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EUGENE CITY COUNCIL AGENDA ITEM SUMMARY Public Hearing and Action: Resolution 4829 Adopting a Supplemental Budget; Making Appropriations for the City of Eugene for the Fiscal Year Beginning July 1, 2004 and Ending June 30, 2005 Meeting Date: March 7, 2005 Agenda Item Number: 3 Department: Central Services Staff Contact: Kitty Murdoch www. cl. eugene, or. us Contact Telephone Number: 682-5860 ISSUE STATEMENT City Council approval of the second supplemental budget for FY05 is requested. Oregon Local Budget Law (ORS 294.480) allows for supplemental budgets for "an occurrence...which had not been ascertained at the time of the preparation of a budget for the current year..." Supplemental Budget #2 consists of $1 million in proposed changes to the FY05 Adopted Budget. A brief description of the proposed transactions is provided in Attachment A. This supplemental budget does not authorize any increased property tax levy. BACKGROUND The supplemental budget that occurs in March of a fiscal year recognizes budget authority for activities previously authorized by the council for the current fiscal year and provides other necessary adjustments to budget authority that are deemed essential for operation of city programs. The requested budget changes are described below. General Fund There are three changes proposed for the General Fund budget: 1) A request from the Planning and Development Department for one-time funding for the initial start- up of the rental housing program authorized by the City Council on November 22, 2004. The request moves $75,000 from the Reserve for Revenue Shortfall to the Planning and Development Department to support two months of staffing, the initiation of a rental housing database, and materials and services support for outreach and education efforts. Revenues collected by the Rental Housing program will replenish the reserve in FY06. 2) A request from the Police Department to transfer equity of $247,000 from the closure of the Interagency Narcotics Enforcement Team (1NET) Fund to the General Fund and establish budget authority for a Methamphetamine Lab Response Program in the Police operating budget. 3) A request to establish budget authority in the Library, Recreation and Cultural Services Department for $32,061 for the State Ready to Read Grant. The FY05 award is $18,489. The FY04 unspent balance of the grant was $13,572. This amount is reappropriated to the department's operating budget from the Reserve for Revenue Shortfall. L:\CMO\2005 Council Agendas\M050307\S0503073.doc