HomeMy WebLinkAboutURA Resolution 2001-08
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 08
Series of 2001
ORIGiNAL
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2002.
WHEREAS, C.R.S. 29-1-103 (I) of the "Local Government Budget Law of
Colorado"requires certain local governmental entities to prepare and adopt an annual budget; and
WHEREAS, the Attorney for the Authority has opined, by memorandum dated August 29,
200 I, that the provisions of the Budget Law do apply to the authority; and
WHEREAS, notice of adoption of this 2002 budget and appropriation was given by the Urban
Renewal Authority in compliance with C.R.S. 29-1-106; and
WHEREAS, in compliance with the provisions of the Budget Law regarding notice,
objections, and hearing, a public hearing was held on this Supplemental Budget and Appropriation for
2001 by the Authority on October 15, 2001.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section I. The year 2002 budget as shown on Exhibit 1 attached hereto is hereby approved.
Section 2. Sources of revenue for the Authority are sales and property tax increments
generated in the urban renewal area and interest earned on checking and Colotrust accounts.
Section 3. Total expenditures of the Authority do not exceed available revenues and beginning
fund balance.
Section 4. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED the /3+A-dayof f/lI1J-4dwJ/ ,2001.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
W~~
Chairman
ATTEST:
7(a~~~/J
Secretary to e Authonty
C:\MyFiles\WPFiles\URA\2002 budget res.wpd
Exhibit 1
URBAN RENEWAL AUTHORITY FUND 37
ACTUAL 2000 BUDGET 2001 REV. 2001 BUDGET 2002
BEGINNING FUND BALANCE $439,321 $515,051 $515,051 $55,252
Revenues
37-500-00-501 Property Tax Increment $238,000 $240,000 $256,300 $250,000
37-500-00-504 Sales Tax Increment $100,000 $100,000 $100,000 $100,000
37-580-00-581 Interest $25.000 $25 000 $22 000 $8 000
TOTAL REVENUE $802,321 $880,051 $893,351 $413,252
Personnel
37-120-600-602 Salaries $0 $0 $0 $0
37-120-600-625 FICA ~ ~ ~ ~
Total Personnel $0 $0 $0 $0
Supplies
37-120-650-651 Office Supplies $300 $500 $200 $200
37-120-650-654 Printing & Photocopying $500 $3,000 $2,000 $2,000
37-120-650-655 Postage $200 $600 $600 $600
Total Supplies $1,000 $4,100 $2,800 $2,800
Services
37-120-700-702 Conference & Meetings $1,000 $2,000 $350 $1,000
37-120-700-706 Dues, Books, Sub $3,200 $3,200 $3,200 $3,200
37-120-700-740 Mileage $0 $300 $0 $300
37-120-700-750 Professional Services $51,370 $105,000 $265,500 $25,000
37-120-700-758 City Reimbursement $5,000 $5,000 $7,500 $25,000
37-120-700-799 Misc. $200 $200 $200 $200
Total Services $60,770 $115,700 $276,750 $54,700
Capital
37-120-800-801 Acquisition & Relocate $0 $0 $0 $0
37-120-800-872 Site Improvements $35,000 $17,500 $17,500 $17,500
Loan Payments $0 $0 $0 $0
37-120-800-872 PTI- Marketplace $136,000 $165,000 $144,300 $44,000
Transfer to Parks $54 500 $66,749 $0
Transfer to City $280,000 $0
37-120-800-899 Unallocated $50 000 $100.000
Total Capital $225,500 $182,500 $558,549 $161,500
TOTAL EXPENDITURES $287,270 $302,300 $838,099 $219,000
ENDING FUND BALANCE $515,051 $577,751 $55,252 $194,252
URA 2002 Budget