HomeMy WebLinkAbout1997 Resolution No. 100•
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RESOLUTION NO ./~
SERIES OP 1997
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A RESOLUTION FOR A TRANSFER OF FUNDS OF THE 1997 BUDGET FOR THE CITY
OP i!NGLEWOOD, COLORADO .
WHEREAS, the City Council of the City of Englewood, Colorado, desires to rransfer fund•
&om die Risk Management Fund and the Health Self-Insurance Fund to other City funds
,.,md, ..,ere not included in the original 1997 Budget as adopted on November 21, 1996. The
Health Self-Insurance Fund realized savings from employee programs and did not know
haw imuch until all invoices and purchase orders were processed during the year. The
Risk 'Management Fund i• repaying funds bo rrowed in 1994 from other City Funds;
NOW, THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO , THAT:
~-The City of Englewood 1997 Budge t is hereby amended as follow s:
RISK MANAGEMENT FUND:
Source of Fund~:
Fund Balance $215,289
Use of Funds ·
Transfers Out $215,289
GENERAL f 'UND:
Source of Funds:
'fransfer In $77,988
Use of Fund~
Unappropriated Fund Balance $77,988
WATER FUND:
Source of Funds :
Transfers In $30,072
Use of Fund ~·
Re tained Ea rnings $30,072
SEWER FUND :
So\lrce of Funds :
Tr ansfers In $ 8,328
L"se of Fund s·
Retained Earnings $ F,,328
Ll'ITLETON/ENGLEWOOD WWTP FUND: • Source of Funds :
Transfers In $82,015
Uee of Funds ·
Retained Earnings $82,0lft
GOLF COURSE FUND:
Souri,;e of Funde:
Trans fers In $10,641
Use of Funds-
Retained Earnings S 10,641
SERVICENTER FUND:
Source of Fund s:
Transfers In $ 6,245
tJse of Funds·
Retain ed Earnings $ 6,245
HEALffl SELF-INSURANCE FUND: • Source of Funds :
Fund Bal a,,·· $ 93,66.5
Use of Funds·
Trans fers Out S 93,66.5
GENERAL FUND:
Smm:uUwld:i:
·rran s fer In $ 6.5,143
Use of Funds :
Unappropriated Fund Balance S 6.5,143
HOUSING t.UfflORITY:
Source of Fund s:
Transfer In $ 2,279
Use of Fu nd s: , Unapprop ri ated Fund Balance S 2,279
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• EDDA: ~-
Source of Funds:
Transfer In $ 167
Uee of Funda :
Unappropriated Fund Balance $ 167
DONOR'S FUND (BOOKMOBILE):
Source of Funds ·
Transfer In $ 140
Use of Funds ·
Unappropriated Fund Balance $ 140
CENI'RAL SERVIC!!;S FUND:
Source of r'unde:
Tran sfers In $ 100
Use of Funds:
Retained Earr..ings $ 100
RISK MANAGEMENT FUND: • Source of Funds ·
Tran s fers In $ 215
Use of Fund s:
Retained Earnings $ 215
SERVICENTER !!UND:
Source of Funds ·
Transfers In $ 2,543
Use of Funds-
Retain ed Earnings $ 2,543
GOLF COURSE FUND:
Source of Funds·
Transfers In $ 1,156
tJse of Fund:r
Re tain ed Ea rnings $ 1,156
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WATER FUND:
Samu of Fund&:
Trallllferl In
Ilae of Funds :
Retained Ea111 inp
SEWER FUND:
Source 0( Fund!:
Transfers In
!IF pf Funds:
Retained Eantlnp
LITI'LETONJENGLEWOOD WWTP FUNTh
5=.PLFunJII:.
Tro.nsfeni In
ll:!Uf Funds :
Retained Eanw:;gs
STORM JJRAINAGE FUND:
59JlliUJ:..fund!;
TrwsferJ In
ll•• of Fund!:
Retained Ea=•
$ 6,666
$ M55
$ 1,839
$ 1,839
$14,256
$14,256
$ 163
$ 163
~ The City ai Englewood is required by City Charter to transfer encun1be red
funds from one depnrtm,l!!lt, office, or ogency to another by City Council action. The City
Council must separately app ropriate the spending of these funds
5l:!;1ioJl..,l. The City J.Lanager and the Director of Financial Services arc 11ereby
authorized to make the Jibov e changes to the 1997 Budget of the City of Englewood .
ADOPTED AND APPROVED this 6th day of October, 1997.
tJLdo
Loucri shia A. Elli s. Ct.ty Cle rk
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I, Loucrishia A. Ellis, City Clerk foJ the City of Englewood
above is a true copy of Resolution Nq/JD, Series of 1997 .
Loucriahia A. Ellia
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COUNCIL COMMUNICATION l'O IT I
Date Agenda Hem Subject Trar,sfer of funds from
the Risk Management and
Health Self-lnsurence Funds
(from savings) to other City
Ocml!l,er 6 , 1997 10c ii funds
Initiated By
Depa;i;tment of Financial Services
I Staff Source
Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Counal approved :he 1997 Budget and Appropriation Ordinances on fi nal reading Nove mber 21, 1996 .
RECOMMENDED ACTION
Staff recomme<nds the City Council approve the attached resolution transferring funds from the Risk
Management arnl Employee Benefrts Funds to the belov, listed funds. These funds are a result of savings
realized from S2.V1n!JS on employee benefit programs.
The sources arm, us, -of funds are:
RISK IIANAGEIIEt. r FUND:
Source of Funds:
Fu nd Balance $2 15,289
Use of Funds:
Transfers Out $21 5,289
GENERAL FUND:
Source of Funds :
Transfer In $77,988
Use of Fu~:
Unappropna ed i=und oalance $77,988
WATERFUNO
Source of Funds : Trans1ers_l_n __ S30,072
Use of Funds:
Reta ined Eam1rigs $30,072
SEWER FU ND
Source of Funds:
Tra nsfers In $8,328
Use of Funds:
Reta,n€d Eam,r,gs $8 ,32 8
LITTLETON/ENGLEWOOD WWTP FUND
§OUCCf ot Funct,:
Transfers In $82,015
Y!'~
Retained Eamlngs $82 ,015
GCLF COURSE FUND
§9YCCf at fund,:
Transfers In $10 ,641
Use of Funds;
Re1alned Eamings $10,641
SERVICENTER FUND
Soyrc• of Funds:
Transfers In $6,245
UN of Funds:
Reta ined Eamings $6 ,245
HEALTH SELF-INSURANCE FUND:
Source of Funds:
Fund Balance $93,665
!.!!• of Fund•:
Transters Out $93 ,665 • GENERAL FUND :
Source of Funds:
Transfer In $65 ,143
Use of Funds:
Unappropriated Fund Ba lance $65 ,143
HOUSING AUTHORITY :
Source of Funds :
Transter In $2,279
Use of Funds:
Unappropriated Fund Ba lanc e $2 ,279
EDDA :
Source of Funds :
Transter In $167
Use of Funds :
Unappropnated Fund Ba lance $167
DONOR 'S FUND (BOOKMOBILE)
Source of Funds :
Transfer In $140
Use of Funds : • Unapp ropriated Fund Balanc e $140
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Cl:NTII/ • SERVICES FUND
5gurce of Fund■:
Transfers In $109
Uff of F•.lnd•: '11' A IA"1R
Retained Earnings $109
RISK MANAGEMENT FUND
S9\lrce of Fund•:
Translers In $215
u-, of Fund•:
Retained Earn ings $215
SERVICENTER F(IND
Source of Fund1:
Transfers In $2,543
Uae of Funds:
Retained Earnings $2 ,543
GOLF COURSE FUND
Source of Funds:
Transfers In $1,156
Use of Funds:
Reta ined Earn ings $1 ,156
WATER FUND
Source of Funds:
Transfers In $5 ,655
Use of Funds:
Retained Earnings $5 ,655
SEWER FUND
Source of Funds :
Transfers In $1,839
Use of Funds :
Reta ined Earnings $1 ,839
LITTLETON/ENGLEWOOD WWTP r-UND
Source of Funds :
Transfers In $14.256
Use of Funds:
Reta ined Earnings $14,256
STOFIM DRAINAGE FUND
Soerce at Funds:
Tran sfe rs In S1 63
Use of Funds :
Retained Ea rnings $1 63
The City of Englewood is required by City Charter to transfer unencumbe red fund ~ lrom on e department, office.
or agency to anolher by Cily Council aclio n. The City Co•Jncil must separatuly approp ,,ale the spending of
t~ese funo s. The attachad re sol ution ensures compliance with th e City Charte r.
No alternatives were ldentHled .
FINANCIAL IMPACT
The transfers will reduce the Health Sett 1nsura,1,oe Fund by $93 ,665 and increase the fun d ba lances/retained
earnings of the funds listed aboVe by $93,665.
UST OF ATTACHMENTS
Proposed resolution
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