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fund. If a larger expenditure increase is desired, republishing the budget summary in the local <br /> newspaper and conducting a second public hearing is required. The City Council may reduce revenues, <br /> move allocations within a fund and may decrease expenditures; however, all actions must result in a <br /> balanced budget, where revenues equal expenditures, for each fund. Any increase to property taxes <br /> above the rate or amount approved by the budget committee requires republishing the budget summary <br /> and conducting a second public hearing. <br /> If members of the council wish to amend the budget resolutions, the motion must contain the specific <br /> appropriation line(s) being altered in the resolution and each motion must be self-balancing, meaning <br /> that a resource and a requirement must exactly offset each other. <br /> CITY MANAGER'S RECOMMENDATION <br /> The City Manager recommends passage of the two state revenue sharing resolutions and the resolution <br /> adopting the Budget Committee's recommended budget. <br /> SUGGESTED MOTIONS <br /> Move to adopt Resolution 4878 electing to receive State Revenue Sharing Funds pursuant to Section <br /> 221.770 of Oregon Revised Statutes. <br /> Move to adopt Resolution 4879 certifying that the City of Eugene provides the municipal services <br /> required by Oregon Revised Statues Section 221.760. <br /> Move to adopt Resolution 4880 adopting the Budget, making appropriations, determining, levying and <br /> categorizing the annual Ad Valorem Property Tax Levy for the City of Eugene for the Fiscal Year <br /> beginning July 1, 2006 and ending June 30, 2007. <br /> ATTACHMENTS <br /> A. Summary of Budget Committee Changes to the Executive Budget Recommendation <br /> B. Budget Committee Motions to Amend the FY07 Proposed Budget <br /> C. Resolution Electing to Receive State Revenue Sharing <br /> <br /> D. Resolution Certifying Municipal Services Provided <br /> <br /> E. Resolution Adopting the FY07 City of Eugene Budget <br /> FOR MORE INFORMATION <br /> Staff Contact: Kitty Murdoch <br /> Telephone: 682-5860 <br /> StaffE-Mail: kitty.m.murdoch@ci.eugene.or.us <br /> L:\CMO\2006 Council Agendas\M060612\S0606127.doc <br /> <br />