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CIO City Council Meetings City Hall 38957 NW 1st Ave., CIO, OregonAGENDA April 10, 2023 (6:00 PM) Mayor, Debbie Number Councilor Karen Eckhart Councilor Tom MeyerCouncilor Joey Ferguson Councilor
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Unanticipated revenue refers to funds that a city receives unexpectedly, which were not included in the original budget. This can include unexpected grants, additional tax revenues, or funds from other sources that come in after the budget has been finalized.
Typically, the financial or budgeting department of the city is required to file unanticipated revenue reports. This may also involve city officials or elected representatives overseeing budgetary changes and reporting.
To fill out unanticipated revenue forms, city officials need to document the source of the revenue, the amount received, and the intended use of the funds. Accurate details and supporting documentation should be provided.
The purpose of reporting unanticipated revenue is to ensure that the city's budget reflects real-time financial conditions and to maintain transparency in financial management. It allows for adjustments to be made to how the funds are allocated.
Information that must be reported includes the source of the revenue, the dollar amount, the specific budget line where it will be allocated, and any other relevant details that explain the circumstances around the revenue.
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