2017-755-Resolution No. 2017-053 Recorded 10/26/2017Recorded in Deschutes County CJ2017-755
REVIEWED Nancy Blankenship, County Clerk
Commissioners' ,journal 10/26/2017 1:21:12 PM
ko_ iSat.
LEGAL COUNSEL,�
2017-755
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Transferring Appropriation to the
County School Fund in the Deschutes County
2017-2018 Budget * RESOLUTION NO. 2017-053
WHEREAS, Deschutes County receives certain revenues that are passed through to Schools in
the County, and
WHEREAS, such revenues are projected to be more than appropriated in the 2017-2018
Budget, and
WHEREAS, ORS 294.463 allows for the transfer of appropriation between funds to provide for
this; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the following transfer of appropriation be approved:
General Fund Contingency $ (32,400)
County School Fund — Program $ 32,400
Section 2. That the Finance Director make the appropriate entries in the Deschutes County
Budget document to show the above appropriations.
DATED this S th day of October 2017.
ATTEST:
Recording Secretary
PAGE I OF 1 -RESOLUTION NO. 2017-053 (10/25/17)
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON
TAMMY BANEY, Chair
ANTHONY DEBONE, i -pair
PHILIP G.(�-NDERSON, Commissioner
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Deschutes County Board of Commissioners
1300 NW Wall St, Bend, OR 97703
(541) 388-6570 — Fax (541) 385-3202 — https://www.deschutes.org/
AGENDA REQUEST & STAFF REPORT
For Board of Commissioners Business Meeting of October 25, 2017
DATE: October 18, 2017
FROM: Wayne Lowry, Finance, 541-388-6559
TITLE OF AGENDA ITEM:
Consideration and Signature of Resolution No. 2017-053, Budget Adjustment - County School
Fund
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2017-053
CONTRACTOR: N/A
AGREEMENT TIMEFRAME: N/A
INSURANCE:
Insurance Certificate Required: No
Insurance Review Required by Risk Management: No
BACKGROUND AND POLICY IMPLICATIONS:The County School Fund receives revenue
from the tax on Electric Co-ops and a tax on Tank Cars. Both of these revenue sources are
passed through to the school districts in Deschutes County through a formula provided by the
ESD. Revenues are anticipated to be somewhat higher than budgeted therefore a budget
adjustment is needed to allow the full pass through of funds expected to be received.
FISCAL IMPLICATIONS: The fund has sufficient resources but will need additional
appropriations to be provided by the general fund contingency.
ATTENDANCE: Finance staff