HomeMy WebLinkAbout1996 Resolution No. 070RESOLUTION NO. ~
SERIIS OF 11186
A RESOLUTION AMENDING THE APPROVED 1996 BUDGET AND APPROPRIATING
MONIES FOR THE CITY OF ENGLEWOOD, COLORADO.
WHERF.AS, the City Council of the Cit: of Englewood, Colorado, desire& to make certain
,:banges to the 1996 Annual Budget; and
WHEREAS, the 1996 Bud/wt did not include increased st,i,et light energy coata and a
street overlay project;
NOW, T:lEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, C OLORADO , THAT:
S!s!imL.l-The City of Englewood 1996 Budget is hereby amended as follows:
GENERAL FUND
Somn of Funds ·
Fund Balance
Use of F)mds·
Street Lighting
Street Overlay
Total Use of Funds
$75,000
$39,000
~'"@
$75,.:00
S!:s:lilm..2-The City Manager and the Director of Financial Services are herehy
authorized w make the above changes to the 1996 Budget of the City of Englewood.
ADOPTED AND APPROVED this 3rd day of September , 1996.
~ :~/4 ~/JA
Loucris hia A. Ellis, City Cle rk
I , Loucrishia A. Ellis, City Cle rk foi,Jk e City of Englewood, Co
the above is a true copy of Resolution No . ....:.«i., Series of 1996.
Loucrishia A. Ellis
Date
September 3, 1996
COUNCIL COMMUNICAYIC'N
Agenda Item
10 a i
Subfect
Supplem ental Appropriation of funds
for tho Public Worl<1 rtment
lnltla:od By
Cn of En lewood , Financial Services 1rtment
Staff Source
Frank G lewicz Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council approved the 1996 Budget and Appropriation on final read ing November 8, 1995.
RECOMMENDED ACTION
Statt recommen ds the City Council approve the attached resolution for a supplemental appropriation of funds for increased
street light energy costs and a street over1ay project for 1996. These increa ses in expenditures were not an ticipated or
known when the 1996 was adopted.
BACKGROUND , ANALY SI S, AND ALT£RNATIVES IDENTIFIED :
The request to support street lighting consists of two components
1. A rate increase of 20 percent for street lighting energy that went into effect May 1, 1996. Ari increase of this magnitude
was not known when the 1996 Budget was prepared
2. New lig ts have been added to the system wrth construction of Santa Fe and NavaJo. Additionally, we were not billed
until 1996 for proJP.Ct lighting In 1995.
The request for street overlay f unds resulted from our efforts in support of the tree lir.,b dis.aster in 1995. CJty aews were
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unable to overlay for severa l weeks at the end of 1995, and did not expend the full overlay budget for 1995. These funds •
were returned to General Fund unreserved fund ba la nce. The request for a supplemental a pprop riation of $36,000 is to V
rotomill and overlay the pa rking lanes aiong Broa dv,ay .
The sources and uses of funds are
GENERAL FUND :
Source of Funds:
Fund Balance
Use of Funds:
Street Lighting
Street Overlay
Totat Use of Funds
$75,000
$39,000
UMQQ
$75,000
The City of Englewood is required by City Charter to ensure that expend itures do not exceed legally adopted a ppropriations
The attached re solutio n approp ri ates funds to ensure that the Crty of Englewood compl ies with legal restrictions governin g
local budgeting No alternatives were 1dent1fied for this action
FINANCIAL IMPACT
The appropnallons will reduce the General Fund unreserved fund ba lance by S75.000
LIST OF ATTACHME NTS
Proposed resolut ion
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