HomeMy WebLinkAbout1978 Resolution No. 035•
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RESOLUTION NO. JS , SERIES OF 1978
A RESOLUTION AMENDING THE GENERAL AND PUBLIC IMPROVEMENT FUNDS
WHEREAS, the City Council of the City of Englewood,
Colorado, haa approved a General Fund and Public Improvement
Fund Budget for 1978; and
WHEREAS, the General Fund has an additional fund
balance of $440,000 above the projected balance at year end
1977; and
WHEREAS, the City Council is desirous of appropriating
$400,000 for Little Dry Creek for improvements in future years;
and
WHEREAS, even though the City'• financial condition
baa improved over the la•t two years above the projections; and
WHEREAS, the Citizens Tax Comnittee will be reviewing
the financial statue of the City over a five year period conmencing
in 1978; and
WHEREAS, the funds for Little Dry Creek will be used to
supplement the General Fund Revenues if the financial position of
the City changes;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of
the City of Englewood, Colorado, aa follows:
Section 1.
The following estimated revenues and appropriations are
hereby made in the General Fund (Fund Balance transfer).
Section 2.
Source of Fund•
Fund Balance
Appropriation•
Public Improvement Fund
$ 400,000
$ 400,000
The followinf estimated revenue,a and appropriations are
hereby made in the Pub ic Improvement Fund.
Source of Fund•
Fund Balance tran•fer (General
Fund)
$ 400,000
Section 3.
-2 -
Appropriations
Restricted Cash for construction
of Little Dry Creek $ 400,000
The City Manager and Director of Finance are hereby
authorized to make the above changes to the 1978 budget of the
City of Englewood.
ADOPTED AND APPROVED this 17th day of April , 1978.
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