HomeMy WebLinkAboutResolution-2006-0005
RESOLUTION 05
Series of 2006
TITLE:
A RESOLUTION AMENDING THE FISCAL YEAR
2006 BUDGET TO REFLECT THE APPROVAL OF
A SUPPLEMENTAL BUDGET APPROPRIATION
FOR THE REAPPROPRIATION AND
REENCUMBRANCE OF 2005 FISCAL YEAR
ENCUMBERED FUNDS IN THE AMOUNT OF
$2,716,616.45
WHEREAS, the City currently utilizes encumbrance accountlllg which allows
encumbrances to be carned over from year to year; and
WHEREAS, the City's lIldependent auditor has recommended that the City
utilize generally accepted accounting principles (GAAP) for Its budgetlllg basIs which
requires all encumbrances to expire at year end, and
WHEREAS, 35 open purchase orders from 2005 and 11 purchase orders in
reserve accounts from prevIOus years were closed on December 31. 2005. and
WHEREAS, to contlllue these projects 111 2006 a supplemental budget
appropnatlOn IS necessary to transfer the funds from unreserved fund balances to specific
2006 Budget lllle Items,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Wheat Ridge, Colorado, as follows:
A. The City of Wheat Ridge fiscal year 2006 Budget be amended
accordlllgly, speCifically transfernng a total of $2,716,61645 from the
followmg unreserved fund balances to speCific 2006 Budget line Items as
detailed in the attached spreadsheets.
General Fund
Police InvestigatIOn Fund
Capital Investment Fund
Open Space Fund
ConservatIOn Trust Fund
Total
$767,11618
$14,149.50
$1,698,605.59
$177,92548
$58,819.70
$2,716,61645
DONE AND RESOLVED THIS 13th day of February 2006.
-...
'L
v \,.~ " ..
Jerry Dil'ulIio, MaY'lr
ATTEST:
~
( Ai(Jd A
. m Anderson, City 'Clerk ~