Item 3 - PH/Action Supp. Budget - Laserfiche WebLink

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Recognition of New Revenue These transactions recognize unanticipated revenue and increase operating or capital appropriations or non-departmental accounts. This supplemental budget recognizes: ,/' $365,585 in new grant revenue in the General Fund for the DUll Traffic Safety Grant and the State Domestic Preparedness Equipment Grant and increases the Police Department operating budget by the same amount. ,/' $183,937 in reimbursement grant revenue in the Community Development Fund for additional HOME program income and activity level and increases the Planning and Development Department operating budget by the same amount. ,/' $465,000 in revenue in the System Development Capital Projects Fund for additional Regional Wastewater System Development Charges collected by the City of Eugene and passed through to the Metropolitan Wastewater Management Commission (MWMC). ,/' $70,655 in new grant revenue in the Risk and Benefits Fund for emergency planning grants and increases the Central Service Department operating budget by the same amount. Other Significant Changes This supplemental budget also: ,/' Closes out the Library Construction Subfund of the General and Road Capital Projects Fund and transfers the residual $100,000 to the Facilities and Fleet Fund Facility Reserve. Interest revenue is increased by $23,956 to reflect actual earnings, capital projects are reduced by $47,300, and Balance Available is reduced by $28,744, bringing Balance Available to zero. ,/' Redistributes $450,000 in HOME grant revenue in the Community Development Fund between the loan and operating appropriation due to higher low-income land acquisitions and lower low- income home loans. ,/' Transfers $110,000 to the Facilities and Fleet Fund from the Fire and Emergency Medical Services General Fund budget for ambulance and emergency rescue boat replacement. ,/' Increases the Central Service Department operating budget in the Risk and Benefits Fund by $1,503,035 due to high claims costs and reserve increases required because of poor claims experience in both general liability and health insurance. Balance Available is reduced by $1,356,035 and recovery revenue from current year medical claims is increased by $147,000. Capital Budget Adjustments Capital Budget Adjustments in this supplemental budget are: ,/' $277,391 in the System Development Capital Projects Fund for the purchase of a city-owned property at the intersection of Royal and Danebo Streets for the Royal Park site; this amount is transferred to the Facilities and Fleet Fund Facility Reserve. L:\CMO\2004 Council Agendas\M040628\S0406283.doc