HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 11/05/2019 - SECOND READING OF ORDINANCE NO. 129, 2019, BEING TAgenda Item 7
Item # 7 Page 1
AGENDA ITEM SUMMARY November 5, 2019
City Council
STAFF
Darin Atteberry, City Manager
Mike Beckstead, Chief Financial Officer
Lawrence Pollack, Budget Director
John Duval, Legal
SUBJECT
Second Reading of Ordinance No. 129, 2019, Being the Annual Appropriation Ordinance Relating to the
Annual Appropriations for the Fiscal Year 2020; Amending the Budget for the Fiscal Year Beginning January 1,
2020 and Ending December 31, 2020; and Fixing the Mill Levy for Property Taxes Payable in 2020.
EXECUTIVE SUMMARY
This Ordinance, unanimously adopted on First Reading on October 15, 2019, amends the adopted 2020
Budget and sets the amount of $632,403,387 to be appropriated for fiscal year 2020. This appropriated
amount does not include what is also being appropriated by separate Council/Board of Director actions to
adopt the 2020 budgets for the General Improvement District (GID) No. 1 of $352,000, the 2020 budget for
GID No. 15 (Skyview) of $1,000, the Urban Renewal Authority (URA) 2020 budget of $5,952,249 and the
Downtown Development Authority 2020 budget of $19,534,122. The sum of these ordinances results in City-
related total appropriations of $658,242,758 in 2020. This Ordinance also sets the 2020 City mill levy at 9.797
mills, unchanged since 1991.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on Second Reading.
ATTACHMENTS
1. First Reading Agenda Item Summary, October 15, 2019 (w/o attachments) (PDF)
2. Ordinance No. 129, 2019 (PDF)
Agenda Item 12
Item # 12 Page 1
AGENDA ITEM SUMMARY October 15, 2019
City Council
STAFF
Darin Atteberry, City Manager
Mike Beckstead, Chief Financial Officer
Lawrence Pollack, Budget Director
John Duval, Legal
SUBJECT
First Reading of Ordinance No. 129, 2019, Being the Annual Appropriation Ordinance Relating to the Annual
Appropriations for the Fiscal Year 2020; Amending the Budget for the Fiscal Year Beginning January 1, 2020
and Ending December 31, 2020; and Fixing the Mill Levy for Property Taxes Payable in 2020.
EXECUTIVE SUMMARY
The purpose of this item is to amend the adopted 2020 Budget. This Ordinance sets the amount of $632,403,387
to be appropriated for fiscal year 2020. This appropriated amount does not include what is also being
appropriated by separate Council/Board of Director actions to adopt the 2020 budgets for the General
Improvement District (GID) No. 1 of $352,000, the 2020 budget for GID No. 15 (Skyview) of $1,000, the Urban
Renewal Authority (URA) 2020 budget of $5,952,249 and the Downtown Development Authority 2020 budget of
$19,534,122. The sum of these ordinances results in City-related total appropriations of $658,242,758 in 2020.
This Ordinance also sets the 2020 City mill levy at 9.797 mills, unchanged since 1991.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
BACKGROUND / DISCUSSION
City Council previously adopted the 2019-2020 Biennial Budget and appropriated monies for expenditure in fiscal
year 2019. State statutes and the City Charter both require an annual appropriation to cover expenses for the
ensuing year (2020) based upon the adopted budget. The Second Reading must occur before the last day of
November and is currently scheduled for November 5, 2019.
The Net City Budget, as amended, is broken down as follows:
ATTACHMENT 1
Agenda Item 12
Item # 12 Page 2
This Ordinance also sets the 2020 City mill levy at 9.797 mills, unchanged since 1991.
2020 Revenue Update
Overall, most significant City revenues are coming in at, or above, the 2019 budget except for Sales Tax.
Although total revenue for 2019 is on track to support 2019 expenses, the 2019 Sales Tax base, upon which
2020 growth is calculated, is now expected to be lower than budget. Based on 2019 YTD sales tax growth of
2.1% and increasing talk of a possible recession, the growth of 2020 Sales Tax is now conservatively being
estimated at 1.5%, compared to 3.0% in the 2020 Budget.
Thus, it is necessary for the City to reduce ongoing expenses in 2020 to align with the reduced forecast for 2020
Sales Tax revenue. The decreased forecast for Sales Tax revenue primarily impacts the General Fund and
Keep Fort Collins Great (KFCG) Fund; but also impacts the funds associated with the three dedicated quarter-
cent sales tax initiatives (Street maintenance, Natural Areas and CCIP). The total reduction of anticipated
revenue from Sales Tax in 2020 is about $1.8M, with the General Fund portion being just under $1.1M.
Fund balances are also strong with non-restricted reserves available to fund one-time expenses. The $2.2M
contingency reserve in the General Fund remains untouched. Overall, modest revenue growth is still forecasted
for 2020.
Recommended 2020 Ongoing Expense Reductions
There are a few different opportunities that helped align ongoing expenses to the reduced Sales Tax revenue
projections. First, there is the interest rate favorability associated with the debt offering for the Police Regional
Training Facility and the I-25/Prospect Interchange projects in the amount of $350k in the General Fund. Second,
there is ongoing fuel and maintenance savings within Transfort which will reduce the contribution from the
General Fund by $200k. And third, significant underspend and rising reserve balances in the Benefits Fund
allows for the ongoing expense reduction to departments based on reduced contributions to the Benefits Fund.
This third opportunity reduced the 2020 appropriation in most City funds and equates to just over $1.2M savings
in the General Fund.
Additionally, some funds had residual, unused ongoing revenue in 2020 that can be applied to offset expenses.
Lastly, 2018 fund balances are available in some funds to offset one-time expenses. These changes to revenue
and available reserves are summarized in the table below. The ‘Subtotal of Funding Changes’ line at the bottom
Original Revised
2020 2020 Change
Operating $609.2 $615.7 6.5
Debt 14.9 14.6 (0.3)
Capital 27.4 28.0 0.5
Total City Appropriations* $651.6 $658.2 $6.6
Less
Internal Service Funds ($85.6) ($85.2) 0.4
Transfers to Other Funds (51.5) (52.8) (1.3)
GIDs (0.2) (0.4) (0.2)
URAs (6.0) (6.0) 0.0
DDA (14.5) (19.5) (5.0)
Total ($157.7) ($163.8) ($6.1)
Net City Budget $493.9 $494.4 $0.5
* Includes GID #1, GID #15, URA and DDA all of which are appropriated in separate ordinances
TOTAL BUDGET (in millions)
Agenda Item 12
Item # 12 Page 3
of Table #1 indicates the estimated Sales Tax shortfalls are covered and displays the amount of funding available
by fund for the 2020 Revision requests.
Table #1 - Summary of 2020 Revenue Changes and Available Reserves (values in $k)
The revenue and reserves shown in Table #1 above are available to fund the recommended additions to the
2020 Budget. Table #2 below summarizes those proposed additions per the City Council work sessions on
September 10 and 24.
Description
General
Fund -
Ongoing
General
Fund -
1-Time
Capital
Expan-
sion KFCG CCIP
Natural
Areas
Trans-
porta-
tion Water
Wastew
ater
Storm-
water
Self
Insur-
ance
Broad-
band
Summary of Funding Changes
- Reduced 2020 Sales Tax (ongoing) ($1,052) ($397) ($117) ($117) ($117)
- Debt service favorability (ongoing) 350
- Fuel Savings (ongoing) 200
- Benefits Fund (ongoing) 1,224
- Unused 2020 Ongoing Revenue 70 398 15 5,300 1,700 165 195
- New Broadband PILOT Revenue 195
- Available Reserves 2,700 11,100 2,400 2,700 1,900 8,300
- Less: 2019 Reappropriation (1-Time) (340) (28) (584)
- Less: 2019 Supplementals (1-Time) (62) (20)
Subtotal of Funding Changes 987 2,298 11,100 1,975 2,583 281 1,194 5,300 1,700 8,300 165 195
Agenda Item 12
Item # 12 Page 4
Table #2 - Summary of 2020 Recommended Additions:
Table #3 below summarizes the available funding (displayed at the bottom of Table #1 above). The 2020 Budget
Revision Offers are then summarized into ongoing/one-time expenses and then subtracted from the available
funding. In all cases, there is enough available funding to support the proposed 2020 Budget Revision Offers.
Additionally, fund balances remain strong and well above minimum fund balance requirements.
Fund / Revision Requested FTE Ongoing $ One-Time $ Total
General Fund
Developing Equity Gaps Analysis, Indicators, and Principles - - 120,000 120,000
East Mulberry Corridor Plan Update and Annexation Assessment - - 175,000 175,000
Park Improvement Project Support - - 50,000 50,000
Continued Voluntary Compliance Support for Outdoor Residential Wood Burning - 0.25 FTE 0.25 18,638 - 18,638
Chief Privacy Officer with Records Management Responsibility (start date of 1 Mar 2020) 1.00 93,750 17,962 111,712
Ongoing Agreements from 2018 Collective Bargaining - 585,000 - 585,000
Sales Tax Technician - 1 FTE 1.00 50,585 - 50,585
Affordable Housing Impact Fee Study - - 75,000 75,000
Connexion Digital Equity Program - 195,000 - 195,000
Mobile Home Park Neighborhood Improvement and Community Building Grant Fund - - 50,000 50,000
Mobile Home Park Public Engagement and Owner-Renter Handbook - - 10,200 10,200
Childcare Access and Affordability Funding - - 25,000 25,000
Reduce Plastic Pollution-Outreach and Data Collection - - 35,000 35,000
Effective, Innovative and High Performing Board - - 30,000 30,000
Total General Fund 2.25 942,973 588,162 1,531,135
Capital Expansion Fund (General Government)
New Block 32 Parking Structure Design - - 1,515,000 1,515,000
Block 32 & 42 Plan Refresh - - 300,000 300,000
Total Capital Expansion Fund - $0 $1,815,000 $1,815,000
Self Insurance Fund
Security Specialist - 1.0 FTE 1.00 113,400 - 113,400
Total Self Insurance Fund 1.00 $113,400 $0 $113,400
Water/Wastewater Funds
Evaluation of Microplastics and Impact on River Health - - 35,000 35,000
Emerging Contaminants-Public Education and Outreach to Protect River Health - - 15,000 15,000
Urban Lakes Water Quality Management Policy & Guidance Development - - 100,000 100,000
Total Water/Wastewater Funds - $0 $150,000 $150,000
Stormwater Fund
Northeast College Corridor Outfall A4 (Lemay) Stormwater Lateral Design and Construction - - 959,500 959,500
Total Stormwater Fund - $0 $959,500 $959,500
Broadband Fund
Connexion Digital Equity Program - PILOT to the General Fund - 195,000 - 195,000
Total Broadband Fund - $195,000 $0 $195,000
TOTAL ALL FUNDS 3.25 $1,251,373 $3,512,662 $4,764,035
Agenda Item 12
Item # 12 Page 5
Table #3 - Available Revenue and Reserves net of the additional 2020 Revisions (Values in $k)
Note: This table only displays funds supporting the 2020 Budget Revision Offers
The 2020 Budget Revisions allow the City to align ongoing expenses with reduced revenue forecasts from Sales
Tax. Conversely, the City is also able to fund a small number of additions to the 2020 Budget, which address
Council priorities and other capital projects and design work that benefit our community.
CITY FINANCIAL IMPACTS
This Ordinance amends the City Budget for fiscal year 2020 and represents the annual appropriation for fiscal
year 2020 in the amount of $632,403,387, excluding the GID’s, URA’s and DDA’s. The Ordinance also sets the
City mill levy at 9.797 mills, unchanged since 1991.
BOARD / COMMISSION RECOMMENDATION
Boards and commissions were engaged during the development of the original 2019-20 Budget. The only
changes to the 2020 appropriations are the 2020 Revision Offers, which do not go through the Budgeting for
Outcomes (BFO) process. Rather, those items that met the specific criteria for the 2020 Revision process were
thoroughly vetted by City staff, the executive management team, and by Council at a Council Finance Committee
meeting on August 19 and then at City Council Work Sessions conducted on September 10 and 24.
PUBLIC OUTREACH
Significant public outreach was conducted as part of the development of the original 2019-20 Budget.
ATTACHMENTS
1. Powerpoint presentation (PDF)
Description
General
Fund -
Ongoing
General
Fund -
1-Time
Capital
Expan-
sion Water
Wastew
ater
Storm-
water
Self
Insur-
ance
Broad-
band TOTAL
Available Revenue and Reserves 987 2,298 11,100 5,300 1,700 8,300 165 195 36,078
2020 Budget Revision Requests
Ongoing Requests (943) (113) (195) (1,251)
One-Time Requests (588) (1,815) (75) (75) (960) (3,513)
Total of 2020 Revisions (943) (588) (1,815) (75) (75) (960) (113) (195) (4,764)
Net Impact (positive = available) $44 $1,710 $9,285 $5,225 $1,625 $7,341 $52 $0
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ORDINANCE NO. 129, 2019
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING THE ANNUAL APPROPRIATION ORDINANCE RELATING TO THE ANNUAL
APPROPRIATIONS FOR THE FISCAL YEAR 2020; AMENDING THE BUDGET FOR THE
FISCAL YEAR BEGINNING JANUARY 1, 2020, AND ENDING DECEMBER 31, 2020;
AND FIXING THE MILL LEVY FOR PROPERTY TAXES PAYABLE IN 2020
WHEREAS, on November 20, 2018, the City Council adopted on second reading
Ordinance No. 133, 2018, approving the biennial budget for the years beginning on January 1,
2019, and January 1, 2020 (the “Biennial Budget”); and
WHEREAS, the City Manager has submitted to the City Council proposed amendments to
the 2020 budget adopted as part of the Biennial Budget approved by the City Council in Ordinance
No. 133, 2018; and
WHEREAS, Article V, Section 4 of the City Charter requires that, before the last day of
November of each fiscal year, the City Council shall appropriate, on a fund basis and by individual
project for capital projects and federal or state grant projects, such sums of money as it deems
necessary to defray all expenditures of the City during the ensuing fiscal year, based upon the
budget as approved by the City Council; and
WHEREAS, Article V, Section 5 of the City Charter provides that the annual appropriation
ordinance shall also fix the tax levy in mills upon each dollar of the assessed valuation of all taxable
real property within the City, such levy representing the amount of taxes for City purposes
necessary to provide for payment, during the ensuing fiscal year, for all properly authorized
expenditures to be incurred by the City, including interest and principal of general obligation
bonds; and
WHEREAS, Article V, Section 10 of the City Charter authorizes the City Council, upon
the City Manager’s recommendation, to transfer by ordinance any unexpended and unencumbered
appropriated amount or portion thereof from one fund or capital project to another fund or capital
project, provided: (i) that the purpose for which the transferred funds are to be expended remains
unchanged, (ii) the purpose for which the funds were initially appropriated no longer exists; or (iii)
the proposed transfer is from a fund or capital project in which the amount appropriated exceeds
the amount needed to accomplish the purpose specified in the appropriation ordinance
(collectively, the “Transfer Criteria”); and
WHEREAS, the City Manager has recommended all the transfers described herein and
determined that they each satisfy one or more of the Transfer Criteria; and
WHEREAS, the City Council finds and determines that the adoption of this Ordinance is
necessary for the public’s health, safety and welfare and, therefore, wishes to authorize the
expenditures described in this Ordinance.
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NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That the City Council, having reviewed the City Manager's recommended
changes to the 2020 Proposed Appropriations section of the Biennial Budget, as shown on pages
43 through 48 thereof, a copy of which is on file with the office of the City Clerk, and as shown
in the 2020 Budget Revisions also on file with the City Clerk, hereby amends the Biennial
Budget to reflect the following changes and adopts said Biennial Budget as amended:
Existing Additions Reductions As Amended
GENERAL FUND $157,588,615 $1,842,035 $2,653,593 $156,777,057
ENTERPRISE FUNDS
Golf $3,682,166 $0 $22,893 $3,659,273
Light & Power
Operating Total $141,592,003 $0 $195,853 $141,396,150
Capital Projects:
Art in Public Places 14,076 0 0 14,076
Dist. System Impr. & Replacement 1,584,100 0 0 1,584,100
L&P Vehicle Storage Building 170,000 0 170,000 0
Service Center - L&P 950,000 170,000 0 1,120,000
Substation Cap Project 624,000 0 0 624,000
Capital Projects Total 3,342,176 170,000 170,000 3,342,176
Total Light & Power $144,934,179 $170,000 $365,853 $144,738,326
Storm Drainage
Operating Total $10,972,178 $0 $104,973 $10,867,205
Capital Projects:
2017 - Remington St Storm Sewer 2,546,200 0 0 2,546,200
2018 - Mail Crk Palmer Passway 1,408,900 0 0 1,408,900
North College Corridor Outfall A4 (Lemay) 0 950,000 0 950,000
Art in Public Places 25,462 9,500 0 34,962
CMMS - Maintenance Management 152,000 0 0 152,000
Developer Repays 100,000 0 0 100,000
Master Planning 450,000 0 0 450,000
Stormwater Flood Warning System 1,500,000 0 0 1,500,000
Utility Service Center Phase 2 100,000 0 0 100,000
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Stormwater Basin Improvements 17,500 0 0 17,500
Capital Projects Total 6,300,062 959,500 0 7,259,562
Total Storm Drainage $17,272,240 $959,500 $104,973 $18,126,767
Wastewater
Operating Total $18,455,218 $50,000 $117,425 $18,387,793
Capital Projects:
Art in Public Places 19,560 0 0 19,560
2019 - DWRF Carbon Add Phase 1 500,000 0 0 500,000
2019 - North College WW Improvement 711,000 0 0 711,000
Service Center Improvements 17,500 0 0 17,500
CMMS - Maintenance Management 221,500 0 0 221,500
Collection System Small Projects 1,500,000 0 0 1,500,000
Cured in Place Pipe 600,000 0 0 600,000
Polution Control Cap Replacement 50,000 0 0 50,000
Water Reclamation Replacement Program 2,456,000 0 0 2,456,000
Capital Projects Total 6,075,560 0 0 6,075,560
Total Wastewater $24,530,778 $50,000 $117,425 $24,463,353
Water
Operating Total $25,704,618 $100,000 $163,149 $25,641,469
Capital Projects:
Service Center Improvement 35,000 0 0 35,000
2019 - Environmental Learning Center Dam 250,000 0 0 250,000
CMMS - Maintenance Management 346,750 0 0 346,750
Distribution System Repl Small Projects 1,540,000 0 0 1,540,000
Water Production Replacement Program 1,000,000 0 0 1,000,000
Water Quality Cap Replacement 50,000 0 0 50,000
Watershed Protection 80,000 0 0 80,000
Capital Projects Total 3,301,750 0 0 3,301,750
Total Water $29,006,368 $100,000 $163,149 $28,943,219
Broadband
Operating Total $6,685,000 $195,000 $0 $6,880,000
Capital Projects:
Broadband Capital Interest 5,827,788 0 0 5,827,788
Capital Projects Total 5,827,788 0 0 5,827,788
Total Broadband $12,512,788 $195,000 $0 $12,707,788
TOTAL ENTERPRISE FUNDS $231,938,519 $1,474,500 $774,293 $232,638,726
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INTERNAL SERVICE FUNDS
Benefits $39,162,216 $0 $14,971 $39,147,245
Data & Communications 10,901,337 0 88,836 10,812,501
Equipment 14,394,169 0 63,136 14,331,033
Self Insurance 4,789,061 113,400 15,849 4,886,612
Utility Customer Service & Administration 19,138,390 0 211,462 18,926,928
TOTAL INTERNAL SERVICE FUNDS $88,385,173 $113,400 $394,254 $88,104,319
SPECIAL REVENUE & DEBT SERVICE
FUNDS
Capital Improvement Expansion $4,015,000 $1,815,000 $0 $5,830,000
Capital Leasing Corporation 5,138,351 0 347,819 4,790,532
Cemeteries 729,126 0 10,038 719,088
Conservation Trust
Operating Total $548,507 $0 $2,642 $545,865
Capital Projects:
Trail Acquisition/Development 1,010,547 0 0 1,010,547
Capital Projects Total 1,010,547 0 0 1,010,547
Total Conservation Trust $1,559,054 $0 $2,642 $1,556,412
Cultural Services & Facilities
Operating Total $4,870,458 $5,390 34,247 $4,841,601
Capital Projects:
Art in Public Places 41,969 11,700 0 53,669
Capital Projects Total 41,969 11,700 0 53,669
Total Cultural Services & Facilities $4,912,427 $17,090 $34,247 $4,895,270
General Employees' Retirement $6,029,250 $0 $0 6,029,250
Keep Fort Collins Great
Operating Total $26,252,462 $0 $110,806 $26,141,656
Capital Projects:
City Bridge Program 1,700,000 0 0 1,700,000
Capital Maintenance 2,141,298 0 0 2,141,298
Transportation Small Capital 125,000 0 0 125,000
Capital Projects Total 3,966,298 0 0 3,966,298
Total Keep Fort Collins Great $30,218,760 $0 $110,806 $30,107,954
Museum $1,110,377 $0 $16,063 $1,094,314
Natural Areas 12,795,748 0 78,540 12,717,208
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Neighborhood Parkland Fund $408,634 0 9,686 $398,948
Parking $2,858,577 0 29,859 $2,828,718
Perpetual Care 36,035 0 0 36,035
Recreation 7,938,947 0 64,277 7,874,670
Sales & Use Tax 8,452,062 0 103,900 8,348,162
Transportation CEF 3,509,919 0 2,642 3,507,277
Transit Services
Operating Total $18,127,640 $0 $1,314,658 $16,812,982
Capital Projects:
5307 Pass-Thru 1,271,040 1,271,040
CMAQ CNG BUS CO-2019-0010-00 937,500 500,000 1,437,500
Capital Projects Total 2,208,540 500,000 0 2,708,540
Total Transit Services $20,336,180 $500,000 $1,314,658 $19,521,522
Transportation Services 27,872,174 0 210,662 27,661,512
SPECIAL REVENUE & DEBT SERVICE
FUNDS $137,920,621 $2,332,090 $2,335,839 $137,916,872
CAPITAL PROJECTS FUNDS
Capital Projects Fund
Operating Total $82,805 $500,000 $0 $582,805
General City Capital Projects:
Arterial Intersection Imprvmnt - CCIP 400,000 0 0 400,000
Bicycle Infrastructure Im - CCIP 350,000 0 0 350,000
Bus Stop Improvements - CCIP 100,000 0 0 100,000
City Bridge Program 600,000 0 0 600,000
Block 32 Redevelopment 0 300,000 0 300,000
Block 32 Redevelopment - Parking 0 1,515,000 0 1,515,000
Linden Street Renovation - CCIP 2,898,000 0 0 2,898,000
Mountain Avenue Reshaping 100,000 0 0 100,000
Nature in the City - CCIP 185,608 0 0 185,608
Pedestrian Sidewalk - ADA - CCIP 1,100,000 0 0 1,100,000
North Mason Street 200,000 0 0 200,000
Northeast Community Park 3,550,000 0 0 3,550,000
Transfort Bus Replacements - CCIP 0 0 500,000 -500,000
Total General City Capital Projects $9,483,608 $1,815,000 $500,000 $10,798,608
Total Capital Projects Fund $9,566,413 $2,315,000 $500,000 $11,381,413
Community Capital Improvement Fund
General City Capital Projects:
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Affordable Housing Capital Program 400,000 0 0 400,000
Arterial Intersection Imprvmnt - CCIP 400,000 0 0 400,000
Bicycle Infrastructure Im - CCIP 350,000 0 0 350,000
Bus Stop Improvements - CCIP 100,000 0 0 100,000
Gardens Visitor Ctr Expansion - CCIP 40,000 0 0 40,000
Lincoln Avenue Bridge 36,000 0 0 36,000
Nature in the City - CCIP 200,000 0 0 200,000
Pedestrian Sidewalk - ADA - CCIP 1,100,000 0 0 1,100,000
Poudre River Project 50,000 0 0 50,000
Linden Street Renovation - CCIP 2,898,000 0 0 2,898,000
Willow Street Improvements - CCIP 11,000 0 0 11,000
Total Community Capital Improvement Fund $5,585,000 $0 $0 $5,585,000
TOTAL CAPITAL PROJECTS FUNDS $15,151,413 $2,315,000 $500,000 $16,966,413
TOTAL CITY FUNDS $630,984,341 $8,077,025 $6,657,979 $632,403,387
Section 3. That there is hereby appropriated out of the revenues of the City, for the fiscal
year beginning January 1, 2020, and ending December 31, 2020, the sum of SIX HUNDRED
THIRTY-TWO MILLION FOUR HUNDRED THREE THOUSAND THREE HUNDRED
EIGHTY-SEVEN DOLLARS ($632,403,387) to be raised by taxation and otherwise, which sum
is deemed by the City Council to be necessary to defray all expenditures of the City during said
budget year, to be divided and appropriated for the purposes shown in Section 2 above.
Section 4. Mill Levy.
a. That the mill levy rate for the taxation upon each dollar of the assessed valuation of
all the taxable real property within the City of Fort Collins shall be 9.797 mills to be imposed on
the assessed value of such property as set by state law for property taxes payable in 2020, which
levy represents the amount of taxes for City purposes is necessary to provide for payment during
the 2020 budget year of all properly authorized expenditures to be incurred by the City, including
interest and principal of general obligation bonds.
b. That the City Clerk shall certify this levy of 9.797 mills to the County Assessor and
the Board of Commissioners of Larimer County, Colorado, in accordance with the applicable
provisions of law, as required by Article V, Section 5 of the City Charter and no later than
December 15, 2019.
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Introduced, considered favorably on first reading, and ordered published this 15th day of
October, A.D. 2019, and to be presented for final passage on the 5th day of November, A.D. 2019.
__________________________________
Mayor
ATTEST:
_______________________________
City Clerk
Passed and adopted on final reading on the 5th day of November, A.D. 2019.
__________________________________
Mayor
ATTEST:
_______________________________
City Clerk