HomeMy WebLinkAbout2023 - RESO 50 - Budget Supplemental - EOYCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 50 Series of 2023
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2023 BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $600,000 FOR THE PURPOSE OF FUNDING
WADSWORTH PUBLIC ART AND EMERGENCY STORMWATER REPAIRS, AMENDING FUND 40 REVENUES AND REDUCING FUND 40 EXPENDITURES BY $2,695,003
WHEREAS, the City prepared and adopted a 2023 budget; and
WHEREAS, the City prepared estimates for year end 2023 during the development of the 2024 budget; and
WHEREAS, to meet the City’s needs, some changes were made to the 2023
budget as presented in the 2024 budget; and WHEREAS, a supplemental budget appropriation is necessary to fund public art on Wadsworth Boulevard and emergency stormwater repairs; and
WHEREAS, a supplemental budget reduction is necessary to ensure the Renewal Wheat Ridge Bond Projects Fund is adjusted to remain in balance. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat
Ridge, Colorado, as follows: Section 1: The City of Wheat Ridge fiscal year 2023 Budget is amended to transfer $475,000 from Fund 31 (2E Fund) undesignated reserves to Fund 12 (Public Art Fund) fund balance carryover to fully fund the Wadsworth Public Art
Project. Section 2: The City of Wheat Ridge fiscal year 2023 Budget is amended to transfer $225,000 from Fund 32 (Open Space Fund) undesignated reserves to Fund 30 (Capital Improvement Program Fund) fund balance carryover to transfer
ARPA funding from a parks project to emergency stormwater repairs. Section 3: City of Wheat Ridge fiscal year 2023 Budget is amended to increase revenues in account 40-590-00-592 (Fund 40 Transfer from Renewal Wheat Ridge) by $2,076,950 and reduce the following accounts as specified:
• Reduce 40-101-800-805 by $80,566
• Reduce 40-102-800-805 by $1,506,517
• Reduce 40-103-800-803 by $1,107,920
DONE AND RESOLVED this 27th day of November 2023.
Bud Starker, Mayor ATTEST:
Steve Kirkpatrick, City Clerk