Item 4: Adopt FY06 Budget - Laserfiche WebLink

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City Manager. In FY06, the revenue offset to this motion is a $378,000 transfer from the Telecommunications Registration/Licensing Fund. Non-departmental Budget · Decrease the Reserve for Revenue Shortfall by $674,000 to offset department operating expenditure increases detailed above. (Staff note: On SB~ 1 in FY06, following the annual audit, the remaining resources in the Airport Marketing Fund (approximately $51,000) will be distributed to the General Fund's Reserve for Revenue Shortfall.) Other Funds (not including the Reserve for Prior Year Encumbrance in each fund) · Airport Fund: Eliminate the unspent balance in the Airport Marketing Fund at the end of FY05 and transfer the funds to the General Fund to support the restoration of firefighters at Station #9. (Staff note: Funds from the closeout of the Airport Marketing Fund (approximately $51,000) will be sent to the General Fund'; Reserve for Revenue Shortfall on SB~ i of FY06, following the completion of the annual audit.) · General and Road Capital Projects Fund: Transfer $97,500 to the General Fund from the Facilities Reserve for support of the Jacobs Gallery contribution of $35,000 and the $62,500 General Fund share of the Cultural Services Comprehensive Plan in FY06. · Telecommunications Registration/Licensing Fund: Transfer $378,000 to the General Fund for one-time bridge funding for increased police services in the downtown core and surrounding neighborhoods and parks. Timing Under the State statute, a budget must be approved prior to July 1, 2005, and a jurisdiction must elect to receive State Revenue Sharing funds and file a copy of the resolution or ordinance with the State of Oregon by July 31, 2005. Other Background Information The FY06 Proposed Budget document, Budget Committee packets, information distributed at Budget Committee meetings, and Budget Committee motions are available on the City's website. RELATED CITY POLICIES Council Goals The budget supports department work plans designed to further Council Goals. Financial Management Goals and Policies The budget was prepared following guidelines established in the Financial Management Goals and Policies. L:\CMO\2005 Council Agendas\M050613\S0506134.doc