HomeMy WebLinkAboutResolution 2008-0008
RESOLUTION 08
Series of 2008
A RESOLUTION AMENDING THE FISCAL YEAR
2008 BUDGET TO REFLECT THE APPROVAL OF
A SUPPLEMENTAL BUDGET APPROPRIATION
FOR THE REAPPROPRIATION AND
REENCUMBRANCE OF 2007 FISCAL YEAR
ENCUMBERED FUNDS IN 111E AMOUNT OF
$4,11 0,354.77
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, 50 open purchase orders from 2007 were closed on December 31,
2007; and
WHEREAS, to continue these projects in 2008 a supplemental budget
appropriation is necessary to transfer the funds from unreserved fund balances to specific
2008 Budget line items;
NOW THEREFORE BE IT RESOLVED by the City Council ofthe City of
Wheat Ridge, Colorado, as follows:
A. The City of Wheat Ridge fiscal year 2008 Budget be amended
accordingly, specifically transferring a total of $4, II 0,354. 77 from the
following unreserved fund balances to specific 2008 Budget line items as
detailed in the attached spreadsheets:
General Fund
Police Investigation Fund
Capital Investment Fund
Open Space Fund
Municipal Court Fund
Richards Hart Estate Fund
Recreation Center Fund
Total
DONE AND RESOLVED THIS
ATTEST:
4/~
Michael D. Snow, City Clerk
$353,102.74
$24,444.44
$2,397,449.63
$1,252,788.62
$8,694.00
$66,378.10
$7.497.24
$4,110,354.77
I...,
1 day of February 2008.
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