HomeMy WebLinkAboutURA Resolution 2003-10
ORIGINAL
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. ~
Series of 2001
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2004.
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 2004 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 2004 by the
Authority on December 17, 2003.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
fonows:
Section 1. The year 2004 budget as shown on Exhibit 1 and Exhibit 2 attached hereto is
hereby approved.
Section 2. Total expenditures of the Authority do not exceed available revenues and
beginning fund balance.
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED the 17th day of December ,2003.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
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Chair I /
ATTEST:
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Secretary to the AUth~
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EXHIBIT 1
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Town Center Fund
ACTUAL 2002 EST. 2003 BUDGET 2004
BEGINNING FUND BALANCE $159,487 $337,869 $159,019
Revenues
37-500-00-501 Property Tax Increment $243,524 $242,000 $250,000
37-500-00-504 Sales Tax Increment $69,987 $20,000 $30,000
37-580-00-581 Interest $3,506 $3,800 $3,000
Miscellaneous $120.979 iQ iQ
TOTAL REVENUE $437,996 $265,800 $283,000
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 $25 $50 $200
37-120-650-654 Printing & Photocopying $738 $200 $1,000
37-120-650-655 Postage iQ iQ $300
Total Supplies $763 $250 $1,500
Services
37-120-700-702 Conference & Meetings $318 $400 $1,000
37-120-700-706 Dues, Books, Sub $3,291 $3,300 $3,300
37-120-700-740 Mileage $0 $0 $0
37-120-700-750 Professional Services $178,440 $175,000 $40,000
37-120-700-758 City Reimbursement $13,063 $8,000 $5,000
37-120-700-799 Misc. $272 $200 $200
Total Services $195,384 $186,900 $49,500
Capital
37-120-800-801 Acquisition & Relocate $0 $0 $0
37-120-800-872 Site Improvements $0 $0 $0
Payment to Fire District $14,553 $15,000 $16,000
37-120-800-872 PTI - Marketplace $48,914 $17,500 $0
Transfer to Walgreens Project Fund $225,000 $200,000
37-120-800-899 Unallocated iQ iQ iQ
Total Capitai $63,467 $257,500 $216,000
TOTAL EXPENDITURES $259,614 $444,650 $267,000
ENDING FUND BALANCE $337,869 $159,019 $175,019
URA 2004 Budget
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Walgreens Project Fund
EST. 2003
BEGINNING FUND BALANCE
$0
Revenues
37-500-00-501 Property Tax Increment
37-500-00-504 Sales Tax Increment
37-580-00-581 Interest
Sale of Property
Loan
Transfer from Fund 37
$0
$0
$0
$0
$0
$225.000
TOTAL REVENUE
$225,000
EXHIBIT 2
BUDGET 2004
$175,100
$0
$0
$0
$1,412,000
$562,384
$200.000
$2,174,384
Services
37-120-700-702 Conference & Meetings $0 $0
37-120-700-706 Dues, Books, Sub $0 $0
37-120-700-740 Mileage $0 $0
37-120- 700- 750 Professional Services $0 $0
37-120-700-758 City Reimbursement $0 $0
37-120-700-799 Misc. $100 $100
Total Services $100 $100
Capital
37-120-800-801 Acquisition & Relocate $10,000 $2,140,000
37-120-800-872 Site Improvements $0 $0
Loan Payment $0 $200,000
Loan Closing Costs $39.800 iQ
Total Capital $49,800 $2,340,000
TOTAL EXPENDITURES $49.900 $2.340.100
ENDING FUND BALANCE $175,100 $9,384
URA 2004 Budget