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City of Eugene, Oregon Budget Summary <br />Capital Budget <br />The Capital Budget is guided by the Capital Improvement Program (CIP). The plan for this <br />capital program is updated every two years and is reviewed by citizens, the Planning <br />Commission, the Budget Committee, and the City Council. FY08 marks the first year of the CIP. <br />The budget for new capital projects in FY08 is $33.6 million, an increase of $10.9 million from <br />FY07. Capital spending can change dramatically from year to year due to the size of projects <br />initiated and the resources available, especially those from Federal and State sources. Capital <br />projects are budgeted in their entirety in their first year, and unspent appropriation balances are <br />carried forward from year to year for those projects that require multiple years to complete. <br />Capital Budget by Project Category <br />By project category, 30% of the FY08 Proposed Capital Budget is allocated for preservation and <br />maintenance, 45% is allocated for new capital facilities, 11% is allocated for site and facility <br />improvements, and the remaining 14% is for functional & safety improvements, upgrades, <br />upgrades and capacity enhancements, and restoration. <br />Capital Budget by Project Area <br />The spending plan by project area in FY08 is: <br />• $14.1 million for parks and open space projects. <br />• $7.8 million in transportation projects including $4.2 million for. street and alley <br />preservation. <br />• $4.2 million for projects at the Eugene Airport. <br />• $3.1 million for public buildings and facilities projects. <br />• $2.3 million for wastewater system projects. <br />• $2.1 million for stormwater system projects. <br />The Parks and Open Spaces project area represents 43% of the FY08 Proposed Capital Budget, <br />and includes $10.0 million funded by the proceeds from the issuance of the 2006 Parks, Athletic <br />Fields and Preservation of Open Spaces Bond (2006 Parks Bond). <br /> <br />21 Capital Budget for <br /> New Projects <br />18 FY06 - FY08 <br />15 ^ Airport <br />c <br />O 12 <br />=_ ^ Parks & Open Space <br />~ 9 <br />tfl. Public Buildings & <br />6 Facilities <br /> ®Stormwater <br />3 ^ Transportation <br />~ Wastewater <br />FY06 FY07 FY08 Proposed <br />23 <br />