Finance Item/Grant Request Template
Date Submitted: 10-26-20
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
Name: Rachel Bardin
Email: Rachel.Bardin@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 authorizing a cash transfer from the Education Refund Program Special Revenue Fund to the General Fund.
Transfers cash from the General Government Special Revenue Fund Series to the General Fund to support the Office of Human Resources' 2020 mid-year reductions. 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.
In April 2020, the Budget and Management Office asked all General Fund agencies to meet reduction targets to help address the projected revenue gap resulting from economic impact of COVID-19. The Office of Human Resources proposed to meet a portion of its target through a transfer from its Education Refund Program SRF to the General Fund in the following amount:
Agency
Fund
Cash Transfer
Explanation
Office of Human Resources
11801 - Education Refund Program
$330,000
Suspend tuition aid benefit
*The actual cash transferred may be adjusted based on the cash balance once all current participants have received payments for meeting requirements.
Type (choose one: Grant; Supplemental; Fund...
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