Item 6: Resolution Adopting FY12 Proposed Budget

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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. If members of the City Council wish to amend the budget resolutions, the motion must contain the specific appropriation line(s) being altered in the resolution and each motion must be self-balancing, meaning that a resource and a requirement must exactly offset each other. CITY MANAGER’S RECOMMENDATION The City Manager recommends passage of the two state revenue sharing resolutions and the resolution adopting the budget for the City of Eugene. SUGGESTED MOTIONS Move to adopt Resolution 5037 electing to receive state revenue sharing funds pursuant to Section 221.770 of Oregon Revised Statutes. Move to adopt Resolution 5038 certifying that the City of Eugene provides the municipal services required by Oregon Revised Statues Section 221.760. Move to adopt Resolution 5039 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. ATTACHMENTS A.Summary of Changes to the FY12 Proposed Budget B.Budget Committee Motions to Amend the FY12 Proposed Budget C. Resolution Electing to Receive State Revenue Sharing D. Resolution Certifying Municipal Services Provided E. Resolution Adopting the FY12 City of Eugene Budget - Exhibit A - Fund Schedules - Exhibit B - Fund Names FOR MORE INFORMATION Staff Contact: Mia Cariaga Telephone: (541) 682-5408 Staff E-Mail: mia.cariaga@ci.eugene.or.us OR Staff Contact: Pavel Gubanikhin Telephone: (541) 682-5512 Staff E-Mail: pavel.e.gubanikhin@ci.eugene.or.us \\Cesrv500\cc support\CMO\2011 Council Agendas\M110627\S1106276a.doc