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Item 4: FY11 City of Eugene Supplemental Budget
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Item 4: FY11 City of Eugene Supplemental Budget
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Agenda Item Summary
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6/27/2011
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<br />Facilities Services Fund <br /> <br /> <br />Reduce balance available by $400,000 and increase appropriations for the Atrium building steam <br />heat conversion by the same amount. This action is required due to the project completion in <br /> <br />FY11 rather than FY12 as originally anticipated. <br /> <br />Timing <br />Expenditure authority is needed immediately to carry out council direction or to meet legal or program <br />requirements. <br /> <br /> <br />RELATED CITY POLICIES <br />These transactions conform to the City’s Financial Management Goals and Policies. <br /> <br /> <br />COUNCIL OPTIONS <br />Particular requests requiring more information or discussion may be removed from the supplemental <br />budget and delayed for action in a future supplemental budget. In certain cases, there may be a financial <br />or legal impact to delaying budget approval. The council may also adopt amended appropriation <br />amounts or funding sources for specific requests in the supplemental budget. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br />The City Manager recommends approval of the attached resolution adopting the supplemental budget. <br /> <br /> <br />SUGGESTED MOTION <br />Move to adopt Resolution 5036 adopting the FY11 June Supplemental Budget; making appropriations <br />for the City of Eugene for the Fiscal Year beginning July 1, 2010, and ending June 30, 2011. <br /> <br /> <br />ATTACHMENTS <br /> <br />A. Transaction Summary <br />B. Resolution <br />C. Council Contingency Worksheet <br /> <br /> <br />FOR MORE INFORMATION <br />Staff Contact: Pavel Gubanikhin <br />Telephone: (541) 682-5512 <br />Staff E-Mail: pavel.e.gubanikhin@ci.eugene.or.us <br /> <br />OR <br /> <br />Staff Contact: Mia Cariaga <br />Telephone: (541) 682-5408 <br />Staff E-Mail: mia.cariaga@ci.eugene.or.us <br /> <br /> \\Cesrv500\cc support\CMO\2011 Council Agendas\M110627\S1106274a.doc <br />
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