HomeMy WebLinkAbout1996 Resolution No. 075•
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RESOLUTION NO . 2.i_
SERIES OF 1996
A RESOLUTION AMENDING THE APPROVED 1996 BUDGET AND APPROPRIATING
MONIES FOR THE CITY OF ENGLEWOOD, COLORADO.
WHEREAS , the City Council of the City of Englewood, Colorado, desires to mw certain
changes to the 1996 Annual Budget which were unfor•seen when the orilf'nal 1996 Budget
was adopted on November 8, 1995;
NOW, THEREFORE, BE rr RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO, THAT :
Sl:s:l;i.im.l. The City of Englewood 1996 Budget is hereby amended as follows :
GENERAL FUND
Source of Funds ·
General Fund Balance
Use of Funds ·
Transfers Out
CAPIT;\L PROJECTS FUND
Source of Funds :
Transfer In
Use of Funds :
Fire Equipment
General Fund Capital Projects
Total Use of Funds
PUB! re IMPROVEMENTS FUND
Soun:: of Funds ·
Transfer In
Use oi Funds ·
Communication Ce nter Co nstruction
$2,747,500
$2,747,500
$1,997,500
S 400,000
~
SJ..997,500
S 750,000
$ 750,000
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Sa::timl.2-The City Manager and the Director of Financial Services are hereby
authorized to make the above changes to tho 1996 Budget of the City of Eaglewood.
AH,;~m-MwD~ ,~~,.,&,cI~~~
~l!Jb
Loucrishia A. Ellis, City Clerk
I, Loucrishia A. Ellis, City Clerk for the City of Englewood, Colorado, hereby certify the .,_••--•''-'•"'"'No.ZS'.,""" on~d{IL,
Loucrishia A. Ellis
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COUNCIL COMMUNICATION
Date Agendaltem Subject
Septemb&r 16, 1996 Transfer Gen=I Fund 81l1nc1 and
10 a ii Appropn1te funds for tho Capttal
Projects Fund and Public Improvement
Fund
Initiated By I Staff Source
Crtv of EnQlewood, Fina ncral Services Department Frank Grvglewicz , Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council approved the 1996 Budget and Appr:>priation on final rea ding Novti:mbJr 8, 1995. The Crty Council reviewed the
Five Year Capital Plan on July 22, 1996.
RECOMMENDED ACTION
Statf recommends the City Council approve the attached resoh.:tion transferring funds f,·om the General Fund to lh• Capital
Projects Fund and Public Improvements Fund. Also, this resolution appropriates funds fr r the purchase of Safety Services
equ ipment and constructicn. Th e appropriations are for constrJction of the communicatit n center and purcha se of fire
equipment The remaining funds W\II be held in the Capital ProIects ~u nd for Mure capita co nstruction and purchases ,
including computer equipment prev1ously fun ded from the Public ,rt1provement Fund .
The sources and. uses of funds are.
GENERAL FUND :
Source of Funds:
Fund Balance $2,747,500
Use of Funds:
Transfers Out 52 ,747 ,500
CAPITAL PROJECTS FU ND :
Source of Funds
Trans fer In 5 1,997 ,500
Use of Funds:
Fire equ ipment 5400,000
General Fund Capital Proiects ~
Total Use of Funds 51 ,997 ,500
PUBLIC IMPROVEMENTS FU ND:
Source of Funds:
Transfer ln 57S0 ,000
Use of Funds :
Commumcat1on Center Construction 57S0,000
'llleCily fl1 Inglewood ii raqund by City Chlrtlf to ""'"" that txpandltum do not -l1g1lly -.,i.d 1pp,op,t1tlon1.
llle _,,ed raaolution 1pp,opriat .. funds to """" that Iha City ol EngllWOOd complln With 11911 rnlrlctlons g,,_.,lng • loclll lludgoting,
Alllmattve ecquislio,, m«hod.s induded ,uuing bonds or tnttnng ,nto I l1ase-purch111 agrNmenL The Inst expen1tv1
"'llhod of aoqufsftlon Is using the City's cash reservu, 11 no interest or i uu ■nce expenses would be incurred.
FINANCIAL IMPACT
The transferl and appropnations wtff reduce the General Fund unreserved fund b ■lanct by $2,7 ◄7 ,500.
UST OF ATTACHMENTS
Proposed rnolution
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Fund Balance Pro)ecllon1 WIWWlthout Tranoftn Of
Fund Balonco From Tho General Fund
No Transfer Of Fund a~:.ance
Begm nlng Fund Balance
ProjOC!ed R.....,,UH
Projected ExpendlturH
0th« (Transfen, Continger,cy , etc.)
Projected Ending Fund B1l 1nc1
Begtnn ing Fund Balance
?rojlcted Revenues
Prt>joc:ted Expenditures
Other (Transfers , Contingency, etc .)
Pn,joded End log Fund Balance
General
7,882,388
22,849,782
22,338,377
879,578
7,494 ,217
PIF
1,2 11 ,272
1,856,478
2,863,005
89,800
294,545
0
0
7b7,596
787,596
With Transfer Of Fund Balance
7,862,388
22,849,782
22 ,338 ,377
3,627,076
4,746,7 17
PIF
1,2 1 1,2 7:>
1,856,478
2,863,005
839,800
1,o«,545
CPF
0
78 7,596
2,785,096
1,997,500