Item 3: FY14 Proposed Budget - Laserfiche WebLink

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year encumbrances and prior year capital projects, and the budget amendments previously passed by the Budget Committee.” This motion passed 15-1. All passed motions and the committee votes are shown in Attachment B. Attachment A reconciles the FY14 Proposed Budget to the FY14 Budget Committee approved budget. A summary of the Budget Committee’s recommended changes to the City Manager’s FY14 Proposed Budget is provided below: • Restore City Manager's recommended cuts for one year using $1.1 million in savings from PERS legislation and $4.2 million from the Reserve for Revenue Shortfall (RRSF). • Provide funding for the Lane Regional Air Protection Agency (LRAPA) in the amount of $30,000 from the Reserve for Revenue Shortfall, and $25,000 through in-kind contributions. • Take the FY14 service reduction transition costs in the amount of $2,752,870 out of the FY14 General Fund operating budget and place these funds into the RRSF. • Reduce the RRSF and increase the Unappropriated Ending Fund Balance (UEFB) by the same amount in order to ensure compliance with the City Council policy of budgeting UEFB at two months of expenditures. • Restore $175,000 in one-time Human Services Commission funding from the RRSF. • Amend the budget to reflect appropriations for prior year encumbrances and prior year capital projects. In addition to making the above changes to the FY14 budget, the Budget Committee also passed a motion that included the following provisions: • Recommend the City Council set up to six meetings with the Budget Committee prior to December 31, 2013, to formulate a long-term sustainable financial strategy for the City. • Request that the Chair of the Budget Committee, the Mayor, the Council President and the City Manager develop a proposed process for the additional Budget Committee meetings that would be held after the FY14 budget is adopted. The Budget Committee approval included appropriations for prior fiscal year encumbrances and estimated unexpended capital project funds in the FY14 budget. Encumbrance carryover is for operating budget items encumbered but not expended in FY13. Capital project carryover is for capital appropriations that are estimated to remain unexpended at the end of FY13. Attachment A provides the information on encumbrance and capital project carryover by fund. State Revenue Sharing The FY14 estimated revenues from State Revenue Sharing are $1,497,439. The proposed use of these funds is to support General Fund services. Timing Under the Oregon Local Budget Law, the FY14 City of Eugene budget must be adopted by June 30, 2013, and a copy of the adopting resolution must be filed with the Lane County Assessor by July 15, 2013. Additionally, the City must elect to receive State Revenue Sharing funds and file a copy of the corresponding resolution with the State of Oregon Department of Administrative Services by July 31, 2013. S:\CMO\2013 Council Agendas\M130624\S1306243.doc