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:
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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.
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Jefry DiTullio, Mayor
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