HomeMy WebLinkAbout2013 Resolution No. 042•
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RESOLUTION 1\0. t./J...
SERIESOF20l3 --
A RESOLUTIOI\ APPROVING A SUPPLEMENTAL APPROPRIATION TO THE 2012
BUDGET AND TRA!\SFER BETWEEN FUNDS.
WHEREAS, the City of Englewood is required by City Chaner to ensure that expenditures do
not exceed Ie11ally adopted appropriations; and
WHEREAS, the 2012 Budget was submitted and approved by the Englewood Cit,· Council on
October 17, 201 1; and
WHEREAS, this supplemental Appropriation to the 2012 Budget is due to iot•I expenditures
for the year nnt being fully known until all expenditures arc paid , which is often months after
year-end and therefor e not anticip ated or appropriated at the time the 2012 Budget was prepared;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCll. OF THE CITY OF
ENGL EWOOD, COLORADO. AS FOLLOWS:
Section I . The Budget for the City of Englewood, Coloradr is hereby amended for the year
ending 2012, as follow s:
2012 SUPPLEMENTAi. APPROPRIATIOlli
GENERAL FUND
SOURCE OF FUNDS:
Reimbursement from State-Wildland Fires
Unrescrved/Undcs ignatcd Fuml Balance
Total Sow,:cs ofFw1d,;
USE OF FUNDS:
fire Depanment Unanticipated Ovenimc/Professional Services
lnfonnation Technolol!)'-Unantieipated IT Suppon Costs
Transfer Out to Risk MMagement Fund
Transfer Out to Employee Benefits Fund
l'otal Use of funds
RISK MANAGEMENT FUND
SOURCE OF FUNDS:
Transfer In From the General Fund
Fund Revenues
Total
USE OF FUNDS:
Higher Than Anticipated Claims
$ 141 .~00
$ 914,000
$1,055,000
$ 245 ,000
$ 15,000
S 715,00(l
S 80 000
SI ,055,000
$ 715,000
Li.l.i.OOQ
S 930,000
$930,000
EI\JPLQYEE BENEFITS FUND
SOURCE OF FUNDS:
Transrcr In Frum the General F11nd
C:SE OF FUNDS :
Higher Tban Anticipated Claims
S 80,000
$ 80,000
~ The City Manager and the Director of Finance and Administrative Services arc
hereby authorized to make the above changes to the 2011 Budget for the City of Englewood .
ADOPTED AND APPROVED this 20 th day of May, 2013.
1, Louerishia A. Ellis, City Clerk for tJJr,, City orCmglcwood, C
above is a true copy of Resolution No . .:IL::.., Series or20 3.
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COUNCIL COMMUNICATION
Da1te: Agenda Item : Subject :
May 20, 2013 11 Ci Resolution for a year-end supplemental appropriation to
the 2012 Budget
Initialed By: I Slaff Source·
Finance and Administrative Seivice, Department Frank GryglP.wir.z , ou ~c tor -....
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
C,ty Council has not discussed this supplemental or tra nsier specltlcally but approved the ,u Ii Bud~tJ l •1 ,d
Appropriations Ordinan ces on fina l reading on. October 17, 2011. Council is scheduled to discuss the aud,i
and r.nmprP.hP.nslve Annual Financial Report at the Study Session hP!d May 20, 2013.
RECOMMENDED ACTION
Stall recommends City Coundl approve the attached resolution for a supplemental ap1>roprlatlon to the
20 I 2 Budget for the followi ng fu11ds :
GENERAL FUND:
SOURCE Of FUNDS:
t<eimbursemenl from Stale -Wildland Fir es
Unreseived/Undes,gn ated Fund Bal an ce
Total Sources of funds
USE Of FUNDS:
Fire nP.p,,rlmPnt •lJnan1icipa1ed Overtim e/Professi onal Se:vice s
Informat ion Te chnology -Un,1nlidp.l te<l IT Suprorr Cos l~
Tr;,nsfcr Our to Risk M,1nageme111 Fund
Transfer Out to Employee Benefits Fund
Total Usesol funds
RISK MANAGEMENT FUND:
SOURCE OF FUNDS :
Transfer In From the General Fund
Fund Revenues
Total
USE OF fU/IIDS :
Higher Than /\n:icipaied Cla ims
$14t ,OOO
u.ww
$1,055,000
$245,000
StS .000
$115,000
~
$1,055,000
Sil 5,000
illi.llOO
$930.000
S930,000
EMPLOYEE BENEFff$ FUND;
SOURCE OF FUNDS:
T1d11si~r In F,0111 1111: Gtme ral Fund soo,ooo
USE OF FUNDS:
Higher Thnn ,\nticipalcd Claims $80,000
B.\CKGROUND, ANAL VSIS, AND Al fr,R NATIVES IDENTIFIED
The supplemental appropriations for 2012 are presented fo, Counci l's considerollon al this lime because
total expenditures ior the year are often not fully known until all expend itures ,ire paid, whic.h is often
rnonths after year-end .
The Risk Managemen1 Fund was hit with a number of unanticipated d.,i ms in 2012 nerP~sit.lling the
$715,000 transfer. The City partici:,a1es in the Colorado lnlergovernmental Risk Sharing Agency (CIRSA).
CIRSA is a joint self-insurance pool created by intergovernmental agreeme1ll 19 provide • varietv of
insurance coverages toils members, including workers' compensation. CIRSA provid ed the City wit,,
anticipated cla im information which ind icated an unusually large number o( oulslanding claims incurred in
2012. Since lhe report provided an eslirnatecJ liability, an expenditure arrd liability were recugnizecJ in
2012. The Risk Management Fund had transferred S920,000 10 the General Fund in 2012; leaving it widr
adequate funds for a "normal" ,,mount oi claim ac tivity . Without the rransier of 571 ,,000 the Risk
Management tund would have shown negative f~nds available at year-end .
FINANCIAL IMPACT
The General Fund 's Unassi11necJ Reser\'e will decrease $914,000.
LIST Of ATTACHMENTS
Prupu,~cJ Resulu1iurr
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