HomeMy WebLinkAboutResolution 2013-0010TITLE:
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION N0.10
Series of 2013
A RESOLUTION AMENDING THE FISCAL YEAR 2013 BUDGET
TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION FOR THE RE-APPROPRIATION AND RE-
ENCUMBRANCE OF 2012 FISCAL YEAR ENCUMBERED FUNDS
IN THE AMOUNT OF $802,682.32
WHEREAS, the City's independent auditor has recommended that the City
utilize generally accepted accounting principles (GAAP) for its budgeting basis which
requires all encumbrances to expire at year end; and
WHEREAS, 35 open purchase orders from 2012 were closed on December
31, 2012; and
WHEREAS, to continue these projects in 2013 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to
specific 2013 budget line items:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Wheat Ridge, Colorado, as follows:
A. The City of Wheat Ridge fiscal year 2013 Budget be amended
accordingly , specifically transferring a total of $802 ,682 .32 from the following
unreserved fund balances to spec if ic 2013 Budget line items as detailed in the
attached spreadsheets:
General Fund
Capital Investment Fund
Open Space Fund
Conservation Trust Fund
Total
$295.882 .19
$324,597.60
$ 35.908 .53
$146,294.00
$802,68 2 .32
DONE AND RESOLVED th is 11 1h day of Februa 20
L/1
ATTEST:
d),