Loading...
2020-196-Resolution No. 2020-032 Recorded 6/30/2020REVIEWWZf REVIEWED LEGA COUNSEL Recorded in Deschutes County Nancy Blankenship, County Clerk CJ2020-196 Commissioners' Journai 06/30/2020 10:26:41 AM c(\" ,1TF.Sc�G II'IIIII�I'�II�III�III�III'I�II o 2020-196 ror Kecorctmg mamp vuiy BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution to Approve a Supplemental Budget Within the 2019-20 Deschutes County * RESOLUTION NO. 2020-032 Budget and Directing Entries WHEREAS, the economic impacts of the COVID-19 pandemic, which could not have been foreseen at the time of the preparation of the 2019-20 budget, have had a negative impact on operating revenues at the Fair and Expo Center resulting in an unfunded loss of $600,000, and reduction in Video Lottery receipts resulting in a $62,000 shortfall in economic development funding commitments, and WHEREAS, ORS 294.471 allows a supplemental budget adjustment when authorized by resolution of the governing body, and WHEREAS, the Budget Committee approved using unallocated Transient Room Tax reserves to fund $362,000 and the Fair and Expo Reserve Fund to fund $300,000 of the shortfall, and WHEREAS, it is necessary to transfer $362,000 in appropriations from Reserves in the Transient Room Tax Fund and $300,000 from Program Expense in the Fair and Expo Fund; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Fund: Fund: Section 1. That the following transfer of appropriation be made in the Transient Room Tax Reserves ($ 362,000) Transfer Out $ 300,000 Program Expense $ 62,000 Section 2. That the following transfer of appropriation be made in the Fair and Expo Reserve Program Expense ($ 300,000) Transfer Out $ 300,000 PAGE I OF 2-RESOLUTION NO.2020-032 Section 3. That the Chief Financial Officer make the appropriate entries in the Deschutes County Financial System to show the above appropriations. DATED this Zq the day of June, 2020. ATTEST: 411,— Recording S cretary BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON PAT I ADAIR, Chair ANTH DE ONE, Vice -Chair l� PHILIP G. HENDERSON, Commissioner PAGE 2 OF 2-REsOLUTION NO.2020-032 O � r O O _0 }- ti N coNO�M O-c a) 2 CM 00 M Q. Q O O C)O c)O 00 C)O O C)O O O ' 0 N O N O O O M O M O O C) O M O N It n LO ti } = � ' ' c m(O(o N L N 'c 00 N O O O- (O O 00 U a M eF a Q o � N � Q W , a O W , 4 y o CAO afO U o Z 0) 0)O CPI n (D () C O Uc (D O C 7 7 m - O O U a m (D 16 a� 46 U od 06 d m Co a� 0 U ». () N Z 5)to N— — Q "a 00 (O 0) N CO 0 LO 0 � CD O LO't dt � F- O U U) Z O 20 0 0 0 0 +-LoLOLOLOLO d 't"tcoCO 0) O d) 0 0 O O O I� � O CO CO — CO (O 'It (oCOI,- a) N`-NM O U c (D C E O C N O E N d F- N N C U Z' O z O 0 N N C sc M c W 06 �W c N co � co Uc c a) C O_ — W , O QL Y U CU U N U C -NO C m C m aa) o o N rn m M 3 � U) o o w o CD t c c `rnU ao>i �O Q n L OW U c o C 4- O O 2 O L N n ('j 03 'd f0 LL O O -a E C O t�0 O— c U U oo°a) c a c m 0m c N � U 37 0 c: N N U E U c O E a) io E C .0 C O Q F- O 0 c O U = N (ca C) C C (.0 W 01 E S CMG o 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 BOCC Wednesday Meeting of June 24, 2020 DATE: June 16, 2020 FROM: Greg Munn, Finance, 541-388-6559 TITLE OF AGENDA ITEM: PUBLIC HEARING and Consideration of Board Signature of Resolution No. 2020-032 to Approve a Supplemental Budget Adjustment in the 2019-20 Deschutes County Budget and Transient Room Tax Fund. RECOMMENDATION & ACTION REQUESTED: Staff recommends approval of Resolution No. 2020-032 increasing Appropriations in the Transient Room Tax Fund. BACKGROUND AND POLICY IMPLICATIONS: The economic impacts of the COVID-19 pandemic have had a significant negative impact on operating revenues at the Fair and Expo Center in FY 2019-20 resulting in an unfunded loss of $600,000. Additionally, the pandemic has reduced video lottery receipts which are used to fund economic development activities in the county. This resolution will provide legal budget authority to fund the $600,000 shortfall at the Fair and Expo Center and $62,000 of the shortfall in the Video Lottery Fund with unallocated Transient Room Tax funds and Fair and Expo Reserve funds. FISCAL IMPLICATIONS: This resolution authorizes an increase to the 2019-20 budget appropriation in the Transient Room Tax Fund by $362,000, funded by available unallocated reserve funds, and a transfer of appropriations within the Fair and Expo Reserve Fund of $300,000. ATTENDANCE: Greg Munn, Acting Treasurer and Chief Financial Officer.