HomeMy WebLinkAbout128 - 12/06/2016 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUNDORDINANCE NO. 128, 2016
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, the City has received unanticipated Community Development Block Grant
CDBG) Program income in the amount of$74,200; and,
WHEREAS, Article V, Section 9, of the City Charter permits 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, 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
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WHEREAS, City staff has determined that the appropriation of all unanticipated CDBG
program revenue as described herein will not result in total appropriations in excess of the
current estimate of actual and anticipated revenues for fiscal year 2016.
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
program income revenue, upon receipt thereof into the Community Development Block Grant
Fund, the sum of SEVENTY-FOUR THOUSAND TWO HUNDRED DOLLARS ($74,200), for
approved Community Development Block Grant projects.
Introduced, considered favorably.on first reading, and ordered published this 15th day of
November, A.D. 2016, and to be presented for final passage on the 6th day of December, A.D.
2016.
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Mayor
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Chief Deputy City Clerk
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Passed and adopted on final reading on the 6th day of December, A.D. 2016.
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Mayor
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City Clerk
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