HomeMy WebLinkAbout038 - 04/19/2022 - APPROPRIATING PRIOR YEAR RESERVES IN THE SALES AND USE TAX FUND FOR TRANSFER TO THE NATURAL AREAS FUORDINANCE NO. 038, 2022
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE SALES AND USE TAX FUND
FOR TRANSFER TO THE NATURAL AREAS FUND AND
APPROPRIATING THOSE FUNDS IN THE NATURAL AREAS FUND
WHEREAS, the sales and use tax revenue received in 2021 was higher than projected and
existing appropriations were not sufficient to transfer from the Sales and Use Tax Fund the full
amount due to the Natural Ares Fund from the Open Space Yes 114 cent sales tax; and
WHEREAS, the purpose of this Ordinance is to increase the total appropriations in the
Sales and Use Tax Fund by $1,700,000, transfer that amount to the Natural Areas Fund, and then
appropriate the funds transferred in the Natural Areas Fund; and
WHEREAS, this appropriation benefits the public health, safety, and welfare of the
residents of Fort Collins and serves the public purpose of providing funding from the Open Space
Yes! ballot measure for expenditure by the City's Natural Areas Department, as required by the
ballot language approved by the voters; and
WHEREAS, Article V, Section 9 of the City Charter permits the City Council, upon the
recommendation of the City Manager, to make supplemental appropriations 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, the Interim City Manager has recommended the appropriation described
herein and determined that this appropriation is available and previously unappropriated from the
Sales and Use Fund and will not cause the total amount appropriated in the Sales and Use Tax
Fund to exceed the current estimate of actual and anticipated revenues and all other funds to be
received in this Fund during this fiscal year.
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 there is hereby appropriated from prior year reserves in the Sales and
Use Tax Fund the sum of ONE MILLION SEVEN HUNDRED THOUSAND DOLLARS
($1,700,000) to be expended in the Sales and Use Tax Fund for transfer to the Natural Areas Fund
and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 5th day of
April, A.D. 2022, and to be presented for final passage on the 19th day of April, A.D. 2022.
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ATTEST:
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City Clerk
Passed and adopted on a�reding on the 19t1
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ATTEST:
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City Clerk
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