Statement:
The fiscal year 2005-2006 budget includes revenue and disbursements of funds form the State. In order to receive and disburse monies the City Council must elect to receive State revenue. |
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Fiscal Impact:
Enables the City to receive and disburse State monies like gas and cigarette tax revenue. |
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Background:
Council annually adopts a resolution electing to receive an apportionment of the Oregon Department of Administrative Services General Fund revenues derived from tax imposed on the sale of liquor as part of State Revenue Sharing. |
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Staff Recommendation:
Staff recommends approval of the attached resolution. |
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Attachments:
• A Resolution Declaring the City's Election to Receive State Revenues |
