HomeMy WebLinkAbout2024 - RESO 16 - Budget CarryoversCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 16 Series of 2024
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2024 BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION FOR THE RE-APPROPRIATION OF 2023 FISCAL YEAR ENCUMBERED
FUNDS IN THE AMOUNT OF $415,911.71 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, 105 purchase orders remained open on December 31, 2023 and were re-appropriated on February 26, 2024; and WHEREAS, to continue three projects associated with these purchase orders, an
additional appropriation is necessary to account for payments made in 2024 and a
supplemental budget re-appropriation is necessary to transfer the funds from unreserved fund balances to specific 2024 budget line items. 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 2024 Budget is amended to transfer $51,092.61 from 30-580-00-589 to 30-610-800-811 to fully fund the City Hall Courts Remodel Project.
Section 3: City of Wheat Ridge fiscal year 2024 Budget is amended to transfer $364,819.11 from 40-580-00-589 to 40-102-800-805 to fully fund the Wheat Ridge Recreation Center Heat Recovery Unit and Roof Projects.
DONE AND RESOLVED this 22nd day of April 2024.
Bud Starker, Mayor
ATTEST: _____ Margy Greer, Sr. Deputy City Clerk