HomeMy WebLinkAbout1998 Resolution No. 106RESOLUTION NO. }gf._
SERIES OF 1998
A .kllSOLUTJON FOR A SUPPLEMENTAL APPROPRIATION l'OR THE 1998 BUDGET
OF THE CITY OF ENGLEWOOD , COLORADO .
WHEREAS , the Englewood City Council of the City of Englewood. Colorado, approved the
1998 Budget and Appropriation on final reading on October 20, Ml97; and
WHEREAS, the City Council desiree to make certain addiaOIIIO m the 1998 Annual
Budget which were not included in the original 1998 Budget u adopted on October 20,
1997; and
WHEREAS , supplemontal appropriatione for the year ending !998 are required becauee
all expenditures and expenses are often not known until all invoic::e:i and purchase orders are
processed at year-end ;
NOW . THEREFORE . BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY Of
ENGLEWOOD . COLORADO, THAT :
~-The City of Englewood 1998 Budget is hereby amended u follow s:
GENERAL FUND:
Source of Funds :
Unreserved/Undesignated Fund Balance
lJHe of Fund@ ·
City Attorney's Office:
Legal services related to Cinderella City
redevelopment and EURA lawsuit
Transfers out to Capital Projects Fund
Total Uses of Funds
CAPITAL PROJECTS FUND
Source of Funds-
Transfers in from General Fund
Use of Funds·
Library Smart Card Internet Access Co ntrol Sy ste:n
SEWER FUND
So urce of Funds ·
Retained Earning s
Use of Fund s·
Constr uction budgeted m 1997 co mpl eted in 19 98
$249,000
$140,000
ll!!a..Jll!.O
$249,000
$109,000
$109,000
$650 .000
CENTRAL SERVICES FUND
Soun» ai Fm>dt·
Interdepartme ntal Billings
tJu of Fund,·
Print Shop Operations
CAPITAL EQUIPMENT REPLACEMENT FUND
Soun::e of Funds·
Re tained Earnings
J Jee of Funde :
Ve hicles appropriated in 1997 receiv ed in 1998
$ 25,000
$ 25 ,000
$ 60,000
$ 60,000
~-The City Manager and the Director of Financial Service s are hereby a uthorized
to m ake the a bove changes to t he 199 8 Budge t of t he Ci ty of Englew ood .
ADOPTED AND AP PROVED thia 21st day of Dece mber , 1998.
l. Loucris hia A. Ellis . City Cler k for the City of En gl ewood. Col rado. hereby certify the
above is a true co py of Resolution No ./1)/, Seri es of 1998.
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COUNCIL COMMUNICATION
Date Agenda hem Subject
Supplemental Appropriation for
December 21, 1998 11 C ii year-end 1998 to comply with
City Charter requirements .
Initiated By
Department of Financ ial Services
I Staff Source
Frank Gryglewicz . Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council approved the 1998 Budget and Approp,natlon on final read ing October 20, 1997.
RECOMMENDED ACTION
Staff recommends the City Council approve th e attach ed resolution for supplemental appropriations for
the year end ing 1998 . These additional funds are req uired becaus e all expend itures and expenses are
often not known until all invoices and purchase ordeas are processed at or after year-end .
The sou rces and uses of funds are :
GEN ERAL FUND :
Source of Funds:
Unre served/Un esi gnated Fund Bal anc e $249 ,000
Use of Funds :
City Attorney's Office $140 ,000
(Legal services re lated to Cinderella City
redeve lopm ent and EURA lawsu it)
Transfers ou t to Capi tal Projects Fund $109,000
Total Uses of Funds $24 9,000
CAPITAL PROJECTS FUND
Source of Funds :
Transfers in from General Fund $109 ,000
Use of Fund s:
Libra ry Sma rt Ca rd Int ern et Access Control System S1 09,000
SEWER FUND
s ~urce of Fu nd s:
Retai ned Earnings S650 .000
Use of Fu nds :
Constructi on bu dgeted in 1997 co mpl eted in 1998 $65 0,000
CENTRAL SERVICES FUND
Source of fund s
Interdepartmental Billings
U8e of Fundt;
Print Shop Operations
CAPITAL EQUIPMENT REPLACEMENT FUND
Source of Funds:
Retained Earnings
Use of Funds :
Vehicles appropriated in 1997 received in 1998
$25 ,000
$25,000
$60,000
$60,000
The City of Englewood is required by City Charter to ensure that expenditures do not exceed legally
adopted appropriations . The attached resolution appropriates funds to ensure Iha! the City of
Englewood complies with legal restrictions governing local budgeting .
FINANCIAL IMPACT
These supplemental appropriations will reduce the General Fund unreserved fund balance by
$249,000. The General Furr! more than covered this increase in spending by collecting more in salles
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and use taxes than was ~udg eted . The Sewer Fund's retained earnings are reduced $650,000 by this •
action. The Central Services print shop operations are being increased by $25 ,000, but billings to
other d,i partments cover th is expense . The Capital Equipment Replacement Fund retained earnings
are reduced by $6u,DOO .
UST OF ATTACHMENTS
Proposed resolution
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