Finance Item/Grant Request Template
Date Submitted: 1/18/22
Requesting Agency: Finance
Division: BMO
Subject Matter Expert Name: Nikki McCabe
Email Address: Nikki.mccabe@denvergov.org
Phone Number:
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 and an appropriation in the Culture and Recreation Special Revenue Fund Series to make a cash transfer to the Parks Legacy Capital Improvement Funds.
Approves a rescission in the Parks Legacy Special Revenue Fund and authorizes appropriating a cash transfer to the Parks Legacy Capital Fund to align with 2022 capital appropriations. The Committee approved filing this item at its meeting on 1-25-22.
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 2018, the citizens of Denver approved a 0.25 percent increase of Sales and Use tax to support Parks, Trails and Open Space, now called the Parks Legacy Fund. The sales tax is dedicated to the improvement and expansion of Denver's parks and recreation system
The Parks Legacy Special Revenue Fund receives the sales tax revenue, and funds are transferred from the Parks Legacy Fund to the Parks Legacy Capital Improvements Fund as allowable projects are identified. These transactions primarily happen as part of the annual budget process.
As the 2022 budget development process was nearing completion, additional capital projects were ide...
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