Loading...
HomeMy WebLinkAbout2003 Resolution No. 085• • • RESOLUTION NO . f'S SERIES OF 2003 -- A RESOLUTION FOR THE APPROPRIATION AND TRANSFER OF FUNDS . WHEREAS, the En i:Jc"· :JJ City Council held a ~004 Budget RctrcDI on Scp1cmber 27 . 2003 to di sc uss the proposed 2004 Bu dg ti: 1ui:.i WHEREAS . C,ty Co uncil approved the 2004 Budget and Approprintio n on nnn l rending on Novembe r 3. 2003 : nnd WHERF.A.~ ~f. Council di sc ussed the 2004 Budget nt 1he November 24. 2003 Stud y Se ss ion and direc ted slaff 1,. "TJend th e 2004 Budget as 10 1hc Safety Services Dcpanmcnl and Municipal Coun: NOW. THEREFORE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD. COLORADO. THAT : ~-The Englewood Ci1y Co unci l he reby amends the 2004 Bud ge t as follow!.: GENERAL FUND Source of Funds : Unresen•cd/Undcsignatcd Fu nd Bo.lance Use or Fund"' Safet y Services Dcpnnmcnt: Staffing Pension Contribution Toia l Municipal Cou n : Staffing 10 Continue Office Hours Deferre d Revenue Sales Tai( Account S62i.500 S3I0 ,500 Sl.ZlLll!l!l $480 ,500 S 47 ,000 SI00.000 ~-The City Man age r and the Directo r of Financial and Admi ni strat ive Sel'\•iccs arc hereby nuthorizcd 10 mo.kc the above changes 10 !he 2004 Budget of the City of Englewood . I, Loucrishia A. Ellis, Cit y Clerk for~_9ty of Englew above is a tru e copy of Reso lu tion No . ~. Series of 200 Loucrishia A. Ell is, City Clerk COl>'lC!l COMMU N ICATION Date Agenda Item Subject D ecember I. 2003 I I c i Sup pl emental Appropria tion to th e Ci ty oi Englewood 200 4 Bud get fo r th e Safety Services and Municinal Co urt D eoartm enls Initiated By I Slaff So urce D eoa rtm ent o f Fi nance and Administral ive Services Frank Grvil lewicz , 'llrec tor COUNCIL GOAL AND PREVIOUS COUNC IL ACl lO N The Cou nci l held a 2004 budget worksh o p on September 27, 2003 to dis cuss th e pr oposed 2004 Bud ge t. City Cou nci l approve d th e 2004 Budg et and Appropriation o n final reading on November 3, 2003 . Citv Coun ci l dis c usse d th e 200 4 Budget at th e N o•"mber 24, 2003 study sess ion and direc ted City staff to amend th e 2004 Bud get at that time. RE C0/\1 .',iENDED ACTI ON Staff recomm ends City Council approve th e a, sol uti o n for a supplemental appro priation for th e '.,afety Services D epartment and th e Municipal Cu .. The attac hed suppl emental appropriation amtnds ,he 2004 Bud ge t as dete rmin ed b)' Ci ty Coun cil at th e study sessio n hel d on November 24, 2003. Th e supplemental appropria tion pr ovides fun ding for two des k officers ($99,500), thr ee police offi cers • ($2 11 ,000), estima ted pensi or contribution s IS 170,000), and Municipal Court staffing 10 continu e offi ce • ho urs ($47,000). Th e so ur ce s and uses of th e funds are: GENERAL FUND Source v.r Funds : U nreserv1cd /Undesigna ted Fund Balanc e Use of funds : Safety Serv ic es Department: $627,500 Res to ration of Posi tions and Pensi on Co ntributio n S480,500 Municipal Court: Perso nn el Ex penditures to Continu e Office H ours $4 7,000 Deferred Reve nu e Sa les Ta x Ac co unt S 100,000 The City of Eng lewood is required by City Ch arter to ensure th at expendit ur es are not made w ithout proper appropria tion by City Council. Th e attached reso lution appropria tes funds to ens ure that th e City of En glewo od compliB wi th lega l res tri ctions governing local budge tin g. FINANCIAL IMPACT Th ese suppl emental ap propriations will reduc e th e projec ted General Fund unre,erved fund bala nce by $62 7,500. The pro jected unreserved/undesigna ted fund balan ce at Dece mber 31, 2004 w ill be $3 ,403,052 o r t 0.3 perce nt o f budget ed re ven ues. UST OF ATTAC HMENTS Proposed reso luti o n •