New Search
Other Funds (not including Encumbrance and Capital carryovers) <br /> Telecommunications Registration/Licensing Fund <br /> Operating: Increase the appropriation for Central Services by $7,500 for a contribution to <br /> Community Television. <br /> Transportation Utility Fund <br /> Capital: $1.5 million for the Transportation Pavement Preservation Program focusing on <br /> those streets that would otherwise fall into the rebuild category. <br /> General Capital Projects Fund <br /> Capital: $50,000 feasibility study and $600,000 in safety-related capital projects at <br /> Golden Gardens Park. The $600,000 transfer from the General Fund for the safety <br /> projects maybe reimbursed if a Parks Bonds Measure is approved by voters in the fall. <br /> Road Capital Projects Fund <br /> Capital: $190,000 for accessible pedestrian signals at the highest priority intersections <br /> identified by the Human Rights Commission Accessibility Committee on May 1, 2006. <br /> In FY08 an ongoing allocation of $65,000 per year will be established to upgrade signals <br /> system-wide. <br /> Risk and Benefits Fund <br /> Non-Departmental: Reduce reserves and increase transfer authority fora $150,000 <br /> transfer to the General Fund from the PERS Litigation Reserve. The General Fund will <br /> use the resource to fund $50,000 in Neighborhood Matching Grants per year for three <br /> years. <br /> Under the state statute, a budget must be approved prior to July 1, 2006, and a jurisdiction must elect to <br /> receive State Revenue Sharing funds and file a copy of the resolution or ordinance with the State of <br /> Oregon by July 31, 2006. <br /> The FY07 Proposed Budget document, Budget Committee packets, information distributed at Budget <br /> Committee meetings, and Budget Committee motions are available on the City's website. <br /> RELATED CITY POLICIES <br /> Council Goals <br /> The budget supports department work plans designed to further City Council goals and priorities. <br /> <br /> Financial Management Goals and Policies <br /> The budget was prepared following guidelines established in the Financial Management Goals and <br /> <br /> Policies. <br /> COUNCIL OPTIONS <br /> According to ORS 294.435, the City Council is limited to increasing expenditures in a fund by no more <br /> <br /> than $5,000 or 10 percent, whichever is greater, of the budget committee-approved total in each or any <br /> L:\CMO\2006 Council Agendas\M060612\50606127.doc <br /> <br />