HomeMy WebLinkAboutURA Resolution 2002-02
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 02
Series of 2002
ORJG1NAL
TITLE:
A RESOLUTION ENACTING A SUPPLEMENTAL BUDGET AND
APPROPRIATION FOR THE YEAR 2002.
WHEREAS, C.R.S. 29-1-103 (I) of the "Local Government Bndget 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, 2001, that
the provisions of the Budget Law do apply to the authority; and
WHEREAS, C.R.S. 29-1-109 enables the Authority to make changes to an adopted budget upon
approval of a resolution complying with the notice provisions of C.R.S. 29-1-106; and
WHEREAS, notice of adoption of this supplemental 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 Bndget Law regarding notice, objections, and
hearing, a public hearing was held on this Supplemental Budget and Appropriation for 2002 by the Authority
on August 7, 2002.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Anthority as follows:
Section I. A supplemental budget and appropriation of the Wheat Ridge Urban Renewal Authority
2002 Budget is hereby approved. The purpose of the supplemental budget is to transfer funds from the
unallocated funds account and fund balance to the professional services account in order to reimburse
consultants for work performed for the Authority, to include as a revenue source the reimbursement of funds
from the City, and to make available funds for public improvements in connection with any potential urban
renewal project.
Section 2. The moneys are being transferred from the fund balance and unallocated funds account.
The sources of the fund balance and unallocated account are property and sales tax incremental revenues
generated in the urban renewal area, the interest on checking and Colotrust accounts, and reimbursement
from the City of Wheat Ridge.
Section 3. A certified copy of this resolution shall be filed with the Division of Local Government.
ADOPTED the piA day of tf(jf}(~st
,2002.
WHEAT RIDGE URBAN REZ AUTHORITY
(-~~!tt4(~jA () f ~id-
Chairperson iY
ATIEST:
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Secretary to ilii Authority
C:\Documents and Settings\alan\My Documents\WPFiles\URA\2002 sup budget res.wpd
Exhibit 1
URBAN RENEWAL AUTHORITY FUND 37
ACTUAL 2001 BUDGET 2002 REV. 2002
BEGINNING FUND BALANCE $525,322 $159,478 $159,478
Revenues
37-500-00-501 Property Tax Increment $256,450 $250,000 $250,000
37-500-00-504 Sales Tax Increment $100,000 $100,000 $100,000
37-580-00-581 Interest $18.103 $8.000 $5,000
City Reimbursement $120.979
TOTAL REVENUE $899,875 $517,478 $635,457
Personnel
37-120-600-602 Salaries $0 $0 $0
37-120-600-625 FICA iQ iQ iQ
Total Personnel $0 $0 $0
Supplies
37-120-650-651 Office Supplies $40 $200 $200
37-120-650-654 Printing & Photocopying $976 $2,000 $2,000
37-120-650-655 Postage iQ $600 $600
Total Supplies $1,016 $2,800 $2,800
Services
37-120-700-702 Conference & Meetings $392 $1,000 $1,000
37-120-700-706 Dues, Books, Sub $3,406 $3,200 $3,200
37-120-700-740 Mileage $0 $300 $300
37-120-700-750 Professional Services $220,130 $25,000 $220,000
37-120-700-758 City Reimbursement $5,230 $25,000 $25,000
37-120-700-799 Misc. $167 $200 $200
Total Services $229,325 $54,700 $249,700
Capital
37-120-800-801 Acquisition & Relocate $0 $0 $0
37-120-800-872 Site Improvements $0 $17,500 $200,000
Loan Payments $0 $0 $0
37-120-800-872 PTI - Marketplace $230,056 $44,000 $50,000
Transfer to City $280,000 $0 $0
37-120-800-899 Unallocated iQ $100.000 $30.000
Total Capital $510,056 $161,500 $280,000
TOTAL EXPENDITURES $740,397 $219,000 $532,500
ENDING FUND BALANCE $159,478 $298,478 $102,957
URA 2002 Budget