HomeMy WebLinkAbout076 - 06/15/2021 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUNDN.
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ORDINANCE NO.076,2021
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS,the City estimates it will receive in federal fiscal year 202 1-2022
unanticipated revenue in the form of federal Community Development Block Grant (“CDBG”)
funds from Housing and Urban Development (HUD)totaling $1,144,395;and
WHEREAS,the City also has discovered unprogrammed CDBG funds through a
reconciliation with the federal Integrated Disbursement &Information System (IDIS)of $410,645;
and
WHEREAS,on June 1,2021,the City Council adopted Resolution 2021-062,approving
the Human Services and Housing Funding Board’s recommendation as to which programs and
projects should receive CDBG funds in the 2021 funding cycle;and
WHEREAS,this appropriation benefits the public health,safety and welfare of the
residents of Fort Collins and serves the public purpose of providing affordable housing and human
services for City residents;and
WHEREAS,Article V,Section 9 of the City Charter permits the City Council,upon
recommendation of the City Manager,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 and all other funds to be received during the fiscal year;
and
WHEREAS,Article V,Section 11,of the City Charter provides that federal grant
appropriations shall not lapse if unexpended at the end of the budget year until the expiration of
the federal grant;and
WHEREAS,the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the Community
Development Block Grant Fund and will not cause the total amount appropriated in the
Community Development Block Grant Fund to exceed the current estimate of actual and
anticipated revenues and all other funds to be received in that fund during any 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 for expenditure from unanticipated grant
revenue in the federal fiscal year 2021-2022 from HUD into the Community Development Block
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Grant Fund,the sum of ONE MILLION ONE HUNDRED FORTY-FOUR THOUSAND THREE
HUNDRED NINETY-FIVE DOLLARS ($1,144,395),upon receipt thereof for federal fiscal year
2021-2022 Community Development Block Grant projects.
Section 3.That there is hereby appropriated for expenditure from unanticipated
revenue from a reconciliation of funding between the City financial recordkeeping system and the
federal IDIS system into the Community Development Block Grant Fund,the sum of FOUR
HUNDRED TEN THOUSAND SIX HUNDRED FORTY-FIVE DOLLARS ($410,645),for
approved Community Development Block Grant projects.
Introduced,considered favorably on first reading,and ordered published this 1st day of
June,A.D.2021,and to be presented for final passage on the 15t da~j~~A.D.2021.
ATTEST:
City Clerk /9s4’~I /
Passed and adopted on final r 5i*,Ect’th day of June,A.D~.
ATTEST:
1~&~I ~k-t~
City Clerk I ~7