OAR 150-294-0430
General Operating Contingencies

(1)

An estimate for general operating contingency may be included in any operating fund. The general operating contingency is not a fund, but an appropriation within a fund. This type of appropriation is allowed on the assumption that in the operation of any municipal corporation certain expenditures will become necessary in the fiscal year of the budget which cannot be foreseen and planned in the budget.

(a)

An operating fund is one which contains estimates for personnel services, materials and services, or capital outlay.

(b)

The estimate for a general operating contingency, like other budget estimates, must be a good faith estimate. The estimate must be reasonable and based on past experience, comparable information, or through the use of risk analysis.

(c)

The estimate for general operating contingencies may not be used to compensate for improper estimating practices in the preparation of the budget.

(2)

A fund that finances an activity, the cost of which can be accurately estimated, may not include an appropriation for a general operating contingency.
Example 1: A debt service fund for general obligation bonds may not include a general operating contingency. The requirements for a debt service fund are known at the time the budget is prepared. Therefore, there is no unknown or unascertainable aspect to the expenditures from the fund.

(3)

A non-operating fund may not have an estimate for general operating contingencies.
Example 2: A reserve fund is used to save money for future expenditure. If a reserve fund does not include estimates for personnel services, materials and services, or capital outlay, it is a nonoperating fund and may not have an estimate for a general operating contingency.

(4)

An expenditure may not be made directly from the general operating contingency appropriation. The amount must be transferred from the general operating contingency appropriation to another existing appropriation. The general operating contingency is then reduced, and the appropriation in question is increased correspondingly.

(a)

The amount, in aggregate, that may be transferred by resolution of the governing body during any fiscal year or budget period is limited to 15 percent of the original total appropriations made in the fund, per ORS 294.463 (Transfers of appropriations within fund or between funds)(2).

(b)

Total transfers may exceed 15 percent of the total appropriation budgeted in a fund following the adoption of a supplemental budget prepared for that purpose. See ORS 294.471 (Supplemental budget in certain cases) and ORS 294.473 (Procedure when supplemental budget changes estimated expenditures by more than 10 percent) for the supplemental budget process.
Example 3: The General Fund has total appropriations in the amount of $100,000, including a $20,000 appropriation for the general operating contingency. Only $15,000 of the general operating contingency may be transferred (by one or more transfers) by a resolution of the governing body. Any portion of the remaining $5,000 can be transferred only through a supplemental budget.

Source: Rule 150-294-0430 — General Operating Contingencies, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=150-294-0430.

150‑294‑0100
Department of Revenue Review of the County Assessment, Appeal, Collection, and Distribution of Property Taxes 150‑294‑0105
Expenditures for Assessment and Taxation 150‑294‑0110
Definition: Certification of Compliance. Plan to Achieve Adequacy 150‑294‑0115
Contents of Grant Application 150‑294‑0120
Estimates of Expenditures for Assessment and Taxation 150‑294‑0125
Certification 150‑294‑0130
Alternative Method for Certification 150‑294‑0140
Transfers from the CATF to the CAFFA Account 150‑294‑0150
Calculation of Interest on Late Payments 150‑294‑0300
Definition of Taxing Authority 150‑294‑0310
Definition of Budget Document 150‑294‑0320
Definition of Organizational Unit 150‑294‑0330
Budgeting Grants, Gifts, Bequests, and Devises 150‑294‑0340
Establishing a Financial Reserve Fund 150‑294‑0350
“Reserved for Future Expenditure” Requirement 150‑294‑0360
Detail Sheets for Biennial Budgets 150‑294‑0370
Resources Are Not Required to Be Budgeted 150‑294‑0380
Negative Resources 150‑294‑0390
Budget Resources 150‑294‑0400
Estimating Tax Revenue for Biennial Budgets 150‑294‑0410
Proposed Expenditures-Required Presentation 150‑294‑0420
Governmental Fund Definitions 150‑294‑0430
General Operating Contingencies 150‑294‑0440
Unappropriated Ending Fund Balance 150‑294‑0450
Quorum Necessary to Hold Meeting 150‑294‑0460
Charging for Budget Document Copies 150‑294‑0470
Reporting Historical Data for Published Budget Summaries 150‑294‑0480
Quorum Necessary to Hold Meeting 150‑294‑0490
Property Taxes Certified 150‑294‑0500
Publishing of Amended Budget Document 150‑294‑0510
Manner of Appropriations 150‑294‑0520
Documents to File When Certification Cannot Be Certified By July 15 150‑294‑0530
Budget Certification Document to Be Submitted 150‑294‑0540
Transfers of Appropriations 150‑294‑0550
Supplemental Budget Procedures 150‑294‑0800
Councils of Governments Subject to Certain Budgetary Requirements 150‑294‑0810
Members of the Budget Committee: Governing Body and Appointees. Definition of Representatives of the Services Provided for a Council of Government 150‑294‑0820
Restrictions on Appointive Budget Committee Members for a Council of Government 150‑294‑0830
Duties of the Budget Committee of a Council of Government 150‑294‑0840
Duties of the Governing Body of a Council of Government
Last Updated

Jun. 8, 2021

Rule 150-294-0430’s source at or​.us