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FIN-1.04 - Spring FY 2003-04 Supplemental Budget

Binding City Policies (BCP)
Policy category
Policy number
FIN-1.04
SPRING FY 2003-04 SUPPLEMENTAL BUDGET
Binding City Policy
BCP-FIN-1.04

PURPOSE
The Council finds:
1. As defined by ORS 294.480, conditions exist that require the City of Portland to prepare a supplemental budget. The Budget Officer of the City of Portland submitted a supplemental budget in the amount of $45,809,428 to the Multnomah County Tax Supervising and Conservation Commission (TSCC) on May 27, 2004.
2. The TSCC held a public hearing on June 9, 2004 and subsequently certified the supplemental budget.
3. Pursuant to certification by the TSCC, the City of Portland’s Spring FY 2003-04 supplemental budget should be adopted by the City Council, the resources and requirements of the various funds should be adjusted, and the specified appropriations should be made in accordance with the attached exhibits in order to implement the proposed projects and activities.

POLICY
NOW, THEREFORE, the Council directs:
  • The supplemental budget, as certified by the Multnomah County Tax Supervising and Conservation Commission, is hereby adopted.
     
  • The actions adjusting the FY 2003-04 budget contained in this ordinance are binding City policy.
     
  • Appropriations are hereby made in accordance with the Appropriation Schedule (Exhibit 1) and Line Item Appropriation Schedule (Exhibit 2) as attached.
     
  • Resources and requirements by fund are hereby adjusted in accordance with Exhibits 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 as attached.

HISTORY
Ordinance No. 178531, passed by the Council and effective June 24, 2004.

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