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HomeMy WebLinkAboutResolution 2012-0014CITY OF WHEAT RIDGE , COLORADO RESOLUTION NO. 14 Series of 2012 TITLE : A RESOLUTI ON AMENDING THE FISCAL YEAR 2012 BUDGET TO REFLECT THE APPROVAL O F A SUPPL EMENTAL BUDGET APPROPRIATION FOR THE RE -APPROPRIATION AND RE - ENCUMBRANCE OF 2011 FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF $1,301 ,803.33 WHEREAS, the City's independent audito r has recommended t h at the City utilize generally accepted accounting principles (GAAP) for its budgeting basis which requires all encumbrances to expire at year end ; and WHEREAS, 50 open purchase orders from 2011 were closed on December 31 , 201 1;and WHEREAS, to continue these projects in 2012 a supplemental budget appropriation is necessary to t ransfer the funds from unreserved fund balances to specific 2012 budget line items : NOW, THEREFORE, BE IT RESOLVED by the City Council of the C i ty of Wheat Ridge, Colorado, as follows : A . The City of Wheat Ridge fiscal year 2012 Budget be amended accordingly, specifically transferri ng a total of $1 ,301 ,803.33 from the following unreserved fund balances to specific 2012 Budget line items as deta iled in the attached spreadsheets : General Fund Cap ital Investment Fund Open Space Fund Police Investigation Fund Conservation Trust Fund Total $306,802 .80 $440,161 .18 $539,877 .08 $ 9 ,250 .00 $ 5.712 .27 $1 ,301 ,803 .33 DON E AND RESOLVED this 27'h day of February 2012 . ATTEST: c Itt J Lt~U J !?at ~v ~nelle Shaver, City Clerk