HomeMy WebLinkAbout2005 Resolution No. 074•
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RESOLUT ION NO . !Ji
SERIES OF 200 5
A RESOLUT ION APPROV I 'GA TRANSFER ANO APPROPRIAT ION FUR THE 2005
BUDGET OF TBE CITY OF ENGLEWOOD , COLORADO FOR THE CIVIC CEN T ER
CU LTURAL ARTS SPACE PROJECT .
WHEREAS, the Ci ty of Englewood is requi red by City Chart er to ens re ,hu t expe nditures arc
not made with ou t prop er appropriati on by Ci ty Counc il ; and
WHEREAS , the Englewood City Co uncil of the City of Englewood apprO\ ed the 2005 Budg et
and Appropriat ion Ordinance on fina l reading on November 15, 2004; and
WHEREAS, the City of Englewood is required by Ci ty charter to ensure tlt at expend itu res do
not exceed legally adop ted appropri ati ons.
NOW , THEREFORE, BE IT RESOL VED BY THE CITY COUNC IL OF THE CITY OF
ENGLEWOOD, CO LORADO , AS FO LLOWS:
Sect ion I . The Ci ty of Eng lewood 200 5 Budget is hereby amende d as fo ll ows :
PUBLIC IMPROVEM ENT FUND
Source of Funds :
Cultural Arts Ce nt er Land Bank $l00,000
Use of Funds
Civ ic Center Cu ltural Arts Space Project $100,000
CONSERVATION TRUST FUND
Source ofFun ds :
CTF Continge ncy $100 ,000
Use of Funds
Civic Cente r Cultural Arts Space Proje ct SI Q0,000
Scc tb n.b The City Manager an d the Director of Finance and Adm in istra ti ve Service s are
hereby auth orized to make the above changes to the 2005 Bu dget for th e City of Engle wood.
ADOPTED AND APPROVED th is 15'' da y of August, 2005 .
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COUNCIL COMMUNICATION
Dale: Age nda 11 cm: Subjccl:
Augus t ! 5, 2005 11 C ii Transfer and Appropriati o n of Funds fo r th e
Civic Cen ter Cu ltura l Arts Space Projec t
lniliatcd By: I Staff Source:
D epartment 1Jf Finance and Administ rati ve Servi ce s Frank Gryglewicz, Direc tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council has discussed th is project at length in th e past and appropri ated $177,500 in the Public
Improve ment Fun d for th e project. Cou nci l appropriated $50,000 in the Conservation Trust Fund in th e
2005 Budget.
RECOMMENDED ACTION
Staff recommends Council adopt a Resolut ion approvi ng supplemental appropriatin n to the 2005 Budget.
The appropriations include transferring an additional $100,000 from th e Land Ja nk "' the Civic Center
Cultural Arts Spa ce Proj ec t, and appropria tin g an addi ti o nal $100,000 from 111e Conservation Trust Fund
Co ntingency to the Pr oject.
PUBLIC IMPROVEM ENT FUND
Source of Fund s:
Cultura l A rts Center Land Ba nk $100,000
Use of Funds:
Civic Center Cultura l Arts Space Project $100,000
CO NS ERVATION TRUST FUND
Source of Funds :
CTF Contingency $100,000
Use of Funds:
Civic Cer.ter Cultural Arts Space Project $100,000
The City of Eng lewood is required by City Charter to ens ure that ex p end itures do not exceed lega ll y
adopted appropriations. The attached resolution ap p ropriates funds to ensu re th at the City of Eng lewood