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<br /> <br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Action: Resolution 5011 Adopting a Supplemental Budget; <br />Making Appropriations for the City of Eugene for the Fiscal Year Beginning July 1, 2009 <br />and Ending June 30, 2010 <br /> <br /> <br />Meeting Date: June 28, 2010 Agenda Item Number: 5 <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 this supplemental budget. The council approval of the <br />second Supplemental Budget for FY10 is requested. Oregon Local Budget Law (ORS 294.480) allows <br />for supplemental budgets for "an occurrence...which had not been ascertained at the time of the <br />preparation of a budget for the current year..." This Supplemental Budget consists of $21,095,114 in <br />proposed changes to the FY10 Budget. A description of the proposed transactions is provided in <br />Attachment A. This supplemental budget does not authorize any increased property tax levy. <br /> <br /> <br />BACKGROUND <br />Supplemental budgets recognize new revenue and authorize other unanticipated changes in legal <br />appropriations during a fiscal year. A public hearing was held on June 21 for the supplemental budget <br />transactions. Since that time, the City has come to an agreement with the owners of the 300 Country <br />Club Road property. The supplemental budget transactions listed below include transfer and appropri- <br />ation of $16 million for purchase and renovation of the property for a police facility, as discussed <br />previously with the council. <br /> <br />A summary of items included in this supplemental budget is presented below. <br /> <br />General Fund <br /> <br /> <br />Reduce the Reserve for Revenue Shortfall by $900,000 and increase the interfund transfer to the <br />General Capital Projects Fund by the same amount to provide funding for facilities renovation <br />and rehabilitation projects. <br /> <br /> <br />Human Rights Summit – transfer $3,500 from the General Fund Contingency. <br /> <br /> <br />May 2010 Voters’ Pamphlet – transfer $9,100 from the General Fund Contingency. <br /> <br /> <br />Downtown Safety Initiative work crew - transfer $30,000 from the General Fund Contingency. <br /> <br /> <br />Recognize $10,400 in grant revenue associated with the Gates Opportunity Award Grant. <br /> <br /> <br />Recognize $80,000 in ODOT contract revenue from the Motor Carrier Safety Assistance <br />Program. <br /> <br /> <br />Recognize $4,000 in grant revenue from ODOT for tools and minor equipment. <br /> <br /> Z:\CMO\2010 Council Agendas\M100628\S1006285.doc <br /> <br />