HomeMy WebLinkAbout2007 Resolution No. 044•
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RESOLUTION NO . 1/-1/
SERIES OF 2007 --
A RESOLUTION APPROVING A SUPPLEMENT AL APPROPRIA TJON TO THE 2006
BUDGET l·OR THE VARIOUS FUNDS .
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do
not exceed legally adopted appropriations ; and
WHEREAS, this supplemental appropriation is to the 2006 Budget for various funds requiring
a supplemental appropriation for fiscal yea r 2006 ;
WHEREAS , the expenditures and expenses arc often not known until all transactions are
processed after year end; and
WHEREAS , supplemental appropriations arc often necessary after all expenses arc processed ;
and
WHEREAS, this supplemental appropriation to the 2006 Budget General Fund for the Pu blic
Works Department is a result of unexpected CAM charges for snow removal not included in the
2006 Budget; and
WHEREAS, this supplemental appropriation to the 2006 Budget General Fund for the Parks
and Recreation Department 's 2006 appropriation was exceeded because water usage was higher
than expected and the additional cost of :oncessions and personnel were higher than expected but
were partially offset by revenues ; and
WHEREAS, this supplemental appropriation to the 2006 Budget General Fund for the Library
was due to personnel insurance costs not budgeted ; and
WHEREAS, this supplemental appropriation to the 2006 General Fund is for redevelopment
expenditures related to the Sheridan/Golf Course project that were offset by revenue ; and
WHEREAS , this supplement al appropriation to the 2006 Budget General Fund is for debt
service agent fees which were not originally included in the 2006 Budget; and
WHEREAS, this supplemental appropriation to the Donors fond is for installed computer
aided dispatch upgrade using forfeiture funds which were not ir,cluded in the 2006 Budget ; and
WHEREAS , tt.is supplemental appropriation to the Concrete Utility Fund is for capital costs
that were not included in the 2006 Budget; and
WHEREAS, this supplemental appropriation to the Central Services Fund is for the costs of
goods sold which wa; higher than expected for 2006 but offset by interdepartmental billings;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS :
~-The Budact for the City of Enalcwood, Colorado, is hereby amended for tile year
cndina 2006, u follows :
GENERAL El/NP
SOURCE OF FUNDS:
Unrcscrvcd/Undesignatcd Fund Balance
Reimbursement from Deve loper
Recreation Proa. m Revenues -Pirales Cove
Total
USE OF FUNDS:
Public Works -CAM Costs (Snow Removal)
Parks and Recreation :
Pirates Cove Personnel and Concessions
Parks Division -Water Usage
Library -Personnel Insurance Not Budgeted
Contingen cy-GolfCo=e Redevelopment Costs
~~, .,,;ce -Agent Fees
Total
DONORS FUND
SOURCE OF FUNDS :
Reserved Fund Bal ance -Forfei --:c Board
USE OF FUNDS:
Computer Aided Dispatch System Upgrade
PARKS AND RECREATION TRUST FUND
SOURCE OF FUNDS:
Interest Income
USE OF FUNDS:
Scholar.;hips
PAVING DISTRICT 35
SOURCE OF FUNDS:
lnter,,st Income
USE OF FUNDS:
Interest on lntcrfund Loan
CONCRETE l/JILITY FUND
SOURCE OF FUNDS:
Retained Eaminp
$140,551
$102,000
S 80000
$322,551
S 50 ,000
S123,000
S 30 ,000
S 15 ,000
S102 ,000
$ 2.55)
S32 2,551
$ 96 .000
$ 96 ,000
$ 600
$ 600
S 200
S 200
$ 30,000
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USE OF FUNDS:
Capiial Ou1la y
CENTRAL SERVICES FUND
SOURCE OF FUNDS :
ln1erdepanmen1al Billings
USE OF FUN DS:
Cosl of Goods Sold
$ 30 ,000
S 8,COO
S 8,000
~ The Cily Manager and I he Direclor of Finance and Adminis1ra1ive Services are
hereby aulhorized 10 make 1he above changes 10 1he 2006 Bud ge! fo r 1he Ci1y of Englewood .
ADOPTED AND APPROVED Ibi s 71 h of May, 2007 .
A&{) . 1/
0 ®'/2itJktl.ta . 0 'Loucnshia A. Ellis , Ci1 y Clerk
I, Loucrishia A. Elli s, Cily Clerk for)~ fi1y of Englewood, Co lorado, hereby certify lhe
above is a lrue copy of Reso lution No . ::a_, Series of 2007 .
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COUNCIL COMMUNICATION
Date: Agend a Item: Subfttt:
Ma)' 7, 2007 11 c I Su pplemental Appropriation to the 2006 Budget for
the G eneral and Other City Funds
Initi ated By: I Sta ff Source:
Finance and Admi nistra tiv e Serv ices D epartment Frank G ryglewicz, D irecto r
COUNCI L GOAL AND PREVIOUS COUNCIL ACTION
City C o uncil has no t discuss ed this supplement specifica lll', but has discusse d the ac ti vities of th e
vari o us funds requiri ng the supplemental ap propriation for Fis cal \'ear W06 .
RECOMMENDED ACTION
Staff recommends Cir , Co unci l approve the attach ed Resoluti o n for a supplemen tal ap p ropriation
o f fund s fo.-the foll ow. ,1g funds :
GENER AL FU N,~
SOURCE OF FUNDS :
Unrese rv ed/Unde signated Fund Balanc~ $1 40,551
Reimbu rs emen t from Deve loper $102 ,000
&~r!!aliQD er2srnm B ~v c □uf ~ -Piralt~ CQVt SaQQQ!!
Tota l $322 ,551
USE OF FUNDS:
Public Works -CAM Cos ts !Snow Remova l) $50,000
Parks an d Recrea tion :
Pirate s Cove Personnel .·md Concess ions $12 3,000
P,uks Division -Wate r Usage $30,000
Lib rary -Pe rsonnel Insurance Not Bu dgeted $15,DJ0
Contingen cy -Golf Co urse Redevelopment Costs $102 ,000
12!:bl Sc~i,i! -6 8!:DI Etc~ s~m
Tota l $322 ,551
DONORS FUND :
SOURCE OF FUND S:
Reserved Fund Bal ance -Forfeiture Board $96,000
USE OF FUNDS:
Computer Aided Dispatch System Up&rade ,96.000
PAIIKS AND RECREATION TRUST FUND
SOURCE Of FUNDS:
lntertSI lncom•
USE Of i'UNDS:
Scholarships
PAVING DISTRICT 35
SOURCE Of FUNDS:
lnlerest Income
USE OF FUNDS :
Interes t on lnterfund loans
CONCRETE UTILITY FUND:
SOURCE OF FUNDS:
Retained Earn in gs
USE OF FUNDS:
Capit al Ouday
CENTRAL SERVICES FUND :
SOURCE OF FUNDS :
Int erdep artm ent al Billings
USE OF FUNDS :
Co st of Goods So ld
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
5600
S600
S200
S200
$30 ,000
S30 ,000
S8,0C0
ss,ooo
Th is supplemen t•I is presented for Council cons ideration because total expenditures for the year
are not fully known until all expenditures are paid, which is often months aft er year-end .
The appropriation fo r Public Works is a result of unexpected CAM charges for snow removal not
included in the 2006 Budge L The Parks and Recreation Oepartment's 2006 appropriation was
exceeded because water usage was higher than expected and th e additional co ;t of conc essions
and personnel were higher than expected but were partially offs et by revenues . The Library had
personnel insurance costs that were not budgeted. The City accounted for but did no! budge t for
the rede velopment expenditures related to the Sh eridan /Golf Course project ; these expend , Jres
were funded by the developer. Debt service agent fees were not originally included In the 2006
Budge t
The Donors Fu nd Insta lled a computer aided dispatch upgrade i.-:>'~s forfeiture funds which were
not Included In the 2006 BudgeL
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Park, and Recreation Trust Fund did not appropriate expenditures for scholanhlps which were
funded with Interest earned .
The Concrete Utility Fund had $30,000 In capital costs that were not included In the original
budget.
Paving District 35 made Interest payments on lnterfund debt which was not budgeted but was
funded by Interest Income .
The Central Services Fund's cost of goods sold was higher than expected for 2006 but offset by
Interdepartmental billings .
FINANCIAL IMPACT
This appropriation will reduce the General Fund's unreserved/undesignated fund balance by
$140 ,551 . The Donors Fund's reserved fund balance will decrease by $96 ,000 . The Concrete
lJtlllty Fund 's retained earnings will decrease $30,000. The rest of these actions were offset by
additional billings, revenues or earned interest.
LIST Of ATTACHMENTS
Resolution