HomeMy WebLinkAbout1982 Resolution No. 021RESOLUTION NO, J::.1-
SE RIES OF 1982
A RESOLUTION AM ENDING THE 1981 GENERAL FUND AND THE l 981 GOLF COURS E
FUN D BUDGET ,
wm:llE AS , the Cit y Council of t h e City of Englewood. Colorado ,
h .,s provided s ubsidy funding of the Englewood Golf Cour se • Jnd unt 11 s uch
time ss sa id fund becomea self-aufficlent; and
WHEREAS , operating costs exceeded the 1981 budget; and
NOii, THEREFORE, BF. IT RESOLVED, by the City Council of the
City of Englewood, Colorado:
Sect ion l.
Th e following appropriation is hereby made in the Ge nera l Fund:
Sourc e of t~unds
Fund Ba lance $ 6 2 ,4 34
Application of Fonds
Golf Co urse Subsidy $ 62,434
Section 2 ,
The following app ropriation is hereby made i n the Golf Co urse
Fund:
Sou r ce of Fund s
Fund Ba lance
Application of Fu nds
$ 18,605
Coumodities a nd Contractual Services $ 1 8 ,605
Se ction 3 ,
'lhc City M.anaKer and Di r ector of Finance are \1 c reby authorl:tcJ
to ~•ke the above changes to the 1981 buJget of the Ci ty o f Engl ewood,
ADOFTED AND APPROVED thi s i.!l.!!!.__ day of 4-kl, , 1982, c;;:::) -0cy-0-~c /4 cf%,:l-
'layor
I, Gary R, Higbee , ex officio City Cle rk-Treasurer of the Clty
of Engle,.;oo d, Colorado, do hereby ce rti fy that the above and forego in g l"
a true 1 accurate and com plete copy of Reaolution No.cJ:,j_. Series of 190 'l,
(e<) <f;f ,Ir. ~?'/.__...,,,
Gary R, .!l'-g bee
-
~!eab erships
Green Fees
Golf Cart Rental
Con ceealons
Ope rating Subsidy
~liscellar:eous
3ond Proceed s
Per :Jona l Services
Com::iodlt1es & Contractual
se,vlces
Capita l Outlay
Inte r est
Depredaci on
~ru •HctP.\L GOL F cou :ts :: FUND
STAre:::srs OF REVENUES AND E.\?ENDI TtRES -BUDG ET AND ACTU AL
FOR THE YEAR ENDED DECE:"IBER J I, 19 81
~
Ac tual Revenues &
Other Fina ncing Budge t
~ Bond Procet.d_! Sources (As Rev ised)
$ 21.394 S Zl ,594 S 13,800
16 5 ,045 165,045 ZO l ,450
38 ,430 38,430 35,000
8 ,885 8,885 10 ,000
100 ,434 100,434 38,000
030
$33,, 388
465,000 465 ,000
$298 ,880 $4 65,000 $799 ,388
EXPENOITIJRE S
Encum-Deprec1-Encum-
brances Ca pital 11tio n & brances
Expen ses I Z/ll/81 Outlay Debt Se rv . ll/l l /SO Actual
$108,453 $108,453
166 ,521 5 ,28 7 (2,275) 189 ,lJl
18,519 18,519
17,973 (1 7 ,973)
~
$5 287 ~.519
(ll,'4 1)
5(2 ,275) S316 1 502, $))4 ,388 $()9 ,4 14)
Actua l
Ove r(Under)
· Sud get
s 7,794
(36,405)
3,430
(I , Ill)
62,434
(630)
465,000
Sl00,508
Actual
Bud ge t Over(Under)
(As Revised ) Budse t
SI 16,070 S(l ,617)
!Sl ,735 7 ,798
18 ,700 (18 1)
$110,)1.)5 S 0
C O U N C I L C O ~ M U N I C A T I O N
DATE
Apr 11 14, 1982
AGENDA ITEM
b SUBJECT 1981 General Fund Budg e t
1981 Golf Course Fund Budget
INITIATF.D BY Gary R. Hi gb r~. Director of Finance
ACT IO N PROPOSED Approve resolution ame nding the 198 1
1981 Golf Course Fund Budget
BAC~KGROU@_:
As r e flected in t he 1982 buGget document, the City of Englew ood
o perates a 18 -h ole golf co~rse, and in 1981 th e s e cond nine holes
were use d under restr icted play only,
Du~ co the restricted play t n the second nine holec in 1981 , the
estimated subsidy required t ,,r the golf course from the gen eral
operating fund was revised t o $96,430 from an origina l budg~t estL-
ma t e of $38,000. Upon closing the books on the golf course fund in
1981 budget year, the actual general fund subsidy to the golf co urs e
is required to be $100,434.
GENERAL FUND TRAN SFER TO GOLF COUR SE r'UND
1981
Budget Actual
Transfer Transfer Differ~nc.-
Adopted bud get $ 38 ,000 $100,434 $ 62, 1, 31, Revised (not adopted) 96,430 100,4 31, ,, ,00 1,
-2-
As illustrated on the schedule listed below, the total authorized
e xp enditure level for the golf course fund for 1981 was $297,900.
Actual expenditures were $316,505 or $18,605 over the budg~t. Als o ,
please note the 1982 budget reflected an estimated 1981 golf courac
e xp enditure to be $315,290 or $1,215 below actual 1981 golf cour s ~
exp enditure.
Budg et
Act ual
RECO MMENDATION :
Expenditure
Budget
$297,900
316 ,505
$18,605
Budget
Estimat e ---·-
$315,290
316,505
$ 1,215
Re commen d pa s sage of th e resolution appropriating $62,434 f rom t he
i 98 1 genera l f und to the 1981 golf course fund and approp r i a t ing an
add l tlon a l $18,605 to the golf course fund for the purposes of co m-
modities and contra ctual services for the 1981 budget ye a r.
I