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HomeMy WebLinkAbout2025 Resolution No. 005 RESOLUTION NO. 5 SERIES OF 2025 A BUDGET SUPPLEMENTAL RESOLUTION TO AMEND APPROPRIATIONS WITHIN THE 2025 BUDGET OF THE CITY OF ENGLEWOOD WHEREAS, the City of Englewood is required by Section 83 of the Englewood Home Rule Charter to ensure that expenditures do not exceed legally adopted appropriations; and WHEREAS, the 2025 Budget was submitted and approved by the Englewood City Council in Ordinance No. 42, Series of 2024, on October 21, 2024; and WHEREAS, specific expenditures for 2025 have now been identified, necessitating these supplemental and amended appropriations to be hereby presented for the consideration and approval of the City Council; and WHEREAS, the City Manager’s Office (Administration) requests an increase to the Sustainability Division’s personnel budget to fund the reclassification of the Green Business Coordinator position from part-time to full-time per the Intergovernmental Agreement with the City of Littleton approved on August 5, 2024 for which the City of Littleton will provide funding of this position and amend the budget accordingly; and WHEREAS, the Englewood electorate authorized on November 5, 2024 the issuance of General Obligation Bonds to finance several capital improvement projects identified by the Parks, Recreation, Library and Golf Department for which the debt service commences in 2025 and a budget amendment is requested; and WHEREAS, the Englewood electorate authorized on November 5, 2024 the issuance of General Obligation Bonds to finance several capital improvement projects identified by the Parks, Recreation, Library and Golf Department for which the construction fund is to be established to account for the spending of the GO Bond proceeds and a budget amendment is requested; and WHEREAS, the Parks, Recreation, Library and Golf Department requests repurposing the available capital project balance of the Bates Logan Phase I Match Project (#10 1300 506 02) to the existing Bates Logan Phase II Match Project (#10 1300 506 04) for which staff requests to modify the budget; and WHEREAS, the Public Works Department requests repurposing the available capital project balance of the S Broadway ROW Beautification Project (#30 1001 020) to the existing S Broadway Streetscape Project (#30 1001 022) for which staff requests to amend the budget accordingly; and WHEREAS, the Public Works Department requests repurposing the available program balance of the Road & Bridge Repair Materials Program (#30 1001 001) to the existing Pavement Maintenance by Area Program (#30 1001 031) for which staff requests a budget amendment, and WHEREAS, Section 92 of the Englewood Home Rule Charter requires the City Council to adopt a Resolution to transfer any unencumbered appropriation balance or portion thereof from one department, office, or agency to another; and WHEREAS, Section 93 of the Englewood Home Rule Charter requires that appropriations in addition to those contained in the budget shall be made only on the recommendation of the City Manager, and only if the City Treasurer certifies that there is an available cash surplus sufficient to meet such appropriations; and WHEREAS, in conformance with Sections 92 and 93 of the Englewood Home Rule Charter, the City Manager hereby requests a Budget Supplemental to authorize the transfer of funds within the adopted City of Englewood 2025 budget as set forth below. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Docusign Envelope ID: 0C778C71-0A9B-442F-A719-147E14412309 ENGLEWOOD, COLORADO, AS FOLLOWS: Section 1. The Budget for the City of Englewood, Colorado, is hereby amended for the year ending 2025, as follows: ADDITIONAL APPROPRIATION in accordance with Section 93 of the Englewood Home Rule Charter: SOURCE OF FUNDS: (1) General Fund (02) $49,000 Source of Funds: Contribution from the City of Littleton • $49,000 - operational appropriation amendment for the City Manager’s Office (Administration) to increase the Sustainability Division’s personnel budget to account for the reclassification of the Green Business Coordinator position from part-time to full-time in accordance with the City of Littleton’s Intergovernmental Agreement that City Council approved on August 5, 2024. This position is funded in part by the City of Littleton (50%) and the City of Sheridan (20%) GENERAL FUND TOTAL $49,000 (2) Parks and Rec Debt Service Fund (20) $4,000,000 Source of Funds: 2024 Property Tax (2.122 mill levy) received in 2025 • $4,000,000 – On November 5, 2024 the Englewood voters approved to increase the city’s debt with the issuance of General Obligation Bonds to be used for the identified Parks and Recreation capital improvement projects listed in the ballot measure PARKS AND RECREATION DEBT SERVICE FUND TOTAL $4,000,000 (3) Parks and Recreation Construction Fund (35) $41,500,000 Source of Funds: Proceeds from the 2025 General Obligation Bond Issue • $41,500,000 – On November 5, 2024 the Englewood voters approved to increase the city’s debt and issue General Obligation Bonds to be spent on the identified Parks and Recreation capital improvement projects listed in the ballot measure PARKS AND RECREATION CONSTRUCTION FUND TOTAL $41,500,000 (4) Open Space Fund (10) $31,814 Source of Funds: Repurpose of a Capital Project Balance • $31,814 from Bates Logan Phase I Match (#10 1300 506 02) into the existing project of Bates Logan Phase II Match (#10 1300 506 04) OPEN SPACE FUND TOTAL $31,814 Docusign Envelope ID: 0C778C71-0A9B-442F-A719-147E14412309 (5) Public Improvement Fund (30) $804,470 Source of Funds: Repurpose the Capital Project Balance as follows: • $69,551 from S Broadway ROW Beautification Project (#30 1001 020) into the existing S Broadway Streetscape Project (#30 1001 022) • $734,919 from Road & Bridge Repair Materials Program (#30 1001 001) into the existing Pavement Maintenance by Area Program (#30 1001 031) PUBLIC IMPROVEMENT FUND TOTAL $804,470 SOURCES OF FUNDS TOTAL $46,385,284 USE OF FUNDS (1) General Fund (02) $49,000 Use of Funds: • $49,000 for the 2025 operational requests for the City Manager’s Office (Administration) to increase the Sustainability Division’s personnel budget to account for the reclassification of the Green Business Coordinator position from part-time to full-time per the City of Littleton’s Intergovernmental Agreement that City Council approved on August 5, 2024. This position is funded in part by the City of Littleton (50%) and the City of Sheridan (20%) GENERAL FUND TOTAL $49,000 (2) Parks and Recreation Debt Service Fund (20) $4,000,000 Use of Funds: 2025 Debt Service appropriation for the issuance of General Obligation Bonds • $4,000,000 – On November 5, 2024 the Englewood voters approved to increase the city’s debt with the issuance of General Obligation Bonds to be used for the identified Parks and Recreation capital improvement projects listed in the ballot measure PARKS AND RECREATION DEBT SERICE FUND TOTAL $4,000,000 (3) Parks and Recreation Construction Fund (35) $41,500,000 Use of Funds: Parks and Recreation Capital Improvement Projects Proceeds from the 2025 General Obligation Bond Issue as authorized by the Englewood voters on November 5, 2024 • $41,500,000 – On November 5, 2024 the Englewood voters authorized to increase the city’s debt with the issuance of General Obligation Bonds to be used for the identified Parks and Recreation capital improvement projects listed in the ballot measure PARKS AND RECREATION CONSTRUCTION FUND TOTAL $41,500,000 Docusign Envelope ID: 0C778C71-0A9B-442F-A719-147E14412309 (4) Open Space Fund (10) $31,814 Use of Funds: Additional funding requested in order to complete a few existing capital projects • $31,814 from the Bates Logan Phase I Match Project (#10 1300 506 02) to the existing Bates Logan Phase II Match Project (#10 1300 506 04) OPEN SPACE FUND TOTAL $31,814 (5) Public Improvement Fund (30) $804,470 Use of Funds: To repurpose the capital appropriation balance for the below listed project and program: • $69,551 from the S Broadway ROW Beautification Project (#30 1001 020) to the existing S Broadway Streetscape Project (#30 1001 022) • $734,919 from the Road & Bridge Repair Materials Program (#30 1001 001) to the existing Pavement Maintenance by Area Program (#30 1001 031) PUBLIC IMPROVEMENT FUND TOTAL $804,470 USES OF FUNDS TOTAL $46,385,284 Section 2. The City Manager and the Director of Finance, in accordance with Section 92 and Section 93 of the Englewood Home Rule Charter, are hereby authorized to make the above-listed transfers within the 2025 Budget for the City of Englewood. ADOPTED AND APPROVED this 17th day of March 2025. Joe Anderson, Mayor Pro Tem ATTEST: Stephanie Carlile, City Clerk CLERK’S CERTIFICATION I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify the above is a true copy of Resolution No.5, Series of 2025. Stephanie Carlile, City Clerk Docusign Envelope ID: 0C778C71-0A9B-442F-A719-147E14412309