CC Minutes - 12/10/07 Meeting - Laserfiche WebLink

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startup, costs that had not been completely expended, a $125,000 contribution from Springfield for the Police Interoperability Grant, $66,550 in one-time funds for River Road/Santa Clara, $154,400 for opportunity siting and standards, and $152,944 for a neighborhood park. Councilor Bettman observed that there was $1.6 million in additional funds available in the beginning working capital in the General Funds main sub-fund and there was new revenue of $619,000. She surmised that out of the $12.9 million there was a $900,000 capital transfer and another $900,000 capital transfer and this would make $1.8 million. Ms. Murdoch clarified that there was only one $900,000 capital transfer. Councilor Bettman countered that she thought the council had directed there to be an “automatic” $900,000 to be placed in a capital transfer. Ms. Murdoch reiterated that there was only the one amount. Councilor Bettman said as she went through the budget and reviewed the working capital she understood that about one-third of the $12.9 million was grant money and reappropriations. She noted that in looking at the telecom registration/licensing fund, the beginning working capital had an additional $1.2 million. She asked for an explanation. Ms. Murdoch responded that she would have to look it up specifically. Her best guess was that it consisted of unspent funds from the previous year that were allocated for projects that were not yet completed. She reiterated that the beginning work in capital adjustment always consisted of more revenue or fewer expenditures than had been anticipated when the budget was created months earlier. Councilor Ortiz asked if the language that Mr. Barofsky was concerned with could be brought back into the budget document. Ms. Murdoch replied that the council could pass a policy to do so. Councilor Ortiz averred that even if it was no longer required by State statute the council should ensure that it stayed embedded in the budget policy. Ms. Murdoch stated that the current public process already requires an advertisement with notice for a public hearing. Councilor Bettman asked if the negative balance in the beginning working capital for the Municipal Airport Fund was attributable to money transferred out in order to build a transfer facility from Connect Oregon money. Kurt Corey, Public Works Director, replied that he was uncertain but this would be a good assumption. In response to a question from Councilor Bettman, Ms. Murdoch explained that the beginning working capital adjustment across all funds on a $500 million budget was a reduction of $6.2 million. She stated that there had been increases across all funds in this supplemental budget of $8.3 million that went into the operating budget. She said the capital budget had been reduced by almost $2 million in this supplemental budget. Additionally, there had been transfers, increases to reserves, and balance available as a result of the change in beginning working capital. MINUTES—Eugene City Council December 10, 2007 Page 10 Regular Meeting