Office of the City Manager
Reference: First Amendment to the 2023 Budget
To: Mayor Gregory Mills and Members of City Council
Through: Michael P. Martinez, City Manager
Prepared By: Kayla Barber-Perrotta, Budget and Performance Manager
Date Prepared: February 15, 2023
PURPOSE:
To amend the 2023 Budget for grant awards, transfer of the Broncos monies, re-appropriation for the Municipal Service Center and HSV Target Property, Lodging Tax award increases, and new projects.
STRATEGIC FOCUS AREA:
Financially Responsible
Strategic, Supportable Infrastructure
Strong Regional Relationships and Partnerships
Recognizable and Well-planned Community
BACKGROUND:
The City Council adopted the 2023 Budget on December 6, 2022, at $254,765,841. The recommended First Amendment to the 2023 Budget addresses appropriation for grant awards, interfund transfers of revenues to support the Broncos money spending plan, as well as a true-up of re-appropriation for the Municipal Service Center.
Over the last year, the City has successfully increased its efforts to identify and apply for grants to supplement existing funding sources and help taxpayer dollars go further. The City typically does not budget for these until an award is actually made so as to ensure expenditures are not appropriated without supporting revenue sources. The grants addressed in this amendment include the Adams County Open Space Grant for Cherry Meadows Park ($600,000 for the Parks Capital Fund) and the Department of Local Government's Innovative Affordable Housing Strategies Grant for a joint Housing Needs Assessment with the Brighton Housing Authority ($52,000 in the General Fund). These grant awards have already been approved by Council and this amendment is simply addressing the administrative back-end to ensure appropriation for the grant expenditures. These expenditures are supported by the additional revenue provided by the grants.
The second item addressed through this budget amendment is also ...
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