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R85-75 supplementary budget for reserve fund 1985$ a Commissioner moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 85 -'07,5_ RESOLUTION ADOPTING A SUPPLEMENTARY BUDGET AND APPROPRIATION FOR THE INSUR- ANCE RESERVE FUND FOR FISCAL YEAR 1985, AND AUTHORIZING THE TRANSFER OF REVENUE BETWEEN THE VARIOUS COUNTY FUNDS WHEREAS, the Board of County Commissioners of the County of Eagle, State of Colorado (hereinafter the "Board "), pursuant to Resolution No. 82 -65, established the "Insurance Reserve Fund" for the purpose of administering and operating the County's self - insurance program; and WHEREAS, the premiums for the coverage for the policy period July 1, 1986, unexpectedly increased over fifty unanticipated expenditures in the County" in an approximate amount of thirty -seven and 00 /100 dollars ($37,700.00); and WHEREAS, due to deems it necessary to ensure County's Insurance Reserve fifty thousand seven hundred an additional estimated am( dollars ($30,000.00) than u County's self- insurance 1985, through June 30, percent, resulting in Insurance Reserve Fund thousand seven hundred ;uch increased premiums, the Board a year -end fund balance within the Fund in the approximate amount of and 00 /100 dollars ($50,700.00), or unt of thirty thousand and 00/100 as originally anticipated, for the payment of premiums due January 1, 1986, and any claims which may arise; and WHEREAS, the aforementioned expenditures were not anticipated at the time of the adoption of the 1985 budget and, thus, revenues were not appropriated for the payment of the same; and WHEREAS, the County's Insurance Reserve Fund presently has unanticipated revenue in the amount of ten thousand seven hundred and 00 /100 dollars ($10,700.00) resulting from a 1984 year -end fund balance carryover; and WHEREAS, the County's General Fund presently has unanticipated revenue in the amount of three hundred ninety -three thousand six hundred sixty and o0 /100 dollars ($393,660.00) resulting from a 1984 year -end fund balance carryover; and WHEREAS, the aforementioned revenues were not antici- pated at the time of the adoption of the 1985 budget and /or such revenues were not assured at the time of the adoption of the 1985 budget and, therefore, were not appropriated; 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 appropri- ated revenues from one county fund to another county fund, pursuant to §§ 29 -1 -111.5 and 29 -1- 111.6, respectively, 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 $393,660.00 to the County's General Fund for the purposes specified herein and as authorized by law and, further, that the County's General Fund be increased by like amount. THAT, the Board hereby authorizes a supplementary budget and appropriation in the total amount of $10,700.00 to the County's Insurance Reserve Fund for the purposes specified herein and, further, that the County's Reserve Fund be increased by like amount. THAT, the Board hereby authorizes the transfer in the total amount of $57,000.00 from the County's General Fund to the County's Insurance Reserve Fund for the purposes specified herein. 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 §§ 29 -1 -111.5 and 29 -1- 111.6, respec- tively, 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. -2- j THAT, the Eagle County Administrative Services Director 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 Administrative Services Director 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 Commis- sioners of the County of Eagle, State of Colorado, at its regular meeting held the r day of r 1985. COUNTY OF EAGLE, STATE OF COLORADO By and Through its ATTEST: BOARD OF COUNTY COMMISSIONERS By: Commissioners Q & �a Donald H. Welch, Commissioner -3- Commissioner b )e k h seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner David E. Mott p&enj Commissioner Richard L. Gustafson pS�f Commissioner Donald H. Welch This Resolution passed by Z Lo 0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado.