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<br /> <br /> <br />ECC <br />UGENE ITY OUNCIL <br />AIS <br />GENDA TEM UMMARY <br /> <br /> <br /> <br />Public Hearing: Resolution Adopting a Supplemental Budget; <br />Making Appropriations for the City of Eugene <br />for the Fiscal Year Beginning July 1, 2010, and Ending June 30, 2011 <br /> <br /> <br />Meeting Date: June 20, 2011 Agenda Item Number: 1 <br />Department: Central Services Staff Contact: Pavel Gubanikhin <br />www.eugene-or.gov Contact Telephone Number: (541) 682-5512 <br /> <br /> <br /> <br /> <br />ISSUE STATEMENT <br />This item is a public hearing with no action required. The City Council approval of the second <br />Supplemental Budget for FY11 is requested. Oregon Local Budget Law (ORS 294.480) allows for <br />supplemental budgets for "an occurrence...which had not been ascertained at the time of the preparation <br />of a budget for the current year..." This Supplemental Budget consists of $8,191,522 in proposed <br />changes to the FY11 Budget. A description of the proposed transactions is provided in Attachment A. <br />This supplemental budget does not authorize any increased property tax levy. The council is scheduled <br />to take final action on the supplemental budget on June 27, 2011. <br /> <br /> <br />BACKGROUND <br />Supplemental budgets recognize new revenue and authorize other unanticipated changes in legal <br />appropriations during a fiscal year. <br /> <br />A summary of items included in this supplemental budget is presented below. <br /> <br />General Fund <br /> <br /> <br />Reduce the General Fund contingency by $100,000 and increase operating appropriations to <br />cover the costs associated with the May 17, 2011, special election and voters’ pamphlet by the <br />same amount. Final cost information has not yet been received from the Lane County Elections <br />Office at the time this agenda item summary was prepared. <br /> <br /> <br />Recognize $38,885 in grant revenue associated with the Library Services and Technology <br />(LSTA) grant. <br /> <br />Road Fund <br /> <br /> <br />Recognize $101,904 in EPA grant revenue for the Smart Trips program. <br /> <br /> <br />Recognize $22,300 in Oregon Department of Transportation (ODOT) grant revenue for the <br />Bicycle/Pedestrian Master Plan. <br /> <br /> <br />Recognize $54,842 in developer contributions towards road improvements at Cross and Davis <br />Streets. <br /> <br /> <br /> <br /> <br /> \\Cesrv500\cc support\CMO\2011 Council Agendas\M110620\S1106201.doc <br /> <br />