HomeMy WebLinkAbout2000 Resolution No. 041•
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RBSOLUTION NO . !JL
SElllES OF 2000
A RESOLUTION FOR A TRANSFER AND APPROPRIATION OF FUNDS FOR THE
PURCHASE OF THE ARAPAHOE RENTAL PROPlll'l'f.
WHEREAS , the Ens)ewoocl City Council app.......i tho City alElllfewoocl'a 2000 Budpt
on November 15, 1999; and
WHEREAS, the City Council hu made the availability and improvement of recreation
w:ili'.:ies in Ens)ewoocl a priority; and
WHEREAS , the paaaap of thi, Ruolution will truafer and appropriata funcla necesauy
fi>r the purcliaae of the Arapahoe Rental pn,perty;
NO\\'. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO, THAT:
lil!:l;i..m.J.. The City of EnsJewoocl 2000 Budpt ii baroby amended ea fnllowe:
GEN".-:RAL FUND : ~-: Unre.,erved/Undelignated Fu•d &lance $590 ,000
JJn, ofFunda ·
Transfers Out to Cap i\al Project Fund $590 ,000
CAPITAL PROJECT FUND :
Saws;e of Funda:
Ti ~af'"" W from General Fund $590,000
UM g( Fund,·
Arapahoe Rental p.,operty a.:quiaition $590,000
~-The City Manapr and the Dirac\or or Financial Service a an hen by authori:.ed
to make the abon cbanpe to the :1.000 Budpt or the City or Enclewood.
ADOPTED AND APPROVED thia 17th or April, 2000 . &.~
ATl'EfJT:
~~ Brendaic: Deputy City Clerk
I, Brenda J . Cutia, Deputy City Clerk for the City orEnclewoocl , Colorado, hereby certify
the above ia a true copy orReaolution No.!il, Seriaa or 2000 .
du~~~
COUNCIL COMMUNICATION
Date Agenda Item SUbject
April 17, 2000 Resolutlon for a transfer and
10c I appropriaUon of funds for the
purchase of the Arapahoe
Rental orooertv
Initiated By Staff Source
City of Englewood , Administrative Services Frank Gryglewicz, Director
Deoartment
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The City Council has made the availability and Improvement of recreaUon facilltles In Englewood a
priority .
RECOMMENDED ACTION
Staff recommends the City Council approve the attached resolution .
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTFIED
This resolution transfers $590,000 from the General Fund to the Capital Projects Fund. These funds
are specifically for the purchase of the Arapahoe Rental proper!';.
The sources and uses of funds are as follows :
GENERAL FUND:
Source of Funds:
Unreserved/Undesignate Fund Balance $590,000
Uy of Funds:
Transfers Out to Capital Project Fund $590,000
CAPITAL PROJECT FUND:
Sour,;e of Funds:
Transfer in from General Fund $590,000
Use of Funds:
Arapahoe Rental property acquisition $590,000
FINANCIAL IMPACT
The unreserved/undesignated fund balance in the General Fund is reduced by $590,000.
LIST OF ATTACHMENTS
Proposed resolution