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2025-441-Resolution No. 2025-044 Recorded 12/22/2025REVIEWED LEGAL COUNSEL Recorded in Deschutes County CJ2025-441 Steve Dennison, County Clerk 12i22/2025 11:57:00 AM Gornmissioners' Journal 2025-441 �s BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Increasing or Decreasing Appropriations within the FY 2026 * RESOLUTION NO. 2025-044 Deschutes County Budget WHEREAS, since adopting the Fiscal Year 2026 (FY 2026) budget, unforeseen changes have occurred which necessitate increased or decreased appropriations, and WHEREAS, ORS 294.471 and 294.473 allows a supplemental budget adjustment when authorized by resolution of the governing body, and WHEREAS, it is necessary to adjust appropriations to accommodate this request; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That the following revenue be reduced in the FY 2026 County Budget: Fair & Expo Center Fund Charges for Services $ (1,050,000) Total Fair & Expo Center Fund (1,050,0001 Section 2. That the following amounts be adjusted in the FY 2026 County Budget: PERS Reserve Fund Special Payments $ 5,000,000 Transfers Out — PERS Debt Service 57,003 Reserve for Future Expenditure (5,057,003) Total PERS Reserve Fund Fair & Expo Center Fund Program Expenses $ (1,050,000) Total Fair & Expo Center Fund S (1,050,0001 Resolution No. 2025-044 Section 3. That the Chief Financial Officer make the appropriate entries in the Deschutes County Financial System to show the above appropriations. DATED this r / day of December, 2025. ATTEST: ,^ Recording Secretary Resolution No. 2025-044 BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON PATTI ADAIR, Vice -Chair PHIL CHAN , Commissioner M m O O I, L m ' l00 O m vi I N n v v a yi w m 0 m 0 0 o O O C 0 o O OLno 0 v c O yr to 0 0 0 v c o 0 0 o n V 3 fV m Q tiv C v O v Q v v N N v Q Of C w O L V W � 1 a w -1 CL ° o a` C � C j — � w ILm,, N vo v 0 � M M O (Ln O Ln ILn v E bD v m BOARD OF i • � MEETING DATE: December 17, 2025 SUBJECT: Public hearing and consideration of Resolution No. 2025-044 adopting a supplemental budget in the Fiscal Year 2026 (FY 2026) Deschutes County Budget RECOMMENDED MOTION: Following the public hearing, move approval of Resolution No. 2025-044 increasing some appropriations and decreasing others within the fiscal year 2026 Deschutes County Budget. BACKGROUND AND POLICY IMPLICATIONS: This is a mid -year budget adjustment to account for changes that have occurred since the budget was adopted in May. The supplemental budget for the following funds will change budgeted appropriations by more than 10%; therefore, a public hearing is required. Specific adjustments include: Fund 135 - PERS Reserve Fund o On 9/24/2025, the Board approved the establishment of a Public Employee Retirement System (PERS) side account using funds from the PERS Reserve Fund in the amount of $5.0 million and accepting a 25% match of $1.25 million from the State of Oregon Employer Incentive Fund (EIF). Additionally, the PERS Reserve Fund is projected to have remaining resources of $57,003. Transferring the remaining resources to the PERS Series 2002 and 2004 Debt Service Fund will reduce the required interfund charges that County departments must pay in fiscal year 2026. Increase Special Payment appropriations by $5,000,000. Increase Transfers Out appropriations by $57,003. Decrease reserves by $5,057,003. The ending reserve balance for FY 2026 will be zero and the fund will be closed at the end of FY 2026. Fund 615 - Fair & Expo Fund o The Fair budgeted $1,050,000 for Events Production Revenue in FY26 but does not have plans for any self -produced events in FY26. The adjustment reduces Resources and Program Expenditures by $1,050,000. BUDGET IMPACTS: Specific details listed above. ATTENDANCE: Cam Sparks, Budget & Financial Planning Manager