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Urban Renewal Agency Net Budget Detail <br />The Urban Renewal Agency's FY10 total proposed net budget is $20.17 million, an increase of 3.3% <br />over the previous year. The net budget is a more realistic picture of Urban Renewal Agency finances <br />ecause this budget subtracts internal charges, transfers, and loans. <br />b <br />The budget is divided into two categories: Operating (department budgets, including internal charges) <br />and Non-Departmental (Debt Service, Capital Budget, Miscellaneous Fiscal Transactions, <br />Contingencies/Reserves, and Internal Transfers and Loans). Net department operating expenditures <br />across all funds are anticipated to grow by 44.2% in FY10. <br />The total budget is the legal appropriation adopted by the Agency Board. The total budget reflects the <br />actual resources needed by the agency plus internal charges, transfers, and loans in accordance with State <br />Local Budget Law (ORS 294) and accounting requirements. <br />For more details on the changes, see the Combined Statement of Revenues, Expenditures and Changes <br />in Fund Balance. <br />FY09FY09FY10% Change <br />FY08Budget*Budget**ProposedFY09 07/01/08 <br />Actual07/01/0812/31/08BudgetFY10 Proposed <br />Total Budget7,208,46019,858,30924,370,53920,945,7635.5% <br /> Less Internal Expenditures/Transfers/Loan(1,765,904)(332,000)(332,000) (772,000)132.5% <br />s <br />5,442,55619,526,30924,038,53920,173,7633.3% <br />Net Budget <br />Resources: <br /> Beginning Working Capital9,821,5669,832,30910,953,60910,385,7635.6% <br />Revenues: <br /> Property Taxe4,436,6192,540,0002,540,0002,415,000-4.9% <br />s <br /> Other Taxes1,146000- <br /> Intergovernmenta1,196,1146,700,00010,090,9306,700,0000.0% <br />l <br /> Charges for Services/Renta25,44327,00027,00027,0000.0% <br />l <br /> Miscellaneous578,581372,000372,000596,00060.2% <br /> Interfund Transfers/Loan1,765,904332,000332,000772,000132.5% <br />s <br /> Principal on Notes/Assessments42,99255,00055,00050,000-9.1% <br />Total Revenue8,046,79910,026,00013,416,93010,560,000 <br />5.3% <br /> Less Interfund Transfers/Loan(1,765,904)(332,000)(332,000) (772,000)132.5% <br />s <br />6,280,8959,694,00013,084,9309,788,0001.0% <br />Net Revenues <br />Net Resources16,102,46119,526,30924,038,53920,173,7633.3% <br />Requirements: <br />Department <br />Department Operating804,248874,000874,0001,260,00044.2% <br />Net Department Operating804,248874,000874,0001,260,00044.2% <br />Non-Departmental <br /> Capital1,340,24003,090,2320- <br /> Interfund Transfers/Loan1,765,904332,000332,000772,000132.5% <br />s <br /> Miscellaneous Fiscal Transactions3,298,06711,247,28311,698,50011,522,9062.5% <br /> Contingency/Reserves02,500,0002,500,0000-100.0% <br /> UEFB/Balance Available04,905,0265,875,8077,390,85750.7% <br />Total Non-Departmental6,404,21118,984,30923,496,53919,685,7633.7% <br />Less Interfund Transfers/Loan(1,765,904)(332,000)(332,000) (772,000)132.5% <br />s <br />Net Non-Departmenta4,638,30818,652,30923,164,53918,913,7631.4% <br />l <br />Net Requirements5,442,55619,526,30924,038,53920,173,7633.3% <br /> * Less reserves of prior year funds for prior year commitments and prior year Capital carryover. <br /> ** Includes changes from December 2008 Supplemental Budget <br /> <br />