HomeMy WebLinkAboutResolution 2016-0013CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 13
Series of 2016
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2016 BUDGET
TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION FOR THE RE-APPROPRIATION AND RE-
ENCUMBRANCE OF 2015 FISCAL YEAR ENCUMBERED FUNDS
IN THE AMOUNT OF $3,581 ,804.1 0.
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
WHEREAS, 47 open purchase orders from 2015 were closed on December
31 ,2015;and
WHEREAS, to continue these projects in 2016 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to
specific 2016 budget line items:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
W heat Ridge, Colorado, as follows:
A The City of Wheat Ridge fiscal year 2016 Budget be amended
accordingly, specifically transferring a total of $3,581 ,804.10 from the following
unreserved fund balances to specific 2016 Budget line items as detailed in the
attached spreadsheets:
General Fund $ 297,027.40
Police Investigation Fund $ 23,536.00
Capital Investment Program Fund (CIP) $ 2,278,980.95
Open Space Fund $ 826,865.30
Conservation Trust Fund $ 91 ,885.45
Equipment Replacement Fund $ 63.509.00
Total: $ 3,581 ,804.10