1990-28974-Order No. 90-131 Recorded 9/27/1990104 1P94
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUT,, efte
-MED
An Order Establishing MICIZORL
the CDD Revenue Fund. OCT 18 199
ORDER NO. 90-131
WHEREAS, it is the intent of this Order to provide a
mechanism to account for revenues which are collected by the
Community Development Department (CDD) which are in excess of 110
percent of operational expenses. If surplus revenues are real-
ized by CDD, such additional revenue shall be set aside for
future expenses to be incurred by CDD; and
WHEREAS, when it is determined during the fiscal year that
revenues shall exceed 110 percent of expenditures in CDD, the
County Treasurer shall create a new fund entitled 11CDD Revenue
Fund" and in turn deposit identified excess revenue in the fund;
and
WHEREAS, in each subsequent year, so long as the fund is
maintained in the County budget, the "CDD Revenue Fund" shall be
annually budgeted based upon departmental projections. Transfers
from or to the general fund shall be based upon projected CDD
operational expenses for the next fiscal year; now, therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY,
OREGON, ORDERS as follows:
Section 1. When it is determined during the fiscal year
that revenues within the Community Development Department will
exceed 110 percent of expenditures, the County Treasurer shall
create a new fund entitled 11CDD Revenue Fund" into which the
Treasurer shall deposit revenue in excess of 110 percent of the
revenues budgeted for the Community Development Department.
DATED this day of 1990.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
`LOIS TOW PRANTE, Commiss
A tiTL 7);�� lake
EST: TOM Chair
7
Recording Secrbtary DrCK MAUDL-19,Tommissioner
ORDER NO. 90-131
KOTUNCHED
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