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Notice of Supplemental Budget Hearing

Notice of Supplemental Budget Hearing

A public hearing on a proposed budget for the Port of Bandon, for the current fiscal year will be held at the Sprague Room at the Bandon Public Library. The hearing will take place on April 24, 2025, at 5:30 pm. Join Zoom Meeting https://us02web.zoom.us/j/82250324764, Meeting ID: 822 5032 4764, One tap mobile +16694449171,,82250324764# US, Dial by your location • +1 669 444 9171 US

 

The purpose of the meeting is to discuss the supplemental budget with interested persons. A copy of the supplemental budget document may be inspected or obtained on or after April 24, 2025, between the hours of 10:00 am and 2:00 pm.

 

Summary of Proposed Budget Changes to the Reserve Fund

Amounts shown are revised totals in the fund

 

Resource                                                   Amount            Expenditure                                                           Amount

1. Grant Funds                                      $406,282          1. Other Capital Outlay                                  $545,629

Revised Total Funds Resources: $578,282          Revised Total Fund Requirements:          $578,282

Explanation of Change

During the current fiscal year of 2024 - 2025, due to Unforeseen Occurrence as defined by ORS 294.338(3), the Port of Bandon expects to receive additional grant funds from Specific Purpose Grants designated and budgeted for fiscal year 2023 - 2024. The funds received for the Specific Purpose Grants during fiscal year 2024 - 2025 are designated to pay for Other Capital Outlay expenses budgeted in fiscal year 2023 - 2024.