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. CB 2587--An ordinance electing to receive State Revenue Sharing funds distributed through the Oregon Liquor Control Commission account for the fiscal year ending June 30, 1984, and declaring an emergency. Ms. Schue moved, seconded by Mr. Obie, that the bill be read the second time by council bill number only, with unanimous consent of the council, and that enactment be considered at this time. Roll call vote; motion carried unanimously. e Council Bill 2587 was read the second time by council bill number only. Ms. Schue moved, seconded by Mr. Obie, that the bill be approved and given final passage. Roll call vote. All councilors present voting aye, the bill was declared passed and numbered 19085. D. Adoption of Long-Range Fiscal Projection (memo distributed) Mr. Gleason said that adoption of this type of long-range fiscal plan providing projections of estimated revenues and expenditures by the City for the next five years was required by the State of Oregon. He introduced Warren Wong, Finance Director. Mr. Wong said that the State required adoption of these projections to assist in distribution of Oregon Liquor Control Commission revenues. He said that the City had in the past asked the State to modify the reporting form, since the present form has little meaning because its reporting format does not correspond to the budgeting format of most municipalities. He said that the State had refused to modify the form. Responding to a question from Councilor Lindberg, Mr. Wong said that the budget categories used in the State form have little correlation with the City's budget; explained that the $12 million budgeted for social services in the five-year State form were for City Library and leisure services. e Councilor Holmer cited Oregon Revised Statues 221.780. He felt that the require- ment for long-range fiscal planning was an important one and necessary for sound financial planning for the City. He noted that the City's projection included a deficit of $8.5 million for FY84, but that in his January 10, 1983, State of the City Address, Mayor Keller had referred to a deficit of $3 million. Mr. Holmer asked the reason for the discrepancy between these figures. He felt that the council should not continue the "charade" of filing reports that were deemed meaningless. Mr. Holmer recommended that the council not approve this planning report but, instead, simply authorize its being forwarded to the State. Responding to Mr. Holmer's concerns, Mr. Wong said that the forecast contained in the report is for all funds and that the deficit referred to in the Mayor's January 10 address was only for the General Fund. Mr. Gleason noted that the City Council does receive six-year City revenue projections and that these projections were meaningful and were used as a financial planning tool. Mr. Wong said that these projections would be available in February. Ms. Smith said she felt Councilor Holmer's comments were appropriate. She urged that the City of Eugene take a leadership role in lobbying for a change in the reporting format so that the council was not faced with a similar problem in 1984. MINUTES--Eugene City Council January 12, 1983 Page 4