Item 5 - COE/Supp.Budget 1 - Laserfiche WebLink

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310 General and Road Capital Projects Fund d) This action transfers $60,000 to the Systems Development Capital Projects Fund for the purchase of land for housing projects and reduces capital appropriation by $60,000. e) This request recognizes externally funded projects in Public Works. It recognizes $1,358,728 in revenues due from intergovernmental partners for previously budgeted capital projects. Since these projects are already budgeted, Balance Available is increased by the same amount. f) This request pays arbitrage of $85,590 to the IRS for interest earnings on the Park Bonds and increases the capital budget for community park development by $539,750 using accrued interest earnings from Balance Available ($300,340) and Reserve ($325,000). g) This supplemental budget eliminates the Reserve for Encumbrance and distributes $12,116 to Central Services for payment of obligations incurred but not paid in FY04 and places the residual amount ($15,000) in Balance Available. h) This action moves $10,000 from the Capital budget to the operating budget in Central Services for the maintenance of public art. i) This action recognizes $500,000 received from the Urban Renewal Agency and increases the Capital budget by the same amount to support the initial design phase of the Patterson Street Underpass. McKenzie Willamette Medical Center is expected to loan the Urban Renewal Agency $500,000 for this initial design work. j) This request reappropriates $215,191 from Balance Available to Capital for library projects. k) This request recognizes $348,703 in federal grant revenue for Fire Stations Exhaust System improvements. The city's 30% match ($149,443) is taken from Balance Available. The capital project budget is increased by $498,146. I) The request recognizes $63,911 in tree planting fees and uses the fees and another $154,531 from Balance Available to increase the Capital budget for street tree plantings by $218,442. Another transaction recognizes $80,000 in support from Lane County and appropriates it to the Capital budget for courthouse transportation improvements. This brings the appropriation to the full $1.6 million approved by Lane County.