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AN ORDINANCE AMENDING THE 2024 BUDGET OF THE CITY OF COMMERCE CITY, COLORADO, BY APPROPRIATING UNENCUMBERED FUND BALANCE IN THE GENERAL FUND IN THE AMOUNT OF $8,828,665 FOR USE ON SPECIFIED PROJECTS, INCLUDING SPECIFIED INTERFUND TRANSFERS, AND AUTHORIZATION OF THE EXPENDITURES THEREOF.
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Summary and Background Information:
A package of mid-year appropriations totaling $8,828,665 is being presented for City Council’s consideration. Ordinance 2611 is proposed to enact recommended appropriations.
The proposed ordinance provides for the following mid-year appropriations:
· $573,500 for the Police Building Lease. This includes funds for the prorated lease amount for 2024 along with City Fiber technology, furniture, lockers, and miscellaneous IT items.
· $1,530,000 for Police Storage Facility.
· $225,165 for Civic Center Building Remodel Projects. This includes remodeling efforts to maximize efficient use of available space for the City Attorney’s Office, City Manager’s Office, and Human Resources Department.
· $6,500,000 for the Police Substation. This provides for an interfund transfer of General Fund Unassigned Fund Balance to the Capital Expenditures Fund for use on the Police Substation project (construction of a new City owned facility).
Sufficient General Fund Unassigned Fund Balance at year-end 2023 is available to fund these priority projects. Using General Fund Unassigned Fund Balance to fund one-time capital projects is an appropriate use of this fund balance.
Please see attached 2024 Mid-Year Appropriations Package Summary of Uses of Funds for additional detail. Jeff Maxwell, Assistant City Manager, and Theresa Wilson, Director of Finance, will be available to answer questions.
Staff Responsible (Department Head): Jeff Maxwell, Assistant City Manager
Staff Member Presenting: Jeff Maxwell, Assistant City Manager
Financial Impact:
General Fund: $32,500
Capital Expenditures Fund: $8,433,000
Facility Services Fund: $360,236
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