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OAR 150-294-0540

Transfers of Appropriations

Official textus-or/regssecure.sos.state.or.uslast amended
Summarize

# (1)

(1) A transfer of appropriation is a decrease of one existing appropriation and a corresponding increase of another existing appropriation category.

# (2)

(2) During the fiscal year or budget period the governing body of a municipal corporation may transfer from one existing appropriation category within a fund to another existing appropriation category in the same fund when a resolution or ordinance is adopted that authorizes this transfer. The resolution or ordinance must state the purpose of the transfer, and the amount of the transfer. The appropriation reductions must equal the appropriation increases. The net effect of this change on the total appropriation in the fund must be zero.

# (3)

(3) Transfer of appropriations and a like amount of budget resources may be made between funds by governing body resolution or ordinance. Transfer of appropriation and a like amount of resources to another fund is accomplished by increasing or creating, a "transfer to other funds" appropriation category in the fund from which the transfer is made. The amount of this increased or created appropriation must be offset by reductions in one or more other appropriation categories in the fund from which the transfer is made. The net effect of this change on the total appropriation in the fund from which the transfer is made must be zero. Appropriation categories in the receiving fund are increased by the amount of the transfer, and the budget resources available to that fund are increased by the amount of resources transferred from the fund from which the transfer is made.

# (4)

(4) Transfers referred to in this rule apply to transfers that occur after the budget has been approved and that are made during the fiscal year or budget period for which the appropriations are made. Nothing in this rule prohibits or regulates lawful transfers that have been budgeted in accordance with local budget law.

Amendment history

Renumbered from 150-294.463(3), REV 42-2016, f. 8-12-16, cert. ef. 9-1-16

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In this chapter (40 sections)
  1. 150-294-0100 · Department of Revenue Review of the County Assessment,…
  2. 150-294-0105 · Expenditures for Assessment and Taxation
  3. 150-294-0110 · Definition: Certification of Compliance. Plan to Achieve…
  4. 150-294-0115 · Contents of Grant Application
  5. 150-294-0120 · Estimates of Expenditures for Assessment and Taxation
  6. 150-294-0125 · Certification
  7. 150-294-0130 · Alternative Method for Certification
  8. 150-294-0140 · Transfers from the CATF to the CAFFA Account
  9. 150-294-0150 · Calculation of Interest on Late Payments
  10. 150-294-0300 · Definition of Taxing Authority
  11. 150-294-0310 · Definition of Budget Document
  12. 150-294-0320 · Definition of Organizational Unit
  13. 150-294-0330 · Budgeting Grants, Gifts, Bequests, and Devises
  14. 150-294-0340 · Establishing a Financial Reserve Fund
  15. 150-294-0350 · "Reserved for Future Expenditure" Requirement
  16. 150-294-0360 · Detail Sheets for Biennial Budgets
  17. 150-294-0370 · Resources Are Not Required to Be Budgeted
  18. 150-294-0380 · Negative Resources
  19. 150-294-0390 · Budget Resources
  20. 150-294-0400 · Estimating Tax Revenue for Biennial Budgets
  21. 150-294-0410 · Proposed Expenditures-Required Presentation
  22. 150-294-0420 · Governmental Fund Definitions
  23. 150-294-0430 · General Operating Contingencies
  24. 150-294-0440 · Unappropriated Ending Fund Balance
  25. 150-294-0450 · Quorum Necessary to Hold Meeting
  26. 150-294-0460 · Charging for Budget Document Copies
  27. 150-294-0470 · Reporting Historical Data for Published Budget Summaries
  28. 150-294-0480 · Quorum Necessary to Hold Meeting
  29. 150-294-0490 · Property Taxes Certified
  30. 150-294-0500 · Publishing of Amended Budget Document
  31. 150-294-0510 · Manner of Appropriations
  32. 150-294-0520 · Documents to File When Certification Cannot Be Certified…
  33. 150-294-0530 · Budget Certification Document to Be Submitted
  34. 150-294-0540 · Transfers of Appropriations
  35. 150-294-0550 · Supplemental Budget Procedures
  36. 150-294-0800 · Councils of Governments Subject to Certain Budgetary…
  37. 150-294-0810 · Members of the Budget Committee: Governing Body and…
  38. 150-294-0820 · Restrictions on Appointive Budget Committee Members for…
  39. 150-294-0830 · Duties of the Budget Committee of a Council of Government
  40. 150-294-0840 · Duties of the Governing Body of a Council of Government
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