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