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AN ORDINANCE AMENDING THE 2016 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 $586,000 AND TRANSFERRING A PORTION OF THE UNENCUMBERED FUND BALANCE IN THE GENERAL FUND TO THE FOLLOWING: CIPP FUND IN THE AMOUNT OF $588,000 URA FUND IN THE AMOUNT OF $100,000 TRANSFERRING $40,000 FROM THE CIPP FUND TO THE GID FUND, APPROPRIATING A PORTION OF THE UNENCUMBERED FUND BALANCE IN THE POLICE DONATION FUND IN THE AMOUNT OF $46,704.42 FOR A TOTAL AMOUNT OF $1,360,704.42 AND REAFFIRMING PRIOR APPROPRIATIONS AND AUTHORIZING THE EXPENDITURE THEREOF
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Summary and Background Information:
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 amounts of revenues in excess of the expenditures for the prior year are identified.
The carry-over items are:
- $46,704.42 of donation money in the Police Donation Fund (this is money donated in prior years and left in the fund balance at the end of 2014)
- $586,000 from the General Fund per the Hammer Settlement Agreement for the 104th & 85 property acquisition
- $405,000 from the General Fund for the Belle Creek Intersection per the Hammer Settlement Agreement
- $183,000 from the General Fund for soft surface trail on the west side of Chambers Road from the commercial development north of 104th Avenue to a point of connection at Heartland Drive, on the east side of Chambers Road.
- $100,000 from the General Fund to the URA Fund, this was approved as part of the 2016 budget; however the transaction was not posted. This will correcting the accounting.
- $40,000 from the CIPP Fund to the GID Fund for the 104th Ave Multi-Use path. This was added to the CIPP fund in error and should have been the GID, this will correct the accounting.
Staff Responsible (Department Head)...
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