HomeMy WebLinkAbout1999 Resolution No. 105RESOLUTION NO.~
SERIES OF 1999 JI J if! ' JI 1•1,a l I If T",
A RESOLUTION FOR A SUPi'LEMENTAL APPROPRIATION FOR THE 1999 BUDGET
OF THE CITY OF ENGLEWOOD . COLORADO.
WHEREAS, the Englewood City Council approved the City orEnglewood's 1999 Budpt
on October 19, 1998; and
WHEREAS, the paaaage of tbia Reaolution will appropriate tbs additional fund, required
because all expenditures and e1pe11H1 an often not known until all invoice• and purcbue
orders are proceaaed at or after year end ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO , THAT:
Sw:tiwu.. The City of Enslewood 1999 Budget ia hereby amended ae followe :
GENERAL FUND:
Source of Fm,da:
Unreserved/Undesignated Fund Balance
Reserved Fund Balance
Ue1 ofFundt·
City Attorney'e Office
(Legal services related to City Center and EURA laweuit)
Intereet on Lease Oblication-Civic Center
(Certificatee of PllJ'licipation)
WATER FUND :
SllJi. ~:
Retai11ed eamin~•
l' se of Fundo:
'Constr;)ction bud19ted In 1998 completed in 1999
SEWER FUND :
Source of Funds :
Retained earnings
Use of Funda:
Construction budgeted in 1998 completed in 1999
$ 60,000
$ 954,664
$ 60,000
Lill.§§i
$1 ,014,664
$3 ,000,000
$3 ,000,000
\'
$ 500,000
$ 500,000
'fl
CAPITAL EQUIPMENT REPLACEMENT FUND :
Snw:oo of Funda:
Rutained earning■ S 232,000
Use of Funds ·
Vehicles appropriated in 1998 received in 1999 $ 232,000
PAVING DISTRICT-ENGLEWOOD COMMERCE AND INDUSTRY CEN'fER:
Soume of Funde :
Special Asaessment revenue
1Je of Fundn:
Capital outlay
County collection fee,
HOUSING REHABILITATION FUND :
Source of Funds:
Interest from Joana and investments
Use of Funda :
Interest expense
Diacounte on deferred Joana
Administration fee to General Fund
Fund administration
$ 114,710
$ 114,000
~
$ 114,710
$ 120,000
S 48,000
$ 46,liOO
$ 19,500
1-....UlOO
$ 120,000
I Ill
~-The City Manager and the Director of Financial Services are hereby authom.ed
to make the above changes to the 1999 Bud11et of the City of Englewood.
ADOPTE1J AND APPROVED this 20th day of December, 1999.
I, Loucrishia A. Ellis, City Clerk for the City of Englewood
above is a true copy of Resolution No$Seriea of 1 .
•· (I" • l n~rd1:lfl nl.iMqlUC3 .fATl'lA
.,~ 0
COUNCIL COIIIIUNCATION
llol• Agenda Item 8llbjecl
December 20, 1999 S ppr.m1111al Aj\prop"\\~on fo, year•
10 c I end 1999 to comply i.lth City a.a.to,
r9Clulrem11111
Initiated By I -Sou ...
City of Enalewood, Financial Services DM>anm1111 Frank Grvalewtcz. Directo<
COUNCIL GOAL ANll PREVIOUS COUNCIL ACTION
The Council approvad the 1999 Budgot and Appropriation on final reading October 19, 1998.
RECOMMENDED ACTION
Staff recommends Council approve the anachad reeofutlon for supplemental epproprtatlona for th• year ending 1999. Thau
additional funds are required becau■e all openditures and a>q>enaes are often not known until all Invoices and purchue
orders are proce11td at or after year-.nd.
The sources and uses of the funds are:
GENERAL FUND
Source of fundf; A--Unreaarv..Wndoelg.satad Fund Balonco
---R~erved Fund Balonce
$60,000
~
$1,014,894
u,. o1 fuodf;
City Anomey's Office
(Legal services relatad to City Conte, and EURA lawault)
Interest on Lease Obllgatlon-Clvic Center
(Canttlcatas of Pantcipatlon)
WATER FUND
Sourca of Fyndf;
Retained earnings
Uae of Fung.;
Construct io n budgeted in 1998 completed in 1999
SEWER FUND
Source of fundf:
Retained earnings
Uae of Fundfi
Construction budgeted in 1998 completed in 1999
$60 ,000
~
$1,014,884
$3,000,000
$3,000,000
$500,000
$500,000
CAPITAL EQUIPMENT REPLACEMENT FUND
Sourg of fund,;
Retained eamlngs
Upolfundo;
Vehicles appropriated In 1998 received In 1999 $232,000
PAVING DISTRICT-ENGLEWOOD COMMERCE AND INDUSTRY CENTER
Sours, of Fund■;
Special Assessment revenue
uoe 91 fund•;
Capltal outlay
County collection fees
HOUSING REHABIUTA TION FUND
Source of fundf;
Interest from loans and investments
U,, of fund1;
Interest expense
Discounts on deferred loans
Administration fee to Ger,eral Fund
Fund administration
$114,710
$114,000
L...l1Q
$114,710
$120,000
$ 48,000
$ 45,500
$ 19,500
LI.22!!
$120,000
The City of Englewood Is required by City Charle, to enaure that expendlturea do not e,i:eed legally adopted apprcprlatlcas. ...
The attached resolution appropriates funds to ensure that the City of Englewood complies with legal restrictions gove,ning
local budgeting.
ANANCIAL IMPACT
These supplemental appropriations will noduce Gene,al Fund unraserved fund balance and ,.....,ed fund balance by
$60,000 and $954,664, respect ively. The noductlon in General Fund unreserved fund balance was covered by collecting
more In sales and use taxes than was budgeted. The interest on the lease obligation W83 included in the proceeds of the
CertHlcates of Participation in Dece,nber 1998. Tho Water Fund's retained eamlngs are reduced $3,000,000 by this action.
The Sewer Fund's retained earnings are reduced by $500 ,000. The Capital Equ :pment 1eplacement Fund's retained
earnings are reduced by $232,000. Paving District-Englewood Commerce and lndustri Center completed improvements to
the District that were untOJeseen when the 1999 budget was adopted. The improveme its were paJd by assessment
revenues . The Housing Rehabillatlon Loan Fund was created in 1999 end did not ha1 e an originally adopted budget.
UST OF ATTACHMENTS
Proposed resolution
List prepared by !he City Attorney's Office of outside attorneys and their fees paid through November 1999
1999 OJJTSJPE A'M'ORNEY'S
Out.aide Attornu l••t SU.tcmcot Date Amount thmuah Nmmhcr oC 1UP
Nathan L. Andel'9Qhn 12/2/99 $ 5,279.78
Anderson Kill & Olick , P.C. 1 11/17/99 $ 12,578.77
Paul C. Be,1edetti 2 6/30/99 $ 17,547.00
Berenbaum Weinahienk & Eaaon 11/23/99 $ 82,89&.03
Burna Fi1a & Will 3 $ 42,884.39
Chrisman Bynum & Johnaon I 11/22/99 $706,879.79
Oonuch Kirgis 12/7/99 $101,531.10
Grim■haw & Harring 4/30/99 1,307.51
Guthery & Riclde■, P.C. 3 11/17/99 $ 21,106.68
Hall & Evan• 11/22/99 $ 2,565.60
Hill & Robbins , P.C. , 11/20/99 $222,183.38
Holme Roberti & Owen I i, 1/r.'9 $ 3,107.40
•
•
James S. Kim me l, Eaq . 4/8/99
Kiaainger & Fellman, P .C. 11/20/99
Kulak Rock
Nathan Bremer Dumm & My;:,rs 1/12/99
Otten Johnson Robinson Neff
& Ragonetti 11/24/99
Semple Miller & Mooney 11/6/99
Senter, Goldfarb & Rice
Weiner Schiller & May P . C.
Paid from Water Utility
EURA Special Appropriation punuant to Acreement
Paid by EEF or MERF
Paid from Wute Water Utility
$ 016 .00
$ 1,691.81
$ 3,026.00
s 14,892.86
s 46 ,376.00
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