HomeMy WebLinkAbout 14-51 Amending the 2014 BudgetRESOLUTION NO. 14-G::) 1
A RESOLUTION AMENDING THE 2014 BUDGET BY INCREASING THE
APPROPRIATIONS IN THE SALES TAX CAPITAL IMPROVEMENT FUND, AND THE
HIGHWAY 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 13-35, pursuant to and in accordance
with the Local Government Budget Law; and
WHEREAS, the Town has received additional revenues and transfers not anticipated at
the time of adopting of the 2014 budget; and
WHEREAS, based on the foregoing, a need exists to appropriate additional sums of
money in the Sales Tax Capital Improvement Fund, and the Highway Fund; and
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 Sales Tax Capital Improvement Fund appropriation is hereby
increased by $4,079,226.00, such expenditures corresponding to the capital projects to be funded
by the 2014 bond issue proceeds. The distribution of the supplemental appropriation is as
follows:
Revenues
Bond Proceeds
Expenditures
Transfer to Highway Fund
Bond Issuance Costs
Debt Service Principal
Debt Service Interest
Trustee Fee's
Amount
Account # Amount
4100-521000-825 $3,758,000.00
4100-520000-630 $ 65,000.00
4100490000-610 $ 175,000.00
4100490000-620 $ 77,226.00
4100490000-630 $ 4,000.00
Section 2. That the 2014 Highway Fund appropriation is hereby increased by
$3,758,000.00, such expenditures corresponding to streets projects funded by the 2014 bond
issue proceeds. Such increased appropriation is funded by a transfer from the Sales Tax Capital
Improvement Fund. The distribution of the supplemental appropriation is as follows:
Revenues Account #
Transfer from the Sales Tax 2820-383230
Capital Improvement Fund
Expenditures
Street Projects
Account #
282045070M68
Amount
$3,758,000.00
Amount
$3,7589000.00
INTRODUCED, READ AND ADOPTED this 13th day of August, 2014.
•
Town Clerk
TOWN OF FIRESTONE, COLORADO
O
Paul Sorensen
Mayor