Item B: Funding Strategies for Transportation System Operations, Maintenance, and Preservation

Home Browse Search

The following section is excerpted from the City?s Financial Management Goals and Policies for reference by the Citizen?s Budget Subcommittee in their work on the transportation funding project. The Financial Management Goals and Policies provide the framework and direction for financial planning and decision making by the City Council, City Boards, Commissions and Committees, and City staff. They are designed to ensure the financial integrity of the City and a service delivery system that addresses the needs and desires of Eugene?s citizens. Financial Management Goals and Policies were last amended by the Eugene City Council in April 2000. Financial Management Goals To have a capital improvement program that adequately maintains and enhances the Goal II: public?s assets over their useful life. Financial Management Policies A:Resource Planning and Allocation Policies Policy A.4 (Service Priorities) . Operating and Capital Budgets which reflect Council adopted service levels, will be prepared by the City Manager and reviewed by the Budget Committee consistent with the following municipal service priorities... b.Service Level 2 . Maintain and replace the City's fixed assets, which includes equipment, infrastructure and facilities so as to optimize their life. Policy A.5(Operating and Capital Budgets) . The relationship between the Operating and Capital Budgets will be explicitlyrecognized and incorporated into the budget process. Funding for the Operating and Capital Budgets shall be sufficient to provide for operating services and maintenance or enhancement of fixed assets needed to support City services. B:Accounting and Financial Practices Policies Policy B.9 (Non-Dedicated Revenues) . With the exception of grants or earmarked donations, the City will not normally earmark revenue for specific public purposes in general service funds such as the General Fund. G4