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EUGENE CITY COUNCIL AGENDA ITEM SUMMARY Public Hearing and Action: Resolution 4796 Adopting a Supplemental Budget; Making Appropriations for the City of Eugene for the Fiscal Year Beginning July 1, 2003 and Ending June 30, 2004 Meeting Date: June 28, 2004 Agenda Item Number: 3 Department: Central Services Staff Contact: Kitty Murdoch or Nikki Parness www. cl. eugene, or. us Contact Telephone Number: 682-5021 AGENDA ITEM SUMMARY This is the third Supplemental Budget for FY04. Oregon Local Budget Law (ORS 294.480) allows for supplemental budgets for "an occurrence or condition which had not been ascertained at the time of the preparation of a budget for the current year..." BACKGROUND Council Action History Not applicable. Policy Issues Not applicable. Council Goals The budget supports department work plans designed to meet City Council goals. Financial and/or Resource Considerations Supplemental Budget #3 increases total expenditure authority by $1.78 million in the FY04 Budget. A brief description of the proposed transactions is provided in Attachment A. This supplemental budget does not authorize any increased property tax levy. Other Background Information For this Supplemental Budget, the proposed changes fall into the following categories. Examples of each type are provided. Uses of General Fund Contingency The Central Services Department requests $50,000 from the General Fund contingency account to cover the engineering consulting costs for the hospital siting project. CH2M Hill was retained to conduct traffic analysis and develop conceptual plans and cost estimates for the transportation infrastructure needed to support the siting of a hospital on the EWEB property. If this request is approved, the balance in the General Fund contingency account will be $219,922. A spreadsheet listing the contingency request and the account balance is included as Attachment B. L:\CMO\2004 Council Agendas\M040628\S0406283.doc