HomeMy WebLinkAbout10999RESOLUTION NO. 10999
A RESOLUTION AUTHORIZING THE TRANSFER OF $300,000 FROM THE GENERAL FUND
PARKS DEPARTMENT BUDGET TO THE CAPITAL PROJECTS FUND FOR CITYWIDE
AESTHETIC IMPROVEMENTS IN PROJECT NUMBER CP0701 AND THE SANTA FE
IMPROVEMENTS PROJECT NUMBER PL0503, AND TO REDIRECT THE TRANSFER OF
$300,000 OF CONSERVATION TRUST FUND (CTF) FUNDS FROM THE CAPITAL PROJECTS
FUND TO THE GENERAL FUND FOR PARKS MAINTENANCE.
WHEREAS, The City's 2007 Budget established a project for Citywide Aesthetic
Improvements, funded with CTF Funds, and
and
WHEREAS, it has now been decided that those improvements be streetscape projects,
WHEREAS, The State rules do not allow for the use of CTF funds for streetscape projects
unless they are adjoining or part of a park, and
WHEREAS, these funds are available to be transferred from the general fund, and
WHEREAS, CTF funds can be used for parks maintenance in the general fund.
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City Council hereby authorizes the transfer of $300,000 from the General Fund Parks
Department Budget to the Capital Projects Fund, and the redirection of the budgeted CTF Fund
transfer from the Capital Projects Fund to the General Fund Parks Department Budget in a like
amount.
SECTION 2.
CTF funds shall be used for parks maintenance and general fund money in the amount of
$207,000 shall be used for Citywide Aesthetic Improvements in project CP0701 and $93,000 shall
be added to the Santa Fe Improvements project PL0593..
INTRODUCED May 14, 2007
BY Randy Thurston
Councilperson
APPROVED: a
#?ESIDEINTof City Council
ATTESTED BY:
CITY CLERK
Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 6
DATE: May 14, 2007
DEPARTMENT: ROBERT F. HAIN, DIRECTOR OF FINANCE
TITLE
A RESOLUTION AUTHORIZING THE TRANSFER OF $300,000 FROM THE GENERAL
FUND PARKS DEPARTMENT BUDGET.TO.THE CAPITAL PROJECTS FUND FOR
CITYWIDE AESTHETIC IMPROVEMENTS IN PROJECT NUMBER CP0701 AND THE
SANTA FE IMPROVEMENTS PROJECT NUMBER PL0503, AND TO REDIRECT THE
TRANSFER OF $300,000 OF CONSERVATION TRUST FUND (CTF) FUNDS FROM THE
CAPITAL PROJECTS FUND TO THE GENERAL FUND FOR PARKS MAINTENANCE.
ISSUE
Should the City Council approve a transfer of funds in the amount of $300,000 from its
General Fund to the Capital Projects fund $207,000 for Citywide Aesthetic Improvements
'Project number CP0701 and $93,000 for the Santa Fe Improvements project number
PL0503, and transfer the $300,000 of CTF funds to the General Fund instead of to the
Capital Projects Fund as stated in the original 2007 Budget.
Approval of Ordinance
BACKGROUND
The 2007 City Budget designated that $300,000 of CTF funds be used for a Citywide
Aesthetic Improvement project. City Council and City Administration have reviewed the list
of projects and recommend that $93,000 be added to the Santa Fe Improvements project,
and the remaining $207,000 be used for other streetscape projects. CTF funds are not
eligible to be used for streetscape improvements unless the improvements are adjoining or
part of a park improvement, thus requiring the use of general fund dollars. To keep the
general fund whole this action also transfers the CTF funds intended for use in this project
to the general fund for use in eligible park maintenance.
FINANCIAL IMPACT
The action in this resolution transfers already appropriated funds, having no impact on fund balance.