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Home My WebLink About2001 Resolution No. 005RESOLUTION , 0 . ~ SERIES OF 2001 A RESOLUTION FOR-~ Sl:PPLEMENTAL APPROPRLUI0N ~OR THE 2000 BFDGET OF THE CITY OF ENGLEWOOD , COLORADO . WHEREAS . the Englewood City Council of the City of Englewood. Colorado, approved the ~000 Budget a nd Approp,iation on final reading on :-lo,·ember 15, 1999; and WHERE.~S. the City Council desires to mo.ke certain additions to the 2000 Annual Budget ,vhich were not included in the originul ~000 Budget as adopted on November 16, 1999 ; and w ·"'11.'RE AS , supplemental appropriations for the year end.fog 2000 are required beca use all e:q :!1 •• i.itures 3nd expenses are often not known until all mvoices and purchase orders ru·e process .. •ri ar y'!ur-end; NOW , THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT: ~-The City of Englewood 2000 Budget is hereby amended as follows: GENERAL FUND: Soun:e of Funds: -tlnreserved/Undesignated Fund Balance Community De velopme nt Department 2000 Budget (foe of Funds· City Attorney's Office: Outside Counsel and Prosecution Salaries City Manager's Office City Calendar General Fund Contingency Chnc Ce nter move costs Common .-\re3 :Vfointenance Charges ~Iuseum of Outdoor Arts Contribution Transfer to the Public Improvement Fund for Englewood Parkway Project Tronsfer to the Public lm provement Fund for Sou th Broadway Widening/Medians Project Tr:msfer to Englewood l ;rbon Renew:U Authority for )fo rth Englewoo d Industrial Redevelopment Plan . Blight Study and u rban Renewal Plan /S30 .000 for ~000 & $~3 .000 for 2001 e.pendituresl Tran sfer to the Englewood Envuon.ment:11 Foundation for :1d dit1on.1l items added co the CityCt!nte r Projec t Toto! l"aes of Funds $1,729,000 L.lWlllil $1,8H,000 S 50,00U S 19,000 S 150.000 S 1-17,000 L-.ll.Ofill S 310,000 S 500,000 S 430,000 l"o.000 s.......ill.ill ,1.s3-1,ooo • PUBLIC IMPROVEMENT FUND &.w-:eofFunda · Tra,afers in from General Fund Sa ·1ta Fe and Broadway Landsca ping (2001 appropriation) $ 930,000 ~ ~1se of Funde- Englewood Parkway Alignment Project ~outh Broadway Medians/Widening Project CMC CENTER FUND ~ Transfer from Parka and Recreation Trust Fund l.!R..!2LE.u.wla; Cberrel.vn Horsecar move costs CONCRETE REPLACEMF.NT DISTRICT 1995 ~'Ewlill; Unreserved/Undesignated Fund Balance Use of Fund~ Interest .. m interfund loan PAVING DI5'I'foIC?' NO. 85 Source of Funda 1 Unreserved/Uudei,i gnated fund Balance Uee of Funds : Interest on interfund loan WATER FUND Source of Funds- Retained earnings Use of Funds: Co nstruction budgeted u;' 1998 completed in 2000 HOUSING REHABILITATION FUND Source of Funds : Grant income Program reve nues Miscellaneous Ret.o.ined earnincs r "e of Funds : Program expenses In te rest expense Ca pital outlay J $ 980,000 $ 500,000 IJIIIIJIIW 1 $ &80,000 $ 46,536 $ 45,536 $ 2,800 $ 2,800 $ 28,600 • $ \' $ 700,000 S 700,000 $ 300,0C0 S 582,000 $ 70 ,000 Llati.llilll $1,288,000 ~ A00 ,000 S 52 ,000 ~ Sl.21::10 .V,'.;:'.: RISK MANAGEMENT FUND Source of Fund,· RA!tained earnings IJ1e of Fundn'. Claims expense PARKS AND REC!l.EATION TRU!:t;• FUND Source of Funds: Fund balance Ilse of Funds~ Transfer lo the Civic Center Fund for renovations lo the Cherrelyn Horsecar ,l/ r, ' 200,000 $ 200,000 $ 45, 536 S 45 ,536 ~. The City Manager and the Director of Financial SuviN?s are hereby authorized lo make the above changes lo the 2000 Budget of the City of Enl!'lewood. ADOPTED AND APPROVED this 22nd of Janua:y, 2001. I, Brenda £:Pi:. 'leputy City Clerk for the City of Englewood, Colorado, herebv certify "' ....... -~, ....... ,..No.£~ .. ~ (1u,, Brerulica1tJe • COUNCIL COMMUNICATION Date Agenda llom Sub)lcl . Supplemental Approp~ foi l'M'" Jenuary 22 , 2001 11 Ci end 2000 to comply with City Chl.rter reouirementa Initiated By I Staff Source r .!'08.rtment of Finance and Admlnlslrative ServicAs Frank Grvah-·:i cz, Director 31, :> J COUt;CIL GOAL AND PREVIOUS COUNCIL ACTION The Cou nc il approved the 2000 Budge! and Appropriation on flnal reeding November 15, 1999. RECOMMENDED ACTION 1 Staff recommends Council approve the attached resolution for supplemental appropriations for the year ending 2000. Thele adcitional funds are required because al expenditures and expg nses are often no ! known until all Invoices and purchase otders are processed at or after year-end. The sources and uses ol the funds are: GENERAL FUND ~ .2!.f!mllli Unreservqd/U ndes ignated Fund Balance C<imm unlty Develop men t Department 2000 Budget upotfund1: Cily Attomey's Office Outside Counsel and Prosecution salaries City Manage(s Office City :alendar General Fund Contingency Civic Center move costs Common Area Maintenance ChaI91..s Museum ol Outdoor Ans Contribution Transfe r to the Publ ic Improvement Fund for Englewood $1 ,729,000 ..l!QMQ2 $1,834,000 $50,000 $19,000 $150,000 $147,000 .lli.9.QQ S310,000 Parkway Project $500,000 Transfer to the Public Improvement Fund for South Broadway Widening/Medians Project $430,000 Transfe r to EnglewoOC: Urban Renewal Authority for Nor1h Englewood Industrial Redevelopment Plan - 3Iight Study and Urban Renewal Plan ($30,000 lor 2000 & S75,000 lor 2001 expenditures) $105,000 Tr.?nSler to the Englewood Environmenta 1 Foundation for add iti on al tt ,ms added to the CityCe11ter Project ~ PUBLIC IMPROVEMENT FUND Scutce ot Fynds: Transfer fro m General Fund Sar.ta Fe and Broadway Landscaping (2001 appropriation ) $1,834,000 S930,0u0 .MQ.QQQ S980,000 u., or Fuod ■: Englewood Parkway Alig11ment Project $500,000 South Broa dway Medi&ns.Wlden in g Project ~'l.22!1 $981),000 CIVIC CENTER FUND 7 Sourc, of Fundli Transfer from Parks and Rfl'::reatio n Trust Fund $45 ,536 UH or Fynd,: Cher relyn Horsecar move costs $45 ,536 CONCRETE REPLACEMENT DISTRICT 1995 §.2yrce of Funds; Unreserved/Undeslg nat ed Fund 6alance $2,800 Yl't..2!..Ellnlli lnl•rest o,; inlerfund I031l $2,800 PAVING DISTRICT NO. 35 Source at Fund ■; Unreserved/Undesignated Fund Balance $28 ,600 U&e of Funga: Interest on lnterfund loan S28 ,600 WATER FUND Source qr Fur.di: Retained ea rnings $700,000 Use or Fuoda;. Construction budgeted in 1998 compteted in 2000 $700 ,000 HOUSING REHABILITATION FUND Sourc, of Funds: Grant inc ome $300,000 Program ravenu es $582,000 M!sce llaneous $70 ,000 Reta ir 1d earnings 1m.QQQ $1 ,288 ,000 l!!!.£1 Funds: Progrti.m expenses $900 ,000 Interest expense $52,000 Ca pital outlay ill2.Q!lQ $1 ,288,000 • RISK MANAGEMENT FUND Source of Funds: Roiained earnings Use of Funds: Claims expensa PARKS AND RECREATION TRUST FUND Source of Fun ds: Fund balance Use of Funds; Transfer to the CIVIC Center Fund for renova tions to the Cherre lyn Horsecar 5200.000 5200,000 SJS,536 SJS.5 36 The City of Englewood i::. required by Ci ty Charter to ensure thal axpendilures do not exceed legally adop led appropriations, The attached rescluuon appropriates funds to ensu re that the City ol Englewood complies with legal rest rictions governing local budgeting, FINANCIAL IMPACT These .~upplemenlal appropriations will r13duce General Fund unreseived lund balance by $1,729,000 :i-".I reduc, • .i the Com munity Development Depanment's 2000 Jppropri~nun by $105,000. The reduction in 1Jeneral F· .. ,.,se,ved lu1 ·d balance was covere d by collectin g more in sales and use taxes lhan was budgeted . The transfers tc c lmprover:ient Fund are necessary 10 fund co st overru ns on the Engle wood Parkway and South Broadway Medians, ng Projects. The tra nsfer to the Eng lewood Urban Renewal Authonry is necess ary to fund the North Englewood Industrial nedevelopmen1 Pl an . The transfer 10 the Engl ewood En vi ronf"le ntal Foundation is necessary to provide funding for Cou nci l added items not originally inc1uded in the Foundation 's CityCenter plans . The Concrete Replacement Ols1nct 1995 and Pavin g District No. 35 Debt Service Funds ' unrP.served fund balance Wlll be de creased by S2.800 and S28 .600 , respectively. The reduction in fund balance is covered by interesl re ceived lrom special assessments. The Water Fund's retained earnings are reduced S700 ,000 by this action. The Housing Rehabilitation Loan Fund did not have an oriy 1na lly adopted budget in :!000. The Risk Management Fund's retained ea rn ings are reduced by S200 ,000. The Pa~s and Rec re ation Trust Fund unre3erved fund balance is dec reased by S-'S .5 36. These fu nds represent monies donated to the Tru&t F;,md {including interest earned the reon) restricted lor the renov alion and placement ol u,e Ho rs ecar al Civic Ce nte r. LIST OF ATTACHMENTS Propo sed resolutio n