HomeMy WebLinkAbout2024 - RESO 48 - 2025 BudgetCITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 48 Series of 2024 TITLE: A RESOLUTION ADOPTING THE CITY BUDGET AND
APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND SPENDING AGENCIES FOR THE CITY OF WHEAT RIDGE, COLORADO FOR THE 2025 BUDGET YEAR, ESTABLISHING THE 2J NEXT CHAPTER BOND FUND IN 2024 AND OTHER BUDGET AMENDMENTS
WHEREAS, the City of Wheat Ridge annual budget for the fiscal year 2025 has been established and public hearings and meetings have been held after duly published public notices; and
WHEREAS, the budget provides for the combination of revenues and excess fund
balance reserves equal to or greater than the total proposed expenditures as set forth in said budget in the total amount of $95,625,810 which includes the following funds:
1. Fund 01 - General Fund $48,765,853
2. Fund 12 - Public Art Fund $222,742
3. Fund 30 - Capital Improvement Fund $12,443,000
4. Fund 32 - Open Space Fund $5,348,750
5. Fund 33 - Municipal Court Fund $16,550
6. Fund 40 – RWR Bond Projects Fund $13,560,000
7. Fund 45 – Wheat Ridge Housing Fund $178,163
8. Fund 54 - Conservation Trust Fund $500,530
9. Fund 57 - Equipment Replacement Fund $908,813
10. Fund 63 - Crime Prevention Fund $852,048
11. Fund 66 – 2J Next Chapter Bond Fund $12,829,361
Total Expenditures: $95,625,810 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 total budget as stated in the Resolution be
hereby approved, adopted, and appropriated for the entire fiscal period beginning January 1, 2025, and ending December 31, 2025. Section 2. The 2J Next Chapter Bond Fund (Fund 66) is hereby established in 2024
with a total budget of $1,448,828.
Section 3. The General Fund portion of short-term rental lodgers’ tax revenue shall remain in the General Fund in 2024 and 2025 to be used for operating expenditures. Section 4. The Renewal Wheat Ridge Bond Projects Fund (Fund 40) is reduced in
2024 by $386,956 to provide for an ending fund balance of $0.00.
DONE AND RESOLVED this 25th day of November 2024.
________________________________ Bud Starker, Mayor ATTEST:
____________________________ Margy Greer, Sr. Deputy City Clerk