HomeMy WebLinkAbout1991 Resolution No. 023l
Resolution No . d< 3
Serles of I 991
A RESOLUTION AM E NDING THE PUBLIC IMPROVEMENT FU ~!D.
WHEREAS, the City Council of the City of Englewood , r.r,lorado desires to
make certain changes to the Publl c In·.provement Fund; and
WHEREAS , there are excess a p ,...ioprtatlons for some projects which were
completed under budget ; and
WHEREAS, there are some projects which need a dditional a pproprtatlons to
complete ;
NOW , THEREFORE , BE IT RESOLVED , the City Council of U1 e City of
Englewood , Colorado, as follows :
Section I . The following change.,; !n a pproprtatlons are hereby m a de In the
Publlc Improv ement Fund:
Source of Funds
PIF Fund Balance
Appllcatlon of Funds
Lehigh Storm Sewe r
All ey Storm Drains
Little Dry Cr ee k / DArtmou tl1
Little Dry Creek El ectrtcal
Traffi c Con troll er
Q uincy Rallroa d Crossing
Bri dge Re pair
Oversize Street Nan1e Signs
Acoma Parkin g Lo t Land scaping
Linco ln S tr ee t Parkin g Lot
Im provements of J ason /Centennial Restrooms
Bell e,~ew /Mlll er Par ks Improvem e nt
Po ll ce /Flre Co m plex Land
An im al Control Sh elt er
Ma ll ey Center Parking Lot
Mlll er Buildin g Carpe t
Bo n d P & I Pa yments
Ro<1<l & Brtd ge
$14 ,869 .09
<$3 ,554.76>
<3.007 .45>
<81.00>
<520 .47 >
<6 5 .00 >
<6.01 5.6 0>
<1.263 .52 >
<194.20>
488.60
<1 ,8 96 .31 >
<37.82>
<779.73 >
875 .0 0
<734.79>
< 1.5 I 9 .9 1 >
<363 .0 4>
224.75
3 576 .16
<$14,869 .09>
Section 2 . The following transfer of funds Is hereby made In the 1990 budget
fo r the Golf Course Fund and the Public Improvement Fund: -
Source of Funds
Golf Course Fund
Application of Funds
PIF -Golf Course Storage Building
$3,772.13
$3,772.13
Section 3. The City i.:~ ... age r and Acttng Director of Finance are hereby
authorized to make the above changes to the 1990 Budget of the City of Englewood .
ADOP.TED AND APPROVED this 19th day of February, 1991 .
ATTEST :
Patrlda H. Crow, Ci ty Clerk
I, Patricia H. Crow, City Clerk for ·Jte City of EngJ.cwood, Colorado, hereby
certify the above Is a true copy of Resolution No . .;1, 3 . Serles of 1991.
DATE
February 19, 1991
INITIATED BY
STAFF SOURCE
COUNCIL COMMUNICATION
AGENDA ITEM
11 g
SUBJECT 1990 Publlc
Improvement Fund
BudgetAmendJnent
Department of Financial Services
Linda Martin, Acting Dtrector of Finance
ISSUE / ACTION PROPOSED
Approval of a resolution approprtattng additional funds to the Publlc Improvement
fund Balance .
PREVIOUS COUNCIL ACTION
None .
STAFF ANALYSIS
Of the 51 Public Improve ment Fund projects whlch were ar.tive In 1990, 33 of them
are complete and we are recommending that they be clot,e d . The rema lntng 18
projects are ongoing and should remain open. Five of these 51 proj ects are over
b udget and r equtre additional funding. Th e r emaining projects are under budget hy a
tota l of $20 .033.67f Additional fundJng In the amount of $5.164.51 from the PT
Fund and a transfer of S3.772.13 from the Golf Co urse Enterprise fund ts n ercssary
to halance these 0ve projects . WIU1 Ut e approp1la tion of the r eq uire d $8,936.61 :he
Plf wlll have a n et surplu s In budge ted funds of $14 ,869.09.
FINANCIAL
The rec:i mme nded budget adj u s tme nts a re as foll ows :
Appropri a te S5 . 164 .5 1 from tJ1 c PIF Fund Ba lancr to cover overruns 011 ln11r
projects .
Trans fer S3. 772 . 13 fr om the Go lf Co urse Fund to cove r ntlrl t 1011 al
Improveme nt s to ma inten ance f;i cillties a t 11:e Golf Cours wh ic h w~r e rnmp lrtcd in
1990.