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

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Recognition of New Revenues These transactions recognize new revenues, primarily from grants and other agencies, and appropriate them to operating and capital projects. In some cases, capital project support from other governments for ongoing projects is put into Balance Available because the project is currently budgeted and the fund is being reimbursed for a share of the costs incurred. In the General Fund, grant revenues totaling $1,260,122 are appropriated to departments. This supplemental budget increases expected General Fund property tax collections by $402,000, representing a 0.5% increase, and brings the collection rate to 94%. Collections for the past two years, 93.8% in FY03 and 94.8% in FY04, support this adjustment. Telecommunications franchise fee revenues in the General Fund have also been increased by $300,000 to better reflect the historical trend for this revenue. Significant Budget Changes · A transfer of $1,840,000 from the General Fund to the Risk Fund replenishes Balance Available in that fund. The Risk Fund faces large outstanding claims for land use and police officer activity. Although actuary-determined reserves have been established for these claims, it is also important to build balance available to an appropriate level when faced with significant unresolved claims. The transfer is funded by $1,026,758 from General Fund marginal beginning working capital, $111,242 from the excess Reserve for Encumbrance, and the recognition of $702,000 in new General Fund revenues. · The General Fund is eliminating its drug treatment reserve and is combining the $40,000 in it with the confiscation revenues in the Marginal Beginning Working Capital adjustment to provide a total of $162,214 in treatment resources. This amount represents the cleared drug confiscations for FY03 and FY04. The funds are being directed to the Willamette Family Treatment Center by the Planning and Development Department. The reserve is no longer required because the allocation of the confiscation revenues from the prior year will occur on the first supplemental budget of each year. · The Facility Reserve in the Facilities and Fleet Services Fund is increased by $15,635,000 according to the plan approved by the council on November 22, 2004. The plan transfers $5.2 million in telecommunications revenue from the General Fund and $10.2 million in telecommunications revenue from the Telecommunications Fund, and recognizes $235,000 in interest earnings on the Facility Reserve balance. Following this action, the total Facility Reserve for use on future civic center visioning projects will be $23.2 million. · The Airport Fund is reappropriating $448,924 for the marketing agreement with Delta Airlines. · The Community Development Block Grant budget is being reduced by $1,761,053 to reflect revenues expected to be received and to pattern the current year budget on prior year spending. Significant Capital Budget Adjustments · The Transportation Utility Fund is appropriating $700,000 from Lane County's OTIA III funds expected to be received in FY05 for street and alley preservation. · The Airport Fund is appropriating new Federal Aviation Administration (FAA) grant revenue totaling $1.8 million for the Airport Runway Project. The City's match of $90,000 is coming from Balance Available in the fund. · The Stormwater Utility Fund is recognizing $636,500 from intergovernmental partners and is increasing capital project authority for the Amazon Flood Plain Analysis, Bureau of Land Management Wetlands Vegetation Projects, Delta Ponds, and the Wetlands Mitigation Bank's Seed Procurement Program. L:\CMO\2004 Council Agendas\M041206\S0412065.doc