HomeMy WebLinkAbout2003 Resolution No. 037•
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RESOLUTION NO. ;}i__
SERJES OF 2003
A RESOLUTION APPROVING THE 2002 YEAR END SUPPLEMENTAL
APPROPRIATIONS TO COMPLY WITH CITY CHARTER REQUIREMENTS .
WHEREAS, all expendilUres an d expenses are ofte n not known until all invoices and
pu rchase orders arc processed at or afte r year end ; an d
WHEREAS , supplemental appropriations are often necess ary after all expenses are
proce ssed; and
WHEREAS, the City of Englewood is required by City chaner 10 ensure that
expen ditures do not exceed legally adopted appropriations,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ENGLEWOOD, COLORADO, AS FOLLOWS :
~-The Budget for the City of Englewood, Colorado , is hereby amended for the
year ending 2002, as follows :
GENERAL FUND
Source ofFunds :
Unreserved/1.Jndesignated Fund Balance
State Library Grant
FEMAGrant
Use ofFunds.
Library Services
Pay adjus1ment to correct hourly wage error from 2000
Staff training related to computer upgrade
State Library Grant related costs
Subtotal
Safety Services
FEMA Firefighters Grant Program
DONORS FUND
So ·,rce ofFunds :
Forfeiture funds
Use ofFunds:
Fox Street Police Substation rem odeling and rental c sis
PAVING DISTRICT NO. 38
Soun:e of Funds:
Special Assessment Fees
Use ofFunds:
Bond Principal
$5,700
$9,000
lli..lli
$36,549
$4,800
$900
ruQQ
$14,700
lllli
$36 ,549
$20,000
$20,000
$700
$700
STORM DRAINAGE FUND
Source of Funds :
Retained Earnings $70 ,000
Use of Funds
Capi tal Outlay $70,000
CONCRETE UTILITY FUND
Source of Fuods :
Re ta ined Earnings $89,000
Use ofFunds:
Capital Bud geted in 20 01 Comp leted in 2002 $89,000
HOUSING REHABILITAT IO N FUND
Source ofFunds:
Retained Earning s $100,000
Program Sources $200,000
Use ofFunds :
Program Costs $200,000
A VS Project Costs $100,000
Section 2. The City Manager and the Director of Finance and Administrative Services
are hereby au th orized to make the above changes to th e 2002 Budget for the City of Eng lewo0<I.
ADOPTED AND APPROVED thi s 17• day of March, 2003 .
I, Loucri shi a A. Elli s, City Clerk for the City ;/bnglcwood,
above and foregoing is a true co py of Re so lution No. , erie
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CO UNCIL COMMUNICATION
Date Agenda Item Subject
March 1 7, 2003 10c ii Supplem ental Appropriati on for yea r-e nd 2002
to comolv w ith Citv Char!c, re auirem enls
Initiat ed By I Staff Soo,rce
D epartment of Fin ance and Administrative Servi ce s Frank GrvQ lewicz. Di rec tor
COUNCIL GOA L AND PREVIOUS COUNCIL ACTION
The Council approved th e 2002 Budget and Appropriat ion on final reading November 5, 2001 .
RECOMMENDED ACTION
Staff recommends Council approve th e att ac hed reso luti on fo r supplem ental appropri ati o ns for the year
ending 2002 . Th ese addi tir,nal funds are required because all expendit ures and expens es are ofte n not
known until all in voices ard purchase o rd ers are processe d at or after year-e nd.
The sources and uses of ,he funds are:
GENERAL FUND
Source of Funds ;
Unreserved/Undesignated Fund Balan ce
State Library Gran t
FEMA Grant
Use of Funds;
Library Services
Pa y adjustm ent to correct hourly wage error from 2000
Staff lrainin• related l o computer upgrade
Stal e Libra!) Grant related cos ts
Subtotal
Sa fety Services
FEMA Fir efighters Gra nt Program
DONORS FUND
Source of Funds :
Forfeiture fund s
Use of Funds :
Fo x Street Poli ce Subs tati on remodeling and rental cos ts
PAVING DISTRICT NO. 36
Source of Fund s:
Special As sess m ent Fe es
$5,700
$9,000
.s1JM2
$36,549
$4,800
$900
il..QQQ
$14,700
$36,549
$20,000
$20,000
$700
use of Funds :
Bo nd Prin cipa l
STOR ,., DRAINAGE FUND
Source of Funds :
Retained earn i ngs
use of Funds ;
Capi tal outl ay
CONCRETE UTILITY FUND
source of Funds;
Retained earnings
use of Funds ;
Capital budgeted in 2001 completed in 2002
HOUSING REHABILITATION FUND
source of Funds;
Retained ea rnings
Program So urces
use of Funds ;
Program Costs
AVS Project cos ts
$700
$70,000
$70,000
$89,000
$89,000
$100,000
$200,000
$200,000
$100,000
Th e City of Eng lewood is required by City Charter to ens ure that expendi tures do not exce ed legally
adopted appropria tions. The attached resol ution appropriates tunds to ensure th at the City o f Engl ewood
compli es with legal restrictions gove rn ing local budgeti ng.
FINANCIAL IMPACT
Th ese supplemental appropriations w ill reduce Ge nera l Fund unreserve d fund balance by $5,700. The
D o no rs' Fund is being am ended to reflect the lease 0 1 the new Fox St reet Police Substation th at was paid
fo r w ith forfeiture funds . Pavin g District No. 38 D ebt Serv ice Fund unreserved fund balance w ill be
decreased by $ 700. Additional principa l received from specia l assessme nts covers th e red ucti on in fund
balan ce . TI1 e Concrete Utility Fund retai ned earnings is reduced $89,000 by this action fo r ca pital
budgeted in 2001 but not completed until 2002 . Th e Storm Drainage Fund retained ea rnings is reduced
$70,000 fo r pavi ng an d striping on Dartmouth Ave. Th t ~ousing Rehabilitation Fund retain ed earnings are
bei ng red uce d $100,000 du e to work don e on the AVS Pr tiect. These costs will be recovered w hen the
prope rty is sold.
LIST OF A TT ACHMf · fS
Proposed resolution
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