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i <br /> Executive Managers/Budget Review <br /> AGENDA ITEM <br /> Date: February 7, 2005 <br /> Department: Public Works Department Contact: Peggy Hamlin <br /> Executive Manager Signature: <br /> i <br /> 1. Item Title: Fuel Tax Increase <br /> BJE# 47550 <br /> 2. Description of Items: Eugene City Council adopted an amendment for a <br /> two-cent increase in the existing local motor vehicle fuel tax. This <br /> supplemental budget action will recognize the additional revenue in FY05 <br /> and provide for corresponding capital appropriation for the Street and <br /> Alley Preservation Program. <br /> 3. FiscalImpact: <br /> <br /> III <br /> Are additional d r ~ <br /> fun s equired. If yes, please provide the following: <br /> Is this aone-time expenditure request? X Yes No <br /> Service Category Title: 97 - C.anital <br /> Amount Fund(s) <br /> Increases expenditures by: $537,500 Fund 133 Transportation Utility <br /> Decreases expenditures by: <br /> Increases revenues by: $537,500 Fund 133 Transportation Utility <br /> Decreases revenues b <br /> Y <br /> NET IMPACT: 0 <br /> 4. FTE Impact: n/a <br /> *indicate if: new reclass fund change delete FTE <br /> 5. <br /> Action Requested: Recognize revenue and establish corresponding <br /> spending authority. <br /> <br />