HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 08/18/2020 - FIRST READING OF ORDINANCE NO. 105, 2020, APPROPRIAgenda Item 12
Item # 12 Page 1
AGENDA ITEM SUMMARY August 18, 2020
City Council
STAFF
Nina Bodenhamer, City Give Director
Bob Adams, Recreation Director
Ingrid Decker, Legal
SUBJECT
First Reading of Ordinance No. 105, 2020, Appropriating Unanticipated Philanthropic Revenue Received by
City Give for Transfer to the Recreation Fund for the Fort Collins Senior Center.
EXECUTIVE SUMMARY
The purpose of this item is to appropriate $66,652 in philanthropic revenue in the General Fund for transfer to
the Fort Collins Senior Center in the Recreation Fund for support of general operations. The charitable funds
are the disbursement of revenue from a Designated Endowment held by the Community Foundation of
Northern Colorado to benefit the Fort Collins Senior Center.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
BACKGROUND / DISCUSSION
A Designated Endowment was established at the Community Foundation of Northern Colorado in 1989 by
community advocates to "provide funds for the benefit of the new Senior Center." As a Designated Endowed
Fund, with a principal balance of approximately $500,000.00, disbursements of the fund’s revenue will
continue in perpetuity.
The Fort Collins Senior Center provides adults an opportunity to access and engage in recreational
opportunities, stay active and socialize. In 2019, the Fort Collins Senior Center had over 300,000 visitors.
Currently operating with modified hours and reduced programming availability, the Senior Center's is open to
all adults but specializes in programming for adults 50 years of age and up. In 2016, the Fort Collins Senior
Center was accredited by the National Institute of Senior Centers (NISC).
The City Manager recommends the appropriation described herein and determined that this appropriation is
available and previously unappropriated from the General Fund and will not cause the total amount
appropriated in the General Fund to exceed the current estimate of actual and anticipated revenues to be
received in the General Fund during this fiscal year. He also recommends the transfer described herein and
has determined that the purpose for which the transferred funds are to be expended remains unchanged.
CITY FINANCIAL IMPACTS
This Ordinance would appropriate $66,652 of unanticipated philanthropic revenue in the General Fund for
transfer to the Fort Collins Senior Center in the Recreation Fund for general operating support.
The funds have been received and accepted per City Give Administrative and Financial Policy.
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ORDINANCE NO. 105, 2020
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED PHILANTHROPIC REVENUE RECEIVED
BY CITY GIVE FOR TRANSFER TO THE RECREATION FUND FOR THE
FORT COLLINS SENIOR CENTER
WHEREAS, the Fort Collins Senior Center provides adults, especially those over 50, an
opportunity to access and engage in recreational opportunities, stay active and socialize, serving
over 300,000 visitors in 2019; and
WHEREAS, in 1989 a Designated Endowed Fund was established at the Community
Foundation of Northern Colorado (the “Endowed Fund”) to provide funds for the benefit of the
Senior Center; and
WHEREAS, City Give has received a disbursement of $66,652 in revenue from the
Endowed Fund, and City staff is asking the City Council to appropriate such revenue to be spent
on general operating support for the Senior Center; and
WHEREAS, this appropriation benefits public health, safety and welfare of the citizens
of Fort Collins and serves the public purpose of providing for the ongoing operation of a public
recreation facility; and
WHEREAS, Article V, Section 9, of the City Charter permits the City Council to make
supplemental appropriations by ordinance at any time during the fiscal year, provided that the
total amount of such supplemental appropriations, in combination with all previous
appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated
revenues to be received during the fiscal year; and
WHEREAS, the City Manager has recommended the appropriation described herein and
determined that these appropriations are available and previously unappropriated from the
General Fund and will not cause the total amount appropriated in the General Fund to exceed the
current estimate of actual and anticipated revenues to be received in these funds during the fiscal
year; and
WHEREAS, Article V, Section 10, of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof
from one fund or capital project account to another fund or capital project account, provided that
the purpose for which the transferred funds are to be expended remains unchanged; and
WHEREAS, the City Manager has recommended the transfer described herein and
determined that the purpose for which the transferred funds are to be expended remains
unchanged.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
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Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That there is hereby appropriated from unanticipated philanthropic
revenue in the General Fund the sum of SIXTY-SIX THOUSAND SIX HUNDRED FIFTY-
TWO DOLLARS ($66,652) for transfer to the Recreation Fund and appropriated therein for the
Fort Collins Senior Center.
Introduced, considered favorably on first reading, and ordered published this 18th day of
August, A.D. 2020, and to be presented for final passage on the 1st day of September, A.D.
2020.
__________________________________
Mayor
ATTEST:
_______________________________
City Clerk
Passed and adopted on final reading on the 1st day of September, A.D. 2020.
__________________________________
Mayor
ATTEST:
_______________________________
City Clerk