Item 3: Resolution Adopting FY12 Proposed Budget

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing: A Resolution 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, 2011 and Ending June 30, 2012; a Resolution Electing to Receive State Revenue Sharing Funds Pursuant to Section 221.770 of Oregon Revised Statutes; and a Resolution Certifying that the City of Eugene Provides the Municipal Services Required by Oregon Revised Statues Section 221.760 in Order to Receive State Shared Revenues Meeting Date: June 20, 2011 Agenda Item Number: 3 Department: Central Services Staff Contact: Mia Cariaga www.eugene-or.gov Contact Telephone Number: (541) 682-5408 ISSUE STATEMENT This item is a public hearing with no action required. Oregon Local Budget Law requires the City to conduct a public hearing to receive testimony on the FY12 City of Eugene Annual Budget as approved by the Budget Committee and on the proposed uses of the State Revenue Sharing funds. Resolutions electing to receive State Revenue Sharing funds and certifying that the City of Eugene provides municipal services required for receipt of state-shared revenues are also required in order to continue receiving those funds. Finally, ORS 294.434 requires the City Council to pass a resolution adopting the budget, making appropriations, determining, levying and categorizing the annual ad valorem property taxes. The City Council is scheduled to take final action on the FY12 budget on June 27, 2011. 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. Financial and/or Resource Considerations Financial and/or resources considerations are detailed in the FY12 Proposed Budget document and Budget Committee motions. A summary of the Budget Committee changes to the FY12 Proposed Budget is provided in Attachment A. State Revenue Sharing The FY12 estimated revenue from State Revenue Sharing is $1,367,674. The funds will be used to support General Fund services. \\Cesrv500\cc support\CMO\2011 Council Agendas\M110620\S1106203.doc