23-15 Supplemental Budget
Resolution 23-15: Adopting a Supplemental Budget for the 2023-2024 Fiscal Year
THE CITY OF SODAVILLE RESOLVES AS FOLLOWS:
Whereas the City of Sodaville received $60,000 in May 2022 from the Oregon Legislative Assembly for Community Well Assistance,
Whereas $5,280.14 of these funds remained in the City’s operating account at the beginning of the 2023-2024 fiscal year,
Whereas the cost of Water Acquisition may increase beyond the appropriated requirement of $60,000 due to poor performance of the City’s wells, and
Whereas the City began the fiscal year with $50,611.11 in ARPA funds that had been primarily dedicated to Streets but needs to be reapportioned to cover an additional cost for the PLC replacement project,
THE CITY OF SODAVILLE RESOLVES AS FOLLOWS:
A Supplemental Budget for the 2023-2024 fiscal year is adopted appropriating $4,000 from the Available Cash on Hand resource and increasing the Water Acquisition in the Water Enterprise Program of the General Fund to $64,000.00; and
$3,150 is transferred from the Operating Expenses - Rock, Grading requirement in the Streets program to the Equipment and Facilities Repair & Maintenance Requirement in the Water Enterprise Program, decreasing the former requirement to $57,850 and increasing the latter to $15,650.