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HomeMy WebLinkAbout11ciii RESOLUTION - BUDGET SUPPLEMENTAL COUNCIL COMMUNICATION TO: Mayor and Council FROM: Kevin Engels DEPARTMENT: Finance DATE: March 17, 2025 SUBJECT: 2025 Budget Supplemental #1 DESCRIPTION: 2025 Budget Supplemental #1 Request RECOMMENDATION: Staff seeks City Council consideration and approval of the first budget resolution for the Fiscal Year 2025. This budget supplemental request totals $46,385,284. PREVIOUS COUNCIL ACTION:  October 21, 2024 - City Council approved budget Ordinance No. 42, Series 2024 SUMMARY: This budget amendment serves the following purposes:  Modifying the City Manager's Office (Administration) budget to reclassify the Green Business Coordinator from part-time to full-time due to the City of Littleton's Intergovernmental Agreement (IGA) from August 5, 2024 ($49,000)  Establish the debt service fund to service the repayment of the 2025 General Obligation Bond issue as authorized by the Englewood voters on November 5, 2024 ($4,000,000)  Funding parks and recreation improvement projects outlined in the November 2024 bond measure ($41,500,000)  Repurposing available capital appropriation budget balance from Bates Logan Phase I Match to Bates Logan Phase II Match to fund approved improvements at Bates Logan Park ($31,814)  Repurposing available capital appropriation budget balances from former S. Broadway ROW Beautification to the S. Broadway Streetscape project ($69,551)  Repurposing available capital appropriation budget balances from Road & Bridge Repair Materials Program to Pavement Maintenance by Area Program ($734,919) ANALYSIS: Budget Amendment Philosophy In general, budget supplemental requests are used to address changes to the original, adopted budget due in part to errors, omissions, revisions to cost estimates and/or new requests due to unplanned events. Page 2431 of 2454 Budget supplemental process consists of the following reviews: STEP 1: Either by direction from a majority of Council (new initiative) or in the professional opinion of staff, a department identifies new or changes to the original expenditure request and determines whether the current budget is sufficient to absorb the new cost estimates. If the request is related to personnel, approval from City Manager’s Office and Human Resources is required. STEP 2: Department discusses cost changes with the City Manager’s Office and Finance to verify and clarify the request and determine whether this request is needed, can it be delayed to next year, or added to the current year. STEP 3: If the request is to be added to the current year, then a budget supplemental resolution is prepared by Finance and the City Attorney’s Office and presented to the City Council for their consideration and authorization. Details of the Requested Budget Amendment The following provides additional information for the 2025 operational and capital changes included in this budget resolution: Amendment Number Requested Amount Fiscal Notes, Budget Source, and Description Reason for the Request (1) $49,000 Fiscal Notes: General Fund (02) - City Manager's Office (Administration)  $49,000 amending the 2025 budget for the purpose described below Description: The request is to increase the City Manager's Office (Administration) Sustainability Program Division budget appropriation due to the reclassification of the Green Business Coordinator from part-time to full-time due to the City of Littleton's Intergovernmental Agreement (IGA) dated August 5, 2024. The City of Littleton will provide the funding for this increase. This position is funded in part by the City of Littleton (50%) and the City of Sheridan (20%). In 2024, the Sustainability Program Manager's duties changed to include the supervision of the Green Business Coordinator position whose classification changed from part-time to full- time as this position also serves the City of Littleton 50% of the time per the August 5, 2024 IGA. (2) $4,000,000 Fiscal Notes: Establish the November 2024 Englewood Voter Authorized Parks & Establishing the Parks and Recreation GO Page 2432 of 2454 Rec GO Bond Debt Service Fund (20)  $4,000,000 amending the 2025 budget for the purpose described below Description: On November 5, 2024, the Englewood voters authorized the issuance of General Obligation (GO) debt in order to fund several parks and recreation improvement projects outlined in the Ballot Measure. The annual debt service payment for the GO Bond issuance is limited to $4,000,000. Bond Debt Service Fund (20) (3) $41,500,000 Fiscal Notes: Establish the November 2024 Englewood Voter Authorized Parks & Rec GO Bond Construction Fund (35)  $41,500,000 amending the 2025 budget for the purpose described below Description: On November 5, 2024, the Englewood voters authorized the issuance of General Obligation (GO) debt in order to fund several parks and recreation improvement projects outlined in the Ballot Measure. The par value of the GO Bond issuance is $41,500,000. The proceeds amount received may be adjusted up or down if the bonds sell at a premium or a discount, respectively.  IMPROVEMENTS TO BARDE PARK, BELLEVIEW PARK, CLARKSON-AMHERST PARK, CUSHING PARK, MILLER FIELD, NORTHWEST GREENBELT, ROTOLO PARK, EMERSON PARK, ENGLEWOOD RECREATION CENTER, AND PIRATES COVE, INCLUDING NEW RECREATIONAL FACILITIES, IRRIGATION UPDATES TO REPLACE AGING EXISTING IRRIGATION SYSTEMS Establishing the Parks and Recreation GO Bond Construction Fund (35) to account for the identified capital improvement projects listed in the November 5, 2024 ballot measure (4) $31,814 Fiscal Notes: Open Space Fund (10)  $31,814 amending the 2025 budget for the purpose described below The Open Space Fund's project 10 1300 506 02 - Bates Logan Phase I Page 2433 of 2454 Description: Parks, Recreation, Library Golf Department requests the repurposing of the available capital appropriation budget balance from project 10 1300 506 02 - Bates Logan Phase I Match to project 10 1300 506 04 - Bates Logan Phase II Match. Match is complete and there is a balance remaining which could be used to offset phase II costs. (5) $804,470 Fiscal Notes: Public Improvement Fund (30)  $804,470 amending the 2025 budget for the purpose described below Description: Public Works Department requests the repurposing of the available capital appropriation budget balances for the following:  $69,551 - To project 30 1001 022 - S Broadway Streetscape; from project 30 1001 020 - S Broadway ROW Beautification  $734,919 - To program 30 1001 031 - Pavement Maintenance by Area Program; from program 30 1001 001 - Road & Bridge Repair Materials Program (staff recommends a $150K balance to be added to the 2025 budget appropriation of $150K for a total 2025 capital appropriation budget of $300K for the Road & Bridge Repair Materials Program) The Public Improvement Fund's project 30 1001 020 - S Broadway ROW Beautification is complete and there is a balance remaining which could be used to offset unexpected costs of the S Broadway Streetscape project. Also, $150K is needed in the Road & Bridge Repair Materials Program and the excess balance could be used to offset costs of the Pavement Maintenance by Area Program. TOTAL $46,385,284 COUNCIL ACTION REQUESTED: Staff requests that City Council approve this budget resolution for the 2025 appropriation supplemental to provide funding for the operational and capital costs as submitted. FINANCIAL IMPLICATIONS: The following funds are impacted by this appropriation budget supplemental request:  $ 49,000 - General Fund (02)  $ 31,814 - Open Space Fund (10)  $ 804,470 - Public Improvement Fund (30) Page 2434 of 2454  $41,500,000 - Parks & Recreation GO Bond Construction Fund (35)  $ 4,000,000 - Parks & Recreation GO Bond Debt Service Fund (20)  $46,385,284 - TOTAL Fund Description Sources of Funds Uses of Funds General (02) General Fund Contribution from the City of Littleton per the August 5, 2024 Intergovernmental Agreement (IGA) $49,000 City Manager's Office (Administration) Sustainability Program $49,000 Open Space (10) Repurpose available Capital Appropriation Budget  From Project 10 1300 506 02 - Bates Logan Phase I Match $31,814  To Project 10 1300 506 04 - Bates Logan Phase II Match $31,814 Public Improvement (30) Repurpose available Capital Appropriation Budget  From Project 30 1001 020 - S Broadway ROW Beautification $69,551  From Program 30 1001 001 - Road & Bridge Repair Materials Program (leaving $150K in the program budget) $734,919  To Project 30 1001 022 - S Broadway Streetscape $69,551  To Program 30 1001 031 - Pavement Maintenance by Area Program $734,919 Parks & Rec Construction (35) Parks & Rec 2025 GO Bond Issue Proceeds (Par Value) $41,500,000 Parks & Rec Construction Fund Projects Budget $41,500,000 Parks & Rec Debt Service (20) 2024 Property Tax Revenue Received in 2025 (2.122 mill levy) $4,000,000 Estimated 2025 Annual Parks & Rec GO Bond Debt Service Expense $4,000,000 TOTALS $46,385,284 $46,385,284 Less: Interfund Transfers between funds $0 $0 NET TOTALS $46,385,284 $46,385,284 Page 2435 of 2454 CONNECTION TO STRATEGIC PLAN: Budget Supplemental/Amendment is linked to the following city strategic outcomes/results:  Governance - A city government that is accountable, effective, and efficient  Infrastructure - A city that proactively and in a cost-effective manner invests in, maintains, and plans to protect its infrastructure  Safety - A city that protects and serves the community and its people with professionalism and responsiveness  Sustainability - A city that stewards its resources for the benefit of current and future generations  Transportation - A city that invests resources, in a cost effective manner, into maintaining and improving transportation options for all modes with a focus on safety OUTREACH/COMMUNICATIONS: N/A ATTACHMENTS: Resolution 2025 Budget Supplemental #1 Page 2436 of 2454 RESOLUTION NO. 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 Page 2437 of 2454 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 Page 2438 of 2454 (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 Page 2439 of 2454 (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. Othoniel Sierra, Mayor 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. , Series of 2025. Stephanie Carlile, City Clerk Page 2440 of 2454 2025 Budget Supplemental #1 Presented By Kevin Engels, Director of Finance Pa g e 2 4 4 1 o f 2 4 5 4 I.Budget Supplemental Approval Process II.Budget Supplemental Request Schedule III.2025 Budget Supplemental Summary IV.Budget Supplemental Requests V.Questions Agenda Pa g e 2 4 4 2 o f 2 4 5 4 Budget Supplemental Process STEP 1: Either by direction from a majority of Council (new initiative) or in the professional opinion of staff, a department identifies new or changes to the original expenditure request and determines whether the current budget is sufficient to absorb the new cost estimates.If the request is related to personnel, approval from City Manager’s Office and Human Resources is required. STEP 2: Department discusses cost changes with the City Manager’s Office and Finance to verify and clarify the request and determine whether this request is needed, can it be delayed to next year, or added to the current year. STEP 3: If the request is to be added to the current year, then a budget supplemental resolution is prepared by Finance and the City Attorney’s Office and presented to the City Council for their consideration and authorization. Pa g e 2 4 4 3 o f 2 4 5 4 Budget Supplemental Request Schedule* Year No.City Council Meeting Date Resolution No. 2024 #1 January 8, 2024 Resolution No. 2, Series 2024 #2 July 15, 2024 Resolution No. 22, Series 2024 #3 November 18, 2024 Resolution No. 32, Series 2024 #4 April/May 2025 2024 Yearend True Up 2025 #1 March 17, 2025 Resolution No. TBD, Series 2025 #2 July 21, 2025 #3 November 17, 2025 #4 April/May 2026 2025 Yearend True Up *Please Note: The budget supplemental schedule is subject to change due to the timing of the amendment request; the yearend true up follows the completion of the annual financial audit Pa g e 2 4 4 4 o f 2 4 5 4 Fund Budget Supplemental #1 Budget Supplemental #2 Budget Supplemental #3 Budget Supplemental #4 TOTALS General Fund $0 $0 $0 $0 $0 Other Funds $0 $0 $0 $0 $0 TOTALS:$0 $0 $0 $0 $0 American Rescue Plan Act (ARPA) funding included in the above table figures: Fund Budget Supplemental #1 Budget Supplemental #2 Budget Supplemental #3 Budget Supplemental #4 TOTALS General Fund $49,000 $0 $0 $0 $49,000 Other Funds $46,336,284 $0 $0 $0 $46,336,284 TOTALS:$46,385,284 $0 $0 $0 $46,385,284 2025 Budget Supplementals Uses of Funds Pa g e 2 4 4 5 o f 2 4 5 4 Request Uses of Funds Description Amount Sources of Funds Description Update •General Fund (GF): City Manager’s Office Sustainability Programs reclassification of the Green Business Coordinator Position from Part-Time to Full-Time due to the approval of the Intergovernmental Agreement with the City of Littleton in August 5, 2024 $49,000 General Fund Contribution from the City of Littleton for 50% of the Green Business Coordinator Position New •Parks & Rec 2024 GO Bond Debt Service Fund (DSF): On Nov 5, 2024, the Englewood voters approved the issuance of a General Obligation Bond to fund several parks and recreation improvement projects $4,000,000 Parks & Rec 2024 GO Bond Debt Service Fund Property Taxes Estimate New •Parks & Recreation GO Bond Construction Fund (CF): In April 2025, the city plans to issue Parks & Rec GO Bonds to fund several parks and recreation improvement projects approved by the Englewood voters on Nov 5, 2024. $41,500,000 Parks & Rec 2024 GO Bond Construction Fund’s 2025 General Obligation Bond Proceeds (the actual amount is based on the GO Bond issue) Uses of Funds Total $45,549,000 Sources of Funds Total Budget Supplemental #1: Resolution No. TBD Series 2025 – March 17, 2025 2025 Budget Supplemental #1 Requests (1 of 2) Pa g e 2 4 4 6 o f 2 4 5 4 Request Uses of Funds Description Amount Sources of Funds Description New •Open Space Fund (OSF): Parks, Recreation, Library Golf Department requests the repurposing of the available appropriation budget balance to project 10 1300 506 04 - Bates Logan Phase II Match $31,814 Public Improvement Fund project 10 1300 506 02 - Bates Logan Phase I Match available appropriation budget balance New •Public Improvement Fund (PIF): Public Works Department requests the repurposing of the available appropriation budget balance to project 30 1001 022 - S Broadway Streetscape $69,551 Public Improvement Fund project 30 1001 020 - S Broadway ROW Beautification available appropriation budget balance New •Public Improvement Fund (PIF): Public Works Department requests the repurposing of the available appropriation budget balance to project 30 1001 031 - Pavement Maintenance by Area Program $734,919 Public Improvement Fund project 30 1001 001 - Road & Bridge Repair Materials Program available appropriation budget balance (leaves $150K in program budget) Uses of Funds Total $836,284 Sources of Funds Total Previous Slide Uses of Funds Total $45,549,000 Grand Total $46,385,284 Budget Supplemental #1: Resolution No. TBD Series 2025 – March 17, 2025 2025 Budget Supplemental #1 Requests (2 of 2) Pa g e 2 4 4 7 o f 2 4 5 4 Purpose: Source of Funds: General Fund Contribution from the City of Littleton Program Use of Funds Amount City Manager’s Office (Administration)-Sustainability Program $ 49,000 General Fund Total $ 49,000 2025 Sustainability Program $49,000 Sustainability Program’s reclassification of the position and change in compensation amounts for the Green Business Coordinator. The position was reclassed from part-time to full-time in 2024 per the Intergovernmental Agreement with the City of Littleton approved on August 5, 2024; position funded in part by the City of Littleton (50%) and the City of Sheridan (20%) $49,000 Total Pa g e 2 4 4 8 o f 2 4 5 4 Purpose: To establish the 2025 debt service appropriation budget for the issuance of the Parks and Recreation General Obligation (GO) Bonds as authorized by the Englewood electorate on November 5, 2024 Program Use of Funds Amount 2025 Debt Service Appropriation Budget $ 4,000,000 Parks & Rec 2024 Authorized GO Bond Debt Service Fund Total $ 4,000,000 2025 Parks & Rec GO Bond Debt Service Fund SHALL THE CITY OF ENGLEWOOD DEBT BE INCREASED UP TO $41.5 MILLION, WITH A MAXIMUM REPAYMENT COST OF UP TO $72 MILLION, AND SHALL CITY TAXES BE INCREASED UP TO $4 MILLION ANNUALLY FOR THE PURPOSE OF IMPROVING, REPAIRING, EQUIPPING AND UPGRADING THE CITY'S PARKS AND RECREATION FACILITIES AND AREAS TO INCLUDE, BASED ON AVAILABLE FUNDS: -IMPROVEMENTS TO BARDE PARK, BELLEVIEW PARK, CLARKSON-AMHERST PARK, CUSHING PARK, MILLER FIELD, NORTHWEST GREENBELT, ROTOLO PARK, EMERSON PARK, ENGLEWOOD RECREATION CENTER, AND PIRATES COVE, INCLUDING NEW RECREATIONAL FACILITIES, IRRIGATION UPDATES TO REPLACE AGING EXISTING IRRIGAT ION SYSTEMS, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, WHICH SHALL MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED, DATED AND SOLD AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE CITY COUNCIL MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AMOUNTS, NOT TO EXCEED THE ABOVE AMOUNTS, SUFFICIENT IN EACH YEAR TO TIMELY PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS? November 5, 2024 Election Results: •YES/FOR 50.80% 8,638 •NO/AGAINST 49.20% 8,366 •TOTALS 100.00% 17,004 Source of Funds: •Annual Property Tax Revenue Pa g e 2 4 4 9 o f 2 4 5 4 Purpose: To establish the Parks and Recreation Appropriation Budget for the identified Parks and Recreation Capital Project List provided within the November 5, 2024 Ballot Measure •IMPROVEMENTS TO BARDE PARK, BELLEVIEW PARK, CLARKSON-AMHERST PARK, CUSHING PARK, MILLER FIELD, NORTHWEST GREENBELT, ROTOLO PARK, EMERSON PARK, ENGLEWOOD RECREATION CENTER, AND PIRATES COVE, INCLUDING NEW RECREATIONAL FACILITIES, IRRIGATION UPDATES TO REPLACE AGING EXISTING IRRIGATION SYSTEMS Source of Funds: •2025 Parks & Recreation GO Bond Proceeds Program Use of Funds Amount Parks & Recreation 2024 Englewood Voter Authorized Capital Project List $ 41,500,000 Parks & Rec 2024 GO Bond Construction Fund $ 41,500,000 2025 Parks & Rec GO Bond Construction Fund Pa g e 2 4 5 0 o f 2 4 5 4 Source of Funds: •Open Space Fund 10 1300 506 02 - Bates Logan Phase I Match Program Use of Funds Amount 10 1300 506 04 - Bates Logan Phase II Match $ 31,814 Open Space Fund Total $ 31,814 2025 Open Space Fund-Bates Logan Phase II Match Req Project # and Title Available Appropriated Balance Adjustment Adjusted Available Appropriated Balance 1a 10 1300 506 02 - Bates Logan Phase I Match $31,813.53 ($31,813.53)$0 1b 10 1300 506 04 - Bates Logan Phase II Match $697,811.00 $31,813.53 $729,624.53 The Parks, Recreation, Library and Golf Department requests repurposing the following available project balance into an existing project as provided below, if City Council agrees: •Final payment for Phase I of the Bates Logan Park Improvement Project was in 2024 Pa g e 2 4 5 1 o f 2 4 5 4 Source of Funds: •Public Improvement Fund 30 1001 020 - S Broadway ROW Beautification Program Use of Funds Amount 30 1001 022 - S Broadway Streetscape $ 69,551 Public Improvement Fund Total $ 69,551 2025 Public Improvement Fund-S Broadway Streetscape Req Project # and Title Available Appropriated Balance Adjustment Adjusted Available Appropriated Balance 2a 30 1001 020 - S Broadway ROW Beautification $69,551.00 ($69,551.00)$0 2b 30 1001 022 - S Broadway Streetscape $6,080,159.35 $69,551.00 $6,149,710.35 The Public Works Department requests repurposing the following available project balance into an existing project as provided below, if City Council agrees: •Final payment for the S Broadway ROW Beautification project was in 2022 Pa g e 2 4 5 2 o f 2 4 5 4 Source of Funds: •Public Improvement Fund 30 1001 001 - Road & Bridge Repair Materials Program ($150K balance remaining (2024) is added to the 2025 appropriation of $150K for a total program budget of $300K in 2025) Program Use of Funds Amount 30 1001 031 - Pavement Maintenance by Area Program $ 734,919 Public Improvement Fund Total $ 734,919 2025 Public Improvement Fund-Pavement Maintenance by Area Program Req Project # and Title 2024 Available Appropriated Balance Adjustment 2024 Adjusted Available Appropriated Balance 3a 30 1001 001 - Road & Bridge Repair Materials Program $884,919.17 ($734,919.17)$150,000.00 3b 30 1001 031 - Pavement Maintenance by Area Program $988,938.84 $734,919.17 $1,723,858.01 The Public Works Department requests repurposing the following available program balance into an existing project as provided below, if City Council agrees: Pa g e 2 4 5 3 o f 2 4 5 4 Questions and/or Comments Pa g e 2 4 5 4 o f 2 4 5 4