1992-29821-Order No. 92-085 Recorded 8/27/1992REVIE
92-29821
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF-DESCHUTES C
UNSEL
An Order Relating to the * G-7
Community Development
Department Revenue Fund.
01 i9ob-0446'`
ORDER NO. 92-085-
C:':3 c -n
WHEREAS, by Order No. 90-131, the Board of County Commissioners
authorized the creation of the Community Development Department Revenue
Fund, into which excess revenue collected by the Community Development
Department ("CDD") is to be deposited by the County Treasurer and set
aside for future expenses incurred by CDD; and
WHEREAS, by Order No. 91-105, the Board of County Commissioners
clarified the method for calculating CDD's excess revenue; and
WHEREAS, pursuant to Order No. 91-105, the County Treasurer has
deposited into the fund excess revenue collected by CDD during the
fiscal year 1991-92; and
WHEREAS, the Board of County Commissioners has determined that the
provisions of Order No. 91-105 are inconsistent with CDD's adopted
budget for the fiscal year 1991-92, that clarification of the method of
calculating CDD's excess revenue is necessary and that additional
excess revenue should be deposited into the CDD Revenue Fund; now,
therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON,
ORDERS as follows:
Section 1. For purposes of the CDD Revenue Fund, the term "excess
revenue" means the difference between actual revenue collected by CDD
and CDD's actual expenditures plus 10% of CDD's actual revenue
collected.
Section 2. At the close of each fiscal year, the County Treasurer
shall determine if CDD has collected excess revenue during that fiscal
year, and all such excess revenue shall be deposited into the CDD
Revenue Fund.
Section 3. In each fiscal year, so long as the CDD Revenue Fund
is maintained in the County budget, the fund shall be annually budgeted
based upon the balance in the fund and departmental revenue and
expenditure projection. Transfers from the CDD Revenue Fund to the
General Fund shall be based upon projected CDD expenses for the next
fiscal year.
Section 4. In the event of shortfalls in the projected CDD
revenue arising during a fiscal year, but not anticipated in the
departmental revenue projection, the Board may transfer to the General
1 - ORDER NO. 92-085 (8/26/92)
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Fund from the CDD Revenue Fund the amount necessary to balance the
revenue and expenditures of CDD during the fiscal year.
Section 5. The County Treasurer shall deposit in the CDD Revenue
Fund excess revenue collected by CDD during fiscal year 1991-92, as
provided in this order, less the amount of excess revenue previously
deposited pursuant to Order No. 91-105.
DATED this 26th day of August, 1992.
ATTEST:
Recording Secretary
2 - ORDER NO. 92-085 (8/26/92)
BOARD OF OUNTY COMMISSIONERS
OF DESCHU ES COUNTY, OREGON
, lCommiss
, Commissp.oner