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Home My WebLink AboutItem 2: FY10 Proposed Budget for the URA EURA UGENE RBAN ENEWAL GENCY AIS GENDA TEM UMMARY Public Hearing: Resolution 1052 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, 2009 and Ending June 30, 2010 Meeting Date: June 15, 2009 Agenda Item Number: 2 Department: Central Services Staff Contact: Kitty Murdoch www.eugene-or.gov 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 FY10 Urban Renewal Agency Annual Budget as recommended by the Budget Committee on May 20, 2009. 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, 2009, and ending June 30, 2010. BACKGROUND On May 20, 2009, the Budget Committee recommended that the City Council, acting as the Eugene Urban Renewal Agency Board of Directors, adopt an FY10 Budget for the Eugene Urban Renewal Agency that consists of the City Manager’s FY10 Proposed Budget with several changes. 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 and Priorities. Financial and/or Resource Considerations Financial and/or resources considerations are detailed in the FY10 Proposed Budget Document and Budget Committee Motions. A summary of the Budget Committee actions is provided in Attachment A. Budget Committee Recommendation Budget Committee review consisted of six work sessions and one public hearing on the City of Eugene and the Urban Renewal Agency budgets. Public comment was received at four of the work sessions and a separate public hearing on the budget proposal was conducted on May 18, 2009. Z:\CMO\2009 Council Agendas\M090615\S0906152.doc The Budget Committee recommendation was moved by Ms. Syrett and seconded by Ms. Solomon. It was unanimously approved on May 20, 2009: Move that the Budget Committee recommend to the Eugene City Council, acting as the Urban Renewal Agency Board of Directors, an FY10 Budget for the Eugene Urban Renewal Agency that consists of the City Manager’s FY10 Proposed Budget, including the property tax levies and/or rates contained therein, and amended to reflect appropriations for prior year encumbrances and prior year capital projects. Timing Under the State Statute, a budget must be approved prior to July 1, 2009, and a copy of the adopting resolution filed with the County Assessor by July 31, 2009. Other Background Information The FY10 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 of Directors 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 director 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 FY10 Urban Renewal Agency Budget as recommended by the Budget Committee. SUGGESTED MOTION Move to adopt Resolution 1052 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, 2009, and ending June 30, 2010. ATTACHMENTS A. Summary of Budget Committee Changes to the Executive Budget Recommendation B. Resolution Adopting the FY10 Urban Renewal Agency Budget Z:\CMO\2009 Council Agendas\M090615\S0906152.doc FOR MORE INFORMATION Staff Contact: Kitty Murdoch Telephone: 682-5860 Staff E-Mail: kitty.m.murdoch@ci.eugene.or.us Z:\CMO\2009 Council Agendas\M090615\S0906152.doc ûÈÈÛÙÔÏ×ÎÈû Summary of Changes to the FY10 Executive Budget Recommendation Urban Renewal Agency FY10<----- Budget Committee Actions -----> ProposedBudget Comm. Misc.Capital Fund / DepartmentBudgetRecommend. ActionsCarryover A.Downtown General Fund 1.Planning and Development972,00000972,000 2.Miscellaneous Fiscal Transactions9,049,156009,049,156 3.Balance Available50,0000050,000 Total10,071,1560010,071,156 B.Downtown Debt Service Fund 1.Interfund Transfers772,00000772,000 2.Intergovernmental Expenditures2,473,750002,473,750 3.Balance Available4,199,756004,199,756 Total7,445,506007,445,506 C.Downtown Capital Projects Fund 1.Capital Projects00138,153138,153 2.Balance Available48,2100048,210 Total48,2100138,153186,363 D.Riverfront General Fund 1.Planning and Development288,00000288,000 2.Balance Available3,079,487003,079,487 Total3,367,487003,367,487 E.Riverfront Capital Projects Fund 1.Capital Projects00210,918210,918 2.Balance Available13,4040013,404 Total13,4040210,918224,322 TOTAL URA BUDGET 20,945,7630349,07121,294,834 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, 2009 AND ENDING JUNE 30, 2010. 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 beginningJuly 1, 2009 set forth in attached Exhibit "A" is hereby adopted. Section 2. The amounts for the Fiscal Year beginning July 1, 2009 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 1c, Article IX, of the Oregon Constitution. The Riverfront Plan Area shall receive the maximum amount of revenue that may be raised by dividing the taxes under section 1c, 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 22nd day of June, 2009. Director EXHIBIT A Urban Renewal Agency Downtown General Fund$$$ Department Operating Planning and Development972,000 Total Department Operating 972,000 Non-Departmental Miscellaneous Fiscal Transactions9,049,156 Balance Available50,000 Total Non-Departmental 9,099,156 Total Downtown General Fund10,071,156 Downtown Debt Service Fund Non-Departmental Interfund Transfers772,000 Intergovernmental Expenditures2,473,750 Balance Available4,199,756 Total Non-Departmental 7,445,506 ,, TotalDowntownDebtServiceFund7445506 TotalDowntownDebtServiceFund7445506 Downtown Capital Projects Fund Total Capital Projects 138,153 Non-Departmental Balance Available48,210 Total Non-Departmental 48,210 Total Downtown Capital Projects Fund186,363 Riverfront General Fund Department Operating Planning and Development288,000 Total Department Operating 288,000 Non-Departmental Balance Available3,079,487 Total Non-Departmental 3,079,487 Total Riverfront General Fund3,367,487 EXHIBIT A Urban Renewal Agency Riverfront Capital Projects Fund$$$ Total Capital Projects 210,918 Non-Departmental Balance Available13,404 Total Non-Departmental 13,404 Total Riverfront Capital Projects Fund224,322 Total Resolution21,294,834 Exhibit B Urban Renewal Agency Reporting FundManaging FundFund Titles 817817Downtown General Fund 812812Downtown Debt Service Fund 813813Downtown Capital Projects Fund 821821Riverfront General Fund 823823Riverfront Capital Projects Fund