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Home My WebLink About1994 Resolution No. 039• • • RESOLUTION NO. Ji SERIES OF 1994 A RESOLUTION AMENDING THE APPROVED 1993 BUDGET AND APPROPRIATING MONIES FOR THE CITY OF ENGLEWOOD, COLORADO . WHEREAS, th e City Council of t.1-, Ci ty .,f nglew ood. Colorado , des ire• to make certain changes to the 1993 Annual Budget:, d 'Nl'EREAS, Concrete Repi crs"''-• nis>-l•t No . 1992 wa s created wi th the possage of Ord ina..m--,. 'No . 21 , Se . ie s c;f ,~1 ,i t(.r,J 11,1merot.i1 pro perty owners volunteered to be included in th e Di strict, cr eatint: ncl J:1d .. ""I:~ .. 0!'1 , vr $8 7,963, th e funding uf the District was financ ed thr ough th e General Fund ; and. WHEREAS, the Concrete Repla cein ent District 1992 Fund incurred addit!onal expen diture s for discoun ts allo we ,J ,:;i'1 ea rl y pBymE n ts of as se ssment s; and \\'H ;;REAS , Ul e Community Center Bond Fund incurred additional expendi r es wh ich were used fo r au diting and bankin g servic es; an d WHE REAS , th e Storrnwater Fund was created wi th the passage of Ordinance No . 20 , Ser ies of 19 93 and incurred expenses which were no t included in the original 1993 Budget ; an d WH EREAS, the Don or's Fund recei,•ed co ntributio ns for th e DARE , Success, Victim 's Assista nce and Safety Services Purchases pro gr ams; and WHEREAS , P avi ng Distri ct No. 33 Fund incurred a dditional expenditures which paid th e pri ncipal and inter est on bond s; an d WHEREAS , Pavi ng District No. 34 Fund incurred additi onal expenditures for the paymen t of principal on bon ds; and WHEREAS, Pavi ng Di strict No. 28 Fund in curr ed additional er.penditures fo r interes t on bond s; and WHE REAS , th e Surplus and Defi cie ncy Fund incurred additional expenditures for Paving Dis t ric t No . 28 bond payments, payment of d eferred ex penditures and audit ex penditures; end WH EREAS , th e Health and Sel f-Ins urance Fund incurred ex penses for a late-year long-ter m disabi lity claim ; and ' WHER EAS, the Sew er Fund accrued ex penses fo r th e Lowry Settlement; NOW, THEREFCRE, BE IT RESOLVED BY THE CITY CO UN CIL OF THE CITY OF ENG LEW OO D, COLO!t\DO, THAT : Sfwsm...l. Th e ' :· of Engle wood 1993 Budge t is hereby amended as follows ; GE NERAL FU N;J Soutte of Funds · Gen eral Fund Balance $87 ,963 !.Lill. iLr.llDd6: Loa.~ t.o C-cmcrete Replacement District 1992 COM~rq::,1Ty CENTER BOND FUND Saurre of Funds : Fund Balance ~l:il.!uu: Audi. 01 ,d Rank Expenditures SIO.Bll1..1'lAT So un:e qf Funds: Ret.ain <l !l:arnings JJse of Funds : Genera) Expenses DONOR 'S FJJND Sou rce of Fund ~: Contributions Use of Funds : DARE Program Success Progr am Victims Assistance Program Safety Services Purchases Program Total PAYING DISTRICT No 33 Soun:e of Funds · Fu nd Balance Use of Funds : Principal and Interest on Bonds CONCRETE REPLACEMENT DISTRICT 1992 Source of Funds : Fund Balance Use of Funds: Expenditures not covered by reimbursement due to discount allowed on Early Assessment Payments PAYING DISTRICT No 34 Souu:e of Funds : Fund Balance 2 $87,963 S 900 S 900 $7,000 $7,000 $18,058 $ 9,332 $ 4,756 $ :;m .l..3.7::zl! S 18,058 $10,535 $10,535 S 2,165 $2,165 $185,000 • • • • • tlae of Funds: Principal Payment on Bonds PAVING DISTRICT No 28 Source of Fundft '. Fund Balance Uae af Funds : Princi pal Payment on Bonds SURPLUS & DEFICIENCY FUND Source of Funds : Fund Balance Use of Funds : Principal Payment on Paving Di strict No. 28 Bonds Defened A.!c.essment Payme nts Audit Expend1 t11res HEALTH & SELF-INSURANCE FUND Soun;c of Funds : Relained Earnings Uzc of Furds : Long-Term Disability Cla im SEWER FUND Souo:e of Fund s: Retained Earnings Jla._~: Lowry S ettlement Accrual $186,000 S 70 $58,412 $56,740 $ 1,321 $ 351 $37,000 $37,000 $1,224 ,000 $1,224,000 $.ew.an..2. 'fhe 1.,1ly Manager and the 'Jirector of Financial Services are h er eby authorized to make the above changes to the 1993 Budget of the Cit 'ngl ewood . ~dtl/4 Loucri shia A. Elli ,, Depu ty City Clerk I, Loucri shia A. Elli s, Deputy City Cl erk for the h ereby certify the above 's a true copy of Reso lution No . 3 • • • COUNCII. COMMUNICATION Date April 4, 1994 Agenda Item lla Subject Appr("lpriation and Transfer of Funds for the year ending 1993 INfTIA TED BY Department of Financial Services STAFF SOURCE Frank Gryglewicz, Acting Director of Financial Services COUNCII. GOAL NIA ISSUE/ ACTION PROPOS~D Staff seeks Council support for a resolution appropriating supplemental funds from the fund balances and advancing funds from the General F ,tnd for the following funds : Community Center Bond Fund Storm Water Fund Donor's Fund Paving District #33 Concrete Replacement District 1992 Paving District #34 Paving District #28 Surplus and Deficiency Fund Health Self Insurance Fund Sewtlr Fund General Fund advance to CRD 1992 l'REVIOUS COUNCll ACTION $900 $7,000 $18,058 $10,535 $2,165 $185,000 $70 $58,412 $37,000 $1,224,000 $87,963 November 16, 1993 March 15, 1993 Council adopted the 1993 Annual Budget on final reading . Resolution No . 35 amended the 19',3 Budget to appropriate and transfer General Fund moneys for Paving District No. 37 ($357,000). April 5, 1993 April 19, 1993 September 7, 19'13 October 4, 1993 Resolution No. 36 amended the 1993 Budget to appropriate unencumbered ap,>ropriations and fund balance and transfer Public Improvement Fund moneys to Special Improvement District No. 36 -South Pl atte River Drive ($88 ,100). Resolution No.41 amended the 1993 Budget to appropriate and transfer appropriated funds from General Fund ($544,377 transferred from Contingency, $10,000 appropriated for Community Development) and Golf Course Fund ($50,000 from retained earnings). Resolution No . 80 amended the 1993 Budget to appropriate Public Improvement Fund moneys for the purchase of property ($68,250). Resolution No. 84 amended the 1993 Budget to appropriate General Fund moneys for contingency ($199,000). Re solut.:on No. 87 amended the 1993 Budget to appropriate Public Improvement Fund moneys for the purchase of properties ($28,500). Resolution No . 91 amended the 1993 Bud get to appropriate Sewer Fund moneys for the purchase o! a truck and relater~ salaries ($8 2,BC0). • December 20, 1993 Resolution 109 amended the 1993 Bu dget to appropriate Golf • C\Jurse Fund moneys for the purchase of real property ($725 ,000). BACKGROUND The City is required by Local Government Budget Law to ensure th at expenditures do no! exceed appropriations. The attached resolution approp.iates fun ds to ensure the City of Englewcx>tl complies with legal restrictions governing local budg~li1~g. PROS AND CONS OF OPTIONS REVIEWED Pros : Ensures the City is in compliance with Local Government Bud get Law . Cons: one STAFF ANALYSIS The expenditure and encumbrance totals for 1993 were within amended budget limits wi th the exception of: • • • • Amount Over Fund /Department Budget Reason(s) Community Cente r Bond Fund $900 Pay ing Agent & county collection fees Storm Wa ter Fund $7,000 New fund • no budget Donor's Fund $9,332 DARE program (from add '[. contributions) 4,756 "S uccess" program (from add'!. contributions) 200 Victims Assistance services (from add'!. contributions) -3.ZZO Sa fety Servi ces purchases (from a dd'!. contributions) $18,058 Total Pavi ng District #33 $10,535 Acce lerated princi p al and interest p ay ment from avail able revenues Concre te Replacement Di s t. 1992 $2,165 To cover ex pe nditures not covered by revenues due to 5~. discount allo wed on early pay ment of assessments Paving District #34 $185,000 Acce lerated princi pal paym ent on bonds from availa ble revenues Paving District #28 $70 Additional interest cost on bonds Surplus and Defi ciency Fund $56,740 PD 28 bonds p ai d , fund did not h ave adequa te assets 1,32 1 Payment of deferred assess men ts _.351 Audit costs not budgeted $58,412 To tal H ealth Self-I nsurance Fund $37 ,000 La te year long te rm d isability claim Sewer Fund $1,224,000 Lowry se ttl em ent accrual Advance fr om General Fund to Concrete Replace m ent Di stri ct 1992 • $87 ,963 • Add itional costs d ue to a dditional vol un teers parti ci pating in th e d is trict. FINANCIAL IMP ACT These transfers and appropriations will reduce the fund balances or retained earnings of the following funds : Community Center Bond Fund Storm Water Fund Donor's Fund Paving District #33 Concrete Repl ace ment District 1992 Paving District #34 Pa vi ng District #28 Surplus and Deficiency Fund Health Self Insurance Fund Sewer Fund General Fund advance to CRD 1992 $900 $7,000 $18,058 $10,535 $2,165 $185,000 $70 $58,41 2 $37,000 $1,224,000 $87,9 63 • • •