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<br />RESOLUTION NO. 4606 <br /> <br />A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS <br />FROM THE RESERVE FOR ENCUMBRANCES TO DEPARTMENTS AND TO <br />NON-DEPARTMENTAL RESERVES AND BALANCE A V AILABLE.. <br /> <br />The City Council of the City of Eugene finds that: <br /> <br />ORS 294.435(3) stipulates that" ...appropriations...shall, as a minimum, contain one amount for <br />each organizational unit...of each fund. In addition, separate amounts shall be appropriated in <br />each fund for debt service, special payments, interfund revenue transfers, capital outlay, <br />operating expenses which cannot be allocated to an organizational unit...and operating <br />contingencies. " <br /> <br />ORS 294.435(4) requires that "...no greater expenditure...ofpublic money shall be made for any <br />specific purpose than the amount appropriated therefor except as provided in ORS 294.450...." <br /> <br />The City's annual budget provides for a Reserve for Encumbrances for purchase orders <br />outstanding on June 30, 1999. <br /> <br />The goods and services covered by the purchase orders will be received in Fiscal Year 1999- <br />2000. This resolution authorizes the transfer of funds from the Reserve for Encumbrances to the <br />respective departments holding the outstanding purchase orders and the transfer of any excess <br />funds therein to Contingency, Reserve, or Balance Available, as reflected in Exhibit "A". <br /> <br />ORS 294.450(1) authorizes" ...transfers of appropriations may be made within a given fund when <br />authorized by an official resolution...ofthe governing body." <br /> <br />The expenditures related to the transfers indicated on Exhibit "A" attached hereto, and by this <br />reference incorporated herein, have been determined necessary for the efficient operation of the <br />City, and should not be delayed to the next fiscal year. <br /> <br />In order for the City to comply with ORS 294.435 (3 and 4) the transfers indicated on Exhibit <br />"A" attached hereto, must be authorized by the Council prior to the expenditure of the funds. <br /> <br />NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal <br />Corporation of the State of Oregon, as follows: <br /> <br />Based upon the above findings, and in accordance with ORS 294.450, the Administrative <br />Services Department Executive Manager is authorized and directed to make the transfer of <br />appropriations as indicated on the attached Exhibit "A" in the amounts and for the purposes <br />stated. <br /> <br />The foregoing resolution adopted this 11 th day of October, 1999. <br /> <br />(r -- If/!7 <br /> <br />City Recdfder <br />