Loading...
HomeMy WebLinkAboutResolution 2014-0010TI TLE : C ITY OF WH EAT RIDGE, COLORADO RESO L UTION NO. 10 Series of 2014 A RESOLU TI ON AMENDING T HE FI SCAL YEAR 2014 BUDGET TO REFLECT THE APPROVAL OF A SUPPL EM ENTA L BUDGET APPROPRIATION FOR THE RE -APPROPR IATION AND RE - ENCUMBRANCE OF 2013 FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF $4,512 ,901 .27 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, 57 open purchase orders from 2013 were closed on December 31 ,2013;and WHEREAS, to continue these projects in 2014 a supplemental budget appropriation is necessary to transfer the funds from unreserved fund balances to specific 2014 budget line items: NOW, TH EREFORE , BE IT RESOLVED by the Ci ty Council of the City o f Wheat R i dge, Colorado, as f o llows: A. The City of Wheat Ridge fiscal year 2014 Budget be amended according ly , specifically transferring a total of $4,512 ,901 .27 from the following unreserved fund balances to specific 2014 Budget line items as detailed in the attached spreadsheets: General Fund Capital Investment Fund Open Space Fund Conservation Trust Fund Total $ 472 ,860 .92 $3,028 ,108.09 $ 732 ,283 .35 $ 279 ,64 8.91 $4,512 ,901 .27 DONE AND RESOLVED this 10th day of Februar:.y,2014 . '--\ ATTEST: