AMENDED Agenda Packet 6-24-19 Meeting

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June 24, 2019, Meeting – Item 5 • Move to recommend that the City Council direct the City Manager to determine the start-up and ongoing costs for revolving loan programs to assist residents in Eugene, such as with paying their security deposits, emergency rental assistance and down payment or mortgage assistance, and to place these programs on the 2020 Unfunded Needs Assessment. Attachment A reconciles the FY20 Proposed Budget to the FY20 Budget Committee recommended budget. All approved motions and the committee votes are shown in Attachment B. The Budget Committee recommendation includes appropriations for prior fiscal year encumbrances and estimated unexpended capital project funds. Encumbrance carryover is for operating budget items contracted for, but not expended, in FY19. Capital project carryover is for capital appropriations that are estimated to remain unexpended at the end of FY19. Attachment A provides information on encumbrance and capital project carryover by fund. Additionally, due to the Budget Committee’s changes to the General Fund operating budget, the Unappropriated Ending Fund Balance was increased by $50,000 to $27,160,000 to comply with the City policy to maintain two months of expenditures in the UEFB. This increase only impacts the UEFB and the Reserve for Revenue Shortfall, neither of which is appropriated for spending. State Revenue Sharing The FY20 estimated revenues from State Revenue Sharing are $1,950,000. The proposed use of these revenues is to support General Fund services. Attachment C includes the resolution requesting state revenue sharing funds, and Attachment D certifies that the City provides the services required in order to receive state revenue sharing funds. Timing Under Oregon Local Budget Law, the FY20 City of Eugene budget must be adopted by June 30, 2019, and a copy of the adopting resolution must be filed with the Lane County Assessor by July 15, 2019. Additionally, the City must elect to receive State Revenue Sharing funds and file a copy of the corresponding resolution with the State of Oregon Department of Administrative Services by July 31, 2019. Other Background Information The FY20 Proposed Budget document, Budget Committee meeting materials and Budget Committee FY20 budget motions are available on the City’s website at www.eugene-or.gov/budget. PREVIOUS COUNCIL DIRECTION February 20, 2019, Public Hearing Move to adopt the FY20-25 Capital Improvement Program as recommended by the Budget Committee, and to direct the City Manager to come back as part of the FY20 budget with full funding for Striker Field Park and an un-phased schedule. (Motion passed)