Item 6 - PH/Action FY05 Budget - Laserfiche WebLink

Home Browse Search

State Revenue Sharing: The City's Revenue and Collection Policy 1 states, "The City will decrease the dependence on property taxes and diversify the supporting revenue base in the General Fund." Electing to receive State Revenue Sharing supports this policy. Council Goals The budget supports department work plans designed to meet City Council goals. Financial and/or Resource Considerations Financial and/or resource considerations are detailed in the FY05 Proposed Budget Document and Budget Committee Motions. A summary of the Budget Committee actions is provided in Attachment A. Other Background Information The FY05 Proposed Budget document, Budget Committee packets, information distributed at Budget Committee meetings, and Budget Committee motions are available on the City's website. State Revenue Sharing The FY05 estimated revenue from State Revenue Sharing is $850,000. The funds will be used to support General Fund services. A public hearing on possible uses of these funds was held by the Budget Committee on May 17, 2004. Budget Committee Recommendation Budget Committee review consisted of five work sessions and one public hearing. Public comment was also held at the beginning of all but the last work session. The public hearing on the budget proposal was conducted on May 17, 2004. The Budget Committee recommendation consists of the City Manager's Proposed Budget for FY05, with several amendments. The Budget Committee recommendation, approved on May 19, 2004, is as follows: Move that the Budget Committee recommend to the City Council a FY05 Budget for the City of Eugene that consists of the Manager's Proposed FY05 Budget amended to reflect reserves for prior year encumbrances, fundingfor prior year capital projects, and the following amendments (individual motions are detailed on Attachment B) : General Fund Operating Budget · Library, Recreation, and Cultural Services: Increase the department's expenditure authority by $50,000 for one-time FY05 support to Stand for Children. The revenue offset is the Reserve for Revenue Shortfall. · Planning and Development: Increase the department's expenditure authority by $18,000 to increase the Neighborhood newsletter budget to its FY03 level of funding. The revenue offset is the Reserve for Revenue Shortfall. · Police: Increase the department's expenditure authority by $11,400 for continued use of the radar trailer using senior volunteers to transport and setup the trailer. The revenue offset is the Reserve for Revenue Shortfall. L:\CMO\2004 Council Agendas\M040628\S0406286.doc