Section 294.305 – Sections constituting Local Budget Law.
ORS 294.305 to 294.565 shall be known as the Local Budget Law.
Section 294.311 – Definitions for ORS 294.305 to 294.565.
As used in ORS 294.305 to 294.565, unless the context requires otherwise: (1) “Accrual basis” means the recording of the financial effects on a municipal corporation of transactions and other events and circumstances that have cash consequences for the municipal corporation in the periods in which those transactions, events and circumstances occur, rather than only […]
Section 294.316 – Exclusions from scope.
The provisions of ORS 294.305 to 294.565 do not apply to the following municipal corporations and entities: (1) Drainage districts organized under ORS chapter 547; (2) District improvement companies organized under ORS chapter 554; (3) Highway lighting districts organized under ORS chapter 372; (4) Irrigation districts organized under ORS chapter 545; (5) Road districts organized […]
Section 294.321 – Purposes.
The purposes of ORS 294.305 to 294.565 are: (1) To establish standard procedures for the preparation, presentation, administration and appraisal of budgets of municipal corporations; (2) To provide for a brief description of the programs of a municipal corporation and the fiscal policy which is to accomplish these programs; (3) To provide for estimation of […]
Section 294.323 – Budget period.
(1) A municipal corporation, by ordinance, resolution or charter, may provide that the budget and budget documents for the municipal corporation be prepared for a period of 24 months. Unless so authorized by ordinance, resolution or charter, a municipal corporation may not prepare a budget and budget documents for a period longer than one fiscal […]
Section 294.326
[1963 c.576 §4; 1965 c.451 §2; 1977 c.102 §2; 1979 c.310 §1; 1987 c.280 §1; 1991 c.902 §110; 1995 c.333 §8; 1997 c.308 §5; 1997 c.541 §324; 1999 c.632 §3; 2001 c.135 §5; 2003 c.195 §25; 2005 c.443 §14; 2007 c.783 §118; 2011 c.473 §1; renumbered 294.338 in 2011]
Section 294.331 – Budget officer.
The governing body of each municipal corporation shall, unless otherwise provided by county or city charter, designate one person to serve as budget officer. The budget officer, or the person or department designated by charter and acting as budget officer, shall prepare or supervise the preparation of the budget document. The budget officer shall act […]
Section 294.333 – Basis of accounting used by municipal corporation; change of basis.
(1) A municipal corporation shall record its revenues and expenditures, on a fund by fund basis, using the cash basis, the modified accrual basis or the accrual basis of accounting, at the discretion of the municipal corporation. (2) The basis of accounting used by a municipal corporation must be used in the current year or […]
Section 294.336
[1963 c.576 §6; 1973 c.61 §1; 1979 c.310 §2; 1997 c.308 §6; 2001 c.135 §32; renumbered 294.414 in 2011]
Section 294.338 – Compliance with Local Budget Law required prior to expenditure or tax certification; exceptions.
(1) A municipal corporation may not expend money or certify to the assessor an ad valorem tax rate or estimated amount of ad valorem taxes to be imposed in any year unless the municipal corporation has complied with ORS 294.305 to 294.565. (2) Subsection (1) of this section does not apply to the expenditure of […]
Section 294.341
[1963 c.576 §7; 1997 c.308 §7; 2005 c.417 §1; 2007 c.670 §1; renumbered 294.423 in 2011]
Section 294.343 – Internal service funds.
(1) A municipal corporation may establish by ordinance or resolution one or more internal service funds. The ordinance or resolution creating the fund shall set forth in detail the following: (a) The appropriation or appropriations to be charged in order to provide the initial money for financing the fund; (b) The object or purpose of […]
Section 294.346 – Reserve fund established without vote; review of need for reserve fund; unexpended balances; application to system development charges.
(1) Any municipal corporation, by ordinance or resolution of its governing body, may establish one or more reserve funds to hold moneys to be accumulated and expended for the purposes specified in ORS 280.050, without submitting the question of establishing the reserve fund to a vote of the electors. The municipal corporation may cause to […]
Section 294.352
[1979 c.686 §3 (enacted in lieu of 294.351); 2001 c.135 §6; 2011 c.473 §2; renumbered 294.388 in 2011]
Section 294.353 – Elimination of unnecessary fund; disposition of balance.
Subject to the provisions contained in the charter of any city or county or in any law relating to municipal corporations, when the necessity for maintaining any fund of the municipal corporation has ceased to exist and a balance remains in the fund, the governing body shall so declare by ordinance or other order and […]
Section 294.356
[1963 c.576 §§8a,9; 1971 c.513 §56; 1979 c.686 §4; 1993 c.112 §1; 2011 c.473 §3; renumbered 294.393 in 2011]
Section 294.358 – Expenditure and resource estimate sheets; made part of budget document.
(1) The sheet or sheets containing the estimate of expenditures shall also show in parallel columns the actual expenditures for the two fiscal years next preceding the current year or the actual expenditures for the two budget periods preceding the current budget period, the estimated expenditures for the current year or current budget period and […]
Section 294.360
[Amended by 1957 c.673 §5; 1963 c.576 §22; renumbered 294.416]
Section 294.361 – Contents of estimate of budget resources.
(1) Each municipal corporation shall estimate in detail its budget resources for the ensuing year or ensuing budget period by funds and sources. (2) Budget resources include but are not limited to: (a) The balance of cash, cash equivalents and investments (in the case of a municipal corporation on the cash basis) or the net […]
Section 294.365
[Amended by 1957 c.310 §2; 1959 c.262 §2; 1961 c.299 §1; 1961 c.678 §1; 1963 c.576 §23; renumbered 294.421]