File #: ID-353-18    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 10/11/2018 In control: City Council
On agenda: 11/13/2018 Final action:
Title: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO AMENDING CERTAIN ACCOUNTS IN THE GENERAL FUND, CEMETERY FUND, CAPITAL IMPROVEMENT FUND, PARKS AND RECREATION CAPITAL IMPROVEMENT FUND, WATER ENTERPRISE FUND, WASTEWATER ENTERPRISE FUND, CEMETERY PERPETUAL CARE FUND AND FLEET INTERNAL SERVICE FUND; APPROPRIATING MONEY FOR EXPENDITURES AND EXPENSES IN THE AMOUNT OF THREE HUNDRED FIVE THOUSAND NINE HUNDRED TEN DOLLARS ($305,910) FOR THE GENERAL FUND, THREE THOUSAND TWO HUNDRED DOLLARS ($3,200) FOR THE CEMETERY FUND, A REDUCTION OF ONE HUNDRED NINETY ONE THOUSAND FOUR HUNDRED NINETY SEVEN DOLLARS ($191,497) FOR THE CAPITAL IMPROVEMENT FUND, ONE HUNDRED FIFTY SIX THOUSAND NINE HUNDRED FIFTEEN DOLLARS ($156,915) FOR THE PARKS AND RECREATION CAPITAL IMPROVEMENT FUND, FIFTY FOUR THOUSAND SIX HUNDRED SEVENTY EIGHT DOLLARS ($54,678) FOR THE WATER ACTIVITY ENTERPRISE FUND, ONE HUNDRED TWENTY SEVEN THOUSAND TWO HUNDRED SEVENTY EIGHT DOLLARS ($127,278) FOR THE WASTEWATER ENTERPRISE...
Attachments: 1. WORD--Q2&3 2018 Budget Amendment Resolution, 2. Attachment A. Q2-3 2018 Budget Amendment, 3. Attachment B. Q2-3 2018 Budget Amendment

Body

Department of Finance

Reference:                     2018 Budget Amendments

 

To:                                                               Mayor Kenneth J. Kreutzer and Members of City Council

Through:                                          Philip A. Rodriguez, City Manager

                                                               

Prepared By:                                          Jean Starr, Interim Assistant Director of Finance

Date Prepared:                     October 11, 2018


PURPOSE:  To amend the 2018 Budget to properly account for additional unanticipated revenues and expenditures and to make budget allocation corrections.

STRATEGIC FOCUS AREA:

Financially Responsible

BACKGROUND/HISTORY: 

 

The City Council adopted the Fiscal Year 2018 Budget on October 17, 2017 and has approved various budget amendments during the year through October 2, 2018, as detailed on Attachment A. 

 

This proposed budget amendment for 2018 is requested in order to properly budget for City operations that were unforeseen at the time of the adoption of the 2018 budget, or that are necessary to properly record City transactions in the correct fund or project number.

 

Details of the proposed budget amendment are summarized on Attachment B.

 

CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM: 

All changes to the adopted budget must be made by a Supplemental Budget Appropriation.

BUDGET IMPACT: 

The proposed Second and Third Quarter (Q2&3) 2018 Budget Amendment totaling $480,832 consists of appropriations as shown on the following page and in more detail in Attachment B.

 

 

 

 

 

 

 

 

Second and Third Quarter (Q2&3) 2018 Budget Amendment totaling $480,832

 

 

 

FOR COUNCIL’S CONSIDERATION:  Approve the budget amendments as presented, amend or deny.

STAFF RECOMMENDATIONS:  Approve the proposed 2018 supplemental budget resolution and appropriation.


ATTACHMENTS:

 

Attachment A.  City of Brighton Adopted and Amended 2018 Budget Appropriations, 10/2/18

 

Attachment B.  Detailed Summary of Proposed Budget Amendments

 

Draft Resolution