HomeMy WebLinkAbout2007 Resolution No. 040I
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RESOLUTION NO, .i£2._
SERIES OF 2007
A RESOLUTION APPROVING A SUPPLEMENT AL APPROPRIATION TO THE 2006 AND
2007 BUDGETS FOR THE GENERAL FUND, THE CONSERVATION TRUST FUND, THE
OPEN SPACE FUND, AND THE ENGLEWOOD URBAN RENEWAL AUTHORITY .
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WHEREAS, the City of Englewood is required by City Chener 10 ensure that expenditures do
not exceed legally adopted appropriations: and
WHEREAS, the Englewood Urban Renewal Authority requires funding for operations for
2006 and future years ; and
WHEREAS, this supplemental appropriation to the 2007 Budget for the Conservation Trust
Fund and Open Space Fund are required for capital projects ; and
WHEREAS. the 2007 City Manager's budget requires supplemental funds to cover allocated
share of the salary of the Program Administrator;
NOW , THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
Section I . The Budget for the City of Eng lewood, Colorado, is hereby amended for the year
,nding 2006, as follows:
2006 SUPPLEMENTAL APPROPRIATION
GENERAL FUND
SOURCE OF FUNDS:
Fund Balance
USE OF FUNDS :
Transfer Out to Englewood Urban Renewal Authority
ENGLEWOOD URBAN RENEW AL AUTHORITY
SOURCE OF FUNDS:
Transfer in from General Fund
USE OF FUNDS:
Operating Expenditures
2007 SUPPLEMENTAL APPROPRIATIONS
CONSERVATION TRUST FUND
SOURCE OF t'UNDS:
Fund Bala.ice
$50,000
$50,000
$50,000
$50,000
$175,000
Engl.wood KIIGIH\ion CCIJlq Fumliwe
Tola!
USE Of FUNDS:
Contingency
OPEN SPACE fUND
SOURCE OF FUNDS:
Fund Balance
USE OF FUNDS :
Tennis/Basketball Court Renovations
GENERAL FUND
SOURCE OF FUNDS:
Fund Balance
USE OF FUNDS :
City Manager 's Office
S 10 OOQ
$185,000
$185,000
$ 35 ,000
S 35 ,000
$ 36,741
S 36,741
~ The City Manager and the Director ofFinance and Administrative Services are
hereby authorized to make the above changes to the 2006 and 2007 Budgets for the City of
Englewood .
ADOPTED AND APPROVED this 19~ of March, 2007 .
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ayor
I, Loucrishia A. Ellis, City Clerk for J1'-City of Englewood, Co
above is a true copy of Resolution No . '1JL...., Series of 2 .
o, hereby certify the
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COUNCIL COMMUNICATION
Date: Agenda Item: Subject:
March 19, 2007 11 c I Supplemental Appropriation to the 2006 and 2007
Budg~ts for the Conservation Trust and Open Space
Funds, EURA, and City Manager 's Offi c,?
Initiated By: I Staff Source:
Department of Finance and Administrative Services Frank Gryg lewicz, ,Jirector
COUNCIL GOAl AND PREVIOUS COUNCIL ACTION
City Council has not discussed this specific topic, but Council has made "A City that provides and
maintains quality ;nfrastructure " an important outcome in th e 2006 ano 2007 Budgets . The EURA's
funding situa tion has been discussed on prior occasions.
RECOMMENDED ACTION
Staff recommends Council approve th~ attach ed Resolution for supplemental appropriation to the
1006/2007 Budgets for Cons erva tion Trust and Open Space Fund capital projects as well as
funding the EURA op,,rations for 2006 and future yea rs. The 2007 City Manager 's bud 6et requires
supplemental funds t<• cover an allocated share of th e salary of the Program Administrator.
Th e EURA has no funding but has some ongoing expenditure;; the largest single expenditure is for
audit services whic h are appro ximately $6 ,000 per year. The $So,or.o would allow the Authority to
operate for a number of years without having to request additio11al funds from the Ci~,.
2006 SUPPLEMENTAL APPROPRIATION
GENERAL FUND
SOURCE OF FUNDS:
Fund Balan ce
USE OF FUNDS :
Transfer Out to EURA
ENGLEWOOD URBAN RENEWAL AUJHORUY
SO URCE OF fUNDS:
Transfer in fror-i General Fund
USE OF FUNDS:
Operating Ex~ ,ndltures
$50,000
$50,000
$50,000
$50,000
2007 SUPPLEMENTAL APPROPRIATIONS
CONSERVATION Ill ' 1ST FUND
SOURCE OF FUNDS:
Fund Balance
Englew,1od Recrea1100 ceo1er furnuure
Total
USE OF FUNDS :
Contingency
OPEN SPACE FUND
SOURCE OF FUNDS :
Fund Balance
USE Of FUNDS:
Tennis/Basketball Court Renovations
GENERAL FUND
SOURCE Of FUNDS:
Fund Balance
USE Of FUNDS:
City Manager's Office
FINANCIAL IMPACT
;175,000
$)0000
$185 ,000
$185,000
$35 ,000
$35 ,000
$36 ,7 41
$36,741
This action will reduce the Conservation Tru st and Open Space Funds fund balances by $175,000
and $35 ,000, respecti vel y. The General Fund 's reserves will be redu ced $86 ,7 41.
LIST Of ATTACHMENTS
Proposed Resolut:on
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