HomeMy WebLinkAboutURA Resolution 2002-03
ORIGINAL
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 03
Series of 200Jl,.
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2003.
WHEREAS, C.R.S. 29-1-103 (1) 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 29,2001,
that the provisions of the Budget Law do apply to the authority; and
WHEREAS, notice of adoption of this 2003 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 Budget and Appropriation for 2003 by the Authority on
December 2, 2002.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section 1. The year 2003 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 ---1""--- day of
December , 2002.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
If~E~
Chairman
ATTEST:
cLu ~z0P~
Secretary to the Authority
C:\Documents and Settings\alan\My Documems\WPFiles\URA\2003 budget res.wpd
EXHIBIT 1
WHEAT RIDGE URBAN RENEWAL AUTHORITY
ACTUAL 2001 EST. 2002 BUDGET 2003
BEGINNING FUND BALANCE $527,833 $156,850 $399,446
Revenues
37-500-00-501 Property Tax Increment $256,450 $243,250 $240,000
37-500-00-504 Sales Tax Increment $100,000 $82,000 $80,000
37-580-00-581 Interest $18.103 $3,800 $5.000
City Reimbursement $120.979
TOTAL REVENUE $902,386 $606,879 $724,446
Personnel
37-120-600-602 Salaries $0 $0 $0
37-120-600-625 FICA ~ ~ ~
Total Personnel $0 $0 $0
Supplies
37-120-650-651 Office Supplies $40 $100 $200
37-120-650-654 Printing & Photocopying $976 $1,000 $1,000
37-120-650-655 Postage ~ ~ $300
Total Supplies $1,016 $1,100 $1,500
Services
37-120-700-702 Conference & Meetings $392 $70 $1,000
37-120-700-706 Dues, Books, Sub $3,406 $3,300 $3,300
37-120-700-740 Mileage $0 $0 $300
37-120-700-750 Professional Services $225,274 $120,000 $200.000
37-120-700-758 City Reimbursement $5,230 $20,000 $25,000
37-120-700-799 Misc. $162 $50 $200
Total Services $234,464 $143,420 $229,800
Capital
37-120-800-801 Acquisition & Relocate $0 $0 $0
37-120-800-872 Site Improvements $0 $0 $300,000
Payment to Fire District $13.808 $14,000 $15,000
37-120-800-872 PTI - Marketplace $216,248 $48,913 $17,500
Transfer to City $280,000 $0 $0
37-120-800-899 Unallocated ~ ~ $10.000
Total Capital $510,056 $62,913 $342,500
TOTAL EXPENDITURES $745,536 $207,433 $573,800
ENDING FUND BALANCE $156,850 $399,446 $150,646
URA 2003 Budget