Finance Item/Grant Request Template
Date Submitted: 3/23/23
Requesting Agency: Finance
Division:
Subject Matter Expert Name: Courtney Meihls
Email Address: Courtney.meihls@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.
Rescinds $6,593,500 from the Parks Legacy Operating Special Revenue Fund (15828) and authorizes a cash transfer to the Parks Legacy Capital Improvement Funds (36045 and 36050) and appropriates the transferred amount to support escalating construction costs for multiple Parks projects, citywide. The Committee approved filing this item at its meeting on 4-4-2023.
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 rescinds $6,593,500 in savings from the Parks Legacy Operating Special Revenue Fund (15828) and reappropriates budget in transfer orgs to transfer cash to make appropriations in the Parks Legacy Capital Improvement Funds (36045 and 36050) to provide funding to support escalating construction costs on the program areas listed in the table below. The budget is unspent from 2019 to 2022 due to supply chain issues, vacancy savings and operational savings during the pandemic. The transfer to Parks Legacy (...
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