HomeMy WebLinkAbout 16-18 Amending the 2016 BudgetRESOLUTION NO, 16-
A RESOLUTION AMENDING THE 2016 BUDGET BY INCREASING THE
APPROPRIATIONS IN THE GENERAL FUND AND HIGHWAY FUND.
WHEREAS, the Board of Trustees of the Town of Firestone on December 9, 2015
adopted a budget for the 2016 calendar year per Resolution 15-57, pursuant to and in accordance
with the Local Government Budget Law; and
WHEREAS, the Town approved an Independent Contractor Agreement with Roth
Sheppard Architects, LLP; and
WHEREAS, the Board of Trustees finds a need exists to appropriate additional sums of
money in the General Fund by transferring from the Capital Improvement Fund, for Phase I and
Phase II consultant services for a proposed new police station under an Independent Contractor
Agreement with Roth Sheppard Architects, LLP, and to appropriate additional sums of money in
the Highway Fund for increased expenditures for the Firestone Gateway Project; and
WHEREAS, the Board of Trustees has published notice of and held a hearing upon the
supplemental appropriations and amendments to the 2016 budget authorized by this Resolution;
and
WHEREAS, the amended 2016 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 2016 General Fund appropriation is hereby increased by $84,000.00,
such increased appropriation is funded by Municipal Facilities Impact Fees within the Capital
Improvement Fund; and that the 2016 Highway Fund appropriation is hereby increased by
$431,847.00 such increased appropriation is funded by the 1% Sales Tax Capital Improvement
Fund. The distribution of the supplemental appropriations are as follows:
Revenues Account # Amount
Other Financing Sources:
Transfer from Other Funds
— Capital Improvements 1000-383220 $ 84,000.00
Other Financing Sources:
Transfer from Other Funds
Capital Improvements 4100-380000 $431,847.00
Section 2. That the 2016 General Fund appropriation is hereby increased by $84,000.00,
such expenditure is to be utilized for funding Phase I and Phase II consultant services for a
proposed new police station under an Independent Contractor Agreement with Roth Sheppard
Architects, LLP; and that the 2016 Highway Fund appropriation is hereby increased by
1
$431,847.00, such expenditure is
Gateway Project Grant Agreement
Local Affairs (Grant #EIAF 7598)
follows:
to be utilized for the contract amendment to the Firestone
between the Town of Firestone and the State Department of
The distribution of the supplemental appropriations are as
Expenditures Account #
Capital Outlay — Municipal
Buildings/Facilities 1000450600-931
Capital Outlay-Streets/Highway
Street Projects 2820450700-968
Amount
$ 84,000.00
$4319847.00
Section 3. That the 2016 Budget is amended by the inclusion of transfers from the
appropriate funds for the purposes stated in Sections 1 and 2 above. The distribution of the
supplemental appropriations are as follows:
Expenditures Account # Amount
Transfer to General Fund 4000-521000423 $ 843000.00
Transfer to Highway Fund 4100.521000.825 $431,847.00
INTRODUCED, READ AND ADOPTED this 27th day of July, 2016.
Carissa�Ied
Town Clerlc
TOWN OF FIRESTONE, COLORADO
BEST®
�\TOWN Paul Sorensen
Mayor
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