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2) Open Space Acquisition, which is funded from Parks Systems Development Charges <br />(SDCs); and <br />3) Pearl Street Garage Improvements, which are funded by the Parking Fund. <br />The majority of New Capital Facilities fall into the Unfunded Program. These projects, which <br />currently amount to approximately $62.4 million, have originated from lorig-range master <br />plans and/or City. Council goals and policies. This list is not intended to be an all- <br />encompassing list of facility needs. It is, however, a list of those projects that have a high <br />priority based on City Council goals and City operational needs. It should be noted that the <br />costs given in the Table of Unfunded Projects are only preliminary budget planning costs and <br />are, for the most part, not based on detailed design cost estimates. Eventual funding for these <br />projects will likely require Council consideration of local taxes and/or bond options. <br />Funding <br />For the last several years, the City's General Fund has been the primary source of funding for <br />Building and Park Facilities. Since General Fund revenues have not kept up with service and <br />capital requirements, the General Capital budget for Building and Park Facilities has been <br />consistently underfunded. <br />In July 1994, the City Council adopted the current General Capital Budget strategy as part of <br />an overall General Fund revenue strategy. The strategy to fund building repair and <br />reconstruction included implementation of three approaches: <br />1) Budget $1 million in the Capital General Fund annually; <br />2) Dedicate up to $900,000 in end-of--year General Fund balances to facilities <br />maintenance; <br />3) Refer a series of general obligation bonds to voters to pay for: major reconstruction or <br />improvements to City facilities. <br />In 1995, the City Council commissioned and adopted the 1995 Facility Condition Report <br />(FCR), which established baseline data about the condition of facilities supported by the <br />General Fund through a detailed, structured inspection process. All capital building and <br />facility projects in the General Fund are assessed and prioritized on the basis of this report. <br />The $1.9 million capital General Fund budget is for the repair of existing facilities and "catch <br />up" of deferred maintenance, and is allocated to Preservation and Maintenance and Site and <br />Facility Improvements for each year of the program. Of the $1.9 million, $1.254 million is <br />dedicated to capital preservation and maintenance projects. Because $100,000 is moved to <br />City of Eugene .1998-2003 Capital Improvement Program <br />Project and Program Areas -Building and Park Facilities <br />27 <br />