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<br /> <br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Public Hearing: A Resolution Adopting the Budget, Making Appropriations, <br />Determining, Levying and Categorizing the Annual Ad Valorem Property Tax Levy for <br />the City of Eugene for the Fiscal Year Beginning July 1, 2010 and Ending June 30, 2011; <br />a Resolution Electing to Receive State Revenue Sharing Funds Pursuant to Section <br />221.770 of Oregon Revised Statutes; and a Resolution Certifying that the City of Eugene <br />Provides the Municipal Services Required by Oregon Revised Statues Section 221.760 in <br />Order to Receive State Shared Revenues <br /> <br /> <br />Meeting Date: June 21, 2010 Agenda Item Number: 1 <br />Department: Central Services Staff Contact: Mia Cariaga <br />www.eugene-or.gov Contact Telephone Number: (541) 682-5408 <br /> <br /> <br /> <br /> <br />ISSUE STATEMENT <br />This meeting is a public hearing with no action required. Oregon Local Budget Law requires the City to <br />conduct a public hearing to hear testimony on the FY11 City of Eugene Annual Budget as recommended <br />by the Budget Committee and on the proposed uses of State Revenue Sharing funds. Resolutions <br />electing to receive State Revenue Sharing and certifying that the City of Eugene provides municipal <br />services required for receipt of state-shared revenues are also required in order to continue receiving <br />those state funds. Finally, ORS 294.434 requires the City Council to pass a resolution adopting the <br />budget, making appropriations, determining, levying and categorizing the annual ad valorem property. <br />Council is scheduled to take final action on the FY11 budget on June 28, 2010. <br /> <br /> <br />BACKGROUND <br />Council Action History <br />The City Council has consistently met the requirement of Oregon Local Budget Law which requires that <br />a jurisdiction adopt an annual budget by June 30 of each year. If a jurisdiction elects to receive State <br />Revenue Sharing funds, it must hold a public hearing on the proposed uses of the funds and adopt <br />resolutions or ordinances electing to receive the funds and certifying that the city provides qualifying <br />municipal services. <br /> <br />Financial and/or Resource Considerations <br /> <br />Financial and/or resources considerations are detailed in the FY11 Proposed Budget document and <br />Budget Committee motions. A summary of the Budget Committee actions is provided in Attachment A. <br /> <br />State Revenue Sharing <br />The FY11 estimated revenue from State Revenue Sharing is $1,291,000. The funds will be used to <br />support General Fund services. <br /> <br /> <br /> <br />