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was what staff attempted to do in the transaction summary by showing every fund, every capital <br />carryover reconciliation, beginning working capital reconciliation, and so on. <br /> <br />Councilor Bettman observed that there had been an increase of $1.236 million in the Telecom <br />Fund. She wanted to know if this was money that was appropriated for something, and did not get <br />expended, or was additional money. Ms. Murdoch replied that $701,202 of that amount was the <br />result of the beginning working capital reconciliation and the encumbrance estimate reconciliation. <br />She further explained that $307,000 was the result of capital projects to complete the satellite radio <br />receiver site upgrade approved on Fiscal Year (FY) 07 Supplemental Budget 1. <br /> <br />Councilor Bettman averred that there was no reason that the unencumbered money from the <br />Telecom Fund could not be put into the reserve for revenue shortfall. <br /> <br />Ms. Murdoch stated that there was $1 million in existing appropriation, or previously authorized <br />telecom projects, which was not being reappropriated out of the $1.2 million. She said staff tried <br />with every fund to inform the council as to what exactly was happening with the money. She <br />welcomed any specific questions. <br /> <br />Mayor Piercy closed the City Council meeting and convened a meeting of the Eugene Urban <br />Renewal Agency at 9:17 p.m. <br /> <br /> <br /> <br /> <br />MINUTES—Eugene City Council December 10, 2007 Page 12 <br /> Regular Meeting <br /> <br />