HomeMy WebLinkAbout2008 Resolution No. 035RES OLUTI ON NO. ~
SERIES OF 2008 ~-
A RESOLUTION APPRO VIN G A SUP PL EMENTAL APPROPRIATI ON TO TH E 2007 AND
20 08 BUDG ETS FOR ITEMS NOT PREVIOUSLY APPROPRIATED.
WH EREAS , th e Cit y of Englewood is required by Cit y Chart er to en sure that expenditures do
not exceed legally adopted appropr iati ons; and
WHEREAS , thi s supplem ent al appropriation to th e 2008 Budget is for items inadvertently
omitted from the final Budget and Appropriations Ordinances when submitted and approved by
the Engl ewood City Council in October 2007; and
WHEREAS, this supplemen tal appropriation to the 2007 Budget is due to total expenditures
for the year not being fully kno wn, unti l all expenditures arc paid, whi ch is often months ofter
year-end and therefore not appropriated at the time the 2007 Budget was prepared;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , CCLORADO, AS FOLLOWS :
~-The Budget fo r the City of Englewood, Colorado, is hereby amended for the year
ending 2008, as follows :
2008 SUPPLEMENT AL APPROPRIATION
GENERAL FUND
SOURCE OF FUNDS:
Legislation -Keep Englewood Beautiful (KEB) Contributions
USE OF FUNDS:
Unrcserved/Undcsignated Fund Ba lance
WATER FUND
SOURCE OF FUNDS :
Availab le Funds
USE OF FUNDS :
Pro perty and Liabilit y Insurance Premiums (variou s divi sions)
SEWER FUND
Available Funds
USE m• FUNDS :
Propert y and Liability Insurance Premiums
$ 15 ,000
$ 15 ,000
$ 74,820
S 74,820
$ 7,960
$ 7,960
~etjon 2. The City Manager and the Director of Finance and Administrative Services are
h<reby authorized to make the above changes to the 2008 Budget for the City of Englewood .
Sectio n 3. Th e Bu dge t fo r th e Ci ty of Englewood, olora do, is here by amended fo r th e yea r
end ing 2007 , as fo ll ows:
2007 YE AR END SU PPL EMENTAL APPROPRIATION
GE ERALFUN D
SOU RCE OF FUNDS:
Unreserved/U ndes ignatcd fund Halancc
USE OF FUNDS :
Tran sfer to Donors fund -Keep Englewood Beaut iful
DO NOR S FUND
SOURCE OF FUND S:
Tran sfer In From Genera l ~ Jn c
Reserved Fund Ba lance -Safet y -"vi ces
Unreservcd/Undesignated Fund Buia nce
Total
USE OF FUNDS:
Keep Englewood Beautiful Donors Fund Programs
Safety Services Donors Fund Programs
Recreation Dunors Fund Programs
Total
CO~fMERCIAL REVOLVING LOAN FUND
SOURCE OF FUNDS:
Unreservcd/Undcsi1,'llated Fund Balan ce
USE OF FUNDS :
Grant to Micro Business Development
PARKS AND RECREATION TRUST FUND
SOURCE OF FUNDS:
Unrcservcd/Undcsignated Fund Balance
USE OF FUNDS:
Scholarships
CENTRAL SERV ICES FUND
SOURCE OF FUNDS:
Retained Ea rn ings
USE OF FUNDS:
Cos t of Goods Sold
$ l 1,876
$ 11,8 76
$ 11 ,876
$ 50 ,000
~
$ I 12,000
$ 31 ,000
$ 50,000
LJl..QQQ
$11 2,000
$ 69,800
$ 69,800
$ 1,800
$ 1,800
$ 4,200
$ 4,200
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PAVING DISTRI CT NO. 38:
SOU RCE OF FUNDS:
Assessment Revenues
$ 810
USE OF FUNDS:
Interest On Long Tenn Debt
$ 810
Section 4 The Ci 1y Man ager and the Director of Hnancc and Administrative Services arc
·hereby auth orized lo make the abov e changes to the 200 7 Budget for the City of Englewood.
ADOPTED ANO APPROVED this 7::, d.1y of Apri l, 2008.
J>-= K i,,),,..,.Q.,,.{J V r,mes K. Woodward, Mayo?'-.
I, Loucrishia A. Ellis, City Clerk for l}l~ity of Englewood,
above is n true copy of Reso luti on No. _"5_, Series of2 8.
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COUNCIL COMMUNICATION
Date , Agenda Item: Subject:
Ap ril 7, 2008 11 C ii Suppl emental appro pri;,tion for items no t
appropriat ed in th e 21106 Budget and a year-end
suppl em ental ap pro pr, at ion to th e 2007 Budget
Initiated By:
Finan ce and Administrative Serv ices Departm e.1 t
I Staff Sourc"
Frank G, vglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council has not dis c ussed the se supplemental appropriations specifically, but Council
approved the 2008 Budget and Appropriatio ns Or,finances on final reading in October 2007.
RECOMMENDED ACTION
Staff recommends City Council approve the attach ed Resolution for a supplemental appropriati on
to the 2008 Budget for the following funds:
GENERAL FUND:
SOURCE OF FUNDS:
Legis latio n -Keep Englewood Beautiful (KEB) Contributions $1S,000
USE OF FUNDS:
Unreserved/Undesigna ted Fund Bal ance $15,000
!_VATH FUND:
:,OURCE OF FUNDS:
Ava ilable Funds $74,8~0
USE OF FUNDS:
Property and Liability In su rance Premiums (various divisions) $74,820
SEWER FUND:
SOURCE OF FUNDS:
Av ail abl e Fund s $7,960
USE OF FUNDS :
Property and Liability Insurance Premiums $7,960
Staff recommends C ity Co unci l app rove supplem en tal ap p ropriati o ns to th e 2007 Budge t fo r th e •
fo ll owing funds:
GENERAL FUND:
SO U RCE OF FUNDS:
U nreserv eJ/Undes ignated Fun d Balance
USE OF FUNDS :
Transfer to D o nors Fu nd -Keep Engl ew ood Bea utiful
DONORS FUND :
SOURCE OF FUNDS:
Transfer In from Gene ral Fund
Res erved Fund Bal ance -Sa fety Services
Unreserved/Undesignated Fund Balan ce
Total
USE OF FUNDS:
Kee p Englewood Bea utiful D o nors Fund Programs
Safety Serv ices D o nors Fund Programs
Recrea ti o n D o nors Fund Pr ogram s
Total
COMMERICAL REVOLVING LOAN FUND:
SOURCE OF FUNDS:
U nrese rved/Undesig nated Fund Bal ance
USE OF FUNDS :
Grant to Micro Bu sin ess Develo pment
PARKS AND RECREATION TRUST FUND :
SOURCE OF FUNDS :
Unreserve d/Undesignated Fu nd Balan ce
USE OF FUNDS :
Sc h o lars hips
CENTRAL SERVICES FUNp_.
SOURCE OF FUNDS:
Ketained Earnings
USE OF FUNDS:
Cost of Goods So ld
$1 1,876
$11 ,8 76
$1 1,876
$50,000
.liQ.11.1
$112,000
$31,000
$50,000
fil.QQQ
$112,000
$69,800
$6 9,800
$1,800
$7 ,800
$4,200
$4,200
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• PAVING DISTRICT NUMBER ::.B:
SOURCE OF FUNDS :
Ass ess ment Reve nues $81 0
USE OF FUNDS :
Int erest on Lo ng-Term Deb t $8 10
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
The suppl emen tal ap prop ri ati on fo r 2008 is fo r it ems th at we re disc ussed and in cl uded in tloe 20l I
Pro pose d Bud ge t, but we re in arl v~rt entl y not incl uded in the fi nal Budge t and App ro pri ati ons
O rdin ances submitt ed and approve d by City Co un ci l.
Th e sup plement al ap prop ri ati ons fo r 2007 are prese nt ed fo r Co un cil 's co o1 ,idera 1',,r1 at thi s time
because total ex pendi t ures for th e yea r are often not full y known unt il al t e• ~en cl nu res are ;,aid,
which Is oft en month s aft er year-e nd.
Th e Donors Fund expe nde d fund s fo r KEB (House hold Haza rd o us Was te Ro und Up), Safe ty
Serv ices (Forfeiture Fun ds Pro gr ams), an d Recrea tio n (Ge neral Progra mmin g) in 2007. The
ex penditures of these fund s we re not fu 1iy know n and th erefo re not ap pro pri ated at th e tim e th e
200 7 Bud ge t wa s preoared .
• Th e Co nl mercia l Revo lvin g Loan Fund made a grant to Mic ro Busin ess Deve lo pm ent in 2007 b ut
th e use of th ese fun ds was not anti cip ated and th erefo re not approp ri ated at th e tim e th e 2007
Bud ge t was prepared.
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Park s and Recrea ti on Tru st Fund did not ap propri ate expe nditures fo r sc holarship s whi ch we re
fund ed fr om unreserve d/und es ignated fund balance.
The Ce ntr al Serv ices Fund 's cos t of goo ds so ld was hi gher th an expected fo r 2007 but will be offse t
by int erd epartm ent al billin gs.
Pav in g Di stri ct Numb e r 38 co ll ected assess ments th at we re not bud ge ted and will be used to pay
int eres t on debt.
FINANCIAL IMPACT
The sup plement appro pri ati ons were par t of th e 2008 Prop osed Budge t so th ere will not be an
impac t on th e Bud get as ap proved l,y Co un ci l.
• The Ge neral Fu nd 's 2007 unr es erved /und esig nated fun d balance will decrease $11 ,8 76 .
• Th e Donors Fun d's res erv ed fun d ba lance decrease d by $100,124 for 2007.
• Th e Co mm ercia l Revo lving Loa n Fu nd's 2007 endin g unreserved/un des ignated fun d
balance dec reased $69 ,8 00 .
• Th e Park s and Recrea ti ons Trus t Fund 's 2007 unreserved/und es ignated fun d ba lance
de crease d $1,800.
• The Cen tra l Services' 2007 retain ed ea rnin gs decrease d $4 ,200 b ut th e dec rease w as o ffse t •
by ad di tio nal billin gs o r reve nues.
• Th e reve nue coll ected from ass ess m e nts in Pav i ng D istrict N umber 38 w ill be use d l o p ay
interes t o n lo ng-term deb t.
LI ST OF ATTACHM ENTS
Reso lutio n
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