HomeMy WebLinkAbout014 - 01/19/2021 - SUBMITTING TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF FORT COLLINS A PROPOSED AMENDMENT TO ORDINANCE NO. 014, 2021
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SUBMITTING TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF FORT
COLLINS A PROPOSED AMENDMENT TO SECTION 17 OF ARTICLE II OF THE CITY
CHARTER REVISING THE DEADLINE TO PUBLISH NOTICE OF THE
ANNUAL INDEPENDENT FINANCIAL AUDIT
WHEREAS, Article IV, Section 8 of the Charter of the City of Fort Collins ("Charter")
provides that the Charter may be amended as provided by the laws of the State of Colorado; and
WHEREAS, Section 31-2-210, Colorado Revised Statutes, provides that Charter
amendments may be initiated by the adoption of an ordinance by the City Council submitting a
proposed amendment to a vote of the registered electors of the City of Fort Collins; and
WHEREAS, Article II, Section 17 of the Charter ("Section 17") currently requires that
Council provide for an independent audit of city books and accounts at least annually and further
requires the publication of a summary of such audit within five months after the end of each fiscal
year; and
WHEREAS, this provision was last updated in 1985 and since then the time required for
completion of an annual independent financial audit has grown with the increasing complexity of
the City's books and accounts and the professional standards for such audits; and
WHEREAS, in many years the City is unable to provide a meaningful summary of the
annual financial audit within the five-month timeframe allowed and a modest increase in time for
the notice would enable the publication of a fuller summary of the audit outcomes; and
WHEREAS, Council desires to amend the Charter to increase the time for publication of
the annual audit summary to seven months after the end of each fiscal year instead of five months.
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 following proposed changes to Section 17 of Article lI of the City
Charter shall be submitted to the registered electors of the City as"Proposed Charter Amendment
No. 4"at the regular municipal election to be held on Tuesday, April 6, 2021:
ARTICLE II.
CITY COUNCIL
Section 17. - Independent annual audit.
-1-
The Council shall provide for an independent audit at least annually by a certified public
accountant of all books and accounts of the city, and shall publish a summary thereof once
in the manner provided for publication of legal notices within seven (7) months after the
end of each fiscal year.
Section 3. That the following ballot title and submission clause are hereby adopted for
submitting Proposed Charter Amendment No. 4 to the voters at said election:
CITY-INITIATED
PROPOSED CHARTER AMENDMENT NO. 4
Shall Section 17 of Article II of the Charter of the City of Fort Collins,requiring an
independent audit of city books and accounts at least annually, be amended to
increase the time for publication of a summary of such audit to seven (7) months
after the end of each fiscal year, instead of five (5) months?
Yes/For
_ No/Against
Introduced, considered favorably on first reading, and ordered published this 5th day of
January, A.D. 2021, and to be presented for final passage on the 19th day of January, A.D. 2021.
ATTEST:
SEAL
C-Ity Cler cOLORA9�
Passed and adopted on final reading on the 19th day of January, A.D. 2021.
(::;ayy2or
ATTEST:
of f�R.. 0
J 1p .A-A
•.G
.ity ct " SEAL•
cOIORAOO
r