Item 6: PH and Adoption fo Supplemental Budget 3

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing and Action: Resolution 4877 Adopting a Supplemental Budget; Making Appropriations for the City of Eugene for the Fiscal Year Beginning July 1, 2005 and Ending June 30, 2006 Meeting Date: June 12, 2006 Agenda Item Number: 6 Department: Central Services Staff Contact: Kitty Murdoch www.eugene-or.gov Contact Telephone Number: 682-5860 ISSUE STATEMENT This is the third Supplemental Budget for FY06. Oregon Local Budget Law (ORS294.480) 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 $1.85 million in proposed changes to the FY06 Adopted Budget. A brief description of the proposed transactions is provided below and in Attachment A. This supplemental budget does not authorize any increased property taxes. BACKGROUND The supplemental budget that occurs in June of a fiscal year recognizes budget authority for activities previously authorized by the City Council for the current fiscal year and provides other necessary adjustments to budget authority that are deemed essential for operation of city programs an to comply with Oregon budget law. The requested budget changes are described below. General Fund This supplemental budget requests the following changes to the General Fund budget: A $17,000 contingency account request from the Central Services Department for recruitment costs ? associated with the hiring of the Police Auditor. This request was authorized by the City Council on March 13, 2006. This action reduces the balance in the contingency account to $16,635. Recognition of $50,000 to be received from McKenzie-Willamette Medical Center for land use ? application processing costs associated with the Delta Ridge hospital site and appropriation of $50,000 to the Planning and Development Department to hire temporary staff to accommodate the additional workload. A $2,050 increase to debt service payments and a like decrease to the Reserve for Revenue Shortfall ? for higher than anticipated debt service payments on existing debt. Other Funds The changes proposed in the Non-General Fund budgets are: General and Road Capital Projects Fund One request moves $159,000 from Balance Available to the Capital budget to cover capital planning expenditures for council requested projects - hospital siting on the EWEB property, Whole Foods and East Broadway Redevelopment, the petition poll to improve Arcadia Street, and planning for L:\CMO\2006 Council Agendas\M060612\S0606126.doc