HomeMy WebLinkAbout2012 Resolution No. 078RESOLUTION NO. !Ji
StRIES OF 20 I 2
A RESOLUTION TRANSFERRING AND APPRQPRJA TING FUNDS FROM Tiffi PUBLIC
MPROVEMENT FUND (PIF) TO THE CAPITAL PROJECTS fUND (CPF) FOR
EMERGENCY ALERT SIREN PROJECT.
WHEREAS, the City applied for and rrceive.d a granr of $41 ,65 4.50 for Emergency Alert
Siren equipment from the State of Colorado; and
WHEREAS, the City Council approved the purchase of the Emergency Alert Siren equipment
by tho passage of a Mot ion on June 4, 201 l; and
WHEREAS, the total cost of the Project is S83,309 , the City of Englewood received a grant in
the amount of $41 ,654 .50, the remaining cost of the Project S42,000 is required to fund the
project.
NOW, TI-IER.EFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
I::NGLEWOOD, COLORADO, THAT :
Section j. The City Council of the City of Englewood, Colorado supports the transfer of
funds from the Public Improvement Fund Balance to the Capital Projects Fund, as follows :
PURLIC lMPRO\'EMENT FUND
SOURCE OF FU1'1>S:
Unassigned Fund Balance $42,000
USE OF FUNDS :
Transfer to the Capital Projects Fund $42 ,000
CAPITAL PROJECTS FUND
SOURCE OF FUNDS :
Transfer in from the Publi c Improvement Fund $42 ,000
usr OF FUNDS :
Emergency Alert Siren Projec t $42 ,000
f~c ctjgn 2, The City Mana ger and the Direc tor of Fi11nncc nnd Admin.istri1tivc Serv ices arc
hcrchy .iuth orizc<l to make the above cha11gcs to the 20 12 l)ud gc t for the Ci 1y of E11glcw<1<)c l.
J\DOl''J'ED /\NO Al'l'ROVED thi s 17th clay of Scptmbcr, 20 12.
~--·&_
o us:·shia A. Elli s, Ci ty Clerk
I. Loucrishi a A. Ellis, Cit y C lerk fnr !b,e City o f Englcw~~d . Co
above is a true copy ofR~o!uticm No . .:._/..K_, Series of20~.
/_./'/ I/Jt-1/.r J11r r.l't:£~
COUNCIL COMMUNICATION
Date: Agenda Item: Subject:
Seplember I 7, 20 I ] 11 C ii Resolution Tra ns ferring and Appropriating
Funds fr om the Public Improvement Fund
(PIF ) :o th e Capital Pr o jec ts Fund (C!'F)
for lhe Em ergency Al ert Siren Projec t
Initiated By : I Slaff Source:
t-=in ance and Administrat ive Se rvices Frru1k Gryg1ew ic z, Dir ec tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
Cily Council approved the purcha se of the Er11e rg ency Ale rt Siren equ ipmenl by m oti o n on lun e 4, 201 2.
RECOMMENDED ACTION
Staff recommends Council approve this transfer and suppl emental appropriation of 542 ,000 from Public
Improvement ~und lo th e Capital Projects Fund fo r the Emergency Alert Sir en Pr uject.
BACKGROUND, ANAI.YSIS, AND ALTERNATIVES IDENTIFIED
The Pulice Department applied for and recei ve d a granl fro.'Tl th e Sta le o f Colorado in the am o unt of
$41 ,654.5 0 ior Emergen cy Alert Sire n equipment. The total cos : of th e Projecl is $83 ,309 . The Capital
Projects Fund has limited resources available to fund the remair. 1g cost of the Pruject; therefore, a
transfer of $42 ,000 is requi red from the PIF .
SOURCES AND USES OF FUNDS :
PUBLIC IMPROVEMENT FUND:
SOURCE OF FUNDS:
U rassigned Fund Bala nce $42 ,000
USE OF FUNDS :
Transfer to lhe Ca pital Proj ects Fund $42,000
CAPITAL PROjECTS FUND:
SOURCE OF FUNDS:
Transfer ,n from the Publi c Improvement Fund 542 ,000
USE OF FUNDS :
Emergency Alert Siren Project $42 ,0 00
FINANCIAL IMPACT
I htS ac ti on w,11 , ed uce th e PIF's Unassign ed rund H,il ;11 ,c~ hy H2,000. The fur,d s will offset ex penditures
for the Eme,gc ncy Alert Sir en Project fun ded in lh e C.1 pi1,1 I Proj ec ts Fund .
UST Of ATTACHMENTS
Proµosed Resolution