HomeMy WebLinkAboutR85-75 supplementary budget for reserve fund 1985$ a
Commissioner moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 85 -'07,5_
RESOLUTION ADOPTING A SUPPLEMENTARY
BUDGET AND APPROPRIATION FOR THE INSUR-
ANCE RESERVE FUND FOR FISCAL YEAR 1985,
AND AUTHORIZING THE TRANSFER OF REVENUE
BETWEEN THE VARIOUS COUNTY FUNDS
WHEREAS, the Board of County Commissioners of the
County of Eagle, State of Colorado (hereinafter the "Board "),
pursuant to Resolution No. 82 -65, established the "Insurance
Reserve Fund" for the purpose of administering and operating the
County's self - insurance program; and
WHEREAS, the premiums for the
coverage for the policy period July 1,
1986, unexpectedly increased over fifty
unanticipated expenditures in the County"
in an approximate amount of thirty -seven
and 00 /100 dollars ($37,700.00); and
WHEREAS, due to
deems it necessary to ensure
County's Insurance Reserve
fifty thousand seven hundred
an additional estimated am(
dollars ($30,000.00) than u
County's self- insurance
1985, through June 30,
percent, resulting in
Insurance Reserve Fund
thousand seven hundred
;uch increased premiums, the Board
a year -end fund balance within the
Fund in the approximate amount of
and 00 /100 dollars ($50,700.00), or
unt of thirty thousand and 00/100
as originally anticipated, for the
payment of premiums due January 1, 1986, and any claims which may
arise; and
WHEREAS, the aforementioned expenditures were not
anticipated at the time of the adoption of the 1985 budget and,
thus, revenues were not appropriated for the payment of the same;
and
WHEREAS, the County's Insurance Reserve Fund presently
has unanticipated revenue in the amount of ten thousand seven
hundred and 00 /100 dollars ($10,700.00) resulting from a 1984
year -end fund balance carryover; and
WHEREAS, the County's General Fund presently has
unanticipated revenue in the amount of three hundred ninety -three
thousand six hundred sixty and o0 /100 dollars ($393,660.00)
resulting from a 1984 year -end fund balance carryover; and
WHEREAS, the aforementioned revenues were not antici-
pated at the time of the adoption of the 1985 budget and /or such
revenues were not assured at the time of the adoption of the 1985
budget and, therefore, were not appropriated; and
WHEREAS, the Board has the authority to expend such
unanticipated or unassured revenues by enacting a supplementary
budget and appropriation, and to transfer budgeted and appropri-
ated revenues from one county fund to another county fund,
pursuant to §§ 29 -1 -111.5 and 29 -1- 111.6, respectively, C.R.S.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board hereby authorizes a supplementary
budget and appropriation in the total amount of $393,660.00 to
the County's General Fund for the purposes specified herein and
as authorized by law and, further, that the County's General Fund
be increased by like amount.
THAT, the Board hereby authorizes a supplementary
budget and appropriation in the total amount of $10,700.00 to the
County's Insurance Reserve Fund for the purposes specified herein
and, further, that the County's Reserve Fund be increased by like
amount.
THAT, the Board hereby authorizes the transfer in the
total amount of $57,000.00 from the County's General Fund to the
County's Insurance Reserve Fund for the purposes specified
herein.
THAT, the Treasurer of the County of Eagle is hereby
requested and directed to take all action necessary to effectuate
the intent of this Resolution.
THAT, pursuant to §§ 29 -1 -111.5 and 29 -1- 111.6, respec-
tively, C.R.S., this Resolution, as proposed, has been published
in full one time in a newspaper having general circulation within
the territorial limits of the County of Eagle, State of Colorado.
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j
THAT, the Eagle County Administrative Services Director
is hereby requested and directed to immediately transmit an
original or certified copy of this Resolution to the affected
spending agencies and the officer or employee of the County of
Eagle whose duty it is to draw warrants or orders for the payment
of money.
THAT, the Eagle County Administrative Services Director
is hereby further requested and directed to file an original or
certified copy of this Resolution with the Division of Local
Governments in the Department of Local Affairs.
THAT, this Resolution is necessary for the public
health, safety and welfare of the County of Eagle, State of
Colorado.
MOVED, READ AND ADOPTED by the Board of County Commis-
sioners of the County of Eagle, State of Colorado, at its regular
meeting held the r day of r 1985.
COUNTY OF EAGLE, STATE OF COLORADO
By and Through its
ATTEST: BOARD OF COUNTY COMMISSIONERS
By:
Commissioners
Q & �a
Donald H. Welch, Commissioner
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Commissioner b )e k h seconded adoption of
the foregoing resolution. The roll having been called, the vote
was as follows:
Commissioner David E. Mott p&enj
Commissioner Richard L. Gustafson pS�f
Commissioner Donald H. Welch
This Resolution passed by Z Lo 0 vote of the Board of County
Commissioners of the County of Eagle, State of Colorado.