HomeMy WebLinkAbout2023 - RESO - 06 - Purchase Order Carryovers
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 06
Series of 2023
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2023
BUDGET TO REFLECT THE APPROVAL OF A
SUPPLEMENTAL BUDGET APPROPRIATION FOR THE RE-
APPROPRIATION AND RE-ENCUMBRANCE OF 2022
FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF
$18,424,962.79
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, 60 purchase orders remained open on December 31, 2022; and
WHEREAS, to continue these projects in 2023 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to
specific 2023 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 2023 Budget be amended accordingly,
specifically transferring a total of $18,424,962.79 from the following unreserved
fund balances to specific 2023 Budget line items as detailed in the attached
spreadsheets:
General Fund $ 1,859,727.57
Public Art Fund $ 111,000.00
Capital Investment Program Fund (CIP) $ 6,196,087.42
Open Space Fund $ 638,548.61
Renewal Wheat Ridge Bond Fund $ 9,531,176.69
Conservation Trust Fund $ 88,422.50
Total: $18,424,962.79
DONE AND RESOLVED this 13th day of February 2023.
Bud Starker, Mayor
ATTEST:
Steve Kirkpatrick, City Clerk