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Home My WebLink AboutR20-025 Adopting a 5th Supplementary Budget for Fiscal Year 2019 Commissioner me Quut,a_41,.. .-, moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2020 - 0t'S" RESOLUTION ADOPTING A 5th SUPPLEMENTARY BUDGET AND APPROPRIATION OF UNANTICIPATED REVENUES FOR FISCAL YEAR 2019,AND AUTHORIZING THE TRANSFER OF BUDGETED AND APPROPRIATED MONIES BETWEEN VARIOUS SPENDING AGENCIES WHEREAS, the County has received certain unanticipated revenues, hereinafter described; and WHEREAS, said revenues were not anticipated at the time of the adoption of the 2019 budget and/or such revenues were not assured at the time of the adoption of the 2019 budget and therefore were not appropriated; 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; and WHEREAS, the Board has the authority to expend S).0:1'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 Director 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, and transfers from fund balance as described in Exhibit A attached hereto and incorporated herein by this reference. 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. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the ' W' day of W.44./S 4A-1- , 2020. COUNTY OF EAGLE, STATE OF COLORADO,By and Through Its ot_0eerp�°if BOARD OF COUNTY COMMISSIONERS ATTEST: !nI , e, • 01471uwb °�.000 By: ; /a /. Clerk to the Board of a y Ch.gt -r-Henry al County Commissioners Count Commissioners Chair dOd J(nne McQueeney ommissioner �u1 A,QA-t c_a-30)L4l Fo a- SIC Jic J►Lan Matt Scherr Commissioner Commissioner 5QJLt 4-.. seconded adoption of the foregoing resolution. The roll having been called,the vote was as follows: 2 Commissioner Chandler-Henry 111.44'"n Commissioner McQueeney • Commissioner Scherr This resolution passed by 3 / vote of the Board of County Commissioners of the County of Eagle, State of Colorado 3 Coversheet Coversheet To: Board of County Commissioners • From: Finance Department CC: County Manager's Office,Elected Officials,and Department Heads EAGLE COUNTY Date: 3/20/2020 Finance Re: 5th Supplemental to the 2019 Adopted Budget Included in this memo are the following items: -A summary of the revenues and expenditures included in this supplemental request by fund. -Request Summary.This sheet is a summary of all program and project requests. -Project Description. This sheet provides details of each program or project request. -Fund Balance/Net Position Summary. The purpose of this sheet to give a high level update of projected 2019 fund balance/net position for all Eagle County funds,including the impacts of the 2019 adopted budget and all budget amendments on fund balance/net position. The Full Time Equivalent/Personnel Committee is recommending no new positions in this supplemental. Following is the 5th Supplemental to the 2019 Adopted Budget request: Fund Name,.,::. ..,,< I,',.,Department Name 1 , jProjegt/RequestName Total Revenue Total Expenses 1210-Mental Health Public Health Mental Health Contracts $ 78,424 $ 78,424 :1210-Mental Health Total. :-$ R 78,424 , , 4 fr; 8,42.4, GirandTotal . . '$ ?8. '. ,$ x= ,`78,424; Project/Request Brie Description ,. ry Due to staff turnover,a contract was not considered and added to supplementals 1 -4 in 2019,so we'd like to add it now. The contract was properly executed,and work was completed in 2019,so we are requesting to amend the 2019 budget accordingly. We are increasing tax revenue accordingly. 5th Supplemental Request to the 2019 Budget Page 1 • Fund Balance/Net Position Fund Balance/Net Position 5th Supplemental Requests Updated Audited 12/31/18 2019 Amended Projected 12/31/19 Projected 12/31/19 Fund Balance/Net ' Budget Net r Fund Balance/Net Fund Balance/Net Position Revenue r Position Revenue Expenses Position 1001-General Fund $ 31,565,465 $ (3,750,952) $ 27,814,513 r$ : $ - $ 27,814,513 1100-Road and Bridge $ 6,617,780 $ 430,408 $ 7,048,188 $ - $ - r $ 7,048,188 1110-Human Services $ 2,520,481 $ (431,535) $ 2,088,946 $ - $ - $ 2,088,946 1140-Offsite Road Improvements $ 931,955 $ (162,000) $ 769,955 $ - $ - $ 769,955 1151-ECO Transit $ 4,196,457 $ 956,228 $ 5,152,685 $ - $ - $ 5,152,685 1152-ECO Trails $ 2,120,000 $ (1,443,119) $ 676,881 $ - $ - $ 676,881 1153-RFV Transit $ 138,123 $ - $ 138,123 $ - $ - $ 138,123 '1154-RFV Trails $ 13,944 $ - $ 13,944 $ - $ - $ 13,944 1155-Transportation Capital $ 1,365,128 $ (1,365,128) $ - $ - $ - $ - 1160-Airport $ 4,431,775 $ (2,183,464) $ 2,248,311 $ - $ - $ 2,248,311 1170-Conservation Trust $ 88,144 $ (1,501) $ 86,643 $ - $ - $ 86,643 1180-800 MHz $ 1,008,400 $ 4,246 $ 1,012,646 $ - $ - $ 1,012,646 1191-Emergency Reserve(TABOR) $ 2,701,616 $ 27,000 $ 2,728,616 $ - $ - $ 2,728,616 1209-Public Health $ 503,387 $ (170,200) $ 333,187 $ - $ - $ 333,187 1210-Mental Health $ 894,601 $ (253,042) $ 641,559 $ 78,424.$ 78,424 $ 641,559 1400-Housing Loans $ 1,108,738 $ (320,000) $ 788,738 $ - $ - $ 788,738 ' 1401-Housing Operations $ 932,515 $ - $ 932,515 $ - $ - $ 932,515 1410-Workforce Housing Rentals $ - $ - $ - $ - $ - $ - 1442-Open Space $ 2,225,845 $ 3,570,204 $ 5,796,049 $ - $ - $ 5,796,049 1443-Open Space Preservation $ 311,512. $ (311,512) $ - $ - $ - r $ - 2150-Capital Improvements $ 6,038,937' $ (2,125,029) $ 3,913,908 $ - $ - $ 3,913,908 .3600-Landfill $ 15,601,150, $ 395,822 $ 15,996,972 $ - $ - $ 15,996,972 3650-Eagle County Air Terminal Corp $ 29,140,175 ' $ (21,280,680) $ 7,859,495 $ - $ - $ 7,859,495 3660-The Valley Home Store $ 161,398 $ (121,386) $ 40,012 $ - $ - $ 40,012 3670-Eagle County Housing and Development Auth $ 15,311,635 $ (132,287) $ 15,179,348 $ - $ - $ 15,179,348 3680-Lake Creek Village $ 1,054,161 $ (359,364) $ 694,797 $ - $ - $ 694,797 3700-Fleet $ 16,780,118 $ (1,445,425) $ 15,334,693 $ - $ - $ 15,334,693 3730-Insurance Reserve $ 240,343 $ (130,080) $ 110,263. $ - $ - $ 110,263 3790-Health Insurance $ 10,321,686 $ (2,593,388) $ 7,728,298 $ - $ - $ 7,728,298 3900-E911 Authority $ 422,922 $ (258,329) $ 164,593 $ - $ - $ 164,593 3990-Golden Eagle $ 282,682 $ (11,346) $ 271,336 $ - $ - $ 271,336 Total $ 159,031,073 $ (33,465,859) $ 125,565,214 $ 78,424 $ 78,424 $ 125,565,214 5th Supplemental Request to the 2019 Budget Page 2