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j SMITH Tammy D <br /> l <br /> From: SMITH Tammy D <br /> Sent: Tuesday, November 25, 2008 10:01 AM <br /> To: RISDAL Lacey L; TINTLE Robert D; DAVIS Lori M; MUMAU Cindy J; SCHOENING Mark A <br /> Cc: PETERSON Tish A; WEIXELMAN Susan E; CARLSON Becky A <br /> Subject: FW: Transportation Capital Reporting Fund <br /> With the passage of the transportation bond, PWA (Becky, Tish, and Tammy S) started discussions with Central Finance <br /> (Finn, Kitty, Pavel, and Sue C) about creating a Reporting Fund for Capital Transportation along with what number to use <br /> for the new bond. If you took the CAFR class lead by Becky and Robert, you may remember discussion about Fund 133 <br /> being a Special Revenue Fund that has capital expenditures, and that it would more appropriately fit in the capital series. <br /> As a capital fund, it would also help in telling the story about how the preservation revenue is being used for capital <br /> preservation of the streets. Finn suggested using Fund 340 as a reporting fund and re-numbering or re-classifying the, <br /> following funds, starting in FY10. This would consolidate the capital transportation funds together instead of having a <br /> reporting fund with one fund as 312 and 133 are currently. <br /> 340 -Transportation Capital Fund <br /> 341 -Road General Capital Fund (Formerly Fund 312) <br /> ~ 342 -Pavement Preservation Capital (Formerly Fund 133),6 <br /> 343 - 2008 Street Bond <br /> i During this discussion Finn brought up a new GASB Statement that wilt have the auditors looking at how funds are <br /> classified on the chart of accounts, and SDC's came up for discussion 332-SDC Admin is an operating fund in the capital <br /> section. If the City moved Fund 332, would it be appropriate to split the SDC Funds to follow the systems~reporting funds. <br /> In the coming months, we'll be considering whether it makes sense to split the SDC capital funds to roll up into system <br /> reporting funds. <br /> <br /> i <br /> A possible example: <br /> 333 Transportation SDC move to the 340 reporting fund <br /> 334 Wastewater SDC move to the 530 reporting fund <br /> 335 Stormwater SDC move to the 539 reporting fund <br /> 336 Parks SDC move to the 310 reporting fund <br /> 332 SDC Administration move to a sub-fund of the GF or Special Revenue Fund <br /> I will be meeting with. PWE Management Team on Tuesday to discuss implications for them. Please let me know if you <br /> have any concerns- about these proposed changes. If we hear no "fatal flaws", we will be moving ahead very soon. <br /> If you have any questions please contact me. <br /> Tammy Smith <br /> Financial Analyst <br /> City of Eugene <br /> Public Works Administration <br /> Phone: 541 682-5834 <br /> Fax: 541 682-6826 <br /> E-mail: tammy.dsmith@ci.eugene.or.us <br /> 1 <br /> _ _ _ _ <br /> <br />