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HomeMy WebLinkAboutResolution-2007-0007 RESOLUTION 07 Series of 2007 A RESOLUTION AMENDING THE FISCAL YEAR 2007 BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION FOR THE REAPPROPRIATION AND REENCUMBRANCE OF 2006 FISCAL YEAR ENCUMBERED FUNDS IN THE AMOUNT OF $959,561.72 TITLE: 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, 45 open purchase orders from 2006 were closed on December 31, 2006; and WHEREAS, to continue these projects in 2007 a supplemental budget appropriation is necessary to transfer the funds from unreserved fund balances to specific 2007 Budget line 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 2007 Budget be amended accordingly, specifically transferring a total of $959,561. 72 from the following unreserved fund balances to specific 2007 Budget line items as detailed in the attached spreadsheets: General Fund Police Investigation Fund Capital Investment Fund Open Space Fund Municipal Court Fund Conservation Trust Fund Total DONE AND RESOLVED THIS ATTEST: /UiJ~ Michael D. Snow, City Clerk $249,746.32 $2,046.00 $512,097.36 $35,251.82 $10,328.00 $150.092.22 $959,561. 72 I,)Q., day. of February 2007. 1 " "{"./ .' '., .~""'.,' / . .~"*."''' ,f J' 'r~ ".- . ""i... .J' . ';,> . Jefry DiTullio, Mayor ," \_-