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Home My WebLink AboutR24-024 Adopting a 5th Supplementary Budget for Fiscal Year 2023 DocuSign Envelope ID:844DE37F-07F1-4298-9535-81A48530DC87 Commissioner McQueeney moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2024 - 024 RESOLUTION ADOPTING A 5th SUPPLEMENTARY BUDGET AND APPROPRIATION OF UNANTICIPATED REVENUES FOR FISCAL YEAR 2023, AND AUTHORIZING THE TRANSFER OF BUDGETED AND APPROPRIATED MONIES BETWEEN VARIOUS SPENDING AGENCIES WHEREAS, the County from time to time receives certain unanticipated revenues that were not anticipated at the time of the adoption of the 2023 budget and/or such revenues were not assured at the time of the adoption of the 2023 budget and therefore were not appropriated; and WHEREAS, the County has determined that there is an availability of unappropriated fund balances to adequately cover certain new appropriations; and WHEREAS, in view of the needs of the various offices, departments, boards, commissions, and other spending agencies, it is also necessary to transfer certain previously budgeted and appropriated monies or to authorize the expenditure of such unanticipated or unassured revenues or unappropriated fund balances; 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 appropriated revenues from one county fund to another county fund, pursuant to C.R.S. 29-1-109 and C.R.S. 29-1-111; and WHEREAS, Eagle County's Finance Department has determined that such budget appropriations are in compliance with the provisions of the Colorado Constitution, Article X, Section 20, also known as "Amendment One: The Taxpayer's Bill of Rights"; and WHEREAS, notice of this proposed supplementary budget has been published in a newspaper having general circulation within the territorial limits of the County of Eagle, State of Colorado, as required by the terms of C.R.S. 29-1-106. 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 of unanticipated revenues, unassured funds, transfers, and utilization of fund balance as described in Exhibit A attached hereto and incorporated herein by this reference. DocuSign Envelope ID:844DE37F-07F1-4298-9535-81A48530DC87 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, the Eagle County Budget Officer 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 Budget Officer 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 citizens of Eagle County, Colorado. [Remainder of page left intentionally blank] 2 DocuSign Envelope ID:844DE37F-07F1-4298-9535-81A48530DC87 MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the 16th day of April, 2024. DocuSigned by: 1,,,,,,,o, COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS ATTEST: DocuSigned by: DocuSigned by: Frtlatl&A. 0-16ViGln, By: Sd u,vr 100021240090440... 81E7820718E04/3... Clerk to the Board of Matt Scherr County Commissioners County Commissioners Chair DocuSigned by: �J cMAC1281-8A047A. Jeanne McQueeney Commissioner Kathy Chandler-Henry Commissioner Commissioner scherr seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Scherr Aye Commissioner McQueeney Aye Commissioner Chandler-Henry Absent This resolution passed by 2/0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado 3 5th Supplemental to the 2023 Budget Coversheet To: Board of County Commissioners, Elected Officials, County Manager,and Department Heads From: Finance Department Date: 4/11/2024 EAGLE COUNTY Finance Re: 5th Supplemental to the 2023 Adopted Budget Included in this memo are the following items: -A summary of the revenues and expenditures included in this supplemental request by fund.(Bottom of this page) - New Request Summary.This sheet is a summary of all new program and project requests.(Page 2) - Fund Balance/Net Position Summary. The purpose of this sheet to give a high level update of projected 2023 fund balance/net position for all Eagle County funds, including the impacts of the 2023 adopted budget and all budget amendments on fund balance/net position.(Page 3) - Project Description. This sheet provides details of each program or project request.(Pages 4) Following is a summary of the 5th Supplemental to the 2023 Adopted Budget: Fund# Fund Name Revenues Expenditures 1401 -Housing Operations $ - $ 487,552 Total $ - $ 487,552 Page 1 5th Supplemental to the 2023 Budget Request Summary Fund Name tM Name Project/Steepest Name 1401-Housing Operations - Housing 491 Metcalf Road Asset Transfer $ - $ 487,552 1401-Housinn Operations Toted . . $; ,. #. tri Grand Total # - t 4 Page 2 5th Supplemental to the 2023 Budget Fund Balance/Net Position 5th Supplemental Requests Updated Audited Projected Projected 12/31/22 Fund 12/31/23 Fund 12/31/23 Fund Balance/Net Updated 2023 Balance/Net Updated 2023 Balance/Net Position Net Revenue Position Revenue Expenses Net Revenue Position 1001-General Fund $ 47,257,728 $ (3,415,001) $ 43,842,727 $ - $ - $ (3,415,001) $ 43,842,727 1004-Public Trustee Fund $ 114,208 $ (2,439) $ 111,769 $ - $ - $ (2,439) $ 111,769 1100-Road and Bridge $ 10,360,662 $ (942,618) $ 9,418,044 $ - $ - $ (942,618) $ 9,418,044 1110-Human Services $ 5,802,873 $ (1,205,612) $ 4,597,261 $ - $ - $ (1,205,612) $ 4,597,261 1140-Offsite Road Improvements $ 1,968,260 $ (562,350) $ 1,405,910 $ - $ - $ (562,350) $ 1,405,910 1151-ECO Transit $ 23,990,585 $ (6,767,430) $ 17,223,155 $ - $ - $ (6,767,430) $ 17,223,155 1152-ECO Trails $ 2,485,628 $ (537,572) $ 1,948,056 $ - $ - $ (537,572) $ 1,948,056 1160-Airport $ 18,104,804 $ (2,424,764) $ 15,680,040 $ - $ - $ (2,424,764) $ 15,680,040 1170-Conservation Trust $ 388,367 $ (65,700) $ 322,667 $ - $ - $ (65,700) $ 322,667 1180-800MHz $ 1,993,511 $ (28,051) $ 1,965,460 $ - $ - $ (28,051) $ 1,965,460 1191-Emergency Reserve(TABOR) $ 2,747,427 $ - $ 2,747,427 $ - $ - $ - $ 2,747,427 1200-Public Health $ 4,501,769 $ (1,516,635) $ 2,985,134 $ - $ - $ (1,516,635) $ 2,985,134 1210-Mental Health $ 462,153 $ (169,360) $ 292,793 $ - $ - $ (169,360) $ 292,793 1220-Lodging Tax $ - $ 2,444,595 $ 2,444,595 $ - $ - $ 2,444,595 $ 2,444,595 1400-Housing Loans $ 400,979 $ (200,000) $ 200,979 $ - $ - $ (200,000) $ 200,979 1401-Housing Operations $ 4,187,070 $ (1,727,074) $ 2,459,996 $ - $ 487,552 $ (2,214,626) $ 1,972,444 1410-Workforce Housing Rentals $ 90,187 $ (469) $ 89,718 $ - $ - $ (469) $ 89,718 1442-Open Space $ 18,075,973 $ 2,820,963 $ 20,896,936 $ - $ - $ 2,820,963 $ 20,896,936 2150-Capital Improvements $ 41,450,621 $ (18,267,424) $ 23,183,197 $ - $ - $ (18,267,424) $ 23,183,197 3600-Landfill $ 17,510,642 $ (396,984) $ 17,113,658 $ - $ - $ (396,984) $ 17,113,658 3650 -Eagle County Air Terminal Corp $ 28,045,963 $ 898,511 $ 28,944,474 $ - $ - $ 898,511 $ 28,944,474 3660-The Valley Home Store $ 383,896 $ 145,951 $ 529,847 $ - $ - $ 145,951 $ 529,847 3670-Eagle County Housing and Development $ 72,735,040 $ (25,901,019) $ 46,834,021 $ - $ - $ (25,901,019) $ 46,834,021 3690-Seniors on Broadway II $ - $ 304,694 $ 304,694 $ - $ - $ 304,694 $ 304,694 3691-CMC Bldg 2 $ - $ 24,450 $ 24,450 $ - $ - $ 24,450 $ 24,450 3700-Fleet $ 18,850,477 $ (2,039,164) $ 16,811,313 $ - $ - $ (2,039,164) $ 16,811,313 3730-Property and Casualty Insurance $ 186,139 $ 3,349 $ 189,488 $ - $ - $ 3,349 $ 189,488 3790-Health Insurance $ 4,726,132 $ (2,727,920) $ 1,998,212 $ - $ - $ (2,727,920) $ 1,998,212 3900-E911 Authority $ 1,220,516 $ 42,484 $ 1,263,000 $ - $ - $ 42,484 $ 1,263,000 3990-Golden Eagle $ 207,948 $ (19,995) $ 187,953 $ - $ - $ (19,995) $ 187,953 Total $328,249,558 $ (62,232,584) $266,016,974 $ - $ 487,552 $ (62,720,136) $265,529,422 Page 3 5th Supplemental to the 2023 Budget Project Description Project/Request Name . Project/Request Brief Description 1 491 Metcalf Road Asset Transfer 491 Metcalf Road was purchased by Housing Operations as part of the Locals First program in 2022.The Locals First program enables Eagle County Housing and Development Authority(ECHDA)to be a cash buyer for a home then resell the property to a local buyer.The asset was transferred from Housing Operations to ECHDA in 2023.This property was then sold by ECHDA to a local buyer.The asset transfer was not considered in the 2023 budget. Page 4