Notice of Supplemental Budget

Notice of Supplemental Budget Hearing
A Public Hearing on a proposed budget for the City of Bandon, Coos County, Oregon, for the Fiscal Year 2022-23 will be held at 555 Hwy 101, Bandon, OR 97411, in the City Hall Council Chambers. The Hearing will take place on May 1, 2023, at 7:00 p.m. The purpose of the Hearing is to discuss the Supplemental Budget with interested persons. The proposed budget changes shown below will increase the Fund by more than 10% in some funds.
SUMMARY OF PROPOSED BUDGET CHANGES
Fund: 100 General Fund
Adopted Budget		Budget Adjustment	Amended Budget
Resources:
1. Beginning Fund Balance	$1,324,206	$0	$1,324,206
2. Transient Occupancy Tax	$800,000	$394,857	$1,194,857
3. All Other Resources (unchanged)	$2,790,019	$0	$2,790,019
Total Resources	$4,914,225	$394,857	$5,309,082

Requirements:
1. Administration	$306,282	$88,729	$395,011
2. Accounting and Billing	$361,118	$42,459	$403,577
3. Police	$1,317,309	$131,282	$1,448,591
4. Street	$280,500	$73,073	$353,573
5. Planning	$246,372	$53,770	$300,142
6. Community Center	$76,274	$5,544	$81,818
7. All Other Requirements (unchanged)	$2,326,370	$0	$2,326,370
Total Requirements	$4,914,225	$394,857	$5,309,082

EXPLANATION: Budget adjustments are primarily due to increases in costs for contractual services (1), staff and contractual services (2), staff and vehicle purchase (3), building repairs (4), consulting services (5), and operations management at Community Center (6).

Fund: 240 – Tourism Development Fund
Adopted Budget	Budget Adjustment		Amended Budget
Resources:
1. Beginning Fund Balance	$0	$0	$0
2. Interest Income	$0	$6	$6
3. Transfer from General Fund	$0	$356,775	$356,775
Total Resources	$0	$356,781	$356,781

Requirements:
1. Tourism Promotion	$0	$65,000	$65,000
2. Contingency	$0	$291,781	$291,781
Total Requirements	$0	$356,781	$356,781

EXPLANATION: Resolution Number 22-25 created Tourism Development Fund on December 5, 2022. The adjustments are to record Transient Occupancy Tax revenues and expenses.
	Adopted Budget	Budget Adjustment	Amended Budget
Fund: 636 LID Debt Service
Resources:
1. Beginning Fund Balance	$226,782	$0	$226,782
2. 2004 HWY 101 SW Principle	$900	$125,000	$125,900
3. All Other Resources (unchanged)	$2,398	$0	$2,398
	$230,080	$125,000	$355,080

Requirements:
1. 2004 HWY 101 SW Principle	$24,910	$125,000	$149,910
2. All Other Requirements (unchanged)	$205,170	$0	$205,170
	$230,080	$125,000	$355,080

EXPLANATION: An LID principal payment in the amount of $125,000 was received and will be applied to the loan.

Fund: 910 Electric Fund

Adopted Budget		Budget Adjustment	Amended Budget
Resources:
1. Beginning Fund Balance	$2,678,437	$274,826	$2,953,263
2. BPA Conservation	$26,000	$50,000	$76,000
2. All Other Resources (unchanged)	$6,532,525	$0	$6,532,525
Total Resources	$9,236,962	$324,826	$9,561,788

Requirements:
1. Administration	$545,540	$16,124	$561,664
2. Accounting and Billing	$507,692	$50,208	$557,900
3. Conservation	$65,476	$53,494	$118,970
4. Non-Departmental	$402,000	$205,000	$607,000
5. All Other Requirements (unchanged)	$7,716,254	$0	$7,716,254
Total Requirements	$9,236,962	$324,826	$9,561,788

EXPLANATION: Budget Adjustments are primarily due to payroll expenses resulting from winter storms and outages; Conservation program management; and interfund loan and in-lieu transfers related to utility sales.

Fund: 940 Water Fund
Adopted Budget		Budget Adjustment	Amended Budget
Resources:
1. Beginning Fund Balance	$252,227	$0	$252,227
2. Utility Sales	$1,046,900	$3,016	$1,049,916
3. All Other Resources (unchanged)	$73,535	$0	$73,535
Total Resources	$1,372,662	$3,016	$1,375,678

Requirements:
1. Administration	$99,026	$1,404	$100,430
2. Accounting and Billing	$44,601	$1,612	$46,213
3. All Other Requirements (unchanged)	$1,229,035	$0	$1,229,035
	$1,372,662	$3,016	$1,375,678

EXPLANATION: Budget adjustments are primarily due to in-lieu transfers related to utility sales.

Fund: 941 Water Plant Improvement Fund
Adopted Budget		Budget Adjustment	Amended Budget
Resources:
1. Beginning Fund Balance	$731,513	$276,776	$1,008,289
2. Interest Income	$3,980	$20,956	$24,936
3. Transfer In from Other Fund	$0	$170,000	$170,000
4. All Other Resources (unchanged)	$283,000	$0	$283,000
Total Resources	$1,018,493	$467,732	$1,486,225

Requirements:
1. Capital Improvements	$502,815	$467,732	$970,547
2. All Other Requirements (unchanged)	$515,678	$0	$515,678
Total Requirements	$1,018,493	$467,732	$1,486,225