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2022-367-Resolution No. 2022-063 Recorded 9/26/2022REVIEW D LEGAL COUNSEL Recorded in Deschutes County CJ2022-367 Steve Dennison, County Clerk 09/26/2022 3:24:14 PM Commissioners' Journal iiniinimuuuuminiuu For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution to Increase Appropriations Within the 2022-23 Deschutes County Budget * RESOLUTION NO. 2022-063 WHEREAS, the Deschutes County Budget was adopted by the Board of County Commissioners on 06/22/2022, it is necessary to increase the Debt Service appropriation to fully fund principal and interest obligations, and WHEREAS, ORS 294.471 allows a supplemental budget adjustment when authorized by resolution of the governing body, and WHEREAS, ORS 294.463 allows the transfer of Contingency within a fund when authorized by resolution of the governing body, and WHEREAS, it is necessary to reduce Contingency and increase Debt Service appropriations by $48,770 within the Fair and Expo Center, now, and WHEREAS, it is necessary to reduce Contingency and increase Debt Service appropriations by $55,673 within the RV Park, now, and WHEREAS, it is necessary to reduce Contingency and increase Debt Service appropriations by $412,630 within Solid Waste, now therefore; BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That the following expenditures be appropriated in the 2022-23 County Budget: Fair and Expo Center Debt Service $ 48,770 Contingency (48,770) Total Fair and Expo Center 0 Page 1 OF 2-Resolution no. 2022-063 RV Park Debt Service $ 55,673 Contingency (55,673) Total RV Park $ 0 Solid Waste Debt Service $ 412,630 Contingency (412,630) Total Solid Waste $ 0 Section 2. That the Chief Financial Officer make the appropriate entries in the Deschutes County Financial System to show the above appropriations: DATED this 2 ') day of September, 2022. ATTEST: Recor ing Secretary BOARD OF COUNTY COMMISSIONERS OF DE$CHUTES COUNTY, OREGON PATTI ADAIR, Chair "2_ iii ANTHONY DEBONE, Vice -Chair PHIL CHANG, Commissioner Page 2 OF 2-Resolution no. 2022-063 W D z W W I O O H dJ 'O C m O E v a L L U C O Q u V) av a 0 0 m U U O O m O N E 7 C Z .L LL v c J Z C Q c C Q W z >LU u a C a G= Q U1 O O O 'a L!i 00 p = m M M N Cr -O � O N 00 H N a cr- O O O IO O O O Ln M 00 m ro t- L �y N � l0 ri Ct Ln 0 Ln Ln O 4-+ O O O N tw +' O O O O ri 0) = Ln --i m m O E r, Ln O rH 00 cn + Q v L L V Y E H Q O' id v h0 O a� U C 4; c u a--� *� Q L N Q N OJ 3 2 v u 01 w ® a > C 0 = a)+� to LO U Q) +- E vE o0 w 0A 2i 0 o U;Q U)U) U U _Q c U Q Q U 0 00 � d O Ln O O O O O O O 0000 0000 00 O � � N O Z C � � W 00 00 00 l0 lD l0 C � F- 0 R D 2 > ƒ % f $ q $ tLo / \ k 0) 3 \ % / A $ » @ k ¥ 0 / \ CO » r,4 \ \ $ m \ ? / m \ �m q $ \ = 4-\ 7 k 00 K 7 E < r' @ $ @ LO / a CU \ \ E CL / j & 6 E o Q I \ a = > u $ cu ( k u cu � ƒ a) » co , 3 t 9 E ( E 0 c 7 @ \ g / 4-m f k 4- 0 » ® L). j \ = $ / \ ( m $ m \ g d 7 = ƒf\/ /0 / & m q \ e \ f00 00 0 � @ / \ / G \ \ / \ 2 / Z 2 2 \ �D \ m \ m E cu iI E S coG�� BOARD OF COMMISSIONERS MEETING DATE: September 21, 2022 SUBJECT: Consideration of Resolution No. 2022-063 Increasing Appropriations within the 2022-23 Deschutes County Budget. RECOMMENDED MOTION: Move Approval of Resolution No. 2022-063 Increasing Appropriations within the 2022-23 Deschutes County Budget. BACKGROUND AND POLICY IMPLICATIONS: The FY 23 Deschutes County Budget was adopted by the Board of County Commissioners on 612212022. Since that time the County has entered into a Full Faith & Credit Obligations, Series 2022 (Negus Waste Transfer Station Project) which requires an increase in debt service appropriations for bond issuance and underwriting costs. Furthermore, Finance ascertained several funds where budgeted debt service appropriations (either principal or interest payments) were less than the actual FY 23 debt schedule. This resolution also corrects those under budgeted amounts by increasing debt service appropriations in Solid Waste, the Fair and Expo Center, the RV Park. BUDGET IMPACTS: This Resolution increases appropriations and decreases contingency due to new bond issuance and underwriting costs for the Negus Waste Transfer Station Project in the amount of $211,849 within the Solid Waste fund. It further corrects for under budgeted debt service by increasing appropriations and decreasing contingency by $48,770 within the Fair and Expo Center, $55,673 within the RV Park, and $200,781 within Solid Waste. ATTENDANCE: Daniel Emerson, Budget Manager