HomeMy WebLinkAbout2009 Resolution No. 068•
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RES O LUTI ON . o. b3
SERIES 01' 200 9 --
A RESOLUTION TRANSFERRING FUNDS FROM V ARJ0US FUNDS TO THE GENERAL
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\\ t-lEREAS, these transfe rs were discu ssed intern all y at the department a l budg et meetings as
well JIS the preliminary budget meetin gs held with the Englewood City Cou nci l; and
\!, t-lEREAS , these trans fers are one-time transfers to help the General Fund weather th e loss of
revemues du ring the unexpec 1cd an d severe econo mi c downturn; and
\!, "HER.EAS , these transfers were not antici pated nor were th ey part of the 2009 Budget;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY C0UNCil., OF THE CITY OF
ENGJLEWOO D, COLORADO, THAT:
Section I . The City Counc il of the City of Englewood, Co lorado su;;:x,rts the transfer of
funds from various funds to th e General Fund, as fo ll ows :
PUBLIC IMPROVEMENT FUND
SOURCE OF FUNDS :
Roiad and Bridge Projects
USE OF FUNDS :
Trcansfer to the General Fund
GOLi' COURSE FUND
SOURCE OF FUNDS :
Fum ds Available
USE OF FUNDS :
Tr.ansfer to General Fund
DONORS FUND
SOURCE OFF DS :
Ucreserved/Undesignated Ft:11 d Balance
USE OF FUNDS :
Tr.ansfer to General Fund
$1 15 ,000
$1 15,000
$100,000
$100,000
S 30,000
S 30,000
GENERAL FUND
SOURCE OF FUNDS :
Tra ns fers In
USE OF FUND S:
Unrese rvcd/Und es ignatcd Fund Ba lance
$245,000
$2 45,000
Secti on 2. The Cit y Manager and the Director of Finance and Admini r.trative Serv ices are
hereb y authori zed to make the abo ve changes to the 200 9 Budget for the City of Englewood .
ADOl'rED AND APPROVED Ulis 8'' <l •Y of September, 2009 .
I, Lo ucri shia A Elli s, Cit y Clerk for&c;,Cit y ofEnglcwooC: ~-.?,;:)'sue !,ereby certify the
abov e is a tru e co py ofR eso lutio n No. ~ , Scri c.sof 20 9. I / f /2,
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COUNCIL COMMUNICATION
Dat e: Age nda Item: Subject:
Sep tember 8, 2009 11 C ii Reso lution transferri ng fun ds fr o m vari ous funds to
the Gen eral Fund
Initiated By: I Staff Source:
Finan ce and Adminis trati ve Serv ices Departr . ~nt Fra nk Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ,\CTION
C ity Council has been in fo rm ed o f th ese transfers during !!1e various b udgetary discussio ns neld at
study sessions in 2009.
RECOMMENDED ACTION
Staff recommends City Council approve the attached reso luti on transferring funds to th e GenP.ral
Fund .
PUBLIC IMPROVEMENT FUND :
SOURCE OF FUNDS :
Road and Bridge Projec ts
USE Of FUNDS :
Tran sfer to General Fund
GOLF COURSE FUND ;
SOURCE OF FUNDS :
Fund s Available
USE Of FUNDS:
Transfer to Gen eral Fund
DON ORS FUND :
sou~:::E Of FUNDS :
Unre served/Undesignated f und Balance
USE Of FU NDS :
Tran sfer 10 Gene ra l Fund
GENERAL FUND:
SOURCE Of FUNDS :
Tr,1nsfers In
USE OF FUNDS:
Unreserved/Undesigna led Fund Ba lan ce
$1 15,000
~115,000
$ t00,000
$100,000
$30,000
$30,000
BACKGROUND, ANALYS IS , AND ALTERNATIVES IDENTIFIED
Th ese transfers were di sc us se d internally at th e va ri o us departmental budget meetings as well as th e
prelimin ary budget meetings held with City Co un cil. These transfers ar e one-tim e tran sfe rs to help
th e General Fund wea ther th e loss of revenu es during th e un expected and seve re eco nomic
downturn .
FINANCIAL IMP ACT
These transfers w ere not anticipated nor were th ey part of the 2009 Bud ge t.
• The General Fund 's 2009 unreserved/undesignated fund balance in creases $245,000.
• Th e Donors Fund's unreserved/undeslgnated fund balance is dec r~ase d by $30,000.
• Th e Pub li c Improvements Funds will have $115,000 less for road proj ec ts.
• Th e Golf Course Fund will have $100,000 less in funds avail able
LIST OF ATTACHMENTS
~reposed R~s olution
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