HomeMy WebLinkAboutURA Resolution 2009-09WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 09
Series of 2009
TITLE: A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2010
WHEREAS, C.R.S. 29-1-103 (1) of the Local Government Budget Law of Colorado
requires certain local governmental entities to prepare and adopt an annual budget; and
WHEREAS, the Attorney for the Authority has opined that the provisions of the Budget Law
do apply to the Authority; and
WHEREAS, notice of adoption of the 2010 budget and appropriation was given by the Urban
Renewal Authority in compliance with C.R.S. 29-1-106; and
WHEREAS, in compliance with the provisions of the Budget Law regarding notice,
objections, and hearing, a public hearing was held on the Budget and Appropriation for 2010 by the
Authority on December 1, 2009.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section 1. The year 2010 budgets for the two funds as shown on Exhibit 1 and Exhibit 2
attached hereto are hereby approved and the funds indicated therein are hereby appropriated for
expenditure in 2010. The purposes of the 2010 budget are to make funds available for normal
operating expenses and to provide tax increment funding for an urban renewal project in the urban
renewal area. Sources of funds for the Authority are sales tax increment generated by an urban
renewal area.
Section 2. Total expenditures of the Authority do not exceed available revenues and
beginning fund balance.
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED the 1st day of December , 2009.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
/11" '0
V/ hairman
ATTEST:
Secretary to the Authority
EXHIBIT 1
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Town Center Fund
2008 Actual
2009 Adjusted
2009 Estimate
2010 Adopted
BEGINNING FUND BALANCE
$634,201
$1,083,863
$1,064,476
$1,184,518
Revenues
37-500-00-501 Property Tax Increment
$12,429
$0
$11,784
$0
37-500-00-504 Sales Tax Increment
$303,032
$300,000
$255,000
$255,000
37-520-01-549 CDBG
$0
$0
$390,000
$0
37-580-00-581 Interest
$22,126
$15,000
$20,000
$15,000
37-580-00-582 Rental Income
$42,333
$60,000
$60,000
$60,000
37-580-01-583 Property Sales
$0
$0
$122,272
$0
37-580-00-588 Miscellaneous Income
$0
$0
$32,377
$0
TOTAL REVENUE%
$379,920
$375;000
$891,433, ±
$330,000
TOTAL AVAILABLE-FUNDS
$1,014,121
+ $1,458,863
$1,955,909
$1,514,518
Personnel
37-120-600-602 Salaries
$0
$0
$0
$0
37-120-600-625 FICA
$0
$0
$0
$0
Total Personnel
$0
$0
$0
$0'.
Supplies
37-120-650-651 Office Supplies
$0
$0
$0
$250
37-120-650-654 Printing & Photocopying
$0
$0
$0
$2,000
37-120-650-655 Postage
$0
$0
$0
$0
Total Supplies
$0
$0,
$0 !
$2,250;
Services
37-120-700-702 Conference & Meetings
$634
$2,000
$500
$2,000
37-120-700-706 DUes,Books,Sub
$275
$500
$500
$500
37-120-700-740 Mileage
$0
$0
$0
$0
37-120-700-750 Professional Services
$92,198
$47,000
$54,000
$50,000
37-120-700-758 City Reimbursement
$112,127
$10,000
$12,000
$12,000
37-120-700-760 Utilities & Maint.
$592
$25,600
$18,000
$5,000
37-120-700-799 Misc.
$1,489
$4,500
$4,500
$2,000
Total Services
$207,315,
$89,600. .
$89,500-`
$71;500!
Capital
37-120-800-801 Lands. Buildings,& Wat
$206,587
$682,674
$681,891
$292,674
37-120-800-872 Site Improvements
$0
$0
$0
$0
37-120-800-873 Payment to Fire District
$0
$0
$0
$0
37-120-890-897 Trans to Walgreens Fund
$0
$0
$0
$0
Total Capital'
° $206,587 '
$682,674,
$681,891
$292,674'
TOTALEXPENDITURES . _
$413,902
„ $772,274
$771;391 ; 'j
$366,424;
ENDING FUND BALANCE „ .
,$690,219,
$$86,589 ,
„ $1,184 ;M6
;
$1 148;094;
;
EXHIBIT 2
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Wheat Ridge Cyclery Project Fund
2008 Actual 2009 Adjusted 2009 Estimate 2010 Adopted
BEGINNING FUND BALANCE $ $ - $ $
Revenues
37-580-00-501 Property Tax Increment
37-580-00-584 Sales Tax Increment
37-580-00-581 Interest
37-580-02-588 Sale of Property
$ 14,645
$ 15,000
$ 14,488
$ 20,000
$ 12,155
$ 15,000
$ 15,000
$ 20,000
Services
37-122-700-702
Conference & Meetings
$
$
$
$
37-122-700-706
Dues, Books, Sub
$
$
$
$
37-122-700-740
Mileage
$
$
$
$
37-122-700-750
Professional Services
$
$
$
$
37-122-700-758
City Reimbursement
$
$
$
$
37-122-700-799
Misc.
$
$
$
$
Total Services +
$
Capital
37-122-800-801
Acquisition & Relocate
$ -
$
$
$
37-122-800-872
Site Improvements
$ 26,800
$ 30,000
$
29,488 $ 40,000
37-122-900-901
Loan Payment
$ -
$ -
$
- $ -
Total Capital
$ x26,800
$ 30;000
29,4$8-- $ 40,000,
TOTAL; EXPENDITURES
$ 26,800
J'i30,000,~
$
291488 40,000