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<br /> <br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Action: Resolution 5008 Electing to Receive State Revenue Sharing Funds Pursuant to <br />Section 221.770 of Oregon Revised Statutes; Resolution 5009 Certifying that the City of <br />Eugene Provides the Municipal Services Required by Oregon Revised Statues Section <br />221.760 in Order to Receive State Shared Revenues; and Resolution 5010 Adopting the <br />Budget, Making Appropriations, Determining, Levying and Categorizing the Annual Ad <br />Valorem Property Tax Levy for the City of Eugene for the Fiscal Year Beginning July 1, <br />2010 and Ending June 30, 2011 <br /> <br /> <br />Meeting Date: June 28, 2010 Agenda Item Number: 3 <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 />The council is required to take final action on the FY11 budget. Oregon Local Budget Law requires the <br />City to conduct a public hearing to hear testimony on the FY11 City of Eugene Annual Budget as <br />recommended by the Budget Committee and on the proposed uses of State Revenue Sharing funds. <br />Resolutions electing to receive State Revenue Sharing and certifying that the City of Eugene provides <br />municipal services required for receipt of state-shared revenues are also required in order to continue <br />receiving those state funds. Finally, ORS 294.434 requires the City Council to pass a resolution adopting <br />the budget, making appropriations, determining, levying and categorizing the annual ad valorem <br />property. <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 resource 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 /> Z:\CMO\2010 Council Agendas\M100628\S1006283.doc <br /> <br />