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HomeMy WebLinkAboutItem 1: Resolutions Adopting FY11 Budget ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing: A Resolution Adopting the Budget, Making Appropriations, Determining, Levying and Categorizing the Annual Ad Valorem Property Tax Levy for the City of Eugene for the Fiscal Year Beginning July 1, 2010 and Ending June 30, 2011; a Resolution Electing to Receive State Revenue Sharing Funds Pursuant to Section 221.770 of Oregon Revised Statutes; and a Resolution Certifying that the City of Eugene Provides the Municipal Services Required by Oregon Revised Statues Section 221.760 in Order to Receive State Shared Revenues Meeting Date: June 21, 2010 Agenda Item Number: 1 Department: Central Services Staff Contact: Mia Cariaga www.eugene-or.gov Contact Telephone Number: (541) 682-5408 ISSUE STATEMENT This meeting is a public hearing with no action required. Oregon Local Budget Law requires the City to conduct a public hearing to hear testimony on the FY11 City of Eugene Annual Budget as recommended by the Budget Committee and on the proposed uses of State Revenue Sharing funds. Resolutions electing to receive State Revenue Sharing and certifying that the City of Eugene provides municipal services required for receipt of state-shared revenues are also required in order to continue receiving those state funds. Finally, ORS 294.434 requires the City Council to pass a resolution adopting the budget, making appropriations, determining, levying and categorizing the annual ad valorem property. Council is scheduled to take final action on the FY11 budget on June 28, 2010. BACKGROUND Council Action History The City Council has consistently met the requirement of Oregon Local Budget Law which requires that a jurisdiction adopt an annual budget by June 30 of each year. If a jurisdiction elects to receive State Revenue Sharing funds, it must hold a public hearing on the proposed uses of the funds and adopt resolutions or ordinances electing to receive the funds and certifying that the city provides qualifying municipal services. Financial and/or Resource Considerations Financial and/or resources considerations are detailed in the FY11 Proposed Budget document and Budget Committee motions. A summary of the Budget Committee actions is provided in Attachment A. State Revenue Sharing The FY11 estimated revenue from State Revenue Sharing is $1,291,000. The funds will be used to support General Fund services. Budget Committee Recommendation Budget Committee review consisted of six work sessions and one public hearing. Public comment was received at five work sessions. A public hearing on the budget proposal was conducted on May 17, 2010. The Budget Committee recommendation consists of the City Manager’s Proposed Budget for FY11, with several amendments. The Budget Committee recommendation, approved on May 19, 2010, is as follows: Ms. Syrett moved that the Budget Committee recommend to the Eugene City Council a FY11 budget for the City of Eugene that consists of the City Manager’s FY11 Proposed Budget, including the property tax levies and/or rates contained therein, amended to reflect appropriations for prior year encumbrances and prior year capital projects, and the amendments to the budget which have been approved by the Budget Committee. The motion passed 11-3. A summary of the Budget Committee’s recommended changes to the City Manager’s Budget are shown below. All motions considered and the committee votes are shown in Attachment B. Attachment A reconciles the recommended budget to the proposed budget. General Fund Recommendations Central Services Department: ? Restore $100,000 to Animal Control budget for contract with Lane County Animal Services. Offset by delayed implementation of a CAHOOTS van to be purchased and put in to operation in FY11. Library, Recreation and Cultural Services Department: ? Restore $8,000 to Aquatics budget associated with four week delayed opening of Amazon Pool. Public Works Department: ? Reduce Contingency by $50,000 on going for the Hendricks Park forest management contract ($30,000) and maintenance of Creekside Park once developed ($20,000). Planning and Development Department: ? No recommended changes to the FY11 proposed budget. Fire and Emergency Medical Services Department: ? No recommended changes to FY11 proposed budget. Police Department: ? No recommended changes to the FY11 proposed budget. The Budget Committee also made several recommendations that do not affect the FY11 proposed budget. Those recommendations are included in Attachment B. Timing Under the state statute, a budget must be approved prior to July 1, 2010 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, 2010. Other Background Information The FY11 Proposed Budget document, Budget Committee packets, information distributed at Budget Committee meetings, and Budget Committee motions are available on the City’s website. RELATED CITY POLICIES Council Goals The budget supports department work plans designed to further Council Goals and Priorities. Financial Management Goals and Policies The budget was prepared following guidelines established in the Financial Management Goals and Policies. COUNCIL OPTIONS According to ORS 294.435, the City Council is limited to increasing expenditures in a fund by no more than $5,000 or 10 percent, whichever is greater, of the Budget Committee’s approved total in each or any fund. If a larger expenditure increase is desired, republishing the budget summary in the local newspaper and conducting a second public hearing is required. The City Council 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 members of the council wish 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 proposes the following changes to the FY11 City of Eugene Budget approved by the Budget Committee due to the recent adoption of the Downtown Urban Renewal Plan amendment by the Eugene City Council: ? Receive an intergovernmental payment of $740,000 from the Urban Renewal Agency (URA) to the City’s Parking Fund to use for Broadway Parking Garage debt service; ? Transfer $740,000 from the Parking Fund to the Police Department’s General Fund operating budget for downtown public safety enhancements. The City Manager recommends passage of the two state revenue sharing resolutions and the resolution adopting the Budget Committee’s recommended budget for the City of Eugene including the changes associated with the Urban Renewal Plan Amendment. The City published a legal advertisement reflecting the budget changes associated with the Urban Renewal Plan Amendment because they are in excess of the 10% limit outlined in ORS 294.435. SUGGESTED MOTIONS No motions are needed at this public hearing. The motions to be considered by council at the June 28 meeting to adopt the budget are: Move to approve the attached resolution electing to receive state revenue sharing funds pursuant to Section 221.770 of Oregon Revised Statutes. Move to approve the attached resolution certifying that the City of Eugene provides the municipal services required by Oregon Revised Statues Section 221.760. Move to include the City Manager’s recommended changes to the budget for the Downtown Urban Renewal Plan amendment. Move to approve the attached resolution adopting the budget, making appropriations, determining, levying and categorizing the annual ad valorem property tax levy for the City of Eugene for the fiscal year beginning July 1, 2010 and ending June 30, 2011. ATTACHMENTS A.Summary of Budget Committee Changes to the Executive Budget Recommendation and City Manager’s Recommended Budget Changes Associated with Urban Renewal Plan Amendment B. Budget Committee Motions to Amend the FY11 Proposed Budget C. Resolution Electing to Receive State Revenue Sharing D. Resolution Certifying Municipal Services Provided E. Resolution Adopting the FY11 City of Eugene Budget - Exhibits A - Fund Schedules - Exhibit B – Fund Names - Exhibit C - Interfund Loans FOR MORE INFORMATION Staff Contact: Mia Cariaga Telephone: (541) 682-5408 Staff E-Mail: mia.cariaga@ci.eugene.or.us OR Staff Contact: Pavel Gubanikhin Telephone: (541) 682-5512 Staff E-Mail: pavel.e.gubanikhin@ci.eugene.or.us ûÈÈÛÙÔÏ×ÎÈù RESOLUTION NO. _____ A RESOLUTION ELECTING TO RECEIVE STATE REVENUE SHARING FUNDS PURSUANT TO SECTION 221.770 OF OREGON REVISED STATUTES BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal Corporation of the State of Oregon, as follows: Section 1. The City of Eugene, Oregon, for the fiscal year ending June 30, 2011, elects to receive distribution of funds from State Revenue Sharing pursuant to Oregon Revised Statutes Section 221.770. Section 2. The Finance Director is hereby requested to file a copy of this Resolution with the Department of Administrative Services of the State of Oregon as prescribed by Oregon Revised Statutes Section 221.770. The foregoing Resolution adopted the 28th day of June, 2010. ____________________________ City Recorder ûÈÈÛÙÔÏ×ÎÈø RESOLUTION NO. _____ A RESOLUTION CERTIFYING THAT THE CITY OF EUGENE PROVIDES THE MUNICIPAL SERVICES REQUIRED BY OREGON REVISED STATUTES SECTION 221.760 IN ORDER TO RECEIVE STATE SHARED REVENUES. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal Corporation of the State of Oregon, as follows: Section 1. The City of Eugene, Oregon, recognizes the desirability of assisting the State officer responsible for determining the eligibility of cities to receive State Shared Revenues under Oregon Revised Statutes Sections 323.455, 366.785 to 366.820, and 471.805. Section 2. The City of Eugene, Oregon, declares its eligibility to receive such funds as a city located within a county having more than 100,000 inhabitants that provides four or more of the following municipal services, as required in Oregon Revised Statutes Subsection 221.760(1): (a) Police Protection (b) Fire Protection (c) Street Construction, Maintenance, and Lighting (d) Sanitary Sewers (e) Storm Sewers (f) Planning, Zoning, and Subdivision Control The foregoing Resolution adopted the 28th day of June, 2010. ____________________________ City Recorder ûÈÈÛÙÔÏ×ÎÈ÷ RESOLUTION NO.____ A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, DETERMINING, LEVYING AND CATEGORIZING THE ANNUAL AD VALOREM PROPERTY TAX LEVY FOR THE CITY OF EUGENE FOR THE FISCAL YEAR BEGINNING JULY 1, 2010, AND ENDING JUNE 30, 2011 The City Council of the City of Eugene finds that Adopting the Budget and Making Appropriations is necessary under ORS 294.305 to 294.565. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal Corporation of the State of Oregon, as follows: Section 1. That the budget for the City of Eugene, Oregon, for the year commencing July 1, 2010 and ending June 30, 2011, as set forth in attached Exhibit "A" is hereby Adopted. Section 2. That the City Council of the City of Eugene, Oregon makes Appropriations for the purposes as set forth in attached Exhibit "A" and authorizes the interfund loans described in Exhibit "C". Section 3. That a total levy in the amount of $7.0058 per $1,000 of Assessed Value be made against all taxable property within the City of Eugene in general and a Library Local Option Levy of $2,687,500 and a Bonded Debt Levy of $14,090,462 for the purpose of deriving funds necessary to carry on the different programs and to meet the expenses of the government of the City of Eugene for the fiscal year beginning July 1, 2010, and ending June 30, 2011; and to create and provide sinking funds and interest funds for the various outstanding bonds and obligations of the City. Section 4. That the following allocation and categorization subject to the limits of section 11b, Article XI of the Oregon Constitution constitute the above levy: Subject to the General Excluded from Government Limitation the Limitation General Fund $7.0058 per $1,000 of Assessed Value $0 Library Local Option Levy $2,687,500 $0 Bonded Debt Fund $0 $14,090,462 Section 5. 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 6. That the list of fund titles and numbers set forth in attached Exhibit "B" is hereby adopted, and any fund numbers and fund titles in conflict herewith are hereby repealed. The foregoing Resolution adopted this 28th day of June, 2010. City Recorder EXHIBIT A City of Eugene General Fund$$$ Department Operating Central Services22,534,668 Fire and Emergency Medical Services24,639,428 Library, Recreation & Cultural Services21,703,613 Planning and Development6,123,327 Police 40,615,918 Public Works6,257,172 Total Department Operating 121,874,126 Non-Departmental Debt Service245,000 Interfund Transfers4,923,704 Intergovernmental Expenditures550,000 Contingency100,000 Reserve*14,175,280 Unappropriated Ending Fund Balance*20,153,224 Total Non-Departmental 40,147,208 Total General Fund162,021,33 4 Special Assessment Management Fund Department Operating Central Services85,110 Total Department Operating 85,110 Non-Departmental Interfund Transfers153,000 Misc. Fiscal Transactions120,000 Reserve* 50,000 Balance Available*1,216,027 Total Non-Departmental 1,539,027 Total Special Assessment Management Fun 1,624,137 d Library Local Option Levy Fund Department Operating Library, Recreation and Cultural Services2,913,800 Total Department Operating 2,913,800 Non-Departmental Reserve* 151,939 Total Non-Departmental 151,939 Total Library Local Option Levy Fun 3,065,739 d Road Fund$$$ Department Operating Public Works9,460,364 Total Department Operating 9,460,364 Non-Departmental Interfund Transfers751,000 Balance Available*748,851 Total Non-Departmental 1,499,851 Total Road Fund10,960,21 5 Public Safety Answering Point Fund Department Operating Police 2,606,512 Total Department Operating 2,606,512 Non-Departmental Interfund Transfers150,000 Total Non-Departmental 150,000 Total Public Safety Answering Point Fun 2,756,512 d Telecommunications Registration/Licensing Fund Department Operating Central Services3,565,725 Total Department Operating 3,565,725 Total Capital Projects 159,091 Non-Departmental Interfund Transfers1,387,000 Reserve* 485,000 Balance Available*651,689 Total Non-Departmental 2,523,689 Total Telecommunications Registration/Licensing Fun 6,248,505 d Construction & Rental Housing Fund Department Operating Fire and Emergency Medical Services285,022 Planning and Development4,852,845 Public Works400,974 Total Department Operating 5,538,841 Non-Departmental Interfund Transfers793,000 Intergovernmental Expenditures500,000 Balance Available*767,571 Total Non-Departmental 2,060,571 Total Construction & Rental Housing Fun 7,599,412 d Solid Waste/Recycling Fund$$$ Department Operating Planning and Development744,213 Total Department Operating 744,213 Non-Departmental Interfund Transfers50,000 Balance Available*546,868 Total Non-Departmental 596,868 Total Solid Waste/Recycling Fun 1,341,081 d Community Development Fund Department Operating Central Services6,000 Planning and Development3,618,486 Total Department Operating 3,624,486 Total Capital Projects 734,240 Non-Departmental Debt Service400,000 Interfund Transfers115,000 Intergovernmental Expenditures6,504,000 Miscellaneous Fiscal Transactions5,269,146 Reserve* 600,000 Total Non-Departmental 12,888,146 Total Community Development Fun 17,246,872 d Library, Parks and Recreation Special Revenue Fund Department Operating Library, Recreation & Cultural Services319,442 Total Department Operating 319,442 Total Capital Projects 522,881 Non-Departmental Reserve* 2,031,977 Balance Available*80,684 Total Non-Departmental 2,112,661 Total Library, Parks and Recreation Special Revenue Fun 2,954,98 d4 General Obligation Debt Service Fund Non-Departmental Debt Service13,303,808 Total Non-Departmental 13,303,808 Total General Obligation Debt Service Fun 13,303,808 d Library Bond Debt Service Fund$$$ Non-Departmental Interfund Transfers39,852 Total Non-Departmental 39,852 Total Library Bond Debt Service Fun 39,852 d Special Assessment Bond Debt Service Fund Non-Departmental Debt Service400,000 Interfund Transfers20,000 Reserve* 404,746 Total Non-Departmental 824,746 Total Special Assessment Bond Debt Service Fun 824,746 d General Capital Projects Fund Department Operating Central Services10,000 Total Department Operating 10,000 Total Capital Projects 23,232,044 Non-Departmental Debt Service 50,000 Reserve* 29,000 Balance Available*257,361 Total Non-Departmental 336,361 Total General Capital Projects Fun 23,578,40 d5 Systems Development Capital Projects Fund Department Operating Planning and Development83,904 Public Works273,322 Total Department Operating 357,226 Total Capital Projects 4,919,700 Non-Departmental Interfund Transfers15,000 Balance Available*2,165,941 Total Non-Departmental 2,180,941 Total Systems Development Capital Projects Fun 7,457,867 d Transportation Capital Projects Fund Total Capital Projects 31,582,280 Non-Departmental Debt Service 40,000 Balance Available*453,906 Total Non-Departmental 493,906 Total Transportation Capital Fun 32,076,186 d Special Assessments Capital Projects Fund$$$ Total Capital Projects 2,178,761 Non-Departmental Debt Service2,000,000 Interfund Transfers100,000 Balance Available*675,653 Total Non-Departmental 2,775,653 Total Special Assessments Capital Projects Fun 4,954,41 d4 Municipal Airport Fund Department Operating Fire and Emergency Medical Services737,307 Police 384,422 Public Works5,110,292 Total Department Operating 6,232,021 Total Capital Projects 19,897,615 Non-Departmental Interfund Transfers483,000 Reserve* 3,215,341 Balance Available*3,307,278 Total Non-Departmental 7,005,619 Total Municipal Airport Fun 33,135,25 d5 Parking Services Fund Department Operating Central Services354,120 Planning and Development3,390,833 Public Works23,615 Total Department Operating 3,768,568 Total Capital Projects 1,290,000 Non-Departmental Debt Service740,507 Interfund Transfers2,124,300 Reserve* 3,817 Balance Available*479,382 Total Non-Departmental 3,348,006 Total Parking Services Fun 8,406,57 d4 Wastewater Utility Fund Department Operating Public Works17,985,946 Total Department Operating 17,985,946 Total Capital Projects 3,983,820 Non-Departmental Interfund Transfers1,409,000 Intergovernmental Expenditures21,155,000 Balance Available*578,645 Total Non-Departmental 23,142,645 Total Wastewater Utility Fun 45,112,411 d Stormwater Utility Fund$$$ Department Operating Public Works12,093,600 Total Department Operating 12,093,600 Total Capital Projects 7,549,877 Non-Departmental Interfund Transfers883,000 Intergovernmental Expenditures15,000 Reserve* 161,800 Balance Available*2,412,583 Total Non-Departmental 3,472,383 Total Stormwater Utility Fund23,115,860 Ambulance Transport Fund Department Operating Fire and Emergency Medical Services5,902,633 Total Department Operating 5,902,633 Non-Departmental Interfund Transfers895,615 Balance Available*122,709 Total Non-Departmental 1,018,324 Total Ambulance Transport Fun 6,920,957 d Fleet Services Fund Department Operating Police 807,615 Public Works7,432,240 Total Department Operating 8,239,855 Total Capital Projects 21,433 Non-Departmental Interfund Transfers419,000 Reserve*14,213,763 Balance Available*531,107 Total Non-Departmental 15,163,870 Total Fleet Services Fun 23,425,158 d Information Systems and Services Fund Department Operating Central Services6,477,742 Total Department Operating 6,477,742 Non-Departmental Interfund Transfers261,000 Reserve* 1,749,600 Balance Available*757,077 Total Non-Departmental 2,767,677 Total Information Systems and Services Fun 9,245,419 d Facilities Services Fund$$$ Department Operating Central Services8,210,586 Planning and Development276,455 Total Department Operating 8,487,041 Total Capital Projects 358,123 Non-Departmental Debt Service201,708 Interfund Transfers483,000 Reserve*22,917,010 Balance Available*1,801,912 Total Non-Departmental 25,403,630 Total Facilities Services Fun 34,248,79 d4 Risk and Benefits Fund Department Operating Central Services27,419,436 Total Department Operating 27,419,436 Non-Departmental Debt Service4,754,500 Interfund Transfers158,000 Reserve* 6,593,309 Total Non-Departmental 11,505,809 Total Risk and Benefits Fun 38,925,24 d5 Professional Services Fund Department Operating Public Works5,325,930 Total Department Operating 5,325,930 Non-Departmental Interfund Transfers538,000 Reserve* 180,000 Balance Available*1,361,531 Total Non-Departmental 2,079,531 Total Professional Services Fun 7,405,461 d Total Resolution527,995,203 * Reserves, Balance Available, and Unappropriated Ending Fund Balance amounts are not appropriated for spending and are shown for information purposes only. Exhibit B City of Eugene Reporting Fund*Managing FundFund Titles 010(011 - 041)General Fund Reporting Fund 011GeneralFundSubfund 011GeneralFundSubfund 022AIRS Conversion Project Fund 031Cultural Services Fund 041Equipment Replacement Fund 110(114 - 118)Special Assessment Management Reporting Fund 114Local Improvement Assistance Fund 115Assessment Management Fund 117City Sewer Deferral Fund 118Street Subsid Proram Fund yg 118StreetSubsidyProgramFund 111111Library Local Option Levy Fund 131131Road Fund 132132Public Safety Answering Point Fund 135135Telecommunications Registration/Licensing Fund 150(151-152)Construction and Rental Housing Reporting Fund 151Construction Permits Fund 152Rental Housing Program Fund 155155Solid Waste/Recclin Fund yg 155155SolidWaste/RecyclingFund 170(171 - 178)Community Development Reporting Fund 171Community Development Block Grant Fund 172CDBG-108/Brownfields Economic Development Initiative Fund 174Historic Preservation Loan Fund 175Low Income Housing Fund 176Community Revitalization Loan Fund 177CDBG Loan Program Revolving Fund 178HOME Fund 180(181 - 187)Library, Parks & Recreation Fund 181Library Miscellaneous Trust Fund 185Parks & Recreation Miscellaneous Trust Fund 186Hayes Trust Fund 187Parks Maintenance Fund 211211General Obligation Debt Service Fund 221221Library Bond Debt Service Fund 250(251 - 278)Special Assessment Bond Debt Service Reporting Fund 251In-City Assessment Bond Reserve Fund 277Special Assessment Bond Series 2006 Fund 278Special Assessment Bond Series 2007 Fund 310(311 - 324)General Capital Projects Reporting Fund 311General Capital Projects Fund 314Housing Capital Projects Fund 319Public Art Fund 321Parks/Open Space Capital Project Fund 323City Hall Replacement Fund 323CitHllRltFd 3242006 PROS Bond Fund *City of Eugene appropriates and reports to these combined funds. Exhibit B City of Eugene Reporting Fund*Managing FundFund Titles 330(332 - 336)Systems Development Capital Projects Reporting Fund 332SystemsDevelopmentCapitalAdministrationFund 332SystemsDevelopmentCapitalAdministrationFund 333Transportation Systems Development Capital Projects Fund 334Wastewater Systems Development Capital Projects Fund 335Stormwater Systems Development Capital Projects Fund 336Parks Systems Development Capital Projects Fund 340(341-343)Transportation Capital Reporting Fund 341Road General Capital Fund 342Pavement Preservation Program Fund 3432008 Street Bond Fund 3432008StreetBondFund 350(351 - 352)Special Assessment Capital Projects Reporting Fund 351Special Assessment Capital Fund 352Delayed Assessments Fund 510(511 - 512)Municipal Airport Reporting Fund 511Airport Fund 512Airport Construction Fund 520(522 - 529)Parking Services Reporting Fund 522Parcade Parkin Fund g 522ParcadeParkingFund 523Performing Arts Parking Fund 524Overpark Parking Operations Fund 525Parking Operations Fund 526Pearl Street Garage Fund 527Broadway & Charnelton Garage Fund 528Broadway Garage Debt Service Fund 529Parking Lots Fund 530(532 - 534)Wastewater Utility Reporting Fund ()ypg 532Wastewater Utility - Capital Fund 533Wastewater Utility - Regional Fund 534Wastewater Utility - Local Fund 539(531, 535, 536)Stormwater Utility Reporting Fund 531Stormwater Utility - Capital Fund 535Stormwater Utility - Operation Fund 536Wetlands Mitigation Bank Fund 592592Ambulance Transport Fund 600(616, 619, 688)Fleet Services Reporting Fund 616Fleet Replacement and Acquisition Fund 619Fleet Service Fund 688Regional Radio System Fund 610(611 - 613)Information Systems and Services Reporting Fund 611Information Systems & Services Fund 613Central Business Software Fund 615(614, 617, 618, 635)Facilities Services Reporting Fund 614Facilities Replacement Fund 614FilitiRltFd 617Atrium Fund 618Facilities Maintenance Fund 635Facilities Professional Services Fund 620(622 - 625)Risk and Benefits Reporting Fund 622Risk Management Fund 623Employee Health and Benefits Fund 624Pension Bond Fund erosmpoymenenesun 625OtherPostEmploymentBenefits(OPEB)Fund 625OthPtEltBfit(OPEB)Fd 630(631,632)Professional Services Reporting Fund 631Professional Services Fund 632Parks & Open Space and Maintenance Professional Services Fund *City of Eugene appropriates and reports to these combined funds. EXHIBIT C FY11 INTERFUND LOANS INCLUDED IN THE BUDGET COMMITTEE’S FY11 BUDGET RECOMMENDATION In compliance with ORS 294.460 and the City of Eugene Financial Management Goals and Policies, the FY11 Budget Recommendation and the Resolution Appropriating the Budget authorize the following new interfund loan(s): OPERATING INTERFUND LOANS The FY11 recommended budget contains no new operating interfund loans.