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Home My WebLink About2007 Ordinance No. 057• • • BY AUTHORITY ORDINANCE NO. o'J SERIES OF 2007 -- COUNCIL BILL NO . 58 INTRODUCED BY COUNCIL MEMBER TOMASSO AN ORDINANCE ADOPTING THE BUDGET OF THE CITY OF ENGLEWOOD, COLORADO, FOR THE FISCAL YEAR 2008 . WHEREAS. pur>uant 10 the provisions of Pan I, Article X. of the Charter of the City of Englewood, Colorado, a budget for the fiscal year 2008 was duly submiued by the City Manager 10 the City Council before September IS, 2007; and WHEREAS, a ,ublic hearing on said budget was held by the City Council within three weeks after its submission al the meeting of the City Council on September 17, 2007 . R,gular notice of the time and place of said hearing was published within seven days after submission of the budget in the manner provided in the Charter for the publication of an ordinance; and WHEREAS, the City Cotmcil of the City of Englewood has st udied and di scussed the budget on numerous occasions; and WHEREAS , it is the intent of the City Council 10 adopt the 2008 budget as now submiued. NOW . THEREFORE , BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: ~-That the budget of the City of Englewood , Colorado, for the fiscal year 2008, r submilled by the City Manager and duly considered by the City Council after public hearing, be and hereby is adopted as the budget for the City of Englewood for the fiscal year 2008 . ~-GENERAL FUND Total Fund Balance, January I, 2008 Sales/Use Tax Property and Specific Ownership Tax Franchise/Occupation/Cigareue Tax License/Penruts Intergovernmental Revenue Charges for Services Cultura l & Recreation Fines & Forfeitures Interest Miscellaneo•,s 2008 BUDGET $ 5,343 ,183 Revenues 22 ,000,000 3,215,993 2,833,948 S7S.42S 1,094,573 2,938,128 2,266 ,998 1,519,500 JSS,S00 _.lZ1lli, 11 biv Total Revenues s 37,077,450 • Other Financing Sources I 2ZJ,Z82 Total Sources ofFunds $ 39,051 ,239 ll51ISl!li!!IW Legislation 351,513 City Attorney's Office 762 ,280 Municipal Coun 982 ,006 City Manager's Office 679,806 Human Resoun:es 570,474 Finance and Administrative Services 1,724 ,429 lnfonnation Tcchnology 1,289,131 Public Works 5,241,300 Safety Services 17,396,224 Community Development 1,576,862 Library Services 1,294,640 Parks and Recreation Services 5,713,4 30 Contingencies 100,000 Debt Service I 81 I ~~2 Total Uses of Funds S 39,493 ,551 T0tal Fund Balance , December 31. 2008 $ 4,900 ,87 1 ~ SPECIAL REVENUE FUNDS • Conservation Trust Fund Fund Balance, January I, 2008 $ 365 ,065 Revenues $ 325,000 Expenditures s 401 ,500 Fund Balance, December 31, 2008 s 288,565 C11mmm.i1I R~v11l~DK I. ,go Et!m! Fund Balance, January I, 2008 s 88,154 Revenues $ -0 - Expenditures s 88,154 Fund Ba lance, December 31, 2008 $ -0- CQllllllYDin! D~v,l .>Rm!rnl Elllll! Fund Balance, January I, 2008 s -0- Revenues s 290,000 Expenditures s 290,000 Fund Balance, December 31, 2008 s -0- • • Dopog EWMI Fund Balance, January I, 2008 s 251,558 Revenues s 89,100 Expenditures s 97,845 Fund Balance, December 31, 2008 $ 242 ,813 Malley Ccmer Iolll Fund Fund Balance, January I, 2008 $ 239 ,246 Revenues $ 23 ,100 Expenditures $ 50,070 Fund Balance, December 31 , 2008 $ 212,276 fndll All!! EC!.[Cllli9D ID!il EIIDI! Fund Balance, January I, 2008 $ 415,981 Revenues $ 13,500 Er.penditures $ 29,738 Fund Balance, December 31, 2008 $ 399,743 Opeo Space Euol! Fund Balance, January I, 2008 $ 207,276 Revenues $ 675,000 • Expenditures $ 878,955 Fund Balance, December 31, 2008 $ 3,321 Section 4. DEBT SERVICE FUNDS Qeneral Oblia•lion Bond Fun , Fund Balance, January I, 200 8 $ 55 ,905 Revenues $ 1,110,000 Expenditures $ 1,112,635 Fund Balance, December 31 , 2008 $ 53,270 ~ CAPITAL PROJECT FUNDS l'ubHc lmprovemeo1 Fun<! Fund Balance, January I, 2008 $ 3,884,689 Revenues $ 4,143,957 Expenditures and Transfers $ 4,271.824 Fund Balance, December 31, 2008 s 3,756,822 • Capital Projec1s fwid Fund Balance, January I, 2008 $ 465 ,517 Revenues and Transfers In s 531 ,535 Expenditures $ 847,052 Fund Balance , December 31 , 2008 s 150,000 ~ ENTE RPRISE FUNDS ~ Fund Balance, January I, 2008 s 3,842,827 Revenues s 7,979,014 Expenditure, s 8,617 ,038 Fund Bal ance, Decemb er 31. 2008 s 3,204 ,803 ~ Fund Balance , Janu ary I, 2008 S 11,750,760 Revenues S 12,937.272 Expenditures $ 16,406.179 Fund Balance, December 31 , 2008 s 8,281,853 Storm Drajnage Fund Fund Bal ance, Janu ary I, 2008 $ 681,558 Revenue s $ 348 ,265 Expenditures $ 370,527 Fund Balance, December 31 , 2008 $ 659 ,296 Golf Course F'.lfld Fund Balance, January I, 2008 s 287,375 Revenues s 1,976 ,667 Expenditures s 1,970,162 Fund Balance , December 3 I, 2008 s 293,88 0 Concrete Utility Fund Fund Balance, January I, 2008 s 405,960 Revenues s 621 ,200 Expenditures s 692,836 Fund Balance, December 31, 2008 s 334 ,324 Ho111wa l!,gJBl!ili111ion flll!!I Fund Balance, January I, 2008 s 1,594 ,27 1 Revenues s 1,324,500 Expenditures $ 1,744,500 • Fund Balan<'.c, Dcccmbcr 31 , 2008 $ 1,174,271 • • • ~ INTERNAL SERVICE FUNDS Sqyjcemer Fund Fund Balance, January I, 2008 s 348,098 Revenues $ 1,876,787 Expendilures s 2,081 ,861 Fund Balance, December 31 , 2008 s 143,024 C111illl Egyjpment B~IIS.SIIICDI FllDQ Fund Balance, January I, 2008 s 608,600 Revenues s 76:;,5J3 Expendicurcs s 1,104,870 Fund Balance, December 31. 2008 , . . , 269.423 Risk Manaoement EYDII Fund Balance, January I, 2008 $ 485.474 Revenues $ 1.329,164 Expendilurcs , 1.266,802 Fund Balance , December 31 , 2008 547 .8.16 Employee Benefics Fund Fund Balance, January I, 2008 s 487,909 Revenues s 5,021,477 Expenditures $ 5,019 ,072 Fund Balance, December 31, 2008 s 490,314 Central Services Fung Fund Balance , January I, 2007 $ 233,958 Revenues $ 342,000 Expendilurcs s 441,711 Fund Balance, December 31, 2008 $ 124,247 ~-That chc said budge! shall be a public record in lhc office of the Cicy Clerk and shall be open 10 public inspeclion . Sufficienl copies !hereof shall be made available for lhe use oflhc City Council and the public, lhc nwnber of copies to be determined by the City Manager. Introduced, rear. in full, and passed on first reading on the 1st day of Oclober, 2007 . Published as a Bill for an Ordinance on the s• day of October, 2007 . • Read by title and passed on final readina on the I 5th day of October, 2007 . Published by title u Ordinance Na677, Series of 2007, on the 19• day of October, 2007 . I, Loucrishia A. Ellis, City Clerk of the City of Englewood , Co lorado , hereby cenify that the above and foregoing is_,-\q'e copy of the Ordinance passed on fi reading and published by title as Ordinance No .~ Series of 2007 . • • • COUNCIL COMMUNICATION Date: Agenda Item: Subject: October 1, 2007 11 a iii Bill for an Ordinance Aciopting the Budget for Fiscal Year 2008 Initiated By: I Staff Source: Department of Finance and Administrative Services Frank Gryglewic z, Director COUNCIL GOAL AND PREVIOUS COUNCIL ACTION City Council and staff held a 2007 Goals/2008 Budget discussion on May 19, 2007 . Since that time 1ty Council and staff met num erous times at Study Sessions to address budgetary issues . A preliminary budget summary and update was done on September 10, 2007. A Public Hearing regarding the prop ose d 2008 Budget was held on September 17, 2007. The operating budgets and Multiple Year Capital Plan for all City departm ents and funds we re revie we d at a budget retreat held on September 22, 2007. RECOMMENDED ACTION • Staff re com mends Council app rove the proposed Bill for an Ordinance adopting the 2008 budget. • BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED The Charter of the City of Englewood requires the City Council to adopt the next yea r's Budg et and Appropriation Ordinances no later than thirty days prio r to the first day of the ne xt fiscal yea r. FINANCIAL IMPACT The General Fund is budgeting total sources of funds of $39,0S l ,2 39 and total uses offunds of $39,493 ,551 leaving an unreserved/unde~ignated fund bala nce of $3 ,708,071 or 10 percent of total revenues. The total General Fund appropriation is $39,493 ,SSl for 2008. UST OF ATTACHMENTS Proposed Bill for an Ordinance