Title
AN ORDINANCE AMENDING THE 2012 BUDGET OF THE CITY OF COMMERCE CITY, COLORADO, BY APPROPRIATING A PORTION OF THE UNENCUMBERED FUND BALANCE OF THE GENERAL FUND IN THE AMOUNT OF $79,935 AND TRANSFERRING A PORTION OF THE UNENCUMBERED FUND BALANCE IN THE GENERAL FUND TO THE FOLLOWING: CIPP FUND IN THE AMOUNT OF $284,416; FINANCE AUTHORITY FUND IN THE AMOUNT OF $500; FLEET MANAGEMENT FUND IN THE AMOUNT OF $1,000; AND THE FACILITY SERVICES FUND IN THE AMOUNT OF $600 AND APPROPRIATING A PORTION OF THE UNENCUMBERED FUND BALANCE IN THE URBAN RENEWAL AUTHORITY FUND IN THE AMOUNT OF $84,306 AND THE POLICE DONATION FUND IN THE AMOUNT OF $32,200 FOR A TOTAL AMOUNT OF $482,957 AND REAFFIRMING PRIOR APPROPRIATIONS AND AUTHORIZING THE EXPENDITURE THEREOF.
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Summary and Background Information:
The City ended 2011 with $1,671,637 more in revenues than expenditures.
^There were funds appropriated in the General Fund in 2011 that were not all spent
^The General Fund re-appropriation requests total $366,451
^The non-General Fund requests include only a carryover of the 2011 ending fund balances in the URA Fund Derby catalyst funds and the Police Donation Fund
The City's management is recommending this revised list for Council's consideration.
Each year there are budgeted tasks that are not completed and new needs are identified as the year progresses. These needs are presented to Council, in the form of the re-appropriation ordinance, once the amount of revenues in excess of the expenditures for the prior year are identified.
Staff Responsible (Department Head): Roger Tinklenberg
Staff Member Presenting: Roger Tinklenberg
Financial Impact: $366,451
Funding Source: General Fund
Staff Recommendation: Pass Ordinance on First Reading
Suggested Motion: I move to introduce Ordinance 1910 by council as seated and approve the ordinance on first reading.