Item 4: Resolution Adopting a Supplemental Budget 1

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year. In the General Fund, grant revenues totaling $1.19 million are appropriated to departments. The Police Department is the largest recipient of funds with $.82 million of the total from a variety of federal and state sources. The HOME and HUD grants are reconciled on this supplemental budget. All grants have previously been approved by the City Council. Uses of General Fund Contingency There are five requests on this supplemental budget for General Fund Contingency resources totaling $67,479 that have been approved by the council. These are: ·$15,160 for the City Ballot Information tabloid ·$17,319 for the Voters Pamphlet for the November 2008 General Election ·$17,500 for the Eugene Celebration Parking reimbursement ·$7,500 to support the Eugene Celebration ·$10,000 for the West Eugene Collaborative Project Other council-approved requests for the Police Auditor recruitment, ballot postage, and a placeholder request to alleviate a possible Spay & Neuter Clinic Revenue Shortfall will be processed on a subsequent supplemental budget. Those costs are estimated to be approximately $137,500, so the estimated balance in the Contingency Account is approximately $135,021. A spreadsheet listing the contingency requests and the account balance is included as Attachment B. Significant New Capital Budget Adjustments The $366,315 transfer from the General Fund to General Capital for preservation and maintenance of General Fund assets is $533,685 short of the $900,000 sought on SB#1 from the General Fund. This is the first year since the policy was implemented in FY01 that the $900,000 goal has not been met. There are only two other significant capital actions on this supplemental budget: ·Recognize $1.65 million in transfers ($700,000 from the Special Assessment Fund Balance Available and $950,000 from a reduction to the Transportation Utility Fund’s capital appropriation) to establish capital appropriation in the Road Capital Fund for the City’s share of the Crest Drive neighborhood street improvement project. ·Recognize a $300,000 Oregon Department of Transportation (ODOT) grant for the Eugene Train Depot Multimodal Station project. ·Recognize $746,091 in grants and commitments from agency partners in the Stormwater Fund for Delta Ponds and Eugene Wetlands restoration projects. Non-Departmental Transactions This Supplemental Budget reallocates $3.39 million in intergovernmental payments to the Urban Renewal Agency for the purchase of the Washburne and Centre Court buildings. The buildings were purchased in early FY09. Miscellaneous Fiscal Transactions in the Community Development Fund re-budget loan program resources from grants and repayments of $2.3 million. Interfund transfers move resources between funds for the General Fund contingency allocations, the Olympic Trials, and the Crest Drive street improvements. Timing In some cases, expenditure authority is needed immediately to carry out council direction or to meet legal or program requirements. Approval of Supplemental Budget #1 in December allows the organization to prepare more accurate mid-year projections by having the general ledger reflect the audited balances in each fund. This, in turn, enables staff to more accurately project the Beginning Working Capital for the next year’s Proposed Budget. Z:\CMO\2008 Council Agendas\M081208\S0812084.doc