FALL FY 2004-05 SUPPLEMENTAL BUDGET
Binding City Policy
The Council finds:
- As defined by ORS 294.480, conditions exist that require the City of Portland to prepare a supplemental budget. The Budget Officer of the City of Portland submitted a supplemental budget in the amount of $17,499,607 to the Multnomah County Tax Supervising and Conservation Commission (TSCC) on November 17, 2004.
- The TSCC held a public hearing on December 2, 2004 and subsequently certified the supplemental budget.
- Pursuant to certification by the TSCC, the City of Portland’s Spring FY 2004-05 supplemental budget should be adopted by the City Council, the resources and requirements of the various funds should be amended, and the specified appropriations should be made in accordance with the attached exhibits to implement the proposed projects and activities.
NOW, THEREFORE, the Council directs:
a. The supplemental budget, as certified by the Multnomah County Tax Supervising and Conservation Commission, is hereby adopted.
b. The actions amending the FY 2004-05 budget contained in this ordinance are binding City policy.
c. Appropriations are hereby made in accordance with the Appropriation Schedule (Exhibit 1
) as attached.
d. Resources and requirements by fund are hereby amended in accordance with Exhibits 2
Ordinance No. 178943, passed by the Council and effective December 8, 2004.