HomeMy WebLinkAboutResolution 01, 2021CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 01 Series of 2021
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2021 2E BOND FUND BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION FOR THE RE-APPROPRIATION AND RE-ENCUMBRANCE OF 2020
FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF $2,748,421.94 FOR WADSWORTH BOULEVARD RIGHTS-OF-WAY ACQUISITIONS
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, purchase orders with encumbered funds to purchase remaining rights-of-way on Wadsworth Boulevard remained open on December 31, 2020; and
WHEREAS, to continue to acquire rights-of-way prior to construction in 2021 a supplemental budget appropriation is necessary to transfer the funds from the Fund 31 unreserved fund balance to the specific 2021 budget line items.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat
Ridge, Colorado, as follows:
The City of Wheat Ridge fiscal year 2021 2E Bond Fund (31) Budget be amended accordingly, specifically transferring funds from the Fund 31 fund
balance to the following accounts:
31-103-700-750 - $22,00031-103-800-803 - $2,726,421.94
DONE AND RESOLVED this 11th day of January 2021.
Bud Starker, Mayor ATTEST:
Steve Kirkpatrick, City Clerk