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FIN-4.07 - FY 2008-09 Grants Fund Major Supplemental Budget

FY 2008-09 GRANTS FUND MAJOR SUPPLEMENTAL BUDGET

Binding City Policy

BCP-FIN-4.07


 

Link to Attachment 1  (PDF Document, 16 kb)

Link to Memorandum  (PDF Document, 60 kb)

 

PURPOSE

 

Section 1.  The Council finds:

 

1.  The design of the new enterprise business system, components of which will go live on November 26, 2008, requires a change in the way the City budgets grants. The Grants Fund will no longer transfer grant revenue to other funds for expenditure; rather, all grant expenditures will be made directly out of the Grants Fund.

 

2.  This modification is purely technical and will not change the purposes for which grant funds are spent.

 

3.  Budget amendments necessary to effect this change require the City to prepare a major supplemental budget, as defined by ORS 294.480. In accordance with the provisions of ORS 294.480(6), the City submitted a proposed major supplemental budget for the Grants Fund to the Tax Supervising and Conservation Commission (TSCC) on November 3, 2008.

 

4.  The TSCC held a public hearing on the proposed major supplemental budget on November 10, 2008.

 

5.  The FY 2008-09 major supplemental budget for the Grants Fund must now be adopted by Council to become effective.

 


 

POLICY

 

NOW, THEREFORE, the Council directs:

 

a. The FY 2008-09 major supplemental budget for the Grants Fund is hereby adopted.

 

a. Expenditure amounts for the Grants Fund are hereby appropriated for the fiscal year beginning July 1, 2008 as listed in Attachment 1 (Grants Fund Appropriation Schedule: FY 2008-09). This appropriation schedule replaces the previous schedule adopted by Council on June 26, 2008.

 

b. This ordinance is binding City policy.

 

Section 2.  The Council declares that an emergency exists because amendments to appropriations and requirements must be in place when the new enterprise business system goes live; therefore, this ordinance shall be in full force and effect from and after November 26, 2008.

 


HISTORY

 

Emergency Ordinance No. 182325, passed by City Council November 12, 2008 and effective November 26, 2008.


Table of Contents
FIN-4.01 - Community and School Traffic Safety Account
FIN-4.02 - Parks Local Option Levy Fund
FIN-4.03 - Fund Management (June 2005)
FIN-4.04 - Fund Management (June 2006)
FIN-4.05 - Sewer System Safety Net Fund & Sewer Revolving Loan Fund Closure
FIN-4.06 - Public Safety Fund Closure and Renaming of Federal Grants Fund
FIN-4.07 - FY 2008-09 Grants Fund Major Supplemental Budget
FIN-4.08 - FY 2008-09 Grant-Related Budget Amendments Minor Supplemental Budget
FIN-4.09 - Close the Water Growth Impact Trust Fund, the Portland Police Association Health Insurance Fund and the Parking Facilities Debt Redemption Fund, and create the Tax Increment Reimbursement Fund
FIN-4.10 - Close the Business License Surcharge Fund, and Approve Renaming the Housing and Community Development Fund to the Community Development Block Grant Fund, and Approve Creating the Headwaters Apartment Complex Fund
FIN-4.11 - Close the Campaign Finance Fund
FIN-4.12 - Approve renaming the Parks Capital Construction & Maintenance Fund, the Portland Parks Memorial Trust Fund, and the Local Improvement District Construction Fund
FIN-4.13 - Create the Arts Education and Access Fund
FIN-4.14 - Adopt Budget Ajustments and Establish Appropriation Authority for the Arts Education and Access Fund and the Private For-Hire Transportation Program Reforms
FIN-4.15 - Approve Creation of Debt Service Funds and Closure of Cable Fund and Private for Hire Transportation Safety Fund
FIN-4.16 - Authorize Creation of Community Solar Special Revenue Fund