Finance Item/Grant Request Template
Date Submitted: 10-26-20
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
Name: Emily Snyder
Email: Emily.Snyder@denvergov.org
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance rescinding unspent budget from the Capital Improvements and Capital Maintenance Projects Fund.
Rescinds stale, unexpended capital improvement funds from uninitiated capital projects. The Committee approved filing this item at its meeting on 11-3-20.
body
Affected Council District(s) or citywide? Citywide
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
DRMC 20-1(c) states that upon completion of a capital improvement project, any remaining unexpended budget balance shall be
closed and any unexpended appropriations shall be returned to the fund balance of the capital fund or enterprise fund from which the project originated. For capital improvement projects that were funded, but never initiated, legislative approval is required to rescind budget. This companion ordinance rescinds $2,420,000 of capital improvement funds from capital projects listed below that were never started and are no longer necessary. The idle funding has been returned to fund balance to support the financial position of the Capital Improvement Program and appropriated as part of the 2021 annual budget.
Capital Program
Project Name
Appropriation Year
Amount
PN001
Stapleton Denver-Aurora Connections...
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