|
812 Urban Renewal Agency Downtown Debt Service Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 2,514,127 324,644 a 2,838,771
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes 2,256,000 0 2,256,000
<br /> Miscellaneous 48,000 0 48,000
<br />Total Revenue 2,304,000 0 2,304,000
<br />TOTAL RESOURCES 4,818,127 324,644 5,142,771
<br />II. REQUIREMENTS
<br />Non-Departmental
<br />Interfund Transfers 2,966,138 1,011,110 b,c 3,977,248
<br />Balance Available 1,851,989 (686,466)a,b,c 1,165,523
<br />Total Non-Departmental 4,818,127 324,644 5,142,771
<br />TOTAL REQUIREMENTS 4,818,127 324,644 5,142,771
<br />812 Urban Renewal Agency Downtown Debt Service
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$324,644 and increase Balance Available by the same amount. This adjustment brings the FY19
<br />budgeted Beginning Working Capital in compliance with the audited FY18 actual revenues and
<br />expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />b) One-Time Funding Request: Increase Interfund Transfer to the Urban Renewal Agency
<br />Downtown General Fund by $900,000 for the purchase of the South portion of the Butterfly Lot from
<br />Lane County for the Farmers' Market and reduce Balance Available by the same amount.
<br />c) Reappropriation: Increase Interfund Transfer to the Urban Renewal Agency Downtown General
<br />Fund by $111,110 for continued efforts related to the Downtown Urban Renewal Agency Fiber Project
<br />and decrease Balance Available by the same amount.
<br />December 10, 2018, Meeting - Item 4
|