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<br />COUNCIL OPTIONS <br /> <br />According to ORS 294.435, the City Council is limited to increasing expenditures in a fund by no more <br />than $5,000 or 10 percent, whichever is greater, of the Budget Committee’s approved total in each or <br />any fund. If a larger expenditure increase is desired, republishing the budget summary in the local <br />newspaper and conducting a second public hearing is required. The City Council may reduce revenues, <br />move allocations within a fund and may decrease expenditures; however, all actions must result in a <br />balanced budget, where revenues equal expenditures, for each fund. Any increase to property taxes <br />above the rate or amount approved by the Budget Committee requires republishing the budget summary <br />and conducting a second public hearing. <br /> <br />If members of the council wish to amend the budget resolutions, the motion must contain the specific <br />appropriation line(s) being altered in the resolution and each motion must be self-balancing, meaning <br />that a resource and a requirement must exactly offset each other. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />The City Manager recommends passage of the two state revenue sharing resolutions and the resolution <br />adopting the Budget Committee’s recommended budget for the City of Eugene. <br /> <br /> <br />SUGGESTED MOTIONS <br /> <br />Move to adopt Resolution 4945 electing to receive state revenue sharing funds pursuant to Section <br />221.770 of Oregon Revised Statutes. <br /> <br />Move to adopt Resolution 4946 certifying that the City of Eugene provides the municipal services <br />required by Oregon Revised Statues Section 221.760. <br /> <br />Move to adopt Resolution 4947 adopting the budget, making appropriations, determining, levying and <br />categorizing the annual ad valorem property tax levy for the City of Eugene for the fiscal year beginning <br />July 1, 2008, and ending June 30, 2009. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Summary of Budget Committee Changes to the Executive Budget Recommendation <br />B. Budget Committee Motions to Amend the FY09 Proposed Budget <br />C. Resolution Electing to Receive State Revenue Sharing <br />D. Resolution Certifying Municipal Services Provided <br />E. Resolution Adopting the FY09 City of Eugene Budget <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Kitty Murdoch <br />Telephone: 682-5860 <br />Staff E-Mail: kitty.m.murdoch@ci.eugene.or.us <br /> <br /> <br /> Z:\CMO\2008 Council Agendas\M080609\S0806094.doc <br />