HomeMy WebLinkAbout2001 Resolution No. 031RESOLUTION Nu. ,3/
SERIES OF 2001 -
A RESOLUTION FOR A TRANSFER A' ID APPROPRIATION OF FUNDS FOR THE
CEN'l'ENNIAL PARK BALL.FIELD PFOJECT.
WHEREAS , the Englewood City Council approved the City of Englewood's 2001 Budget
on final reading November 6, 2000; and
WHEREAS, the Centennial Park Ballfield Project has been discussed and reviewed by
the Englewood City Council;
NOW, THEREFORE, BE IT RZSOL VED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, THAT:
Si:J:tilm..l, The City of Engle ;;ood 2001 Budget is hereby amended aa follows:
CONSERVATION TRUST FUND:
Source of Funds:
Unre,erved/Undesignated Fund Balance
llie of Funds·
Transfers Out to PIF
PUBLIC IMPROVEMENT FUND:
Source of Funds:
Transfer in from General Fund
Use of Funds·
Centennial Park Ballfield Project
$G00,000
$500,000
$500,000
$500,000
~-The City Manager and the Director of Financial Services are hereby authorized
to make the above changes to the 2001 Budget of the City of Englewood.
ADOPTED AND APPROVED this 16"' day of April. 2001.
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COUNCIL COMMUNICATION
Date Agenda Item Subject
Resolution transferring funds from
April 16, 2001 11 C ii J;;; Conservation Trust Fund (CTF)
to the Public Improvement Fund
(PIF) to f'Jnd the Centennial Park
Ballfleld Proiect
Initiated By I Staff Source
Dep artment of Finance and Administrative Serv ices Frank Grv~lewicz. Direr.tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council has discussed the Centennial Park Ballfield Project on number occasions includir.g the 2001
Budget Retreat held on September 30, 2000.
RECOMMENDED ACTION
Staff recommends Council approve the attached resolution . This resdution transfers $500,000 from the
CTF to the PIF for use on the project The following explains th~ sources and uses of funds :
Conservation Trust Fund:
Source of Funds:
Unreserved/Undesignate Fund Balance $500,000
Use of Funds:
Transfers Out to PIF 5500,000
PUBLIC IMPROVEMENT FUND:
Source of Funds :
Transfer in from General Fund $500,000
Use of Funds:
Cenntennial Park Ballfield Project $5 00,000
FINANCIAL IMPACT
The CTF fund balance will be reduc ed by the $500,000 transfer to the PIF . The PIF will use these funds to
devel op baseball fields at Centennial Park.
LIST OF ATTACHMENTS
Proposed resolution.