HomeMy WebLinkAbout1999 Resolution No. 049•
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RESOLUTION NO. !ti
SERIES OF 1999
A RESOLUTION APPR0"1NG THE~ TRANSFER OF THE BALANCE OF PROJECT
BUILD FUND.
WHEREAS , the Englewood City Council approved the City or Englewood'■ 1999 Budget
on October 19 , 1998; and
WHEREAS, the pasaage or this Re ■olution will tranafer the balance or the Project Build
Fund to the General Fund; and
WHEREAS , the funds transferred will be u■ed for property acquisitions;
NOW , THEREFORE, BF IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, 'J'HAT:
~-The City of Englewood 1999 Budget io hereby amended u follow■:
PROJECT BUILD FUND:
Source ofFundo:
Retained Earnings
Uses of Fundn ·
Transfers Out to General Fund
GENERAL FUND:
Source of Fund a·
Transfers In From Project Build Fund
JJee of Funde ·
Unr,served/Undesignated Fund Balance
$513,182.45
$513,182.45
$513,182.45
$513,182.45
~-The City Manager and the Director o' Financial Serviceo are hereby authorized
to make t he above changes to the 1999 Budget or the City of Englewood.
ADOPTED AND APPROVED this 19th day of April, 1999.
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I, Loucmhia A E!Jia, City Clarkfor I!!• City of Englewood .
above ia a true oopy of Reeolution No .!ei, Series of t99 .
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C.OUNCll. COMMUNICATION
Date Agenda Item Subject
Transfer of funds from the
Project Build Fund to the
Arril 19, 1999 11 c I General Fund
Initiated i:ly
Department of Financial Services
I Staff Source Frank Gryglewlcz, Director of Financial Services
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council approved the 1999 Budget and Appropriab ,'11 on final reading October ' 1998.
RECOMMENDED ACTION
Staff reevmmencis the City Council approve the attached resolution to transfer the balance of the
Project Build Fund to the General Fund. These funds will be used for property acquisitions .
The sources and uses of funds are :
PROJECT BUILD FUND:
Source of Funds:
Retained Earnings $513,182.45
Use of Funds :
Transfers Out to General Fund $513,182.45
GENEnAL FUND:
Source of Funds:
Transfers In From Projsct Build Fund $513,182.45
Use of Funds :
Unreserved/Undesignated Fund Balance $513,182.45
The City of Englewood is required by City Charter to transfer funds from one fund to another by
resolr •tior,.
FINANCIAL IMPACT
This action will transfer the remaining balance in the Project Build Fund to the General Fund .
UST OF ATTACHMENTS
Proposed resolution