HomeMy WebLinkAboutResolution 07 - 2022 - CarryoverCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 07
Series of 2022
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2022
BUDGET TO REFLECT THE APPROVAL OF A
SUPPLEMENTAL BUDGET APPROPRIATION FOR THE RE-
APPROPRIATION AND RE-ENCUMBRANCE OF 2021
FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF
$4,475,027.97
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, 44 purchase orders remained open on December 31, 2021; and
WHEREAS, to continue these projects in 2022 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to
specific 2022 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 2022 Budget be amended accordingly,
specifically transferring a total of $4,475,027.97 from the following unreserved
fund balances to specific 2022 Budget line items as detailed in the attached
spreadsheets:
General Fund $ 865,977.32
Capital Improvement Program Fund (CIP) $ 701,523.44
2E Bond Fund $ 93,375.54
Open Space Fund $ 2,279,268.84
Conservation Trust Fund $ 534,882.83
Total: $ 4,475,027.97
DONE AND RESOLVED this 14th day of February 2022.
Bud Starker, Mayor
ATTEST:
Steve Kirkpatrick, City Clerk