- (1) "Reserved for future expenditure" means a budget requirement which is not intended to be expended during the fiscal year or budget period in which it is budgeted. This requirement shows the amount a municipal corporation plans to "save" for future financing of a service, project, property or equipment which the municipal corporation is authorized to perform, construct or acquire.
- (2) An amount reserved for future expenditure may be appropriated during the fiscal year or budget period if the situation meets the conditions for a supplemental budget outlined in ORS 294.471(1) or as otherwise authorized by law.
Statutory/Other Authority
ORS 305.100
Statutes/Other Implemented
ORS 294.346
History
Renumbered from 150-294.346-(A), REV 41-2016, f. 8-12-16, cert. ef. 9-1-16
Renumbered from 150-294.525-(A), REV 7-2012, f. 7-26-12, cert. ef. 8-1-12
REV 4-2011, f. 12-30-11, cert. ef. 1-1-12
REV 2-2002, f. 6-26-02, cert. ef. 6-30-02
REV 4-1999, f. 12-1-99, cert. ef. 12-31-99, Renumbered from 150-280.100(A)