HomeMy WebLinkAboutResolution No. 4576
RESOLUTION NO. If S? 6
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, 1998.
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, 1998. This Resolution authorizes the transfer
offunds from the Reserve for Capital Projects to the respective departments administering the capital
projects and the transfer of any excess of funds therein to 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...ofthe 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 reso ution adopted this / ~ tit day of tf2cZhI1../ , 1998.
_41f
City Recorder
Exhibit "A"
Reserve for Capital - FY99
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Community Development Block Grant Fund
Capital Proiects
Public Works
Total Capital Projects
Other Reauirements
Reserve
Balance Available
Total Other Requirements
Total Community Development Block Grant Fund
406.311
406,311
(441,675)
35.364
(406,311 )
Q
General and Road Capital Proiects Fund
Capital Proiects
Library, Recreation, & Cultural Services
Planning and Development
Police
Public Works
Total Capital Projects
Other Reauirements
Reserve
Balance Available
Total Other Requirements
Total General & Road Capital Projects Fund
54,913
21,202
131,562
18.944.489
19,152,166
(21,391,377)
2.239.211
(19,152,166)
Q
Exhibit "A"
Reserve for Capital - FY99
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
System Development Capital Proiects Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Balance Available
Total Other Requirements
Total System Development Capital Project Fund
10,093,698
(10,970,791)
877.093
(10,093,698)
Q
Special Assessments Capital Proiects Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Balance Available
Total Other Requirements
Total Special Assessments Capital Projects Fund
2,607,870
(4,583,712)
1.975.842
(2,607,870)
Q
Municipal Airport Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Total Municipal Airport Fund
4,485,242
(4,485,242)
Q
Exhibit "A"
Reserve for Capital - FY99
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Parkintl Services Fund
Capital Proiects
Planning and Development
Public Works
Total Capital Projects
Other ReQuirements
Reserve
Balance Available
Total Other Requirements
Total Parking Services Fund
4,271,974
15.333
4,287,307
(5,293,197)
1.005.890
(4,287,307)
Q
Stormwater and Wastewater Utilities Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Total Stormwater and Wastewater Utilities Fund
12,187,650
(12,187,650)
Q
Community Conference Center Fund
Capital Proiects
Planning and Development
Public Works
Total Capital Projects
Other ReQuirements
Reserve
Total Community Conference Center Fund
138,506
132.344
270,850
(270,850)
Q
Exhibit "A"
Reserve for Capital - FY99
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Emeraencv Medical Services Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Total Emergency Medical Services Fund
69,417
(69,417)
Q
Facilities and Fleet Service Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Balance Available
Total Other Requirements
Total Facilities and Fleet Service Fund
1,871,062
(2,135,107)
264.045
(1,871,062)
Q
Parks and Recreation Trust Fund
Capital Proiects
Public Works
Other ReQuirements
Reserve
Total Parks and Recreation Trust Fund
63,473
(63,473)
Q
Exhibit "A"
Reserve for Capital - FY99
City of Eugene
Transfer of funds from Reserve for Capital to the following:
Fund
$$$ Amount
Public Art Trust Fund
Capital Proiects
Library, Recreation, and Cultural Services
163,753
Other ReQuirements
Reserve
(163,753)
Q
Total Public Art Trust Fund
Low Income Housina Trust Fund
Capital Proiects
Planning and Development
143,583
Other ReQuirements
Reserve
(143,583)
Q
Total Low Income Housing Trust Fund