FY 2006-11 Eugene CIP - Laserfiche WebLink

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Funding For the last several years, the City's General Fund has been the primary source of funding for ~ ; buildm and faciht renovation. The General Ca ital Pro ects Fund su orts the re air of g y p J pp p existing facilities and "catch-up" of deferred maintenance, and is predominately allocated to Preservation and Maintenance and Site and Facility Improvements for each year of the program. Of the total transfer from the General Fund, over 75 percent is dedicated to facility-related capital preservation and maintenance projects. Since General Fund revenues have not kept up with service and capital requirements, the preservation of Public Buildings and Facilities has ' been consistently underfunded. In November 1999, the Budget Committee adopted a new General Capital Budget strategy when it approved the General Fund's Six-Year Financial Forecast as the basis of the development of the FY01 General Fund budget. The strategy to fund building repair and preservation includes implementation of three approaches: 1. Budget $1.7 million in the FY01 General Capital Budget and increase the budgeted amount by $100,000 per year in successive years throughout the six-year forecast period; 2. Dedicate up to $900,000 in end-of-year General Fund balances to facilities maintenance; 3. Refer a series of general obligation bonds to voters to pay for major reconstruction or improvements to City facilities. ` During the FY04 budget preparation process, the City Manager elected to maintain the General Fund transfer to the Capital Budget at the FY03 level, in effect foregoing the planned annual $100,000 increase. Additionally, the Budget Committee prioritized the transfer in a manner similar to other General Fund services and recommended a 4.5% cut in funding resulting in an additional reduction of $85,500. Although the FY05 budget reinstated the annual increase recommended in FY01, it also ` incorporated an additional ongoing reduction of $45,200 to the General Fund capital budget. Based on these actions the total FY05 General Fund contribution to capital projects was $2.759 ; ; million including the $900,000 of available. end-of-year General Fund balance. The strategy of referring general obligation bonds to the voters to pay for major reconstruction or ~ _ improvements to City facilities is being pursued in combination with other funding sources. In November 1998, voters approved General Obligation bonds to fund park acquisition and . improvements to Amazon Pool. Additionally, in 1998 the City Council sold $18 million of bonds backed by Urban Renewal funds to construct a new library. Private contributions pledged by members of the community were also used to fund a portion of the new facility. Also in November 1998, voters approved an operating levy for the new library and in May 2002 voters ~ ' renewed the operating levy. In May, 2001, the City Council adopted a Downtown City Space Plan, setting a strategy for replacement of City Hall and other downtown City offices with one or more new buildings. The ' major elements of this strategy included relocation of Police personnel from the basement of City Hall, relocation of Fire Station #1 to a new facility, construction of a new Police headquarters ` building and eventual replacement of City Hall itself. The first two elements of the Downtown City of Eugene 2006 - 2011 Capital Improvement Program ~i 68 _ _ _ _ _