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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 09/01/2020 - SECOND READING OF ORDINANCE NO. 105, 2020, APPROPRItem # 4 Page 1 AGENDA ITEM SUMMARY Agenda Item 5 September 1, 2020 City Council STAFF Nina Bodenhamer, City Give Director Bob Adams, Recreation Director Ingrid Decker, Legal SUBJECT Second 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 This Ordinance, unanimously adopted on First Reading on August 18, 2020, appropriates $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 Second Reading. ATTACHMENTS 1.First Reading Agenda Item Summary, August 18, 2020 (w/o attachments)(PDF) 2.Ordinance No. 105, 2020 (PDF) Agenda 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. ATTACHMENT 1 -1- 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: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. -2- 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