HomeMy WebLinkAboutResolution No. 4541
RESOLUTION NO. t.J-5'-f I
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.. .of public money 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,
1997. 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, 1997. 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 findings, 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 /..3~ day of t1J~.J, 1997.
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City Recpder
Exhibit "A"
Reserve for Capital - FY98
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Community Development Block Grant Fund
Capital Projects
Planning and Development
Public Works
Total Capital Projects
Other Requirements
Reserve
Balance Available
Total Other Requirements
Total Community Development Block Grant Fund
General and Road Capital Projects Fund
Operations
Non-Departmental
Interfund Transfers
Capital Projects
Library, Recreation, & Cultural Services
Planning and Development
Public Safety
Public Works
Total Capital Projects
Other Requirements
Reserve
Total General & Road Capital Projects Fund
250,000
259,580
509,580
(541,971 )
32,391
(509,580)
Q
214,010
61,038
404,840
5,802
20,551,949
21,023,629
(21,237,639)
Q
1
Exhibit "A"
Reserve for Capital - FY98
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
System Development Capital Projects Fund
Operations
Non-Departmental
Interfund Transfers
Capital Projects
Public Works
Other Requirements
Reserve
Balance Available
Total Other Requirements
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
Total Municipal Airport Fund
2,095,402
10,743,190
(12,854,687)
16,095
(12,838,592)
Q
3,125,049
(3,751,735)
626,686
(3,125,049)
Q
2,852,501
(2,852,501 )
Q
2
Exhibit "A"
Reserve for Capital - FY98
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
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
$$$ Amount
10,561,873
18,000
10,579,873
(10,579,873)
Q
405,014
9,198,302
(9,809,983)
206,667
(9,603,316)
Q
60,000
(60,000)
Q
3
Exhibit "A"
Reserve for Capital - FY98
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Emergency Medical Services Fund
Capital Projects
Public Works
254,276
Other Requirements
Reserve
(254,276)
Q
Total Emergency Medical Services Fund
Facilities and Fleet Service Fund
Capital Projects
Public Works
2,075,941
Other Requirements
Reserve
(2,075,941 )
Q
Total Facilities and Fleet Service Fund
Parks and Recreation Trust Fund
Capital Projects
Public Works
2,259
Other Requirements
Reserve
(2,259)
Q
Total Parks and Recreation Trust Fund
4
Exhibit "A"
Reserve for Capital - FY98
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Public Art Trust Fund
Capital Projects
Library, Recreation, and Cultural Services
235,448
Other Requirements
Reserve
Balance Available
Total Other Requirements
(238,823)
3,375
(235,448)
Q
Total Public Art Trust Fund
Low Income Housing Trust Fund
Capital Projects
Planning and Development
144,483
Other Requirements
Reserve
(144,483)
Q
Total Low Income Housing Trust Fund
Total Transferred from COE Reserve - All Funds
64,404,171
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CITY OF EUGENE
FY98 BUDGET
RESERVE FOR CAPITAL PROJECTS RECONCILIATION - SUMMARY
GENERAL
CAPITAL OTHER * TOTAL
PROJECTS FUND FUNDS ALL FUNDS
FY97 RESERVE 2,597,709 61,806,462 64,404,171
RESOLUTION ALLOCATIONS
Departmental:
Library, Recreation and Cultural Services 61 ,038 235,448 296,486
Planning and Development 0 11 ,421 , 196 11,421,196
Public Safety 5,802 0 5,802
Public Works 2,514,882 46,566,165 49,081 ,047
Total 2,581,722 58,222,809 60,804,531
Non-Departmental:
Interfund Transfer to Capital Projects 15,987 2,698,439 2,714,426
Balance Available Q 885,214 885,214
Total 15,987 3,583,653 3,599,640
TOTAL REALLOCATION
2,597.709
61,806,462
64,404,171
* = OTHER FUNDS - Includes Road Capital Projects Fund, Housing Capital
Projects Fund, & Public Safety Facilities Capital Projects Fund
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