HomeMy WebLinkAbout1995 Resolution No. 036•
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RESOLUTION NO. 3t,
SE RIES OF 1995
A RES OLUTION AMENDING THE APPROVED 1994 l!UDGET AND APPROPRIATI NG
MONIES FOR THE CITY OF ENGLE WOOD , CO LORAl.,:).
WHEREAS , the City Council of the City of En glewood , Colorado , deo ires lo make cerui in
cha nges lo the 1994 Annual Budg et; and
WHEREAS , th e General Fund incurrc1j additio nal ex;"en diture s related to Lh e l::itv
Manager search a nd ce rtain special pr:,jects : and
\VHEREAS , th e Donors' Fund received co ntributions for the Summ er Safe ty Progra m
and fro n. bookmobile donat io ns ; and
WHE RE AS, Pavi ng Distri ct No. 30 incu rr ed adrlitio na l ex pend itures fo r pri ncipnl 1nd
interest on bonds : and
WHEREAS , Pav in g Dis trict :S:o. 31 inc urred ad diti on.d expe nditu res fo r princ,pn l nm!
int erest on bo nds: and
WHEREAS, Pavi ng Di strict. No. 32 inc urr ed addi ti onal expe nditures for pr inc ipnl an d
inte re st on bo nds: an d
WHEREAS , Pa , ing Distri ct No . 33 incurred additional expe nditures for pr inc,p ,1' nnd
in te rest on bo nd s; and
WHEREA S , Pa\ing Distri ct No. 34 incurr ed additional expe nditure~ for prin cipal on
bond s: a nd
WHEREAS , Paving District No . 37 IVBS created ";th the pass age of Or din a nce 21, Seri es
of 1993 a nd the fun di ng of th e Distri ct was er.tir ely fi nanced th rough the Gen eral Fund;
and
WH EREAS, Pavi ng Di s tri ct :fo. 37 receive d assessment s from pr operty own ers in 1994
and will tn.nsfe r tho se fund s to •.he Genera l Fund; and
WHEREAS, Pa ving Di strict l\'o. 37 incu red additio nal expenditu res for discount s
all owe d fo r ea rly paym ent of assess ments; and
WHEREAS , the Service Cente r Fun d incurred additional expenditures rcsulung fr om
elimina ting obsolete in~en tory : and
WHEREAS , the Risk ~lanagem ent Self-Insurance Fu nd re ceived funds fr om ot her C1ti·
fund s fo r th e payment of wo rke rs' compensation insu rance nnd claim s: nncl
WHEREAS , the No neme rge ncy Pension '!'ru st Fund incu rred adclitionnl expenditures
fo r actua ri al end other fees;
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NOW, THEREFORE, IE IT RESOLVED BY THE CITY COUNCIL OF THE CIT Y OF ENGLEWOOD , COLORADO , HUT:
~-The City of i:.;6k •·ood 1994 Budget is hereby amended as follcws:
GENE RAi El!ND
Source of Funds ·
Ge neral Fund Balance
Uc:e of Fund c:·
City Man ager Search
Special Projec ts
DONOR"s FUN D
Sou rce of Funds :
Co ntributions
~:
Gene ral Ex-penditu res
PAVI:--<G P15I8IC'r No 3Q
... oucre of Euodo;·
Fund Bal ance
L°"=e oC Fund ·
Principal and Inte rest on Bond s
PAV J:--<G Dl~I81CT No JI
Source of Fund "-:
Assess ments Revenu e
Fund Balance
l"se of Fuodoi::
Pri ncipal and Inte rest on Donds
PAVING PISI81~
Sou rc e of Fund c::
Assessments Revenue
Fund Bal ance
L" "P of funds ;
Pr incipal and Interest on Bonds
2
S 9.7 7
S 7,768
U.Qlll
S 9,7 7
S 22.200
S 2"2.200
S28.300
S28.300
S 2,-100
LMOO
S 11.4
S 11.400
$ 1,692
LlliQ,S
S 18.300
S 18,300
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PAVING DIS ','RICT Np 33
Source of Funds :
Fund Bala nc e
Use of' Funds :
Principal and Interest on Bonds
PAVING DISTR ICT Nn 34
Sou rce of fl!ods :
Fund Bal a nce
lJcic of Funds :
Principal Payment on Bonds
PA VI'-IG P[STRICT Np 37
Source of Funds ·
Assessments Revenue
L SP of Eund c::
Discount on Early Pnyment of As sess'Tlents
Operating Trnnsfer to General Fund
SER\ [CECENIEB fli'IP
Source of Fund,:
Bill ings to othe r City Departments
Use of Fuodc;·
General E xpenses
RISK ~I A~c\GDJF:NT $EI f -IN, I/RANCE fl"/1."D
Source nf Fund '-:
Bil lings U> other City Departm e nts
Use of Fnod1::
Worker s Compensation Premium s & Claims
$ 50,100
S 50,1 00
S 55,000
S 55,000
S IO.'i,591
S 4,600
S-100.m
$105,591
S 10,000
S 10,000
S 2i5,000
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NONEMERGENCY PENSION TRUST FI TND
Sours:e of Fund s:
Dividends & In terest S 5,350
Use of Funds :
Actuarial a nd other Fees $ 5,350
5..e.c.llim..2. The City Manager and the Direc tor of Financi al Services are hereby
a u thori zed to make the above changes to the 1994 Budget of th e Ci ty_ of Engle wood .
ADO PTED AN D AP PROVED thi s 17th day of Ap ri l, 1995.
I, Loucr is hia A. Ellis, City Clerk fo1,the C ity of En glewoo d, Col
the above is a tru e copy of Resolutio n ~o. ~. Serie s of 1994 .
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Dato
April 17, 1995
lnidat od By
lewood. Financial Services De t .
COUNCIL COMMUNICATION
Agondo ttom
10 a ii
Subject
A ppropriation of funds fof ·he year
endin 1994 .
Staff Source
Frank G 1ew in, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Council approved the 1994 Budget and A ppropriation which was passed on final read ing November 1, 1993.
RECOMMENOED ACTION
Staff recommends Council approva l of th e attached reso lution app ropriating supplemen ta l funds from the fund ba lances,
retained earnings, or revenues of the following :
GENERA L FUND :
Source ot Funcfs :
Fund Balance S9 ,787
Use ot Funds :
City Manager Search S7,768
Sp ecial Pro jects ll.2ll
S9, 787
DONORS FUND:
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Contributions 522,200
Use ot Funds :
General Expenditures S22 ,200
PAV ING DISTRICT 30
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Fund Balance S28 ,300
Us e of Funds·
Pnnc1~al and Interest on Bonds S28,300
ro.a• .. ·1NG DIST RICT 31
Sou rce of fu nds :
A ssessments Revenue S2,400
Fund Balance ll..QQQ
$1 1,400
Use pf Funds =
Principal and Interest 011 Bonds $11,400
PAVING DISTRICT Ji • Source gt Eurlds:
Assessments Revenue $1 ,892 Fund Balance ~
$18,300
Use ot Fungs ·
Pnoopal and Interest on Bonds $18,300
PAVING DISTRICT 33
Source at Funds :
Fund Balance $50. 100
use ot Funds :
Pnnc,pal and Interest on Bonds $50, 1DO
PAVING DISTRICT 34
Source ot Funds =
'"und Balance $55,000
Vu ct Funds :
pal and Interest on Bonds $55,000
PAVING D:STRICT 37
Sou;c:e 01 Fundt:
Assessments Re venue $105,591
u>e of Fund s:
Discount on Ea r1 v Pay ment of A ssessments $4,600 • ()peranng Transfer Fr om Genera l Fund llilll.lli
$105,591
SERVICENTER FUND
Source ot Funds:
B1lhngs to Other City Depanments $10,000
Use ot Funds :
Genera l Expe nses $10,000
RISK MANAGEMENT SELF-INSURANCE FUND
Source of Fynds :
81/hng.s to Ot er C,ry Departments $275,000
Use ot Funds =
W o e.rs Compensation Pr emiums & Claims $275,000
NONEMERGENCY PENSION TRUST FUND
Source ot Fund s:
D1v tdends & Interest $5,350
~~;w:,:,u::Other'Fees $5,350
BACKGROUND, ANALYSIS, AND ALTERNATIVES IOENTlflED
• All funds and depa n ments w ~re in compliance w ith legall y adopted appropna t ions except those listed above.
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The City of Eng lewood is req uireo by City Chan·er to ensure that ewpendi t ures do no t exceed le gally ,,dopted
app ropri at ions. The anached resolution ap propri ates t u!lds to ensure that the City of Eng lewood complil!s w it h lega l
restrictions governing local budg eting .
FINANCIAL IMPACT
The appropridt ions w ill reduce the fund balances, retained ea rn ings , or a pp ro pria te rev enues of the fo ll ow ing :
GENERAL FUND :
Source pf Funds ·
Fund Balarice $9,787
Use ot Funds :
City Manager Search $7 ,768
Specia l Proi ects ~
$9 ,787
DONORS FUND :
Source pf Funds :
Contnb utions $22 ,200
\ill..QIBirlli;
General Ex pendit ures $2 2 ,2 00
PAVING DISTRICT 30
Source pf Funds =
Fund Bal ance 528 ,300
Use ot Funds :
Pnnc1 pa l anc+ Interest on Bonds S28 ,300
PAVING DISTRICT 31
Source qf Funds :
A ssessments Revenue $2 ,4 0 0
Fund Bal ance ll.QQQ
,, 1,400
Use ot Fu nds:
Pnnc1pal and Int erest on Bonds $11 ,4 00
PAVING DISTRICT 32
Source gf Funds:
Assessments Revenue $1 ,892
Fund Balance ~
S18 ,300
Use of Funds:
Pr 1nc1pal and Interest on Bonds $18 ,300
PAVliG DISTRICT 33 • Source ot Funds:
Fund Ba lance $50,1 00
Use gf Funds ·
Principal and Interest on Bonds $50,100
PA'lliG DISTRICT 34
Source pf FUQds :
Fund Balance $55,000
Use gt Funcfs ·
Principa l and Interest o n Bonds $55,000
PAVliG DISTRICT 3 7
~yrc;e gf Fynd5:
Assessments Revenue S1C 5 ,591
Use ot Funds:
Discount on Earty Payment of A ssessment s $4,600
Operaung Transfer From General Fund .llQQJ!i1
$105,591
SERVICENTER FUND
Source of Funds :
B,llmos l'o Other City Departments $10,000
Use ot Funds :
General Expenses 5 10,000
• RISK MANAGEMENT SELF-INSURANCE FUND
So urc e of Funds =
Billing s to Other City Departments 5275,000
Use gt Funds :
Workers Compensation Pr emiums & Claims 5275 ,000
NONEMERGENCY PENSION TRUST FUND
Source ot Funds :
Div idends & Interest $5 ,350
Use ot Funds :
Actuarial and Other Fees 15 ,350
LI ST OF ATT AC HM ENT S
Proposed resolution