HomeMy WebLinkAboutItem 5: FY14 URA Proposed Budget
EURA
UGENE RBAN ENEWAL GENCY
AIS
GENDA TEM UMMARY
Public Hearing and Action: 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 Certified
for the Fiscal Year Beginning July 1, 2013 and Ending June 30, 2014
Meeting Date: June 24, 2013 Agenda Item Number: 5
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 2013-2014
(FY14) budget for the Urban Renewal Agency (URA) of the City of Eugene. Oregon Local Budget
Law requires the URA Board of Directors to conduct a public hearing to receive testimony on the
FY14 URA budget as approved by the Budget Committee. ORS 294.456 requires the URA Board of
Directors to pass a resolution adopting the budget, making appropriations, determining, levying
and categorizing the ad valorem property taxes for the next fiscal year.
BACKGROUND
Financial and Resource Considerations
Financial and resource considerations are detailed in the FY14 URA Proposed Budget document
and in the Budget Committee meeting materials, which are available at www.eugene-
or.gov/budgetcommittee.
Budget Committee Recommendation
Budget Committee review of the FY14 URA budget consisted of five meetings held on May 23, May
28, May 30, June 3 and June 5, 2013. Public comment was received at three of the Budget
Committee meetings. A Budget Committee public hearing on the FY14 budget was conducted on
June 5, 2013.
The Budget Committee’s final recommendation on the FY14 URA budget, approved on June 5,
2013, is as follows:
“Move that the Budget Committee recommend to the Eugene City Council, acting as the Urban
Renewal Agency Board of Directors, the FY14 Budget for the Eugene Urban Renewal Agency
that consists of the City Manager's FY14 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.” This motion passed 16-0.
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A summary of the Budget Committee changes to the FY14 URA Proposed Budget is provided in
Attachment A.
Timing
Under the Oregon Local Budget Law, the FY14 URA budget must be adopted by June 30, 2013, and
a copy of the adopting resolution must be filed with the Lane County Assessor by July 15, 2013.
Other Background Information
The FY14 Proposed Budget document, Budget Committee meeting materials, and Budget
Committee FY14 budget motions are available on the City’s website at www.eugene-
or.gov/budget.
RELATED CITY POLICIES
The FY14 URA budget was prepared following guidelines established in the Financial Management
Goals and Policies.
URA BOARD OF DIRECTORS OPTIONS
After the public hearing on the FY14 budget as approved by the Budget Committee has been held,
the URA Board of Directors may make changes to the FY14 budget.
The board may reduce budgeted appropriations in any fund by any amount, as long as resources
and requirements remain in balance. No additional process steps are required when
appropriations are reduced by the URA Board of Directors.
Budgeted appropriations may also be increased by the board. If the total appropriation increase
in any of the reporting funds is less than $5,000 or 10 percent of the fund’s appropriations as
approved by the Budget Committee, whichever is greater, then no additional process steps are
required. However, if the appropriations in any fund are increased by more than those limits, the
URA Board of Directors must publish a revised budget notice and hold another public hearing
before the adjusted budget can be adopted. Due to the timing requirements associated with the
budget notice publication, the last option would effectively preclude the adoption of the FY14
budget by June 30, 2013, which would constitute a violation of the Oregon Local Budget Law.
If members of the URA Board of Directors wish to amend the FY14 budget resolution, the motion
must contain 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.
URA DIRECTOR’S RECOMMENDATION
The Agency Director recommends adoption of the FY14 URA budget as approved by the Budget
Committee.
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SUGGESTED MOTION
Move to approve 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, 2013, and ending June 30,
2014.
ATTACHMENTS
A. Summary of Changes to the FY14 Proposed Budget
B. Resolution Adopting the FY14 Urban Renewal Agency Budget
- Exhibit A - Fund Schedules
- Exhibit B - Fund Names
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\2013 Council Agendas\M130624\S1306245.doc
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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 BERECEIVED
FOR THE FISCAL YEAR BEGINNING JULY 1, 2013 AND ENDING JUNE 30, 2014.
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, 2013 and ending June 30, 2014, set forth in
attached Exhibit "A" is hereby adopted.
Section 2. The amounts for the Fiscal Year beginning July 1, 2013 and ending
June 30, 2014, 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 of Eugene Finance Director 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 24th day of June, 2013.
Director
Attachment B
(Exhibit A)
Urban Renewal Agency of the City of Eugene
Downtown General Fund$
Department Operating
Planning and Development 205,000
Total Department Operating 205,000
Non-Departmental
Miscellaneous Fiscal Transaction 366,000
Balance Available* 35,000
Total Non-Departmental 401,000
Total Downtown General Fund 606,000
Downtown Debt Service Fund
Non-Departmental
Debt Service1,648,400
Interfund Transfers 205,000
Balance Available* 748,498
Total Non-Departmental 2,601,898
Total Downtown Debt Service Fund 2,601,898
Downtown Capital Projects Fund
Total Capital Projects 543,672
Non-Departmental
Interfund Transfers-
Balance Available* 17,058
Total Non-Departmental 17,058
Total Downtown Capital Projects Fund560,730
Riverfront General Fund
Department Operating
Planning and Development 229,738
Total Department Operating 229,738
Non-Departmental
Balance Available* 6,750,507
Total Non-Departmental 6,750,507
Total Riverfront General Fund 6,980,245
Urban Renewal Agency of the City of Eugene
Riverfront Capital Projects Fund
Total Capital Projects 430,000
Non-Departmental
Balance Available* 23,813
Total Non-Departmental 23,813
Total Riverfront Capital Projects Fund453,813
Total Resolution11,202,686
* Balance Available amounts are not appropriated for spending and are
shown for information purposes only.
Attachment B
(Exhibit B)
Urban Renewal Agency
Reportin FundManain FundFund Titles
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