Item 6 - PH/Action FY05 Budget - Laserfiche WebLink

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· Public Works: Increase the department's expenditure authority by $123,300 for a one- time FY05 expense to Lane Regional Air Pollution Authority. The revenue offset is the Reserve for Revenue Shortfall. Non-departmental Budget · Decrease Reserve for Revenue Shortfall by $133,700. The Reserve for Revenue Shortfall is decreased by $202,700 to offset department operating expenditure increases detailed above and increased by $69,000 for the transfer from the Airport Fund for the Central Services Allocation associated with restoring Aircraft Rescue and Firefighting expenditure authority in Fire and Emergency Medical Services and eliminating Aircraft Rescue and Firefighting expenditure authority in Public Works. Other Funds (not including the Reserve for Prior Year Encumbrance in each fund) · Airport Fund: Restore $613,671 of Fire and Emergency Medical Services' expenditure authority for Aircraft Rescue and Firefighting services and eliminate $388,351 of Public Works' expenditure authority for Aircraft Rescue and Firefighting services. Increase Interfund Transfers by $69,000 for the Central Service Allocation charge. The net expenditure authority increase is $294,320, supported by an increase of $294,320 in airport carrier landing fees. · General and Road Capital Projects Fund: Complete engineering and capital improvements for electrical upgrades ($50,000- $60,000) and scoping and coordination for water and wastewater needs at the Park Blocks to accommodate the Saturday Market in FY05 by reprioritizing the Capital, Parks and Open Space, and Wastewater budgets, or using Urban Renewal funds, if appropriate. · Stormwater [ltilities Fund: Increase expenditure authority in Public Works by $236,000 for support of riverbank cleanup ($124,000), Neighborwoods Program ($90,000), Long Tom Watershed Council ($12,000), and McKenzie Watershed Council ($10,000). The additional expenditure authority will be supported by an increase to Stormwater fees of 2.8%. Timing Under the State Statute, a budget must be approved prior to July 1, 2004, and a jurisdiction must elect to receive State Revenue Sharing funds and file a copy of the resolution or ordinance with the State of Oregon by July 31, 2004. OPTIONS According to ORS 294.435, the City Council is limited to increasing expenditures in a fund by no more than $5,000 or 10 percent, whichever is greater, of the budget committee approved total in each or any fund. If a larger expenditure increase is desired, republishing the budget and conducting a second public hearing is required. The City Council may reduce revenues, move allocations within a fund and may decrease expenditures; however, all actions must result in a balanced budget, where revenues equal expenditures, for each fund. Any increase to property taxes above the rate or amount approved by the budget committee requires republishing the budget summary and conducting a second public hearing. L:\CMO\2004 Council Agendas\M040628\S0406286.doc