HomeMy WebLinkAboutURA Resolution 2005-02
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. ..D2...-
Series of 200S
ORIGINAL
TITLE:
A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2006.
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 that the provisions of the Budget
Law do apply to the Authority; and
WHEREAS, notice of adoption of the 2006 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 the Budget and Appropriation for 2006 by the
Authority on November 10, 2005.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section 1. The year 2006 budgets for the two funds as shown on Exhibit 1 and Exhibit 2
attached hereto are hereby approved. The purpose of the 2006 budget is to make funds available for
normal operating expenses and to appropriate funds for defense of the Authority in legal actions
against the Authority. Sources of funds for the Authority are property tax increment and sales tax
increment generated by the urban renewal area.
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 15th day of November ,2005.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
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Chair
ATTEST:
~,~
Secretary to the Authority
\\srv-ci-eng-002\users$\awhite\All Files\URA\Budget\2006 budget res.doc
EXHIBIT 1
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Town Center Fund
Actual 2004 2005 Estimated 2006 Proposed
BEGINNING FUND BALANCE $ 176,244 $ 223,102 $ 255,002
Revenues
37-500-00-501 Property Tax Increment $ 250,848 $ 275,000 $ 270,000
37-500-00-504 Sales Tax Increment $ 40,322 $ 200,000 $ 100,000
37-580-00-581 Interest $ 2,508 $ 3,500 $ 3,500
Transfer from Walgreens Project Fund $ $
TOTAL REVENUE $ 293,678 $ 478,500 $ 373,500
Personnel
37-120-600-602 Salaries $ $ $
37-120-600-625 FICA $ $ $
Total Personnel $ $ $
Supplies
37-120-650-651 Office Supplies $ 15 $ 200 $ 200
37-120-650-654 Printing & Photocopying $ 303 $ 800 $ 800
37-120-650-655 Postage $ 14 $ 200 $ 200
Total Supplies $ 332 $ 1,200 $ 1,200
Services
37-120-700-702 Conference & Meetings $ 306 $ $ 1,200
37-120-700-706 Dues, Books, Sub $ 3,790 $ 3,800 $ 3,800
37-120-700-740 Mileage $ $ $
37-120-700-750 Professional Services $ 19,030 $ 40,000 $ 60,000
37-120-700-758 City Reimbursement $ 13,422 $ 5,000 $ 5,000
37-120-700-760 Utilities & Maint. $ $ 400 $ 500
37-120-700-799 Misc. $ 237 $ 200 $ 200
Total Services $ 36,785 $ 49,400 $ 70,700
Capital
37-120-800-801 Lands. Buildings, & Wat $ $ 76,000 $ 20,000
37-120-800-872 Site Improvements $ $ $
37-120-800-873 Payment to Fire District $ 14,703 $ 15,000 $ 16,000
37-120-800-872 PTI- Marketplace $ $ $
37-120-890-897 Trans to Walgreens Fund $ 195,000 $ 305,000 $ 300,000
Total Capital $ 209,703 $ 396,000 $ 336,000
TOTAL EXPENDITURES $ 246,820 $ 446,600 $ 407,900
ENDING FUND BALANCE $ 223,102 $ 255,002 $ 220,602
2006 Budget
EXHIBIT 2
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Walgreens Project Fund
Actual 2004 Estimated 2005 Proposed 2006
BEGINNING FUND BALANCE $ 174,871 $ 2,012 $ 339,012
Revenues
37-580-00-501 Property Tax Increment $ $ $
37-580-00-584 Sales Tax Increment $ $ $
37-580-00-581 Interest $ 535 $ 2,000 $ 2,000
37-580-02-588 Sale of Property $ $
37-590-00-592 Trans from Town Cent Fund $ 195,000 $ 335,000 $ 300,000
TOTAL REVENUE $ 195,535 $ 337,000 . $ 302,000
Services
37-121-700-702 Conference & Meetings $ $ $
37-121-700-706 Dues, Books, Sub $ $ $
37-121-700-740 Mileage $ $ $
37-121-700-750 Professional Services $ $ $
37-121-700-758 City Reimbursement $ $ $
37-121-700-799 Misc. $ 161 $ $
Total Services $ 161 $ $
Capital
37-121-800-801 Acquisition & Relocate $ 368,233 $ $
37-121-800-872 Site Improvements $ $ $
37-121-900-901 Loan Payment $ $ $
Total Capital $ 368,233 $ $
TOTAL EXPENDITURES $ 368,394 $ $
ENDING FUND BALANCE $ 2,012 $339,012 $ 641,012
2006 Budget