HomeMy WebLinkAbout2016 Resolution No. 055•
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RESOLUfION NO. 55°
SERIES OF 2016
A RESOLUfION APPROVING A SUPPLEMENTAL APPROPRIATION TO THE 2015
BUDGET AND TRANSFER BETWEEN FUNDS.
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do
not exceed legally adopted appropriations; and
WHEREAS, the 2015 Budget was submitted and approved by the Englewood City Council on
November 3, 2014; and
WHEREAS, this supplemental appropriation to the 2015 Budget is due to total expenditures
for the year are often not fully known until all expenditures are paid, which is often months after
year-end and therefore not anticipated or appropriated at the time the 2015 Budget was prepared.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
Section 1. The Budget for the City of Englewood, Colorado, is hereby amended for the year
ending 2015, as follows:
2015 SUPPLEMENTAL APPROPRIATION
SOURCES AND USES OF FUNDS:
GENERAL FUND
SOURCE OF FUNDS:
Unassigned Fund Balance
USE OF FUNDS:
Contingency -Leave Payouts for Retiring Employees
Human Resources -Performance Management Software
Total Use of Funds
$ 71,000
$ 60,000
$ 11,000
$ 71,000
Section 2. The City Manager and the Director of Finance and Administrative Services are
hereby authorized to make the above changes to the 2015 Budget for the City of Englewood.
ADOPTED AND APPROVED this 18th day of April, 2016.
ATTEST:
I, Loucrishia A. Ellis, City Clerk for the City of Englewood, Colorado, hereby certify the
above is a true copy of Resolution No. 55. Series of 2016. ,k ti!!1
i Loucrishia A. Ellis, City Clerk
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COUNCIL COMMUNICATION
Date: Agenda Item: Subject:
April 18 , 2016 11ci Resolution for a year-end supplemental
appropriation to the 2015 Budget
Initiated By: Staff Source:
Finance and Administrative Services Department Kathleen Rinkel , Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council has not discussed this supplemental appropriation or transfer specifically. Council
approved the 2015 Budget and Appropriations Ordinances on final reading on November 3,
2014. Council is scheduled to discuss the audit and 2015 Comprehensive Annual Financial
Report at the May 16, 2016 Study Session.
RECOMMENDED ACTION
Staff recommends City Council approve the attached resolution for a supplemental
appropriation to the 2015 Budget as follows :
SOURCES AND USES OF FUNDS:
GENERAL FUND:
SOURCE OF FUNDS:
Unassigned Fund Balance
USE OF FUNDS:
Contingency -Leave Payouts for Retiring Employees
Human Resources -Performance Management Software
Total Use of Funds
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
$71,000
$60 ,000
$11 .000
$71 ,000
The supplemental appropriations for 2015 are presented for Council's consideration at this time
because total expenditures for the year are often not fully known until all expenditures are paid ,
which is often months after year-end.
FINANCIAL IMPACT
The General Fund's unassigned fund balance will decrease by $71,000 .
LIST OF ATTACHMENTS
Proposed Resolution