HomeMy WebLinkAbout 15-60 Amending the 2015 BudgetRESOLUTION NO. 15- `tom
A RESOLUTION AMENDING THE 2015 BUDGET BY INCREASING THE
APPROPRIATIONS IN THE GENERAL FUND AND DEBT SERVICE FUND.
WHEREAS, the Board of Trustees of the Town of Firestone on December 10, 2014
adopted a budget for the 2015 calendar year per Resolution 14-67, pursuant to and in accordance
with the Local Government Budget Law; and
WHEREAS, the Town has received unrecognized funds that were not anticipated at the
time of adopting the 2015 budget; and
WHEREAS, the Town's Debt Service Fund, which was established to account for funds
from the property taxes earmarked for debt service payments on the general obligation bonds, is
no longer needed as the debt for which such Fund was established has been paid; and
WHEREAS, based on the foregoing, a need exists to appropriate additional sums of
money in the General Fund and the Debt Service Fund; and
WHEREAS, the Board of Trustees has published notice of and held a hearing upon the
supplemental appropriations and amendments to the 2015 budget authorized by this Resolution;
and
WHEREAS, the amended 2015 budget, as revised by this Resolution, remains in balance
as required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
Section 1. That the 2015 General Fund appropriation is hereby increased by $44,575.37,
such increased appropriation is funded by sale of depreciated assets realized through auction
revenue. The distribution of the supplemental appropriation is as follows:
Revenues Account # Amount
Other Misc. Revenue 1000-362000 $44,575.37
Section 2. That the 2015 General Fund appropriation is hereby increased by $44,575.37,
such expenditure is to be utilized for funding employee bonuses. The distribution of the
supplemental appropriation is as follows:
Expenditures
Other Misc. Revenue
Account #
1000-362000
1
Amount
$44,575.37
Section 3. That the 2015 Budget is amended by the inclusion of a Debt Service Fund
appropriation in the amount of $7,800.00 or such other amount as is necessary to close out the
account. The expenditure is necessary to close out fund balance as the fund is no longer active.
The distribution of the supplemental appropriation is as follows:
Expenditures Account # Amount
Transfer to General Fund 3000-521000-823 $7,800.00*
*adjusted to actual remaining fund balance
INTRODUCED, READ AND ADOPTED this 9th day of December, 2015.
Larissa 1VIec
Town Clerk
TOWN OF FIRESTONE, COLORADO
ap,
.l Paul Sorensen
CP °40 it Mayor
Y.P
2