TL;DR (generated · confidence: high)

Funds Management is an administrative program for the Bureau of Environmental Services that segregates bureau-wide financial transactions across multiple funds. For 2026-27, the program manages $1.536 billion in revenues divided among five funds (Environmental Remediation, Sewer System Construction, Debt Redemption, Operating, and Rate Stabilization), with $711.7M external and $824.9M internal revenues. The program has no dedicated staff and includes rate setting based on cost-of-service principles with low-income discounts for equity.

Key points (each cites a PDF page):

Grand Total revenues for 2026-27 proposed: $1,536,613,738 (combined external and internal) (p. 801 ↗)
External revenues 2026-27: $711,730,423; Internal revenues: $824,883,315 (p. 801 ↗)
Largest revenue source: Sewer System Operating Fund with $459.8M external + $309.0M internal for 2026-27 (p. 801 ↗)
Program expenses 2026-27: $21,429,350 (external materials/services) + $798,947 (personnel) = $22,228,297 total (p. 802 ↗)
Program has no staff; staff time for financial recording is reflected in Business Support program (p. 802 ↗)
BES uses cost of service ratemaking principles updated by City Council in 2023 (p. 802 ↗)
Program includes low-income discounts ensuring lower-income customers pay less than higher-income customers (p. 802 ↗)
Debt issuance addresses inter-generational equity by allowing future customers to pay for capital improvements via debt service (p. 802 ↗)

Amounts: $1,536,613,738 · $711,730,423 · $824,883,315 · $459,839,762 · $309,032,831 · $242,212,780 · $165,952,796 · $157,301,889 · Programs: Funds Management · Environmental Remediation Fund · Sewer System Construction Fund · Sewer System Debt Redemption Fund · Sewer System Operating Fund · Sewer System Rate Stabilization Fund · Parties: City of Portland · Bureau of Environmental Services · Public Works

Funds Management

Source: PDF pp. 801-802 ↗ · raw: 801 · 802

Breadcrumb: Service Area Summaries > Public Works > Bureau of Environmental Services > Retired Program Offers. . . . . . . . . > Funds Management

City of Portland Fiscal Year 2026-27 Proposed Budget Public Works > Bureau of Environmental Services > Funds Management Funds Management Budget Revenues by Fund 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Revenues $396,626,880 $975,174,560 $450,214,000 $711,730,423 Environmental $5,011,294 $3,770,578 $3,808,000 $3,808,000 Remediation Fund Sewer System $1,762,155 $333,040,753 $5,690,000 $242,212,780 Construction Fund Sewer System Debt $224,048 $217,974,499 $750,000 $200,000 Redemption Fund Sewer System $389,629,384 $420,388,730 $434,866,000 $459,839,762 Operating Fund Sewer System Rate $0 $0 $5,100,000 $5,669,881 Stabilization Fund Internal Revenues $332,668,201 $354,480,118 $1,011,905,474 $824,883,315 Environmental $0 $0 $42,036,525 $41,148,968 Remediation Fund Sewer System $59,000,000 $31,000,000 $310,305,783 $165,952,796 Construction Fund Sewer System Debt $7,467,861 $87,039,583 $151,430,298 $157,301,889 Redemption Fund Sewer System $266,200,339 $236,440,535 $364,532,868 $309,032,831 Operating Fund Sewer System Rate $0 $0 $143,600,000 $151,446,831 Stabilization Fund Grand Total $729,295,081 $1,329,654,678 $1,462,119,474 $1,536,613,738 Program Expenses by Major Object Program expenses only include personnel, internal materials and services, external materials and services, and capital. 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Materials and $333,371 ($54,550) $21,329,350 $21,429,350 Services 801

City of Portland Fiscal Year 2026-27 Proposed Budget 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed Personnel $0 $0 $806,471 $798,947 Grand Total $333,371 ($54,550) $22,135,821 $22,228,297 Program Description and Goals The Funds Management Program segregates bureau wide financial transactions from program specific transactions. The transactions in this program are administrative in nature, benefit the entire bureau, and do not impact a particular program offer. There are no staff related to this program and any staff time spent recording and monitoring these transactions are reflected in the Business Support program. Services Bureau transfers; Bureau revenues; Bureau expenditures Equity Impacts Funds Management reflects bureau-wide transfers, revenues, and expenditures. There are minimal equity impacts related to fund balance, reserves, contingencies, inter-fund transfers, and interest earnings. Rate revenue affects equity by determining how much each customer pays for sewer and stormwater service. Every year, BES calculates rates using cost of service ratemaking principles updated by the City Council in 2023. This does not address racial equity or specific geographic locations but ensures that residential customers as a group are paying their fair share of rates. The BES rate schedule does not directly address benefit or burden on communities of color or people with disabilities. However, BES has low- income discounts which ensure lower income customers are less burdened than higher income customers. Issuing debt greatly affects the inter-generational equity of the sewer and stormwater system. Issuing debt allows customers in the future benefitting from capital projects to pay for the improvement via debt service and customers today to pay according to the benefit received. Additionally, issuing debt lowers rate increases in the short term. Changes to Program Changes to this program are typically administrative in nature and address fund balances, reserves, contingencies, and transfers among BES's family of funds. The various transfers and debt service are largely dependent on various legal requirements and vary from year to year. The personnel services budget includes a contingency for benefits costs above the forecast amount provided by the City. The external materials and services budget includes the utility license fee, which increases commensurate with rate revenue. 802

Parent: Retired Program Offers. . . . . . . . . · PDF: pp. 801-802 ↗