Finance Item/Grant Request Template
Date Submitted: 11-25-19
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 911 Emergency Communications Trust Fund to the General Fund.
Transfers $900,000 from the 911 Emergency Communications Trust Fund to the General Fund as part of a multi-year repayment to the General Fund for a transfer the Trust Fund received in 2018. The Committee approved filing this item at its meeting on 12-3-19.
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.
This bill request authorizes a cash transfer from the 911 Emergency Communications Trust Fund to the General Fund in the amount of $900,000. This transfer represents the 2019 installment of the Trust Fund's multi-year repayment to the General Fund for the $6,381,000 cash transfer the General Fund made to the Trust Fund in 2018 through Ordinance No. 2018-0893. The Executive Director of Safety's Office committed to repaying this amount to the General Fund over several years.
The 2018 transfer to the Trust Fund was required as a short-term solution to address the 2018 shortfall in the fu...
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