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Home My WebLink AboutCOUNCIL - AGENDA ITEM - 03/07/2006 - SECOND READING OF ORDINANCE NO. 026, 2006 APPROPRI ITEM NUMBER: 7 AGENDA ITEM SUMMARY DATE: March 7, 2006 FORT COLLINS CITY COUNCIL STAFF: John Stokes SUBJECT Second Reading of Ordinance No. 026, 2006 Appropriating Prior Year Reserves in the Natural Areas Fund for the Purpose of Providing Natural Areas Programming Not Included in the 2006 Adopted City Budget. RECOMMENDATION Staff recommends adoption of the Ordinance on Second Reading. EXECUTIVE SUMMARY This Ordinance, which was unanimously adopted on First Reading on February 21, 2006, appropriates prior year reserves for land conservation,construction of parking lots,fences and trails, restoration of wildlife habitat and other natural areas program needs to benefit the citizens of Fort Collins. ITEM NUMBER: 22 AGENDA ITEM SUMMARY DATE: February 21, 2006 FORT COLLINS CITY COUNCIL STAFF: John Stokes SUBJECT V y First Reading of Ordinance No. 026, 2006 Appropriating Prior Year Reserves in the Natural Areas Fund for the Purpose of Providing Natural Areas Programming Not Included in the 2006 Adopted City Budget. RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. FINANCIAL IMPACT Reappropriating these monies d a ePmunlit ar- reserve balances because, for budgetary purposes, all appro ated ies e t when estimating reserves prior to completion of audited numb This tion pro ate unanticipated revenue received within the Natural Areas Fund in g, g ices(BCC)sales tax revenue and Larimer County Help Preserve Open Space(Open Space) sales tax revenue. Monies to be reappropriated by this Ordinance are as follows: Land Conservation $2,000,000 2004 Certificates of Participation (Land Conservation) $3,266,861 Restoration $ 525,000 Public Improvement $1,730,000 Nix Operations $ 52,500 Total $7,574,361 Unanticipated Revenue to be appropriated: Open Space Sales Tax $ 199,219 BCC Sales Tax $ 140,601 Total COPY $ 339,820 EXECUTIVE SUMMARY The purpose of the previously appropriated funds remains the same,that being for land conservation, construction of parking lots, fences and trails,restoration of wildlife habitat and other natural areas program needs to benefit the citizens of Fort Collins. February 21, 2006 -2- Item No. 22 BACKGROUND Prior to 2004,the Natural Areas Pr w ous ithi e C 'tal Projects Fund and therefore did not lapse from year to year. rin 4,in d to m w the Governmental Accounting Standards Board,Natural Are propri on g so es were all moved into the Natural Area Fund, a lapsing fund. The Natural Areas Fund is funded from several sources of revenue, including BCC sales tax, Open Space sales tax and the issuance of the 2004 Certificates of Participation (COP). Land Conservation- $2,000,000. The balance of unspent BCC and Open Space appropriations is to be used for natural area land conservation. 2004 COP - $3,266,861. This represents the remaining amount of the 2004 COP proceeds. These funds will be used for land conservation. Restoration—$525,000. This amount represents the amount of restoration that was started in 2005 and continues into 2006 for natural areas parcels being restored to native vegetation. Public Im movements - 1 730 00�, ,T is unt esen Virovements. ' s public improvements started in 2005 and continuing into 06, �n din in tovault toilets, trail design and construction, and completion Bobcat idge rea Nix Operations - $52,500. This balance is a matching funds for the State of Colorado grant to complete the Nix Barn Restoration project started in 2005. ORDINANCE NO. 026, 2006 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL AREAS PROGRAMMING NOT INCLUDED IN THE 2006 ADOPTED CITY BUDGET WHEREAS,the City is committed to conserving natural areas in a manner that protects their integrity,while providing educational,interpretive and appropriate recreational opportunities to the public;P , and WHEREAS, Natural Areas programming implements open land conservation priorities identified in the City's Comprehensive Plan by purchasing fee simple or conservation easement interests in key natural areas,community separators,or other open lands;providing stewardship for lands purchased; and developing trails and interpretive features for public use; and WHEREAS,the City's Natural Areas program is funded primarily through the collection of Open Space-YES sales and use tax revenue,revenues from the Larimer County Help Preserve Open Spaces Initiative, proceeds from the issuance of Certificates of Participation in 2004, fees from royalties, investment earnings, and other miscellaneous revenues received; and WHEREAS, Natural Areas Fund appropriations totaled $24,010,188 in 2005 and expenditures/encumbrances totaled$16,435,827,which left a balance of unspent and unencumbered appropriations totaling $7,574,361; and WHEREAS, Article V, Section 11, of the Charter of the City of Fort Collins ("Charter") requires that all appropriations unexpended or unencumbered at the end of the fiscal year shall lapse to the applicable general or special revenue fund, except that appropriations for capital projects and federal or state grants shall not lapse until the completion of the capital project or until the expiration of the federal or state grant; and WHEREAS, actual 2005 revenues collected in the Natural Areas Fund, totaling $339,820 and which were not appropriated in 2005, are in prior year reserves of the Natural Areas Fund as of December 31, 2005; and WHEREAS, Article V, Section 9,of the Charter permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserves accumulated in prior years, notwithstanding that such reserves were not previously appropriated; and WHEREAS, City staff recommends appropriating from prior year reserves in the Natural Areas Fund the aforementioned unexpended and unencumbered appropriations totaling$7,574,361, and the unappropriated revenues received in 2005 totaling $339,820, to be used for acquisition, construction,enhancement and maintenance of trail systems,wildlife habitat and other natural areas to benefit the citizens of the City; and WHEREAS, it is the desire of the Council to appropriate the aforementioned total of $7,914,181 from prior year reserves and unspent and unencumbered appropriations in the Natural Areas Fund to be used for acquisition,construction,enhancement and maintenance of trail systems, wildlife habitat and other natural areas to benefit the citizens of the city. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the Natural Areas Fund the sum of SEVEN MILLION NINE HUNDRED FOURTEEN THOUSAND ONE HUNDRED EIGHTY-ONE DOLLARS ($7,914,181) to be used for acquisition, construction, enhancement and maintenance of trail systems,wildlife habitat and other natural areas to benefit the citizens of the city. Introduced and considered favorably on first reading and ordered published this 21 st day of February, A.D. 2006, and to be presented for final passage the 7th day of MarchrA.D. 2006. i t Mayo ATTEST: 4 City Clerk O Passed and adopted on final reading this 7th day of March, A.D. 2006. Mayor ATTEST: City Clerk