HomeMy WebLinkAboutItem 4: Urban Renewal Agency FY13 Budget
EURA
UGENE RBAN ENEWAL GENCY
AIS
GENDA TEM UMMARY
Public Hearing and Action: Resolution 1064 of the Urban Renewal Agency of the City of
Eugene Adopting the Budget, Making Appropriations, and Declaring the Amount of Tax
to be Certified for the Fiscal Year Beginning July 1, 2012, and Ending June 30, 2013
Meeting Date: May 21, 2012 Agenda Item Number: 4
Department: Central Services Staff Contact: Mia Cariaga
www.eugene-or.gov Contact Telephone Number: (541) 682-5408
ISSUE STATEMENT
This meeting is to conduct a public hearing and take action to adopt the fiscal year 2013 (FY13) budget
for the Eugene Urban Renewal Agency. Oregon Local Budget Law requires the Urban Renewal Agency
of the City of Eugene to conduct a public hearing to receive testimony on the FY13 Urban Renewal
Agency Annual Budget as approved by the Budget Committee on April 25, 2012. 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. ORS 294.305 to ORS
294.565 requires the Urban Renewal Agency Board to pass a resolution adopting the budget, making
appropriations, determining, levying and categorizing the annual ad valorem property taxes.
BACKGROUND
Financial and/or Resource Considerations
Financial and/or resources considerations are detailed in the FY13 Proposed Budget document.
Budget Committee Recommendation
Budget Committee review consisted of six work sessions. Public comment was received at three work
sessions. A public hearing on the FY13 proposed budget was conducted on April 18, 2012. The Budget
Committee recommendation, approved on April 25, 2012, is as follows:
Move that the Budget Committee recommend to the Eugene City Council, acting as the Urban
Renewal Agency Board of Directors, the FY13 Budget for the Eugene Urban Renewal Agency
that consists of the Agency Director’s FY13 Proposed Budget, including the property tax levies
and/or rates contained therein, amended to reflect appropriations for prior year capital projects.
Attachment A reconciles the proposed budget to the Budget Committee approved budget.
Timing
Under the Oregon Local Budget Law, the FY13 budget must be approved prior to July 1, 2012, and a
copy of the adopting resolution filed with the County Assessor by July 31, 2012.
S:\CMO\2012 Council Agendas\M120521\S1205214.doc
Other Background Information
The FY13 Proposed Budget document, Budget Committee packets, information distributed at Budget
Committee meetings, and Budget Committee motions are available on the City’s website at:
www.eugene-or.gov/budget.
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.
AGENCY BOARD OPTIONS
According to ORS 294.456, 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 members of the Urban Renewal Agency Board 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.
AGENCY DIRECTOR’S RECOMMENDATION
The Agency Director recommends adoption of the FY13 Urban Renewal Agency Budget as approved by
the Budget Committee.
SUGGESTED MOTION
Move to adopt Resolution 1064 of the Urban Renewal Agency of the City of Eugene adopting the
budget and making appropriations for the fiscal year beginning July 1, 2012, and ending June 30, 2013.
ATTACHMENTS
A. Summary of Changes to the FY13 Proposed Budget
B. Resolution Adopting the FY13 Urban Renewal Agency Budget
- Exhibit A - Fund Schedules
- Exhibit B - Fund Names
S:\CMO\2012 Council Agendas\M120521\S1205214.doc
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
S:\CMO\2012 Council Agendas\M120521\S1205214.doc
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, 2012 AND ENDING JUNE 30, 2013.
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, 2012 and ending June 30, 2013, set forth in attached Exhibit "A" is hereby
adopted.
Section 2. The amounts for the Fiscal Year beginning July 1, 2012 and ending June 30, 2013, 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 Section 3: Other Standard Rate Plans.
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 294.458.
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 21st day of May, 2012.
Director
Attachment B
(Exhibit A)
Urban Renewal Agency
Downtown General Fund$$$
Department Operating
Planning and Development360,000
Total Department Operating
360,000
Non-Departmental
Miscellaneous Fiscal Transactions140,237
Balance Available*60,000
Total Non-Departmental
200,237
Total Downtown General Fund560,237
Downtown Debt Service Fund
Non-Departmental
Debt Service2,484,593
Interfund Transfers360,000
Balance Available*138,549
Total Non-Departmental
2,983,142
Total Downtown Debt Service Fund2,983,142
Downtown Capital Projects Fund
Total Capital Projects
715,944
Non-Departmental
Interfund Transfers134,593
Balance Available*12,574
Total Non-Departmental
147,167
Total Downtown Capital Projects Fund863,111
Riverfront General Fund
Department Operating
Planning and Development250,401
Total Department Operating
250,401
Non-Departmental
Balance Available*5,838,153
Total Non-Departmental
5,838,153
Total Riverfront General Fund6,088,55
4
Urban Renewal Agency
Riverfront Capital Projects Fund
Total Capital Projects
141,500
Non-Departmental
Balance Available*22,623
Total Non-Departmental
22,623
Total Riverfront Capital Projects Fund164,12
3
Total Resolution10,659,16
7
* Balance Available amounts are not appropriated for spending and are shown for
information purposes only.
Attachment B
(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