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Item 7: PH and Adoption of FY07 Budget
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Item 7: PH and Adoption of FY07 Budget
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6/12/2006
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<br />State Revenue Sharing: The City’s Revenue and Collection Policy 1 states, “The City will decrease the <br />dependence on property taxes and diversify the supporting revenue base in the General Fund.” Electing <br />to receive State Revenue Sharing supports this policy. <br /> <br />Financial and/or Resource Considerations <br /> <br />Financial and/or resources considerations are detailed in the FY07 Proposed Budget Document and <br />Budget Committee Motions. A summary of the Budget Committee actions is provided in Attachment A. <br /> <br />State Revenue Sharing <br />The FY07 estimated revenue from State Revenue Sharing is $1,000,000. The funds will be used to <br />support General Fund services. A public hearing on possible uses of these funds was held by the Budget <br />Committee on May 15, 2006. <br /> <br />Budget Committee Recommendation <br /> <br />Budget Committee review consisted of five work sessions and one public hearing. Public comment was <br />heard at the beginning of all but the last work session. The public hearing on the budget proposal was <br />conducted on May 15, 2006. The Budget Committee recommendation consists of the City Manager’s <br />Proposed Budget for FY07, with several amendments. <br /> <br />The Budget Committee recommendation, approved on May 17, 2006, is as follows: <br /> <br />“Mr. Demboski, seconded by Ms. Rygas, moved that the Budget Committee recommend to <br />the Eugene City Council a fiscal year 2007 budget for the City of Eugene that consists of the <br />City Manager’s proposed fiscal year 2007 budget, including the property tax levies and/or <br />rates contained therein, amended to reflect appropriations for prior year encumbrances and <br />prior year capital projects, and the amendments to the manager’s proposed fiscal year 2007 <br />budget which have been adopted by the Budget Committee. In addition, the property tax <br />levies and/or rates contained in the City Manager’s fiscal year 2007 proposed budget are <br />recommended with the following provision: the youth and school services levy will be <br />certified under the $10 general government tax limitation in the event that the Supreme Court <br />rules in the City’s favor in the Urhausen versus City of Eugene case prior to September 1, <br />2006. If the Supreme Court has not decided by that date, or if the ruling upholds the Tax <br />Court decision, the levy would be certified as determined by the Tax Court ruling.” The <br />motion passed unanimously. <br /> <br />An overview of the Budget Committee’s recommended changes to the City Manager’s Budget are <br />shown by fund and department below. All change proposals and the committee votes are shown in <br />Attachment B. Attachment A reconciles the recommended budget to the proposed budget. <br /> <br />General Fund <br /> <br />Operating Budget <br /> Central Services Department: <br /> <br />$7,900 increase to the Lane Regional Air Protection Agency agreement <br />? <br /> <br />$100,000 one-time placeholder for the Sustainable Business Initiative <br />? <br /> <br />$70,000 for City Council Support Staffing, including $5,000 in one-time funds <br />? <br /> <br /> L:\CMO\2006 Council Agendas\M060612\S0606127.doc <br /> <br />
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