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HomeMy WebLinkAboutR88-038 Supplementary BudgetCommissioner t,)-t- / C4., the following Resolution: 174 moved adoption of BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 88. -A RESOLUTION REAPPROPRIATING AND TRANSFERRING FUNDS FROM THE CAPITAL IMPROVEMENTS FUND TO THE TRANSPORTATION FUND FOR FISCAL YEAR 1988 AND ADOPTING A SUPPLEMENTARY BUDGET AND APPROPRIATION FOR CERTAIN UNANTICIPATED REVENUES RELATED TO THE TRANSPORTATION SYSTEM FOR FISCAL YEAR 1988. WHEREAS, the Board of County Commissioners of the County of Eagle, State of Colorado (hereinafter 'Board ") anticipates revenue, previously unanticipated, in the amount of Fifty Four Thousand and no /100 Dollars ($54,000.00) contributed by Avon Beaver Creek Resort Association (in the amount of $18,000.00) and Vail Associates (in the amount of $36,000.00) for the Eagle County Express; and WHEREAS, the aforementioned revenue was not anticipated at the time of the adoption of the 1988 budget, and /or such revenue was not assured at the time of the adoption of the 1988 budget and therefore was not appropriated; and WHEREAS, the Board now anticipates previously unanticipated transportation system expenditures in the estimated amount of $90,000.00; and WHEREAS, the aforementioned expenditures were not anticipated at the time of the adoption of the 1988 budget, and thus revenues were not appropriated for the payment of the same; and WHEREAS, the Board desires to reappropriate and transfer certain funds in the amount of $36,000.00 to the Transportation Fund in order to meet the increased expenditure; and WHEREAS, the Board has the authority to expend such unanticipated or unassured revenues by enacting a supplementary budget and appropriation, pursuant to Section 29 -1- 111.6, C.R.S.; and WHEREAS, the Board has the authority to reappropriate and transfer from one County fund to another monies needed for expenditures by authorizing a budget transfer, pursuant to Section 29 -1- 111.5, 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 $54,000.00 to the County's Transportation Fund for the purpose specified herein, and further that the County's Transportation Fund be increased by like amount. THAT, the Board hereby authorizes a reappropriation and transfer of $36,000.00 previously showing in the 1988 Eagle County Budget under County Capital Improvements Fund to the Transportation Fund - Bus System. 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 Section 29 -1- 111.6, 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. THAT, the Eagle County Finance 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 Finance 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 County of Eagle, State of 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 day of , 1988. County Commissioners COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS Georges Chairman L.'x, � �) -, -� � 11 Donal a ch Commissioner Richard L. Gustafson Commissioner Commissioner G seconded adoption of the foregoing Resolution. The roll having been called, the vote was as follows: Commissioner George A. Gates 4 y Commissioner Donald H. Welch dj4 Commissioner Richard L. Gustafson �,e 07' This Resolution passed by 2 ; y vote of the Board of County Commissioners of the County of Eagle, State of Colorado.