Finance Item/Grant Request Template
Date Submitted: 11-7-2022
Requesting Agency: Finance
Division:
Subject Matter Expert Name: Justin Sykes
Email Address: justin.sykes@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 cash transfers and appropriations in Denver Human Services to zero the balances and close special revenue funds: 13005,13017,13302,13303,13305, 13306, and 13307.
Authorizes Denver Human Services to make cash transfers, rescissions, and appropriations to zero the balances and close the following special revenue funds for accounting purposes: 13005, 13017, 13302, 13303, 13305, 13306, 13307. The Committee approved filing this item at its meeting on 11-8-2022.
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 ordinance request would enable DHS to make cash transfers to bring the balances in seven different funds to zero so they can be administratively closed. Because the transfers are all within the human services fund series, there is no net effect on the fund series. There are no policy or programmatic changes associated with this ordinance request. It is for accounting purposes only.
Reducing the number of funds DHS uses to administer programs will have the benefit of better aligning the department's revenues and expenditures. Currently some funds have negative balances due to revenues associat...
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