HomeMy WebLinkAbout1997 Resolution No. 107• RESOLUTION NO. &2
SERIES OF 1997
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A RESOLUTION FOR THE TRANSFER AND APPROPRIATION OF FUNDS OF THE
:!997 BUDGET FOR THE CITY OF ENGLEWOOD, COLORADO .
WHEREAS, the City Council of the City of Englewood, Colorado, desires to transfer funds
from the General Fund and the Conservation Trust Fund to the Capital Projects Fund
which were not included in the original 1997 Budget as adopted on November 21, 1996.
These funds are for the purchase of the Home Lumber property and were not included in the
1997 ap proved budget because the City did not know when the property would be available for
purchase;
NO W, THEREFORE , BE IT RESOLVED llY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLO RADO , THAT :
S!:msm..l . The City of Englewood 1997 Budget is h ereby amended as follows:
GENERAL FUND:
Source of Funds :
Unrestticted Fund Balance
Use of Funds ·
Transfers Out
CONSERVATION TRUST FUND:
Source of Fund s:
Fund Balance Reserved for Park s & Recre ation
Use of Funds ·
Trans fers Out
CAPITAL PROJECTS FUND:
Source of Funds :
Transfers In
lJse of Fund"-·
Home Lumb er Prop e rty Purchase
$360,000
$360,000
$100,000
$100 ,000
$460 ,000
$460,000
~. The City of En glewood is required by City Charter to tran!t fer un e ncu mberrd
funds from one department, offi ce , or agency to another by City Council acti on .
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~-The City Manager and the Director of Financial Services are hereby
authorized to make the above c:l:mDi:eS to the 1997 Budget of the City of Englewood .
ADOPl'ED AND APPJlOwED this 20th day of October, 1997 .
~fu_J/),
LoucrisbiaA-Ellis, City Cler!t
I, Loucrishia A. Ellis, City Cuerk for the City of Englewood, C
abov e is a true copy of Resoluticm No/fll Series of 1997 .
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COUNCIL COMMUNICATION
DIiie A9end1 Item Subject
October 20 , 1997 10 C iv Transfw and supplemental
appro~ of I\Jnds for the purch11e
oftheHome l.JJmber
lnHlllled By I ---Crtv of E,,alewood , Financial Services Oei:,artmant Frank Grvalewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The c,,uncll ap ,roved the 1997 Budget and Appropriation Ord inances on nna l read ing NOVf!fflb« 21 , 1996.
RECOMMENDED ACTION
Staff recommen~s City Council approve the attached resolution transferring and appropriating 1unds for the purchase of the
Home Lumber property. The transfer and appropriation of these funds was not included in the 19!i7' approved budget
because Cit'/ staff ~Id not know when the property would be available for purchase.
The souri.:es and uses of funds are:
GENERAL FUND :
Source of Fu nds ·
Unrestricted Fund Ba lance $360 ,000
• Use, or Funds :
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Transfers Out $360 ,000
CONSERVATION TRUST FUND :
Source of Funds :
Fund Balance Reserved For Parks & Recreation $100 ,000
Uses of Funds :
Transfers Out $100 ,000
CAPITAL PROJECTS FUND :
Source of Funds:
Transfers In $460 ,000
Uses of Funds :
Home Lumber Property Purchase $460 ,000
FIN ANCIAL IMPACT
This appropriation and transfer Nill reduce the Gene ral Fund's u, 1restncted fund balance by $360,000 and the Conserva tion
Trust Fund's fund balance restri ded for parks and recreation by !,100,000. Th-, funds will be expended from th e Capital
ProJects Fund .
LIST OF ATTACHMENTS
Proposed reso lut io n