Item 4: Adopt FY06 Budget - Laserfiche WebLink

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State Revenue Sharing: The City's Revenue and Collection Policy 1 states, "The City will decrease the dependence on property taxes and diversify the supporting revenue base in the General Fund." Electing to receive State Revenue Sharing supports this policy. Financial and/or Resource Considerations Financial and/or resources considerations are detailed in the FY06 Proposed Budget Document and Budget Committee Motions. A summary of the Budget Committee actions is provided in Attachment A. State Revenue Sharing The FY06 estimated revenue from State Revenue Sharing is $1,023,000. The funds will be used to support General Fund services. A public hearing on possible uses of these funds was held by the Budget Committee on May 16, 2005. Budget Committee Recommendation Budget Committee review consisted of five work sessions and one public hearing. Public comment was heard at the beginning of all but the last work session. The public hearing on the budget proposal was conducted on May 16, 2005. The Budget Committee recommendation consists of the City Manager's Proposed Budget for FY06, with several amendments. The Budget Committee recommendation, approved on May 18, 2005, is as follows: Move that the Budget Committee recommend to the City Council a FY06 Budget for the City of Eugene that consists of the Manager's Proposed FY06 Budget, including the property tax levies and/or rates contained therein, amended to reflect reserves for prior year encumbrances, funding for prior year capital projects, and the following amendments (individual motions are shown on Attachment B): General Fund Operating Budget Central Services Department: · Increase funding for companion animal spay/neuter vouchers in each of the next three years using an additional 1% of City license fee revenues. (Staff note: This motion requires no change to the City of Eugene's Proposed Budget.) Eugene Fire and Emergency Medical Services Department: · Increase the department's expenditure authority by $348,000 on an ongoing basis and $326,000 on a one-time basis to staff Station #9 with firefighters beginning January 1, 2006. The resource supporting the amendment in FY06 is the transfer to the General Fund of the FY05 balance in the Airport Marketing Fund and the General Fund's Reserve for Revenue Shortfall. L:\CMO\2005 Council Agendas\M050613\S0506134.doc