City of Portland, Oregon
FINANCIAL IMPACT STATEMENT
For Council Action Items
(Deliver original to Financial Planning Division. Retain copy.)
1. Name of Initiator Rick Bastasch | 2. Telephone No. 503-823-=0275
| 3. Bureau/Office/Dept. Planning |
4a. To be filed (date) June 10, 2008 | 4b. Calendar (Check One) Regular Consent 4/5ths ¨ X¨ ¨ | 5. Date Submitted to FPD Budget Analyst: June 4, 2008 |
1) Legislation Title:
*Authorize contract with Oregon Trout for $15,000 to establish River Renaissance as a sponsor of 2008 Riverfest Celebration, help support event design and coordination, and provide for payment (Ordinance).
2) Purpose of the Proposed Legislation:
Authorize Purchasing Agent to enter into agreement with Oregon Trout, a nonprofit organization, for $15,000 to help the Bureau of Planning’s River Renaissance program sponsor coordination of the Portland Riverfest event.
3) Revenue:
Will this legislation generate or reduce current or future revenue coming to the City? If so, by how much? If new revenue is generated please identify the source. No new revenue.
4) Expense:
What are the costs to the City as a result of this legislation? What is the source of funding for the expense? (Please include costs in the current fiscal year as well as costs in future years) (If the action is related to a grant or contract please include the local contribution or match required)
The cost of the contract is in the Planning Bureau’s FY 2007-2008 budget for River Renaissance and will be carried over into the next year.
Staffing Requirements:
5) Will any positions be created, eliminated or re-classified in the current year as a result of this legislation? (If new positions are created please include whether they will be part-time, full-time, limited term or permanent positions. If the position is limited term please indicate the end of the term.) No
6) Will positions be created or eliminated in future years as a result of this legislation? No
Complete the following section only if an amendment to the budget is proposed.
7) Change in Appropriations (If the accompanying ordinance amends the budget please reflect the dollar amount to be appropriated by this legislation. Include the appropriate center codes and accounts that are to be loaded by accounting. Indicate “new” in Center Code column if new center needs to be created. Use additional space if needed.)
Fund | Center Code | Account | Amount | Project Fund | Project No. |
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APPROPRIATION UNIT HEAD Celia Heron, Bureau Operations Manager/by Joan Hamilton, Management Asst.