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File #: 20-0442    Version: 1
Type: Bill Status: Passed
File created: 5/1/2020 In control: Finance & Governance Committee
On agenda: 6/8/2020 Final action: 6/8/2020
Title: A bill for an ordinance making a rescission from General Fund Contingency and an appropriation in the General Fund to transfer cash to the City Council Special Revenue Fund. Approves the transfer of $281,874.44 from General Fund Contingency to City Council's Special Revenue Fund, which reflects a portion of City Council's 2019 year-end savings. The Committee approved filing this item at its meeting on 5-12-20.
Indexes: Zach Rothmier
Attachments: 1. BR20 0442 DOF City Council - GF Contingency Transfer to City Council SRF, 2. CB20-0442_City Council Transfer to SRF from GF Contingency, 3. 20-0442 Filed Bill_City Council Transfer to SRF from GF Contingency, 4. 20-0442 - signed, 5. 20-0442 - A bill for an ordinance making a rescission from General Fund Contingency and an appropriation in the General Fund to transfer cash to the City Council Special Revenue Fund

Finance Item/Grant Request Template

 

Date Submitted: 5-1-20

 

Requesting Agency: Finance

                               Division:

 

Subject Matter Expert Name:

Name: Stacy Simonet

Email: Stacy.Simonet@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 making a rescission from General Fund Contingency and an appropriation in the General Fund to transfer cash to the City Council Special Revenue Fund.

Approves the transfer of $281,874.44 from General Fund Contingency to City Council’s Special Revenue Fund, which reflects a portion of City Council’s 2019 year-end savings. The Committee approved filing this item at its meeting on 5-12-20.

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.

Approves transferring $281,874.44 from General Fund Contingency to the City Council SRF. This amount reflects the sum of unspent budget from the Councilmembers districts in 2019 that can be transferred to their SRF while still not exceeding the $50,000 maximum amount councilmembers are allowed in their SRF cost center.

Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other):

 

Amount:

 

Budget Year:

 

Fund and Funding Source (Fund/Org/Grant Number, if applicable):

 

Grantor (if applicable):

 

Fund Matching Requirements (if applicable):

 

Fiscal Impact: