11/19/1990 Meeting - Laserfiche WebLink

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e Mr. Gleason noted that staff had distributed copies of a document entitled, "City of Eugene Compensation Report" to the council. He reminded the council that the document had been requested during the most recent budget cycle. He advised the council to schedule a work session to review the compensation document. Regarding the issue of performance audits, Mr. Gleason recommended that the council incorporate the review of the compensation document into a performance audit. He pointed out that the basic staff work had been done on the issue. He noted that Mr. Rutan and Mr. Boles had been assigned by the council to work on performance audits. He suggested the possibility of an audit of the City's compensation program. Mr. Gleason further suggested that administrative overhead might be the subject of another performance audit. A. Ballot Measure 5 Mr. Wong noted that staff had distributed copies of the overhead presentation he was to make to councilors. In addition, the packet material included a summary of the Attorney General's Office opinion regarding Ballot Measure 5; a paper prepared by Michael Newman of the City Attorney's Office regarding the legality of the City's user fees and charges relative to Ballot Measure 5; a report from bond counsel regarding the ballot measure and measuring its impacts (Mr. Wong noted that the report had been written prior to passage of the ballot measure); and notice from Public Financial Management that Moody's and Standard and Poors have all jurisdictions in the State of Oregon on a credit watch. Mr. Wong pointed out that the latter notice meant that e attempting to sell debt at this point in time would be difficult, if not impossible. He added that City staff is working with the State Treasurer's Office and Municipal Debt Advisory Commission to implement procedures that will make public debt marketable. Mr. Wong said the final item in the packet was a summary of the discussions of the Legislative Joint Interim Committee on Revenue and School Finance. Mr. Wong reviewed a series of overheads for the council. He said that the key provisions of the ballot measure included the following: 1. Limits operating property tax rate for non school government entities to $10 per $1,000 assessed valuation; tax base and serial levies. Mr. Wong observed that the combined Lane County/City of Eugene rate was $10.17 per $1,000, excluding general obligation debt service. 2. User fees and charges: May impact those that are imposed " . . . upon property or upon a property owner as a direct consequence of ownership of that property except for incurred charges and assessments for local improvements." Mr. Wong said the Downtown Development District's ad valorem rate was construed to be a property tax under the Attorney General's opinion, which e MINUTES--Eugene City Council November 19, 1990 Page 2