HomeMy WebLinkAboutResolution 2015-0009TITLE:
CITY OF WHEAT RIDGE, COLORADO
RESOLUTI ON NO. 09
Series of 2015
A RESOLUTION AMENDING THE FISCAL YEAR 2015 BUDGET
TO REFLEC T THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRI ATION FOR T HE RE -APPROPRIAT ION AND RE-
ENCUMBRANCE OF 2014 FISCAL Y EAR ENCUMBERED FUNDS
IN THE AMOUNT OF $2,3 18 ,521.48.
WHEREAS, the City's independent auditor has recommended that the City
utilize generally accepted accounting principles (GAAP) for its budgeting basis which
requires all encumbrances to expire at year end; and
WH EREAS, 43 open purchase orders from 2014 were closed on December
31 ,2014 ;and
WHEREAS, to continue these projects in 2015 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to
specific 2015 budget line items:
NOW, THEREFORE, BE IT RESOL VED by t he Ci ty Council of the Ci ty of
Wheat Ri dge, Colorado, as follows :
A The City of Wheat Ridge fiscal year 2015 budget be amended accordingly,
specifically transferring a total of $2 ,318 ,521 .48 from the following unreserved fund
balances to specific 2015 budget line items as detailed in the attached spreadsheets :
General Fund $ 3 13 ,633.87
Capital Investment Program Fund (CIP) $ 799 ,123 .69
Open Space Fund $1 ,152 ,932.83
Conservation Trust Fund $ 52.831 .09
Total $2 ,318 ,521 .48
DONE AND RESOL VED this 091h day of :...F=eb=r-=u~ar-t=::..:.....:.=
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