1. (1) During the fiscal year or budget period, the governing body may find that an unanticipated condition requires adjustments to the budget. If the condition meets the requirements of ORS 294.471, the governing body may prepare a supplemental budget.
2. (2) A supplemental budget may only authorize additional expenditures during the current fiscal year or budget period. It must not authorize expenditures for a past or future fiscal year or budget period.
3. (3) A supplemental budget that is being prepared to create or increase an appropriation must be adopted before any expenditures are made in excess of the current annual budget appropriations.
4. (4) Only one supplemental budget may be prepared as a result of a single situation or condition that meets the requirements of ORS 294.471.

5. (5) When the estimated expenditures in the supplemental budget differ by 10 percent or less from the expenditures of the adopted annual or biennial budget for each fund being adjusted, the governing body may adopt the supplemental budget at one of its regular meetings. Fund expenditures do not include unappropriated ending fund balance, amounts reserved for future expenditure, interfund transfers, or contingency amounts.

   1. (a) Notice of the regular meeting at which the supplemental budget will be adopted must be published by one of the methods in ORS 294,311(35) not less than 5 days before the meeting. The notice must include a statement that a supplemental budget will be considered at the meeting.
   2. (b) The resolution adopting and appropriating the supplemental budget may take place at the same regular meeting.

6. (6) When a new fund is being established or when the estimated expenditures in the supplemental budget differ by more than 10 percent from the expenditures in the budget as most recently amended prior to the supplemental budget, the governing body must publish notice and hold a public hearing before adopting the supplemental budget. The notice of the hearing must include for each fund being adjusted by more than 10 percent: the name of the fund; and the new total for each resource line item or appropriation category being changed, added or deleted.

   Example: (This example is of the published summary of a supplemental budget in which the new total expenditure in the Utility Fund differs by more than 10 percent from the amount currently budgeted.) The supplemental budget transfers $20,000 in resources and appropriation authority from the General Fund to the Utility Fund Materials and Services, increasing that appropriation and the total expenditure in the Utility Fund to a new total of $40,000.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 294.471

History

Renumbered from 150-294.471, REV 42-2016, f. 8-12-16, cert. ef. 9-1-16
Renumbered from 150-294.480, 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 5-2009, f. & cert. ef. 7-31-09
REV 2-2002, f. 6-26-02, cert. ef. 6-30-02
REV 8-2000, f. & cert. ef. 8-2-00
REV 4-1998, f. & cert. ef. 6-30-98
RD 1-1992, f. 5-28-92, cert. ef. 6-1-92
TC 10-1978, f. 12-5-78, cert. ef. 12-31-78