HomeMy WebLinkAboutResolution 2017-0002CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 02
Series of 2017
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2017 CITY
BUDGET TO REFLECT THE APPROVAL OF A
SUPPLEMENTAL BUDGET APPROPRIATION IN THE
AMOUNT OF $980,000 FOR THE CREATION OF FUND 31 -
INVESTING 4 THE FUTURE
WHEREAS, the Wheat Ridge City Council adopted the 2017 City Budget on
November 28, 2016 in accordance with the local government budget law, and;
WHEREAS, Wheat Ridge voters approved Ballot Question 2E on November 8,
2016 authorizing a one-half of one cent increase in the City's sales and use tax rate for
twelve years or up to $38.5 million, whichever occurs first, and;
WHEREAS, Fund 31 revenue and expenditure accounts have been created in
accordance with accounting and budgeting best practices, and;
WHEREAS, Fund 31 will be a restricted fund in accordance with Governmental
Accounting Standards Board (GASB) No. 54, and;
WHEREAS, the Fund 31 budget provides for the combination of revenues and
expenditures that includes the following:
1. Fund 31 -2016 Ballot Issue 2E $980.000
Total Expenditures: $980,000
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WHEAT RIDGE:
A. The following amendments to the 2017 City Budget are hereby approved:
ATIEST:
a. Establishment of Fund 31
b. Amend the 2017 City Budget revenues accordingly to recognize the
voter approved temporary one-half of one cent sales and use tax
increase
~1,fk,Jfitww J eiie Shaver, City Clerk