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<br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br /> <br />Public Hearing and Action: Resolution 4909 Adopting a Supplemental Budget; Making <br />Appropriations for the City of Eugene for the Fiscal Year Beginning July 1, 2006, and <br />Ending June 30, 2007 <br /> <br /> <br />Meeting Date: June 11, 2007 Agenda Item Number: 4 <br />Department: Central Services Staff Contact: Kitty Murdoch <br />www.eugene-or.gov Contact Telephone Number: 682-5860 <br /> <br /> <br /> <br /> <br />ISSUE STATEMENT <br /> <br />This is the second Supplemental Budget for FY07. Oregon Local Budget Law (ORS 294.480) allows <br />for supplemental budgets for “an occurrence…which had not been ascertained at the time of the <br />preparation of a budget for the current year…” Supplemental Budget #2 consists of $39,971 in <br />proposed changes to the FY07 Adopted Budget. A brief description of the proposed transactions is <br />provided below and in Attachment A. This supplemental budget does not authorize any increased <br />property taxes. <br /> <br /> <br />BACKGROUND <br /> <br />The supplemental budget that occurs in June of a fiscal year recognizes budget authority for activities <br />previously authorized by the council for the current fiscal year and provides other necessary adjustments <br />to budget authority that are deemed essential for operation of city programs and to comply with Oregon <br />budget law. The requested budget changes are described below. <br /> <br />General Fund <br /> <br />This supplemental budget requests the following changes to the General Fund budget: <br /> <br />Contingency Account <br /> <br />The following three contingency account actions reduce the balance in the contingency account to $8,451: <br /> <br />?A $5,000 contingency account recommendation from the City Council in order to sponsor a half- <br />day seminar on creating multicultural alliances (related to the work of the Council Committee on <br />Race). This request was approved by the City Council on April 25, 2007, and will increase <br />appropriation in the Central Services Department. <br /> <br /> <br />?A $16,125 contingency account recommendation from the Budget Committee to fund <br />Neighborhood Matching Grant applications that qualified but did not get funded due to <br />inadequate funds. This allocation was recommended by the Budget Committee on a vote of 8:6, <br />and was approved by the City Council on May 29, 2007. The request would increase the <br />Planning and Development Department’s appropriation by $16,125, and the projects that would <br />receive funding are: <br /> <br /> <br />L:\CMO\2007 Council Agendas\M070611\S0706114.doc <br /> <br />