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City of Eugene, Oregon Budget Summary <br />Net Budget m <br />The City of Eugene's FY07 Total Proposed Net Budget is $369.3 million, an increase of 2.2% <br />over the previous year. The Net Budget is a more realistic picture of City finances because it <br />subtracts internal charges, transfers, and loans which are budgeted twice, once in the paying fund <br />and also in the receiving fund. For example, if a department budgets for a computer, it is included <br />in the department's budget as a payment to an internal service fund. That internal service fund <br />actually purchases the computer. So the cost of the computer is budgeted twice. This is standard <br />accounting practice for governments. The Net Budget removes the amount budgeted in the <br />internal service fund for that computer and similar transactions. It also removes transfers and <br />loans from one fund to another in the "Non-Departmental" portion of the budget. Service <br />information presented later in this Summary will use net budgets. <br />The budget is divided into two categories: Department Operating (Department Budgets, <br />including internal charges) and Non-Departmental (Debt Service, Capital Budget, Miscellaneous <br />Fiscal Transactions, Contingencies/Reserves, Internal Transfers and Loans, and UEFB/Balance <br />Available). Net department operating expenditures across all funds grew by 3.7% in FY07. <br />The Total Budget includes all expenditures in the department operating and non-departmental <br />accounts. The Total Budget is prepared in accordance with State Local Budget Law (ORS 294) <br />and accounting requirements... <br />20 <br />__ <br />__ _ <br />