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HomeMy WebLinkAbout2007 Resolution No. 037• RESOLUTION NO.-fl_ SERIES OF 2007 A RESOLUl1ON APPROVING THE RE-APPROPRIA TJON AND SUPPLEMENT AL APf ROPRIA TION TO THE 2007 BUDGET TO COMPLY WITH CITY CHARTER REQUfREMENTS. WHEREAS, the City Council of the City of Englewood, Coloredo has made "A City that provides and maintains quality infrastructure" an imponant outcome in the 2006 and 2007 Budgets; and WHEREAS, re-appropriation and a Supplement al appropriation to the 2007 Budge! for the Conservation Trust and Open Space Fund capital projects is necessary to balance the 20,17 Budget; and WHEREAS , the City of Englewood is required by City Chaner to en.sure that e,penditures do not e,ceed legally adopted appropriations. NOW, THERl:.FORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS : ~-The 2007 Budf:•t for the City of Englewood, Colorado, is hereby amended for the year ending 2007, as foll ~w-,. • CONSERVATION TR1.,.,;··1 .-UND: • Source ofFunds : Fund Balanc• Little Pa Creek Fiber Dom Proiect Total lh£_of Funds : Pirates Cove Filter Addition OPEN SPACE FUND: Source ofFunds: Fund Balance Park Shelter Rcnovatjons ITo Cushing Park Bridge) Total Use of Funds : Open Space Land Bank Big Dry Creek Trail &tension Sinclair School In-Linc Hoclcey Cushing Park Bridge Playground AdditiollliR.enovations Dartmouth Bridge Match Englewood Trailhead Grant Funds Englewood Truilhead Match Funds $ 40,000 $110 000 $160,000 $150,000 $749,346 S 5,000 $754 ,346 $100,000 $ 50,000 $262,146 S 5,000 $ 5,355 $ 40,000 $101,492 $ 20,358 Mary Carter Greenway/Buffer Grant Funds Marv Carter Greenway/Buffer Match Funds Total SUPPLEMENT AL APPROPRIATION: OPEN SP. ::E FUND: Source of Funds : Fund Balance Use of Funds : Mary Carter Greenway/Buffer Match Funds Dartmouth Bridge Match Funds Total $114,229 S ss 766 $754,346 $252 ,000 $125,000 $127,000 $252,000 ~ The City Manager and the Director of Finance and Administrative Services are hereby authorized to make the above changes to the 2007 Budget for the City of Englewood . ADOPTED AND APPROVED this 20th of February, 2007 . • • • • • • COUNCIL COMMUNICATION Dale: Agenda Item: Subfect February 20, 2007 11 cl Re-Appropriation and Supplemental Appropriation to the 2007 Budget for the Conservation Trust and Open Space Funds Initialed By: I Staff Source: Finance and Administrative Services Department Frank Gryglewlcz, Director COUNCIL COAL AND PREVIOUS COUNCIL ACTION C ty Council has not discussed this specific topic, but Council has made • A City that provides and mainta ins quality infrastructure" an Important outcome In the 2006 and 200 7 Budgets . RECO•AMENDED ACTION Staff recommends Council approve the attached Resolution for a Re-Appropriation and a Supplemental Appropriation to the 2007 Budget for Conservation Trust and Open Space Fund capital projects. CONSERVATION TRUST FUND: SOURCE OF FUNDS: Fund Balance Little Dry Creek Fiber Dam Project Total USE Of FUNDS: Pirates Cove Filter Addition OPEN SPACE FUND: SOURCE Of FUNDS : Fund Balance Park Shelter Renovations [o Cushing Park Bridge) Total USE Of FUNDS: Open Space Lantl Bank Big Dry Creek Trail Extension Sinclair School lMJne Hockey Cushing Park Bridge Playground Additions/Renovations Dartmouth Bridge Match Englewood Trallhead Grant Funds Englewood Trallhead Match Funds Mary Carter Greenway/Bu«... Grant Funds MaD' Carter GceeoWJY{B:ufter Match Funds Total $40,000 $]]0000 $150,000 $150,000 $749,346 $5000 $754,3 1,6 $100,000 $50,000 $262,146 $5,000 $5,355 $40,000 $101,492 $20,358 $114,229 $55.766 PS ◄,346 SUPPLEMENT AL APPROPRIATION OPEN SPACE FUND: SOURCE Of FUNDS: Fund Balance USE Of 'iUNDS: Mary Carter Greenway/Buffer Match Funds partmoyth Bridge Match funds Total FINANCIAL IMPACT $252,000 $125 ,000 $]27.000 $252 ,000 This action wll1 reduce the Conservation Trust and Open Space Funds fund balances by $40,000 and $1,001,346 , respectively. LIST Of ATTACHMENTS Proposed Resolution • • •