HomeMy WebLinkAboutResolution No. 4504
RESOLUTION NO. Lf{ v'f
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS
FROM THE RESERVE FOR CAPITAL PROJECTS
The City Council of the City of Eugene finds that:
ORS 294.435(3) stipulates that" .. . appropriations. . . shall, as a minimum, contain one amount for
each organizational unit.. .of each fund. In addition, separate amounts shall be appropriated in
each fund for debt service, special payments, interfund revenue transfers, capital outlay, operating
expenses which cannot be allocated to an organizational unit.. . and operating contingencies."
ORS 294.435(4) requires that "...no greater expenditure...ofpublic monexy shall be made for any
specific purpose than the amount appropriated therefor except as provided in ORS 294.450...."
The City's annual budget provides for a Reserve for Capital Projects not completed by June 30,
1996. The amount in the Reserve for Capital Projects is an estimate computed on the basis of
work remaining to be completed on the projects by June 30, 1996. This Resolution authorizes
the transfer of funds from the Reserve for Capital Projects to the respective departments
administering the capital projects and the transfer of any excess of funds therein to Interfund
Transfer and Balance Available accounts, as reflected on Exhibit "A".
ORS 294.450(1) authorizes" ...transfers of appropriations may be made within a given fund when
authorized by an official resolution... of the governing body. "
ORS 294.450(3) authorizes "Transfers of appropriations...from the general fund...to any other
fund when authorized by an official resolution.. .of the governing body. "
The expenditures related to the transfers indicated on Exhibit "A" attached hereto, and by this
reference incorporated herein, have been determined necessary for the efficient operation of the
City, and should not be delayed to the next fiscal year. In order for the City to comply with ORS
294.435(3 and 4) the transfers indicated on Exhibit "A" attached hereto, must be authorized by
the Council prior to the expenditure of the funds.
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal
Corporation of the State of Oregon, as follows:
Based upon the above fmdings, and in accordance with ORS 294.450, the Financial Management
Services Director is authorized and directed to make the transfer of appropriations as indicated
on the attached Exhibit "A" in the amounts and for the purposes stated.
The foregoing resolution adopted this 5 0 day of ~klYl hf RJ996.
It'- ~ J~
City Recorder
Exhibit "A"
Reserve for Capital - FY97
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
Community Development Block Grant Fund
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Community Development Block Grant Fund
General and Road Capital Projects Fund
Operations
Non-Departmental
Interfund Transfers
Capital Projects
Library, Recreation, & Cultural Services
Planning and Development
Public Safety
Public Works
Total Capital Projects
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total General & Road Capital Projects Fund
$$' Amount
313,233
(329,571 )
16,338
(313,233)
il
146,850
73,593
3,600
47, 146
15,508,410
15,632,749
(18,985,500)
3,205,901
(15,779,599)
il
1
Exhibit "A"
Reserve for Capital - FY97
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
System Development Capital Projects Fund
Operations
Non-Departmental
Interfund Transfers
Capital Projects
Public Works
Other Requirements
Reserve
Total System Development Capital Project Fund
Special Assessments Capital Projects Fund
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Special Assessments Capital Projects Fund
Municipal Airport Fund
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Municipal Airport Fund
1,163,617
6,994,746
(8,158,363)
il
5,458,070
(11,118,299)
5,660,229
(5,458,070)
il
3,178,000
(5,462,549)
2,284,549
(3,178,000)
il
2
Exhibit "A"
Reserve for Capital - FY97
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Parking Services Fund
Capital Projects
Planning and Development
Public Works
Total Capital Projects
Other Requirements
Reserve
Total Parking Services Fund
Stormwater and Wastewater Utilities Fund
Operations
Non-Departmental
Interfund Transfers
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Stormwater and Wastewater Utilities Fund
Community Conference Center Fund
Capital Projects
Planning and Development
Other Requirements
Reserve
Total Community Conference Center Fund
529,881
18,000
547,881
(547,881)
il
561,207
7,643,725
(9,328,195)
1,123,263
(8,204,932)
il
210,877
(210,877)
il
3
Exhibit "A"
Reserve for Capital - FY97
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Emergency Medical Services Fund
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Emergency Medical Services Fund
Facilities and Fleet Service Fund
Capital Projects
Public Works
Other Requirements
Reserve
Total Facilities and Fleet Service Fund
Parks and Recreation Trust Fund
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Parks and Recreation Trust Fund
Total Transferred from COE Reserve - All Funds
96,718
(219,159)
122,441
(96,718)
il
2,049,568
(2,049,568)
il
2,510
(30,309)
27,799
(2,510)
il
56.440.271
4
CITY OF EUGENE
FY97 BUDGET
RESERVE FOR CAPITAL PROJECTS RECONCiliATION - SUMMARY
GENERAL
CAPITAL OTHER * TOTAL
PROJECTS FUND FUNDS All FUNDS
FY96 RESERVE 3,906,288 52,533,983 56,440,271
RESOLUTION AllOCATIONS
Departmental:
Library, Recreation and Cultural Services 73,593 0 73,593
Planning and Development 3,600 740,758 744,358
Public Safety 47, 146 0 47,146
Public Works 3.393.207 37,869,773 41 ,262.980
Total 3,517,546 38,610,531 42,128,077
Non-Departmental:
Interfund Transfer to Capital Projects 28,260 1,843,414 1,871,674
Balance Available 360,482 12,080.038 12.440.520
Total 388,742 13,923,452 14,312,194
TOTAL REALLOCA TION 3,906,288 52.533,983 56,440.271
* = OTHER FUNDS - Includes Road Capital Projects Fund
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