HomeMy WebLinkAbout2015 Resolution No. 048RESOLUTION NO.~
SERIES OF 2015
A RESOLUTION APPROVING A YEAR-END SUPPLEMENTAL APPROPRIATION TO
THE 2014 BUDGET.
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do
not exceed legally adopted appropriations; and
WHEREAS, the 2014 Budget was submitted and approved by the Englewood City Council on
October 21, 2013; and
WHEREAS, the supplemental appropriations for 2014 are presented for City Council's
consideration at this time because total expenditures for the year are often not fully known until
all expenditures are paid, which is often months after year-end; and
WHEREAS, the Fire Department incurred additional, unanticipated overtime and other
expenditures in 2014; and
WHEREAS, due to the pending contract with the Denver Fire Department a portion of the
anticipated payout ofleave balances are required to be accrued in 2014; and
WHEREAS, the Risk Management Fund had unexpected claims due to damage from two hail
storms.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIT, OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
Section 1. The Budget for the General Fund and the Risk Management Fund of the City of
Englewood, Colorado, is hereby amended for the year 2014, as follows:
GENERAL FUND:
SOURCE OF FUNDS:
Unassigned Fund Balance
USE OF FUNDS:
Contingency-Leave Payouts for Retiring Employees
Fire Department -Anticipated Leave Payout/Overtime/Other
Total Use of Funds
RISK MANAGEMENT FUND:
SOURCE OF FUNDS:
Unrestricted Funds Available
USE OF FUNDS:
Unanticipated Insurance Claims -Hail Storms
l
$938,000
$ 13,000
$925,000
$938,000
$80,000
$ 80,000
Section 2. The City Manager and the Director of Finance and Administrative Services are
hereby authorized to make the above changes to the 2014 Budget for the City of Englewood.
ADOPTED AND APPROVED this 20th day of April, 2015.
ATTEST:
I, Loucrishia A. Ellis, City Clerk for mty of Englewood, Colorado, hereby certify the
above is a lrUe copy of Resolution No. Seri~
Loucrishia A. Ellis, City Clerk
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COUNCIL COMMUNICATION
Date: Agenda Item: Subject:
April 20, 2015 11 Ci Resolution for a year-end supplemental appropriation
to the 2014 Budget
Initiated By: Staff Source:
Finance and Administrative Services Department Frank Gryglewicz, Director
COUNCIL GOAL ANO PREVIOUS COUNCIL ACTION
City Council has not discussed this supplemental appropriation or transfer specifically. Council approved
the 2014 Budget and Appropriations Ordinances on final reading on October 21, 2013. Council is
scheduled to discuss the audit and 2014 Comprehensive Annual Financial Report at the May 1 B, 201 S
Study Session.
RECOMMENDED ACTION
Staff recommends City Council approve the attached resolution for a supplemental appropriation to the
2014 Budget as follows:
• SOURCES ANO USES OF FUNDS:
GENERAL FUND:
SOURCE Of FUNDS:
Unassigned Fund Balance
USE OF FUNDS:
Contingency -Leave Payouts for Retiring Employees
Fire Department -Anticipated Leave Payout/Overtime/Other
Total Use of Funds
RISK MANAGEMENT FUND:
SOURCE Of FUNDS:
Unrestricted Funds Available
USE OF FUNDS:
Unanticipated Insurance Claims -Hail Storms
BACKGROUND, ANALYSIS, ANO ALTERNATIVES IDENTIFIED
$938,000
$13,000
$925,000
$938,000
$80,000
$80,000
The supplemental appropriations for 2014 are presented for Council's consideration at this time because
total expenditures for the year are often not fully known until all expenditures are paid, which is often
months after year-end.
The Fire Department incurred additional, unanticipated overtime and other expenditures in 2014 Also, due
to the pending contract a portion of anticipated payout of leave balances are required to be accrued in
2014. The Risk Management Fund had unexpected claims due to damage from two hails storms.
FINANCIAL IMPACT
The General Fund will experience a decrease of $938,000 and Risk Management Fund's reserves will
decrease $80,000.
LIST OF ATTACHMENTS
Proposed Resolution
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