Colorado § 29-1-109 Changes to budget - transfers - supplemental appropriations

Colorado Statutes

§ 29-1-109 — Changes to budget - transfers - supplemental appropriations

Colorado·Title 29 Government·Art. Budget and Services

(1)

(a)If, after adopting the budget and making appropriations, the governing body of a local government deems it necessary, it may transfer appropriated moneys between funds or between spending agencies within a fund, as determined by the original appropriation level, in accordance with the procedures established in subsection (2) of this section.

(b)If, after adoption of the budget, the local government receives unanticipated revenues or revenues not assured at the time of the adoption of the budget from any source other than the local government's property tax mill levy, the governing body may authorize the expenditure of such funds by enacting a supplemental budget and appropriation.

(c)In the event that revenues are lower than anticipated in the adopted budget, the gove

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(1)
(a) If, after adopting the budget and making appropriations, the governing body of
a local government deems it necessary, it may transfer appropriated moneys
between funds or between spending agencies within a fund, as determined by the
original appropriation level, in accordance with the procedures established in
subsection (2) of this section.

(b) If, after adoption of the budget, the local government receives
unanticipated revenues or revenues not assured at the time of the adoption of the
budget from any source other than the local government's property tax mill levy,
the governing body may authorize the expenditure of such funds by enacting a
supplemental budget and appropriation.

(c) In the event that revenues are lower than anticipated in the adopted
budget, the governing body may adopt a revised appropriation ordinance or
resolution as provided in section 29-1-108.

(2) (a) (I) Any transfer, supplemental appropriation, or revised appropriation
made pursuant to this section shall be made only by ordinance or resolution which
complies with the notice provisions of section 29-1-106.

(II) Repealed.

(b) For transfers, such ordinance or resolution shall set forth in full the
amounts to be transferred and shall be documented in detail in the minutes of the
meeting of the governing body. A certified copy of such ordinance or resolution
shall be transmitted immediately to the affected spending agencies and the officer
or employee of the local government whose duty it is to draw warrants or orders for
the payment of money and to keep the record of expenditures as required by
section 29-1-114. A certified copy of such ordinance or resolution shall be filed with
the division.

(c) (I) For supplemental budgets and appropriations, such ordinance or
resolution shall set forth in full the source and amount of such revenue, the purpose
for which such revenues are being budgeted and appropriated, and the fund or
spending agency which shall make such supplemental expenditure. A certified
copy of such ordinance or resolution shall be filed with the division.

(II) Repealed.

Colorado § 29-1-109 (Changes to budget - transfers - supplemental appropriations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 90: Entire part R&RE, p. 1433, � 1, effective January 1, 1991. L. 2023, 1st Ex. Sess.: (2)(a) and (2)(c) amended, (SB 23B-001), ch. 1, p. 7, �5, effective November 20.