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<br /> <br /> <br />Other Background Information <br /> <br />The FY12 Proposed Budget document, Budget Committee packets, information distributed at Budget <br />Committee meetings, and Budget Committee motions are available on the City’s website at: <br />www.eugene-or.gov/budget. <br /> <br /> <br />RELATED CITY POLICIES <br />Council Goals <br /> <br />The budget supports department work plans designed to further Council Goals and Priorities. <br />Financial Management Goals and Policies <br />The budget was prepared following guidelines established in the Financial Management Goals and <br />Policies. <br /> <br /> <br />AGENCY BOARD OPTIONS <br />According to ORS 294.435, the Urban Renewal Agency’s governing body is limited to increasing <br />expenditures in a fund by no more than $5,000 or 10 percent, whichever is greater, of the Budget <br />Committee approved total in each or any fund. If a larger expenditure increase is desired, republishing <br />the budget and conducting a second public hearing is required. The Agency Board of Directors may <br />reduce revenues, move allocations within a fund and decrease expenditures; however, all actions must <br />result in a balanced budget, where revenues equal expenditures, for each fund. Any increase to property <br />taxes above the rate or amount approved by the Budget Committee requires republishing the budget <br />summary and conducting a second public hearing. <br /> <br />If members of the Urban Renewal Agency Board wish to amend the budget resolutions, the motion must <br />contain the specific appropriation line(s) being altered in the resolution and each motion must be self- <br />balancing, meaning that a resource and a requirement must exactly offset each other. <br /> <br /> <br />AGENCY DIRECTOR’S RECOMMENDATION <br />The Agency Director recommends adoption of the FY12 Urban Renewal Agency Budget as approved by <br />the Budget Committee. <br /> <br /> <br />SUGGESTED MOTION <br />No motions are needed at this public hearing. The motion to be considered by the council at the June <br />27, 2011, meeting to adopt the budget is: <br /> <br />Move to approve a resolution of the Urban Renewal Agency of the City of Eugene adopting the budget <br />and making appropriations for the fiscal year beginning July 1, 2011, and ending June 30, 2012. <br /> <br /> <br />ATTACHMENTS <br />A. Summary of Changes to the FY12 Proposed Budget <br />B. Resolution Adopting the FY12 Urban Renewal Agency Budget <br /> - Exhibit A - Fund Schedules <br /> - Exhibit B - Fund Names <br /> <br /> \\Cesrv500\cc support\CMO\2011 Council Agendas\M110620\S1106204.doc <br /> <br /> <br />