Item 3: PH and Action - Supplemental Budget #3

Home Browse Search

ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing and Action: Resolution 4944 Adopting a Supplemental Budget; Making Appropriations for the City of Eugene for the Fiscal Year Beginning July 1, 2007, and Ending June 30, 2008 Meeting Date: June 9, 2008 Agenda Item Number: 3 Department: Central Services Staff Contact: Kitty Murdoch www.eugene-or.gov Contact Telephone Number: 682-5860 ISSUE STATEMENT The council approval of the third Supplemental Budget for FY08 is requested. Oregon Local Budget Law (ORS 294.480) allows for supplemental budgets for "an occurrence...which had not been ascertained at the time of the preparation of a budget for the current year..." Supplemental Budget #3 consists of $1.07 million in proposed changes to the FY08 Budget. A brief description of the proposed transactions is provided in Attachment A. This supplemental budget does not authorize any increased property tax levy. BACKGROUND Supplemental budgets recognize new revenue and authorize other unanticipated changes in legal appropriations during a fiscal year. General Fund This supplemental budget requests the following changes to the General Fund budget: Contingency Account A $71,673 appropriation from the contingency account is requested by Central Services for the cost of the November 6, 2007, election and Voter’s Pamphlet. This request reduces the balance in the contingency account to $119,827. The contingency account worksheet is attached. Other General Fund Central Services and Public Works are reallocating existing General Fund City Attorney appropriation to departments where actual costs have occurred. This will result in no net change to the overall operating budget. The Fire and Emergency Medical Services Department is recognizing new grant revenue of $44,647 to reimburse costs associated with participating in multi-jurisdictional training exercises, and for revenues received for HazMat response. Z:\CMO\2008 Council Agendas\M080609\S0806093.doc