HomeMy WebLinkAbout2018 Resolution No. 017RESOLUTION NO. 17
SERIES OF 2018
A RESOLUTION APPROVING A SUPPLEMENTAL APPROPRIATION TO THE 2017
BUDGET
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do
not exceed legally adopted appropriations;
WHEREAS, the 201 7 Budget was submitted and approved by the Englewood City Council on
November 21, 2016;
WHEREAS, this Supplemental appropriation is being presented for City Council approval due
to the fact that total expenditures for the year are not fully known until all expenditures are paid;
WHEREAS, higher than expected fuel and maintenance costs for the Englewood Trolley has
resulted in a $35,000 dollar shortfall;
WHEREAS, all fuel expenses are reimbursed by RTD, which are booked as Revenue;
WHEREAS, emergency storm drain repairs for the Oxford Station, resulted in a $220,000
dollar shortfall. These repairs were discussed with City Council at the September 5, 2017 Study
Session, and:
WHEREAS, re-appropriation of funds for 2017, including those listed above, for the
Englewood Trolley and Oxford Station drain repairs are hereby presented for the consideration
and approval of City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
Section I . The Budget for the City of Englewood, Colorado, is hereby amended for the year
ending 2017, as follows:
2017 SUPPLEMENT AL APPROPRIATION
SOURCES AND USES OF FUNDS:
GENERAL FUND
STORM WATER DRAINAGE FUND
SOURCE OF FUNDS:
Unassigned Fund Balance
Unassigned Fund Balance -Stonn Water Drainage Fund
USE OF FUNDS:
Englewood Trolley Fuel and Maintenance Costs
Emergency Storm Drain Repairs at Oxford Station
$ 35,000
$220,000
$ 35.000
$220,000
Section 2. The City Manager and the Director of Finance and Administrative Services are
hereby authorized to make the above changes to the 2017 Budget for the City of Englewood.
ADOPTED AND APPROVED this 21st Day of May, 2018.
~~
Rita Russell, Mayor Pro Tern
ATTEST:
I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify
the above is a true copy of Resolution No. 17, Series of2018.