HomeMy WebLinkAboutItem 5 - PH/Action URA FY05 BgtEUGENE URBAN RENEWAL AGENCY
AGENDA ITEM SUMMARY
Public Hearing and Action: Resolution 1031 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, 2004 and Ending June 30, 2005
Meeting Date: June 28, 2004 Agenda Item Number: 5
Department: Central Services Staff Contact: Kitty Murdoch
www. cl. euget~e, or. us Contact Telephone Number: 682-5860
AGENDA ITEM SUMMARY
The purpose of the public hearing is to receive citizen testimony on the Budget Committee's
recommendation to the City Council regarding the FY05 Urban Renewal Agency Budget and gain
approval of a resolution of the Urban Renewal Agency of the City of Eugene adopting the budget and
making appropriations for the Fiscal Year beginning July 1, 2004 and ending June 30, 2005.
BACKGROUND
Council Action History
On May 19, 2004, the Budget Committee recommended that the City Council, acting as the Urban
Renewal Agency Board, adopt a FY05 Budget for the Eugene Urban Renewal Agency that consists of
the City Manager's FY05 Proposed Budget amended to reflect funding for prior year capital projects.
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 resource considerations are detailed in the FY05 Proposed Budget Document and
Budget Committee Motions. A summary of the Budget Committee actions is provided in Attachment A.
Other Background Information
The FY05 Proposed Budget document, Budget Committee packets, information distributed at Budget
Committee meetings, and Budget Committee motions are available on the City's website.
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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 17, 2004. The Budget Committee recommendation consists of the City Manager's
Proposed Budget for FY05, with several amendments.
The Budget Committee recommendation, approved on May 19, 2004, is as follows:
Move that the Budget Committee recommend to the City Council, acting as the Urban
Renewal Agency Board a FY05 Budget for the Eugene Urban Renewal Agency that
consist; of the City Manager's FY05 Proposed Budget amended to reflect reserves for prior
year encumbrances, fundingfor prior year capital projects, if any, and the following
amendment; (no Budget Committee amendment,').
Timing
Under the State statute, a budget must be approved prior to July 1, 2004, and a jurisdiction must elect to
receive State Revenue Sharing funds and file a copy of the resolution or ordinance with the State of
Oregon by July 31, 2004.
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 board may reduce revenues, move
allocations within a fund and may 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 motion to amend the budget resolutions is made, 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.
STAFF RECOMMENDATION
Staff recommends adoption of the Budget Committee's recommendation regarding the FY05 Urban
Renewal Agency Budget.
SUGGESTED MOTION
Move to adopt Resolution 1031 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, 2004 and ending June 30, 2005.
ATTACHMENTS
A. Summary of Budget Committee Changes to the Executive Budget Recommendation
B. Resolution Adopting the FY05 Urban Renewal Agency Budget
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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 FY05 Executive Budget Recommendation
Urban Renewal Agency
FY05 < ........ Budget Committee Actions ...... > FY05
Proposed Misc. Capital Budget Comm. Council ADOPTED
Fundl Department Budget Actions Carryover Notes Recommend. Action Notes BUDGET
A. URA General Fund
1. Planning and Development 271,964 271,964 271,964
2. Miscellaneous Fiscal Transactions 1,417,817 1,417,817 1,417,817
3. Balance Available 45,330 45,330 45,330
Total 1,735,111 0 0 1,735,111 0 1,735,111
B. URA Debt Service Fund
1. Interfund Transfers 271,964 271,964 271,964
2. Intergovernmental Expenditures 2,345,000 2,345,000 2,345,000
3. Reserve 4,501,038 4,501,038 4,501,038
Total 7,118,002 0 0 7,118,002 0 7,118,002
C. URA Riverfront General Fund
1. Planning and Development 119,757 119,757 119,757
2. Interfund Transfers 448,750 448,750 448,750
Total 568,507 0 0 568,507 0 568,507
D. URA Riverfront Capital Projects Fund
1. Capital Projects 747,960 747,960 747,960
2. Debt Service 2,636,350 2,636,350 2,636,350
3. Balance Available 18,802 18,802 18,802
Total 2,655,152 0 747,960 3,403,112 0 3,403,112
ITOTAL URA BUDGET 12,076,772 0 747,960 12,824,732 0 12,824,732
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, 2004, AND ENDING JUNE 30, 2005.
The Urban Renewal Agency of the City o£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, 2004, set forth in attached Exhibit "A" is hereby adopted.
Section 2. The amounts for the Fiscal Year beginning July 1, 2004 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.
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 28th day of June, 2004.
Director
EXHIBIT A
Urban Renewal Agency
URA General Fund ~$$
Department Operating
Planning and Development 271,964
Total Department Operating 271,964
Non-Departmental
Miscellaneous Fiscal Transactions 1,417,817
Balance Available 45,330
Total Non-Departmental 1,463,147
T tal URA General Fund 1,735,111
URA Debt Service Fund
Department Operating
Non-Departmental
Interfund Transfers 271,964
Intergovernmental Expenditures 2,345,000
Reserve 4,501,038
Total Non-Departmental 7,118,002
Total URA Debt Service Fund 7,118,002
URA Riverfront General Fund
Department Operating
Planning and Development 119,757
Total Department Operating 119,757
Non-D partmental
lnterfund Transfers 448,750
T tal N n-Departmental 448,750
Total URA Riverfront Fund 568,507
URA Riverfront Capital Proiects Fund
Total Capital Projects 747,960
Non-Departmental
Debt Service 2,636,350
Balance Available 18,802
Total Non-Departmental 2,655,152
Total URA Riverfront Capital Projects Fund 3,403,112
T tal Resolution 12,824,732
Exhibit B
Urban Renewal Agency
Reportin,q Fund* Mana,qinq 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