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<br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Action: Resolution 5037 Electing to Receive State Revenue Sharing Funds Pursuant to <br />Section 221.770 of Oregon Revised Statutes; Resolution 5038 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 5039Adopting 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 <br />July 1, 2011 and Ending June 30, 2012 <br /> <br />Meeting Date: June 27, 2011 Agenda Item Number: 6 <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 City Council is required to take final action on the FY12 budget by June 30. Resolutions electing to <br />receive State Revenue Sharing and certifying that the City of Eugene provides municipal services <br />required for receipt of state-shared revenues are also required in order to continue receiving those state <br />funds. Finally, ORS 294.434 requires the City Council to pass a resolution adopting the budget, making <br />appropriations, determining, levying and categorizing the annual ad valorem 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 />The City Council held a public hearing on these resolutions on June 20, 2011, as required by the Oregon <br />Local Budget Law. <br /> <br />Financial and/or Resource Considerations <br /> <br />Financial and/or resource considerations are detailed in the FY12 Proposed Budget document and <br />Budget Committee motions. A summary of the Budget Committee changes to the FY12 Proposed <br />Budget is provided in Attachment A. <br /> <br />State Revenue Sharing <br />The FY12 estimated revenue from State Revenue Sharing is $1,367,674. The funds will be used to <br />support General Fund services. <br /> <br /> \\Cesrv500\cc support\CMO\2011 Council Agendas\M110627\S1106276a.doc <br />