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
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