HomeMy WebLinkAboutR22-075 Adopting a 6th Supplementary Budget for Fiscal Year 2021 DocuSign Envelope ID:B1987042-6CDC-46B5-92C1-CD20B5521645
Commissioner chandler-Henry moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2022 - 075
RESOLUTION ADOPTING A 6th SUPPLEMENTARY BUDGET AND
APPROPRIATION OF UNANTICIPATED REVENUES FOR FISCAL YEAR 2021,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 2021
budget and/or such revenues were not assured at the time of the adoption of the 2021 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.
jl DocuSign Envelope ID:B1987042-6CDC-46B5-92C1-CD20B5521645
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.
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DocuSign Envelope ID:B1987042-6CDC-46B5-92C1-CD20B5521645
MOVED,READ AND ADOPTED by the Board of County Commissioners of the County
of Eagle, State of Colorado, at its regular meeting held the 13th day of
September , 2022.
COUNTY OF EAGLE, STATE OF
,— EAG��� COLORADO, By and Through Its
o� II BOARD OF COUNTY COMMISSIONERS
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ATTEST:
,-DocuSigned by: �! DocuSigned by:
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County Commissioners County Commissioners Chair
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Commissioner
, �Doc�ujSigned/by:
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Commissioner
Commissioner scherr seconded adoption of the foregoing resolution. The roll
having been called,the vote was as follows:
•
Commissioner McQueeney Ave
Commissioner Chandler-Henry • A r�
Commissioner Scherr Ate_
This resolution passed by 3/0 vote of the Board of County Commissioners of
the County of Eagle, State of Colorado
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•
6th Supplemental Request to the 2021 Budget
To: Board of County Commissioners
. 41F\
From: Finance Department
CC: County Manager's Office,Elected Officials,and Department Heads
Date: 6/20/2022
EAGLE COUNTY
Finance Re: 6th Supplemental to the 2021 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
2021 fund balance/net position for all Eagle County funds,including the impacts of the 2021 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 6th Supplemental to the 2021 Adopted Budget request:
Fund Name Department Project/Request Name Total Revenue Total Expenses
Name
1160 Airport Airport CRRSAA grant funds $ - $ 1,840,450
1160 Airport Total $ - ' $ 1,840,450
Grand Total $ - $ 1,840,450
Project/Request Brief Description
The airport passed this money through to ECAT to cover debt service payments on outstanding bonds.At
the time of receipt we believed it was considered a liability until passed through. Upon the auditor's further
review,it was determined that this was a transfer/pass through grant expenditure,which was not originally
reflected in the budget.
Fund Balance/Net Position Summary
6th Supplemental Requests Updated
Projected •
2021 Amended 12/31/21 Fund
Budget Net Projected 12/31/21 Balance/Net
Revenue Fund Balance Revenue Expenses Position
1160-Airport $ 4,810,896 $ 14,847,256 $ - $ 1,840,450 $ 13,006,806
Coversheet Page 1