HomeMy WebLinkAbout2025 - RESO 12 - 2025 CarryoversCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 12
SERIES OF 2025
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2025 BUDGET TO
REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION FOR THE RE-APPROPRIATION AND RE-ENCUMBRANCE
OF 2024 FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF
$5,164,449
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, 67 purchase orders remained open on December 31, 2024; and
WHEREAS, to continue these projects in 2025, a supplemental budget
appropriation is necessary to transfer funds from unreserved fund balances to specific
2025 budget line items.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF WHEAT RIDGE, COLORADO THAT:
Section 1. The City of Wheat Ridge Fiscal Year 2025 Budget be amended accordingly, specifically transferring a total of $5,164,449 from the following unreserved
fund balances to specific 2025 Budget line items as detailed in the open PO report:
General Fund $920,521
Public Art Fund $215,250
Capital Project Fund $1,151,795
Open Space Fund $1,893,402
Municipal Court Fund $8,066
Renewal Wheat Ridge Bond Projects $593,249
Wheat Ridge Housing Fund $6,180
Conservation Trust Fund $358,686
Equipment Replacement Fund $17,300
TOTAL $5,164,449
DONE AND RESOLVED this 24th day of February 2025
ATTEST:
Margy Greer, Sr. Deputy City Clerk
Bud Starker, Mayor