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File #: 17-0917    Version: 1
Type: Bill Status: Passed
File created: 8/8/2017 In control: Finance & Governance Committee
On agenda: 9/11/2017 Final action:
Title: A bill for an ordinance establishing two new funds in the Denver Municipal Airport System Enterprise Fund for the "Airport Capital Improvement and Equipment" fund and "Airport Sponsor Grant" fund. Approves the creation of the Airport Capital Improvement and Equipment Fund and the Airport Sponsor Grant Fund to appropriately account for Fund 73850, the Capital Equipment and Improvements fund, to comply with the new Workday financial system requirements that grant sponsored funding be kept separate from the matching Denver International Airport expenses. The Committee approved filing this bill by consent on 8-15-17.
Indexes: Shelley Smith
Attachments: 1. BR17 0917 DOF New Fund Approval, 2. CB17-0917 DOF_ DEN New Funds, 3. 17-0917 Filed Bill_DOF_ DEN New Funds.pdf, 4. 17-0917 - signed.pdf, 5. 17-0917 Filed Bill_Establishing two new funds in the Denver Municipal Airport System Enterprise Fund
Finance Item/Grant Request Template

Date Submitted: 08-08-17

Requesting Agency: Finance
Division:

* Name: Andrew Marzo
* Phone: 720.913.5539
* Email: Andrew.Marzo@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 establishing two new funds in the Denver Municipal Airport System Enterprise Fund for the "Airport Capital Improvement and Equipment" fund and "Airport Sponsor Grant" fund.
Approves the creation of the Airport Capital Improvement and Equipment Fund and the Airport Sponsor Grant Fund to appropriately account for Fund 73850, the Capital Equipment and Improvements fund, to comply with the new Workday financial system requirements that grant sponsored funding be kept separate from the matching Denver International Airport expenses. The Committee approved filing this bill by consent on 8-15-17.
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.
Denver International Airport is requesting the creation of two (2) new funds under the airport's existing Fund 73850: Capital Equipment and Improvements Fund. These new funds will allow for DEN to comply with the new Workday financial system requirements that grant sponsored funding must be kept separate from the matching DEN expenses. This will also allow DEN to mirror the city's processes now that Workday will become the financial system of record for both DEN and the rest of the City. ...

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