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1.2 Fiscal Year's 199 1995, and 1996 Should annexation occur <br />during the fiscal years 1993 -1994, 1994 -95, or 1995 -96, for the next <br />succeeding three fiscal years the City shall allocate resources for <br />operation and maintenance of the Emerald P#k Facilities and programs in <br />the same manner as contained in the adopted 1992 -93 budget of the <br />District. The amount of such allocation shall be that contained in the <br />adopted-1992 -93 budget adjusted upward or downward at the same rate as <br />any increase or decrease in the General Fund of the City of Eugene over <br />the same time period. <br />1.3 Cash Reserve Carryover Any net cash reserve balance from the <br />District's fiscal year in which annexation occurs, that is not <br />encumbered in that fiscal year's budget or consumed prior to the <br />effective date of annexation, shall be placed in the Eugene Parks, <br />Recreation and Cultural Services Department Miscellaneous Trust Fund. <br />Such moneys will be dedicated for equipment or capital improvements at <br />Emerald Park and the Transition Committee shall determine how these <br />funds are spent. The funds must be totally expended within two years <br />after annexation and are subject to the usual City of Eugene budget <br />review and approval process. <br />1.4 Replacement of Equipment The City will retain at Emerald Park <br />for the foreseeable future the equipment and fixtures existing there at <br />the time of annexation unless a change is approved by the Emerald Park <br />Supervisor. Replacement of equipment and fixtures will occur as needed <br />consistent with availability of budgeted funds. <br />Supplemental Budgets If user fees and other revenues exceed <br />budgeted amounts during any fiscal year, the City Manager will recommend <br />adoption of a supplemental budget dedicating those additional revenues <br />to operation, maintenance, and improvements at Emerald Park. <br />INTERGOVERNMENTAL AGREEMENT - -3 <br />