HomeMy WebLinkAbout2014 Resolution No. 039,.
RESOLUTION NO. _.J2_
SERIES OF 2014
A RESOLUTION APPROVJNG A SUPPLEMENTAL APPROPRIATION TO THE 2013
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 2013 Budget was submitted and approved by the Englewood City Council on
October 15, 2012; and
WHEREAS, this supplemental appropriation to the 2013 Budget is due to total expenditures
for the year not being fully known until all expenditures are paid, which is often months after
year-end and therefore not anticipated or appropriated at the time the 2013 Budget was prepared.
NOW, TIIEREFORE, 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 2013, as follows:
2013 SUPPLEMENTAL APPROPRIATION
-SOURCES AND USES OF FUNDS:
GENERAL FUND
SOURCE OF FUNDS:
Building Division Plan Review Fees Offsetting Related Expenditures $ 120,000
USE OF FUNDS:
Fire Department -Professional Services $ 120,000
CENTRAL SERVICES FUND
SOURCE OF FUNDS:
Unassigned Fund Balance $ 10,000
USE OF FUNDS:
Unanticipated Equipment Purchases $ 10,000
NEIGHBORHOOD STABILIZATION FUND
SOURCE OF FUNDS:
Unassigned Fund Balance (Fund Close Out) $ 30,000
USE OF FUNDS:
Transfer Out to Housing Rehabilitation Fund $ 30,000
HOUSING REHABil..ITATION FUND
SOURCE OF FUNDS:
Transfer In From Neighborhood Stabilization Fund $ 30,000
USE OF FUNDS:
Unassigned Fund Balance $ 30,000
CONCRETE UTILITY FUND
SOURCE OF FUNDS:
Unassigned Fund Balance $ 25,000
USE OF FUNDS:
Capital Spending Budgeted in 2012 Completed in 2013 $ 25,000
Section 2. The City Manager and the Director of Finance and Administrative Services are
hereby authorized to make the above changes to the 2013 Budget for the City of Englewood.
ADOPTED AND APPROVED this 7th day of April, 2014.
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COUNCIL COMMUNICATION
Date: Agenda Item: Subject:
April 7, 2014 11 Ci Resolution for a year-end supplemental appropriation
to the 2013 Budget
Initiated By: Staff Source:
Finance and Administrative Services Department Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council has not discussed this supplemental appropriation or transfer specifically. Council approved
the 2013 Budget and Appropriations Ordinances on final reading on October 15, 2012. Council is
scheduled to discuss the audit and 2013 Comprehensive Annual Financial Report at the May 19, 2014
Study Session.
RECOMMENDED ACTION
Staff recommends City Council approve the attached resolution for a supplemental appropriation to the
2013 Budget for the following funds:
• SOURCES AND USES OF FUNDS:
GENERAL FUND:
SOURCE OF FUNDS:
Building Division Plan Review Fees Offsetting Related Expenditures $120,000
USE OF FUNDS:
Fire Department -Professional Setvices $120,000
CENTRAL SERVICES FUND:
SOURCE OF FUNDS:
Unassigned Fund Balance $10,000
USE OF FUNDS:
Unanticipated Equipment Purchases $10,000
NEIGHBORHOOD STABILIZATION FUND:
SOURCE OF FUNDS:
Unassigned Fund Balance (Fund Close Out) $30,000
USE OF FUNDS:
Transfer Out to Housing Rehabilitation Fund $30,000
HOUSING REHABILITATION FUND:
SOURCE Of FUNDS:
Transfer In From Neighborhood Stabilization Fund $30,000
USE OF FUNDS:
Unassigned Fund Balance $30,000
CONCRETE UTLITY FUND:
SOURCE OF FUNDS:
Unassigned Fund Balance $25,000
USE OF FUNDS:
Capital Spending Budgeted in 2012 Completed in 2013 $25,000
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
The supplemental appropriations for 2013 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.
Building Division (General Fund) overspent their budget due to unanticipated professional services related
to increased construction in the City.
The Central Services Fund purchased a wide-format printer for $15,000 in 2013 that was not anticipated
when the 2013 Budget was prepared. The wide-format printer is a necessity for a number of City
departments.
The Neighborhood Stabilization Fund (NSF) completed its activities in 2013 leaving $30,000 to transfer to
the Housing Rehabilitation Fund. These funds will be available for future appropriation.
The Concrete Utility Fund had budgeted funds for capital spending in 2012 but the project was not
completed until 2013. The capital costs were not part of the 2013 budget but there will be not
unanticipated financial impact as the funds were unused in 2012.
FINANCIAL IMPACT
Central Services' Unassigned Reserve will decrease $10,000. Only the Central Services Fund will have a
direct financial impact as a result of the Resolution. The General Fund will not have a financial impact from
the increased professional services due to offsetting revenues.
LIST OF ATTACHMENTS
Proposed Resolution
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