James Thomas

It looks like that check I write to the city of Portland every 3
months is doing something....

CITY OF
PORTLAND, OREGON Tom Potter, Mayor
TO: Commissioner Sam Adams
Commissioner Randy Leonard
Commissioner Dan Saltman
Commissioner Erik Sten
Auditor Gary Blackmer

FROM: Mayor Tom Potter
DATE: May 7,2007

SUBJECT: Additional One-Time Revenue for FY 2007-08 Approved Budget

OMF has advised me of S2 million in additional revenue in FY 2006-07
from higher than expected
business license receipts. These funds were received and reported
following the April 15 business
tax filing deadline. This will result in 52 million in additional one-
time funds for FY 2007-08. The
timing of this good news fits well with budget approval on May 16,
Council Execs met last week and developed a list of currently
unfunded priority requests to include
in the Approved Budget. These indude:
Wordstock Event S100,OOO Commissioner Sten
School/Family/HousingI nitiative S30.000 Commissioner Sten
* 2417 T Support for Fire $70,000 Commissioner Sten
Platinum Bicycle Master Plan S 100,000 Commissioner Adams
Artspartners S 100,000 Commissioner Adams
Bumside Couch Enhancement Planning $500,000 Cormmissioner Adam

These requests total $900,000. 1 am directing OMF to include these
items in the "change memo"
they are distributing today. We will use this as the basis for
approving the Proposed Budget as
amended by the change memo.
Additionally, the Parks Bureau is tabling $450,000 in requests for
Westmodand Park current1 y
included in the Proposed Budget until next year when engineering
studies are completed. Instead,
the change memo should reflect the following requests for Parks:
Tree Policy & Code Project $260,336 Commissioner Sal tzman
City Nature Trail Planning $45,379 Commissioner Saltzman
Parks Service Level Work S80,OOO Commissioner Saltzman
Westmoreland Stadium Engineering $65.000 Commissioner Saltzman
In addition to the requests that can now be funded, there are other
requests that are important to the
Council and the community and that have already received scrutiny in
the FY 2007-08 budget
process. I propose that these i terns should be considered for
priority funding in the fail BUMP if
additional one-time funds are realized at year-end. I'm also asking
OMF to include in the revised
financial policies that we'll consider in June a provision that
dedicates at least 25% of unanticipated
ending fund balance, as determined by OMF and reported in the fall
Budget Monitoring Process, to
capital expenditures as an important step to begin funding our unmet
asset management needs.
Here's a partial list, and I welcome your input on others, so that we
together develop a list of
requests that will be the first to be funded with any additional one-
time funds in the fall.
Additional cost of archives center at PSU above what's been budgeted.
Balance of original request for visioning and strategic planning,
once Council adopts the
vision.
Emergency operations center or regional training center facility
costs if sites are identified-
Funds that may be needed to acquire buildings or other assets that
Multnomah County may
not need, assisting the City in its needs for facilities while
providing the County with
additional one-time funds.