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File #: 20-0504    Version: 1
Type: Bill Status: Passed
File created: 5/22/2020 In control: Finance & Governance Committee
On agenda: 6/15/2020 Final action: 6/22/2020
Title: A bill for an ordinance authorizing a cash transfer from the City Council Special Revenue Fund to the General Fund and making an appropriation in the General Fund. Approves a cash transfer of $143,146 from the City Council Special Revenue Fund and an appropriation in General Fund Contingency to meet a portion of City Council's 2020 mid-year reduction target. The Committee approved filing this item at its meeting on 6-2-20.
Indexes: Zach Rothmier
Attachments: 1. BR20 0504 DOF City Council Transfer from SRF for Reduction Targets, 2. CB20-0504_DOFCity Council Transfer from SRF for 2020 Reduction Target, 3. 20-0504 Filed Bill_DOFCity Council Transfer from SRF for 2020 Reduction Target, 4. 20-0504 - signed, 5. 20-0504 A bill for an ordinance authorizing a cash transfer from the City Council Special Revenue Fund to the General Fund and making an appropriation in the General Fund
Finance Item/Grant Request Template

Date Submitted: 5-22-20

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 City Council Special Revenue Fund to the General Fund and making an appropriation in the General Fund.
Approves a cash transfer of $143,146 from the City Council Special Revenue Fund and an appropriation in General Fund Contingency to meet a portion of City Council's 2020 mid-year reduction target. The Committee approved filing this item at its meeting on 6-2-20.
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. City Council chose to address a portion of its target by adding revenue to the General Fund through transfers from the City Council Special Revenue Fund, 11701. Transfers from this fund, from the following cost centers/districts are requested:
Cost Center
Transfe...

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