HomeMy WebLinkAbout 15-09 Amending the 2014 BudgetRESOLUTION NO. 15- 0-"'71
A RESOLUTION AMENDING THE 2014 BUDGET BY INCREASING THE
APPROPRIATIONS IN THE GENERAL FUND, OLD IMPACT FEE FUND, AND WATER
FUND AND ELIMINATING THE OLD IMPACT FEE FUND.
WHEREAS, the Board of Trustees of the Town of Firestone on December 11, 2013
adopted a budget for the 2014 calendar year per Resolution 13=56, pursuant to and in accordance
with the Local Government Budget Law; and
WHEREAS, the Town has received additional permit fees, use tax, and tap fee revenues
related to development that was not anticipated at the time of adopting the 2014 budget, or has
available existing fund balances; and
WHEREAS, based on the foregoing, a need exists to appropriate additional sums of
money in the General Fund, Old Impact Fee Fund, and the Water Fund.; and
WHEREAS, the Old Impact Fee Fund was established to account for certain
development fees and is no longer needed, and the Town desires to close out and eliminate such
fund;
WHEREAS, the Board of Trustees has published notice of and held a hearing upon the
supplemental appropriations and amendments to the 2014 budget authorized by this Resolution;
and
WHEREAS, the amended 2014 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 2014 General Fund appropriation is hereby increased by
$325,000.00, such expenditures corresponding to legal, engineering, planning, and overhead
costs associated with the Northern Annexation ($205,000.00); and development inspection fees
related to increased activity not anticipated during development of the 2014 budget
($120,000.00). The distribution of the supplemental appropriation is as follows:
Revenues Account #
Building &Related Permits 1000-323010
Expenditures
Account #
Amount
Amount
$ 11,000.00
$ 20,000.00
$ 275500.00
Econ. Dev, Engineering
Econ. Dev. Legal
Econ. Dev. Org. Support
Development Inspections
1000-450500-303
1000450500-352
1000450500-733
1000413000-304
$ 165500.00
$ 705000900
$ 605000400
$1203000600
Section 2. That the Old Impact Fee Fund appropriation is hereby increased by $9,000.00
or such other amounts as is necessary to close out such account, such expenditure is necessary to
close out fund balance as the fund is no longer active and the Old Impact Fee Fund is hereby
eliminated. The distribution of the supplemental appropriation is as follows:
Expenditures Account # Amount
Transfer to General Fund 2840-521000-823 $%000.00
Section 3. That the 2014 Water Fund appropriation is hereby increased by $300,000.00,
such expenditures corresponding to increased tap fees collected on development activity not
anticipated prior to approval of the 2014 budget. The distribution of the supplemental
appropriation is as follows:
Revenues
Residential Tap Fees
Expenditures
CWCWD Tap Fees
Account #
5210-343022
Account #
5210430540-996
Amount
$300,000.00
Amount
$300,000.00
INTRODUCED, READ AND ADOPTED this 28t1' day of January, 2015.
Town Clerk
TOWN OF FIRESTONE, COLORADO
Paul Sorensen
Mayor
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