HomeMy WebLinkAboutResolution 2017-0003CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 03
Series of 2017
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2017 BUDGET
TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION FOR THE RE-APPROPRIATION AND RE-
ENCUMBRANCE OF 2016 FISCAL YEAR ENCUMBERED FUNDS
IN THE AMOUNT OF $1,577,773.37
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, 42 open purchase orders from 2016 were closed on December
31,2016;and
WHEREAS, to continue these projects in 2017 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to
specific 2017 budget line items:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Wheat Ridge, Colorado, as follows:
A. The City of Wheat Ridge fiscal year 2017 Budget be amended
accordingly, specifically transferring a total of $1,577,773.37 from the following
unreserved fund balances to specific 2017 Budget line items as detailed in the
attached spreadsheets:
General Fund $ 290,244.29
Capital Investment Program Fund (CIP) $ 819,311.33
Open Space Fund $ 442,417.75
Conservation Trust Fund -"'-$---"2=5"""".8"""'0'""""0""".0~0
Total: $ 1,577,773.37
DONE AND RESOLVED this 13th day of February 2017.
ATTEST: