FY 2008-09 SPRING MAJOR SUPPLEMENTAL BUDGET
Binding City Policy
Section 1. The Council Finds:
1. Conditions exist that require the City to prepare a major supplemental budget, as defined by ORS 294.480. In accordance with the provisions of ORS 294.480(6), the City submitted a proposed major supplemental budget to the Tax Supervising and Conservation Commission (TSCC) on May 13, 2009.
2. The TSCC held a public hearing on the proposed major supplemental budget on May 27, 2009.
3. The City’s FY 2008-09 spring major supplemental budget must now be adopted by Council to become effective. In accordance with Exhibits 1 and 2, resources and requirements should be amended in eight funds and appropriations should be made to implement the proposed projects and activities.
NOW, THEREFORE, the Council directs:
a. The FY 2008-09 spring major supplemental budget is hereby adopted.
b. FY 2008-09 appropriations, resources, and requirements are hereby amended in accordance with Exhibits 1 and 2.
c. This ordinance is binding City policy.
Section 2. The Council declares that an emergency exists because amendments to appropriations, resources, and requirements must be implemented without delay; therefore, this ordinance shall be in full force and effect from and after its passage by the Council.
Emergency Ordinance No. 182854, passed by City Council and effective May 27, 2009.