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Council Work Session


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AI-7305 Topics of Discussion     D.       
Meeting Date: 11/19/2020  
Supplemental Appropriations
Submitted By: Jim Bell
Department: Finance Division: Accounting
Council Committee Review?: Council Work Session
Date(s) of Committee Review: 11/19/2020  
Audio-Visual Needs: None
Emergency Legislation?: No
Resolution No.:

Agenda Item Description or Legislation Title
Supplemental Appropriations
Purpose and Background
The supplemental appropriations are for the following purposes:

- $2,602,000 return of advance from Transformative Economic Development Fund to General Fund for purchase of the Marian Meadows land in March 2020 (covered by Note proceeds).
- $1,000,000 advance from General to Capital Improvement Fund for advance funding of Veterans Memorial.
- $200,000 reduction of previous transfer from General to Capital Improvement Fund (reclassify as advance).
- $220,928.32 transfer from FEMA Fund to Fire Capital/Equipment Fund for grant portion of power cots purchase.
- $3,000,000 for energy efficiencies improvement project (split between General and State Highway funds and covered by lease proceeds).
- $81,805 to cover differences in 2020 Aquatic Center revenues and expenses.
- $31,195 decrease in Rose Music Center personnel expenses.
- $249,189 to cover differences in 2020 Rose Music Center revenues and expenses.
- $398.00 decrease to Coronavirus Relief Fund for reduction in estimated interest income available to spend.
- $7,400 for additional dollars requested from ODOT for smooth seal coat of SR202.
- $5,234,172 for Council approved purchase of various properties and related expenses (covered by Note proceeds).
- $243,021.15 for purchase of power cots for Fire Department ($220,928.32 covered by FEMA Grant).

Fiscal Impact
Source of Funds: Various Funds
Cost: $1,128,893.83
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): Yes
Financial Implications:


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