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Home My WebLink AboutR22-058 Adopting a 3rd Supplementary Budge for Fiscal Year 2022 VCKAJOI911 CIIVUAJIM IU.ruk.0 I VCN-JMUY-YL/YU-DUY 1-1."IGra..rYJr JU Commissioner scherr moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE,STATE OF COLORADO RESOLUTION NO. 2022 - 058 RESOLUTION ADOPTING A 3rd SUPPLEMENTARY BUDGET AND APPROPRIATION OF UNANTICIPATED REVENUES FOR FISCAL YEAR 2022,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 2022 budget and/or such revenues were not assured at the time of the adoption of the 2022 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 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 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. uucuauyrr crlveup ru.rut,uI., '+-JP t$*-+L PU-OVY -w+IGrI.r t,r JV Commissioner scherr moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE,STATE OF COLORADO RESOLUTION NO. 2022 - 058 RESOLUTION ADOPTING A 3rd SUPPLEMENTARY BUDGET AND APPROPRIATION OF UNANTICIPATED REVENUES FOR FISCAL YEAR 2022,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 2022 budget and/or such revenues were not assured at the time of the adoption of the 2022 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 unanticipatedd such en or unassured WHEREAS, the Board has the authority to expend 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. uu uo.yll CIIVC1upe lu.ruVu I IrCV-0I1uH-YUYv-ov4 1-um.lcrl.r'YJr.v 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 uocuign envelope iu:rut,o 11.e4-3Nu4j►u4u-ou4 i-v4 I cra.r4orov MOVED,READ AND ADOPTED bythe Board of CountyCommissioners of the County of Eagle, State of Colorado, at its regular meeting held the 12th day of July , 2022. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its Z0 EAGLE cot BOARD OF COUNTY COMMISSIONERS N t ATTEST: DocuSiyned by:Adju / DocuSipned by: a (�-�U°Vim, c°tortao° By: C .. °Board of eeney County Commissioners County Commissioners Chair —DocuSigned by: aat4tytlttier-Henry Commissioner —A�.�Docul�S(gned by: I14.Arr .l ilafttEntlieff473.. Commissioner Commissioner chandler-Henry seconded adoption of the foregoing resolution. The roll having been called,the vote was as follows: Commissioner McQueeney Aye . Commissioner Chandler-Henry Aye Commissioner Scherr Aye This resolution passed by 3/0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado 3 3rd Supplemental Request to the 2022 Budget • To: Board of County Commissioners From: Finance Department CC: County Manager's Office, Elected Officials,and Department Heads Date: 7/8/2022 EAGLE COUNTY Finance Re: 3rd Supplemental to the 2022 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) - Request Summary.This sheet is a summary of all program and project requests.(Pages 2) -Project Description. This sheet provides details of each program or project request.(Page 3) - Fund Balance/Net Position Summary. The purpose of this sheet to give a high level update of projected 2022 fund balance/net position for all Eagle County funds, including the impacts of the 2022 adopted budget and all budget amendments on fund balance/net position. (Page 4) Following is a summary of the 3rd Supplemental to the 2022 Adopted Budget request: Fund# Fund Name Revenues Expenditures 1001 -General Fund $ - $ 1,500,000 3670-Eagle County Housing and Development Authority $ - $ 11,500,000 Total $ - $ 13,000,000 Coversheet 1 3rd Supplemental Request to the 2022 Budget Pend Name Department Name Praject/Request Name Total Revenue Total Expenses 1001-General Fund HR/Finance Workforce Support Program $ - $ 1,500,000 1001 General Fund Total $ - $ 1,500,000 3670-Eagle County Housing and Development Housing Site lease and development agreement between $ - $ 11,500,000 Authority ECHDA and CMC 3670-Eagle County Houseig and Deveicoment $ - $ 11,500,000 Authority Total Grand Total $ - $ 13,000,000 Request Summary 2 3rd Supplemental Request to the 2022 Budget Project/Request Name Project/Request Brief Description i Site lease and development agreement between To fund the construction of a 36 unit building on the CMC campus in Edwards.All units will be ECHDA and CMC permanently deed restricted and provide housing for,ECG employees,Eligible Households as defined in the Eagle County Affordable Housing Guidelines and CMC students and staff. Workforce Support Program Support for our workforce through a stimulus package that includes bonuses and additional time off designed to recognize and address all time high inflation,support flexibility and mental health. Project Description 3 3rd Supplemental Request to the 2022 Budget • 3rd Supplemental Requests Unaudited Updated 12/31/21 Fund 2022 Amended Projected 12/31/22 Projected 12/31/22 Balance/Net Budget Net Fund Balance/Net Updated 2022 Fund Balance/Net Position Revenue Position Revenue Expenses Net Revenue Position 1001-General Fund $ 37,385,488 $ (3,935,751) $ 33,449,737 $ - $ 1,500,000 $ (5,435,751) $ 31,949,737 1004-Public Trustee Fund $ 146,002 $ (21,073) $ 124,929 $ - $ - $ (21,073) $ 124,929 1100-Road and Bridge $ 10,061,758 $ (619,423) $ 9,442,335 $ - $ - $ (619,423) $ 9,442,335 1110-Human Services $ 4,691,303 $ (829,693) S 3,861,610 $ - $ - $ (829,693) $ 3,861,610 1140-Offsite Road Improvements $ 1,265,922 $ (94,934) $ 1,170,988 $ - $ - $ (94,934) $ 1,170,988 1151-ECO Transit $ 14,095,906 $ 3,885,739 $ 17,981,645 $ - $ - $ 3,885,739 $ 17,981,645 1152-ECO Trails $ 2,642,731 $ (530,142) $ 2,112,589 $ - $ - $ (530,142) $ 2,112,589 1160-Airport $ 13,006,806 $ 2,116,535 $ 15,123,341 $ - $ - $ 2,116,535 $ 15,123,341 1170-Conservation Trust $ 275,434 $ 50,900 $ 326,334 $ - $ - $ 50,900 $ 326,334 1180-800 MHz $ 1,849,811 $ 12,181 $ 1,861,992 $ - $ - $ 12,181 $ 1,861,992 1191-Emergency Reserve(TABOR) $ 2,747,427 $ - $ 2,747,427 $ - $ - $ - $ 2,747,427 1200-Public Health $ 4,156,425 $ (839,574) $ 3,316,851 $ - $ - $ (839,574) $ 3,316,851 1210-Mental Health $ 454,543 $ (44,300) $ 410,243 $ - $ - $ (44,300) $ 410,243 1400-Housing Loans $ 551,565 $ (165,000) $ 386,565 $ - $ - $ (165,000) $ 386,565 1401-Housing Operations $ 5,529,145 $ (4,481,241) $ 1,047,904 $ - $ - $ (4,481,241) $ 1,047,904 1410-Workforce Housing Rentals $ 51,747 $ 34,365 $ 86,112 $ - $ - $ 34,365 $ 86,112 1442-Open Space $ 13,494,736 $ 3,578,524 $ 17,073,260 $ - $ - $ 3,578,524 $ 17,073,260 2150-Capital Improvements $ 37,291,119 $ (8,339,594) $ 28,951,525 $ - $ - $ (8,339,594) $ 28,951,525 3600-Landfill $ 17,059,067 $ (2,427,900) $ 14,631,167 $ - $ - $ (2,427,900) $ 14,631,167 3650 -Eagle County Air Terminal Corp $ 27,636,265 $ (79,042) $ 27,557,223 $ - $ - $ (79,042) $ 27,557,223 3660-The Valley Home Store $ 133,706 $ 12,791 $ 146,497 $ - $ - $ 12,791 $ 146,497 3670-Eagle County Housing and Development Auth $ 18,221,773 $ 52,501,016 $ 70,722,789 $ - $ 11,500,000 $ 41,001,016 $ 59,222,789 3680-Lake Creek Village $ 1,481,082 $ (1,480,082) $ 1,000 $ - $ - $ (1,480,082) $ 1,000 3700-Fleet $ 18,714,129 $ (1,409,211) $ 17,304,918 $ - $ - $ (1,409,211) $ 17,304,918 3730-Insurance Reserve $ 361,804 $ (68,669) $ 293,135 $ - $ - $ (68,669) $ 293,135 3790-Health Insurance $ 8,235,584 $ (2,442,237) $ 5,793,347 $ - $ - $ (2,442,237) $ 5,793,347 3900-E911 Authority $ 741,850 $ 284,809 $ 1,026,659 $ - $ - $ 284,809 $ 1,026,659 3990-Golden Eagle $ 272,352 $ (94,230) $ 178,122 $ - $ - $ (94,230) $ 178,122 Total $ 242,555,480 $ 34,574,764 $ 277,130,244 $ - $ 13,000,000 $ 21,574,764 $ 264,130,244 Fund Balance/Net Position 4