Finance Item/Grant Request Template
Date Submitted: 10-22-21
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
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Name: Rachel Bardin |
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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 establishing a new Fund in the General Government Special Revenue Fund Series for the “Transportation and Mobility” program.
Establishes the “Transportation and Mobility” Special Revenue Fund in the General Government Special Revenue Fund Series to support programs that promote transportation and mobility in Denver. The Committee approved filing this item at its meeting on 11-2-21.
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 establishes the “Transportation and Mobility” Special Revenue Fund, number 11882, in the General Government Special Revenue Fund Series.
This fund will provide dedicated support for transportation and mobility projects related to bicycles, sidewalks, safety, and transit improvements. The revenue to the fund includes appropriated General Fund transfers, which are made possible by an increase in parking meter rates in 2022 from $1 to $2 per hour. The 2022 budget includes a $9.5 million General Fund transfer to this fund. Of that total, $9.2 million is appropriated in 11882 to make a transfer to the Capital Improvement Program to support transportation and mobility projects. This fund will support two FTE in 2022 to administer programs.
The expending authority of the new fund will be the Executive Director of the Department of Transportation and Infrastructure. The Fund will be appropriated and non-lapsing.
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: