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2018-189-Resolution No. 2018-018 Recorded 5/24/2018Recorded in Deschutes County CJ2018-189 Nancy Blankenship, County Clerk REVIEWED Commissioners' .journal 05/24/2018 8:56:14 AM LEG L COUNS L w� t Ii 1 1 1 11 l 11111 11 1 1 111 1 1 11 11 II III 2018-189 For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriation to The Room Tax Fund # 160 in the Deschutes County 2017-2018 Budget * RESOLUTION NO. 2018-018 WHEREAS, attached is an email from the Finance Department requesting a transfer of appropriations, and WHEREAS, it is necessary to transfer appropriations within the Deschutes County Budget to accommodate the request, and WHEREAS, ORS 294.463 allows for the transfer of appropriation between funds, 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 $ (200,000) Transient Room Tax Fund — Program Budget $ 200,000 PAGE I OF 2 -RESOLUTION NO. 2018-018 (05/21/18) Section 2. That the Finance Director make the appropriate entries in the Deschutes County Budget document to show the above appropriations. DATED this th day of May 2018. A 't'4� A_� nr ecor Secretary PAGE 2 OF 2 -RESOLUTION NO. 2018-018 (05/21/18) BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ANTHONY DEBONE,fC a r PHILIP G. H I DER ON, Vice -Chair 0-b e __ cyc u se- d - TAMMY BANEY, Commissioner � g ■ f 2 � F- a � CL 2 CL CL al / /4� « § / / k � \ k 0 k e \ § 0 = a EDo= _ 4§ �£§U :/f2 o ®_ LL 0 a k k / / / / o E k k / � o k k / 2222 �$a& t c B k E / / _ (o O ) \ a C E 7 U 0 0 / �CL § k o § .0 CL § 2 2 q 2 0 e / @ � 7 o C o /Uf\ 0 =-0 o k S o 2 / \ � ELL E4/ fo o m y C2 5 2 k \ « C) E o LO / \ƒ N Lr) M E g rl� C o \ / R R R 0 CN N 2 % ƒ o �t /f / R 00 00 w E -Z C o \E U .� z 2 �/� / 26k �u tj6J V) u E S k�u ƒ / o �C m pi E CL/ / LU / k k U U f 0 / § CD f�a a/ // k E fo 2:10 g t � ) k / E § £ v- Ln _ « //� 2 /k k c a @ 2 C) E / e q / /4� « § / / k � \ k 0 k e \ § 0 = a EDo= _ 4§ �£§U :/f2 o ®_ LL 0 a k k / / / / o E k k / � o k k / 2222 �$a& t c B k E / / _ (o O ) \ a C E 7 U 0 0 / �CL § k o § .0 CL § 2 2 q 2 0 e / @ � 7 o C o /Uf\ 0 =-0 o k S o 2 / \ � ELL E4/ fo o m y C2 5 2 k \ « 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 May 21, 2018 DATE: May 16, 2018 FROM: Wayne Lowry, Finance, 541-388-6559 TITLE OF AGENDA ITEM: Consideration of Approval of Resolution 2018-018, Room Tax Fund RECOMMENDATION & ACTION REQUESTED: Staff recommends approval of Resolution 2018-018 increasing appropriations in the Room Tax Fund #160. CONTRACTOR: N/A AGREEMENT TIMEFRAME: N/A INSURANCE: N/A BACKGROUND AND POLICY IMPLICATIONS: Fund #160 accounts for the non -Fair and Expo Center room tax collections. Appropriations in the fund allow for administrative expenses, payments to the Sheriff's office and payments to COVA through the COVA agreement. Payments to COVA are based on collections rather than a fixed contract amount. Therefore, when collections exceed expectations, a budget adjustment becomes necessary in this fund. In order to provide for the contractual payments to COVA, the appropriations in this fund must be increased. The increase is estimated at $200,000, however, the payments to COVA through the end of the year will be based on amounts actually collected. Because this fund does not have its own contingency account, contingency from the general fund must be transferred to provide the budget authority. No resources from the general fund are involved in this budget adjustment., FISCAL IMPLICATIONS: $200,000 of general fund contingency (budget authority) will be transferred to the Room tax fund #160 to provide the budget authority to make the remaining contractual payments to COVA. ATTENDANCE: Wayne Lowry, Finance Director