HomeMy WebLinkAboutItem 5: Adopt FY06 URA BudgetEUGENE URBAN RENEWAL AGENCY
AGENDA ITEM SUMMARY
Public Hearing And Action: Resolution 1035 of the Urban Renewal Agency of the City
of Eugene Adopting the Budget, Making Appropriations, and Declaring the Amount of
Tax to be Received for the Fiscal Year Beginning July 1, 2005 and Ending June 30, 2006
Meeting Date: June 13, 2005 Agenda Item Number: 5
Department: Central Services Staff Contact: Kitty Murdoch
www. cl. eugene, or. us Contact Telephone Number: 682-5860
ISSUE STATEMENT
Oregon Local Budget Law requires the Urban Renewal Agency of the City of Eugene to conduct a
public hearing to receive testimony on the FY06 Urban Renewal Agency Annual Budget as
recommended by the Budget Committee on May 18, 2005. Following the hearing, the governing body
of the Urban Renewal Agency may deliberate and approve a resolution adopting the budget of the Urban
Renewal Agency of the City of Eugene and make appropriations for the Fiscal Year beginning July 1,
2005 and ending June 30, 2006.
BACKGROUND
On May 18, 2005, the Budget Committee recommended that the City Council, acting as the Urban
Renewal Agency Board, adopt a FY06 Budget for the Eugene Urban Renewal Agency that consists of
the City Manager's FY06 Proposed Budget amended to reflect funding for prior year capital projects,
and an intergovernmental payment of $62,500 to the City of Eugene for first year funding of one-half of
the cost of the Cultural Services Comprehensive Plan.
Policy Issues
ORS 294.435 provides that after the public hearing "has been held, the governing body shall enact the
proper ordinances or resolutions to adopt the budget, to make the appropriations, to determine, make and
declare the ad valorem property tax amount or rate to be certified to the assessor for either the ensuing
year or each of the years of the ensuing budget period and to itemize and categorize the ad valorem
property tax amount or rate as provided in ORS 310.060."
Council Goals
The budget supports department work plans designed to meet Council Goals.
Financial and/or Resource Considerations
Financial and/or resources considerations are detailed in the FY06 Proposed Budget Document and
Budget Committee Motions. A summary of the Budget Committee actions is provided in Attachment A.
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Budget Committee Recommendation
Budget Committee review consisted of five work sessions and one public hearing. Public comment was
also held at the beginning of all but the last work session. The public hearing on the budget proposal was
conducted on May 16, 2005. The Budget Committee recommendation consists of the City Manager's
Proposed Budget for FY06, with several amendments.
The Budget Committee recommendation, approved on May 18, 2005, is as follows:
The Budget Committee recommends to the City Council, acting as the Urban Renewal
Agency Board, an FY06 Budget for the Eugene Urban Renewal Agency that consists of
the City Manager's FY06 Proposed Budget, including the property tax levies and/or rates
contained therein, amended to reflect reserves for prior year encumbrances, funding for
prior year capital projects, if any, and the following amendment:
· Begin Cultural Services Comprehensive Plan in FY06. Use Urban Renewal Funds to
the extent possible and use the Facility Reserve to fill remaining expenditure authority.
Timing
Under the State Statute, a budget must be approved prior to July 1, 2005 and a copy of the adopting
resolution filed with the County Assessor by July 31, 2005.
The FY06 Proposed Budget document, Budget Committee packets, information distributed at Budget
Committee meetings, and Budget Committee motions are available on the City's website.
COUNCIL OPTIONS
According to ORS 294.435, the Urban Renewal Agency's governing body is limited to increasing
expenditures in a fund by no more than $5,000 or 10 percent, whichever is greater, of the Budget
Committee approved total in each or any fund. If a larger expenditure increase is desired, republishing
the budget and conducting a second public hearing is required. The Agency Board may reduce
revenues, move allocations within a fund and decrease expenditures; however all actions must result in a
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 a councilor makes a motion 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 adoption of the FY06 Urban Renewal Agency Budget as recommended
by the Budget Committee.
SUGGESTED MOTION
Move to adopt Resolution 1035 of the Urban Renewal Agency of the City of Eugene adopting the
budget and making appropriations for the fiscal year beginning July 1, 2005 and ending June 30, 2006.
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ATTACHMENTS
A. Summary of Budget Committee Changes to the Executive Budget Recommendation
B. Resolution Adopting the FY06 Urban Renewal Agency Budget
FOR MORE INFORMATION
Staff Contact: Kitty Murdoch
Telephone: 682-5860
Staff E-Mail: kitty.m.murdoch~ci.eugene.or.us
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Summary of Changes to the FY06 Executive Budget Recommendation
Urban Renewal Agency
FY06 < ......... Budget Committee Actions .........> FY06
Proposed Misc. Capital Budget Comm. Council ADOPTED
Fund / Department Budget Actions Carryover Notes Recommend. Action Notes BUDGET
~0 A. URAGeneral Fund
1. Planning and Development 265,797 265,797 265,797
2. Miscellaneous Fiscal Transactions 2,063,722 2,063,722 2,063,722
3. Balance Available 44,300 44,300 44,300
Total 2,373,819 0 0 2,373,819 0 2,373,819
~2 B. URA Debt Service Fund
1. Capital Projects 450,000 420,000 870,000 870,000
2. Interfund Transfers 265,797 265,797 265,797
3. Intergovernmental Expenditures 2,353,125 50,000 ~ 2,403,125 2,403,125
4. Reserve 2,500,000 2,500,000 2,500,000
5. Balance Available 3,127,585 (50,000) ~ 3,077,585 3,077,585
Total 8,696,507 0 420,000 9,116,507 0 9,116,507
~2~ C. URA Riverfront General Fund
1. Planning and Development 232,353 232,353 232,353
2. Intergovernmental Expenditures 11,413,000 12,500 ~ 11,425,500 11,425,500
3. Balance Available 685,411 (12,500) ~ 672,911 672,911
Total 12,330,764 0 0 12,330,764 0 12,330,764
~23 D. URA Riverfront Capital Projects Fund
1. Capital Projects 0 127,310 127,310 127,310
2. Intergovernmental Expenditures 400,000 400,000 400,000
3. Balance Available 15,600 15,600 15,600
Total 415,600 0 127,310 542,910 0 542,910
~TOTAL URA BUDGET 23,816,690 0 547,310 24,364,000 0 24,364,000
1 Transfer a total of $62,500 to the City of Eugene General Fund to fund work on the Cultural Services Comprehensive Plan in FY06.
Assumes the Urban Renewal District will fund 50% of the Cultural Services Comprehensive Plan in FY06. The Urban Renewal cost will
be split so that the Downtown District pays $50,000 and the Riverfront District pays $12,500.
ATTACHMENT B
RESOLUTION NO.
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE
CITY OF EUGENE ADOPTING THE BUDGET, MAKING
APPROPRIATIONS, AND DECLARING THE AMOUNT OF TAX TO BE
RECEIVED FOR THE FISCAL YEAR BEGINNING
JULY 1, 2005, AND ENDING JUNE 30, 2006.
The Urban Renewal Agency of the City of Eugene finds that adopting the budget and making
appropriations is necessary under ORS 294.305 to ORS 294.565.
NOW, THEREFORE,
BE IT RESOLVED by the Urban Renewal Agency of the City of Eugene, as follows:
Section 1. The budget for the Urban Renewal Agency of the City of Eugene for the Fiscal Year
beginning July 1, 2005, set forth in attached Exhibit "A" is hereby adopted.
Section 2. The amounts for the Fiscal Year beginning July 1, 2005, and for the purposes shown in
the attached Exhibit "A" are hereby appropriated.
Section 3. That the following be certified to the County Assessor of Lane County, Oregon:
The Downtown Plan Area is an Option One plan that shall receive the maximum amount of
revenue that may be raised by dividing the taxes under section lc, Article IX, of the Oregon
Constitution, and the remainder of authority shall be raised through the imposition of a
special levy at 100% of the maximum amount.
The Riverfront Plan Area shall receive the maximum amount of revenue that may be raised
by dividing the taxes under section lc, Article IX, of the Oregon Constitution. This plan shall
be certified under the "Window Plan" section of the certification form.
Section 4. That the City Recorder is hereby requested to certify the levies as herein made and set
forth to the County Assessor of Lane County, Oregon, and shall file with the County Assessor a
copy of the budget as finally adopted, and such other documents as required by ORS 294.555(3).
Section 5. The list of fund numbers and fund titles set forth in attached Exhibit "B" is hereby
adopted, and any fund numbers or fund titles in conflict herewith are hereby repealed.
The foregoing Resolution adopted this 13th day of June, 2005.
Director
Urban Renewal Agency
URA General Fund $$$
Department Operating
Planning and Development 265,797
Total Department Operating 265,797
Non-Departmental
Miscellaneous Fiscal Transactions 2,063,722
Balance Available 44,300
Total Non-Departmental 2,108,022
Total BRA General Fund 2,373,819
BRA Debt Sera. ice Fund
Total Capital Projects 870,000
Non-Departmental
I nterfu nd Transfers 265,797
Intergovernmental Expenditures 2,403, 125
Reserve 2,500,000
Balance Available 3,077,585
Total Non-Departmental 8,246,507
Total gnA Debt Service Fund 9,116,507
URA Riverfront General Fund $$$
Department Operating
Planning and Development 232,353
Total Department Operating 232,353
Non-Departmental
Intergovernmental Expenditures I I ,425,500
Balance Available 672,911
Total Non-Departmental I 2,098,41 I
Total URA Riverfront Fund 12,330,764
URA Riverfront Capital Projects Fund
Total Capital Projects 127,310
Non-Departmental
Intergovernmental Expenditures 400,000
Balance Available I 5,600
Total Non-Departmental 415,600
Total URA Riverfront Capital Projects Fund $42,910
Total Resolution 24,364,000
Exhibit B
Urban Renewal Agency
Reporting Fund* Manaclin_cl Fund Fund Titles
810 817 Urban Renewal Agency General Fund
812 812 Urban Renewal Agency Debt Service Fund
821 821 Riverfront General Fund
823 823 Riverfront Capital Projects Fund
*Urban Renewal Agency appropriates and reports to these combined funds.
Exhibit B - Page1