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EUGENE CITY COUNCIL AGENDA ITEM SUMMARY Public Hearing and Action: Resolution 4797 Adopting the Budget, Making Appropriations, Determining, Levying and Categorizing the Annual Ad Valorem Property Tax Levy for the City of Eugene for the Fiscal Year Beginning July 1, 2004, and Ending June 30, 2005; Resolution 4798 Electing to Receive State Revenue Sharing Funds Pursuant to Section 221.770 of Oregon Revised Statutes; and Resolution 4799 Certifying that the City of Eugene Provides the Municipal Services Required by Oregon Revised Statues Section 221.760 Meeting Date: June 28, 2004 Agenda Item Number: 6 Department: Central Services Staff Contact: Kitty Murdoch www. cl. eugene, or. us Contact Telephone Number: 682-5860 AGENDA ITEM SUMMARY The council will conduct a public hearing to hear testimony on the FY04 City of Eugene Annual Budget as recommended by the Budget Committee on May 19, 2004, and on the proposed uses of State Revenue Sharing funds. Following the public hearing, the council will pass a resolution electing to receive State Revenue Sharing in the Fiscal Year beginning July 1, 2004, and ending June 30, 2005, pass a resolution certifying that the City of Eugene provides municipal services required for receipt of state- shared revenues, and pass a resolution adopting the budget, making appropriations, determining, levying and categorizing the annual ad valorem property tax for the City of Eugene for the Fiscal Year beginning July 1, 2004, and ending June 30, 2005. BACKGROUND Council Action History The City Council has consistently met the requirement of Oregon Local Budget Law which requires that a jurisdiction adopt an annual budget by June 30 of each year. If a jurisdiction elects to receive State Revenue Sharing funds, it must hold a public hearing on the proposed uses of the funds and adopt resolutions or ordinances electing to receive the funds and certifying that the city provides qualifying municipal services. Policy Issues Annual Budget: ORS 294.435 provides that after the public hearing "has been held, the governing body shall enact the proper ordinances or resolutions to adopt the budget, to make the appropriations, to determine, make and declare the ad valorem property tax amount or rate to be certified to the assessor for either the ensuing year or each of the years of the ensuing budget period and to itemize and categorize the ad valorem property tax amount or rate as provided in ORS 310.060." L:\CMO\2004 Council Agendas\M040628\S0406286.doc