HomeMy WebLinkAbout123 - 10/03/2023 - APPROPRIATING PRIOR YEAR RESERVES AND AUTHORIZING TRANSFERS IN VARIOUS CITY FUNDSORDINANCE NO.123,2023
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND
AUTHORIZING TRANSFERS IN VARIOUS CITY FUNDS
WHEREAS,the City has prior year-reserves available for appropriation;and
WHEREAS,the City Council finds and determines that the adoption of this Ordinance is
necessary for the public’s health,safety,and welfare,and therefore,wishes to authorize the
expenditures described in this Ordinance and that such expenditures will serve the public purposes
for which they are designated in Section 2 below;and
WHEREAS,Article V,Section 9 of the City Charter permits the City Council,upon
recommendation of the City Manager,to appropriate 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 funds were not previously appropriated;and
WHEREAS,the City Manager is recommending the appropriations described herein and
has determined that these appropriations are available and previously unappropriated from the
funds named within Section 2 of this Ordinance and will not cause the total amount appropriated
in each fund named within Section 2 of this Ordinance to exceed the current estimate of actual and
anticipated revenues and all other funds to be received in each such fund during this fiscal year;
and
WHEREAS,Article V,Section 10 of the City Charter authorizes the City Council,upon
recommendation by the City Manager,to transfer by ordinance any unexpended and
unencumbered appropriated amount or portion thereof from one fund or capital project to another
fund or capital project,provided that the purpose for which the transferred funds are to be expended
remains unchanged,the purpose for which the funds were initially appropriated no longer exists,
or the proposed transfer is from a fund or capital project in which the amount appropriated exceeds
the amount needed to accomplish the purpose specified in the appropriation ordinance;and
WHEREAS,the City Manager has recommended the transfer of $560,417 from the
Gardens on Spring Creek Reserve within the General Fund to the Cultural Services &Facilities Fund
and determined that the purpose for which the transferred funds are to be expended remains
unchanged;and
WHEREAS,the City Manager has recommended the transfer of $39,064 from the Perpetual
Care Fund to the Cemeteries Fund 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.
Section 2:That there is hereby appropriated from the following funds the amounts of
prior yeas reserves set forth below to be expended for the public purposes stated below.
GENERAL FUND
FROM:Prior Year Reserves (Manufacturing Use Tax Rebate Assign)$61,000
FOR:Manufacturing Use Tax Rebates $61,000
FROM:Prior Year Reserves (Land Bank reserve)$3,600
FOR:Land Bank Expenses $3,600
FROM:Prior Yeas Reserves (Gardens on Spring Creek Reserve within the $560,417
General Fund)
FOR:Transfer to the Cultural Services &Facilities Fund $560,417
TRANSPORTATION CEF FUND
FROM:Prior Yeas Reserves $200,000
FOR:Reimbursement for construction of arterial and collector level $200,000
roadways
RECREATION FUND
FROM:Prior Yeas Reserves $112,183
FOR:Facilities Asset Management $112,183
GOLF FUND
FROM:Prior Year Reserves $138,915
FOR:Golf Facilities Management $138,915
PERPETUAL CARE FUND
FROM:Prior Yeas Reserves (Perpetual Case Fund)$39,064
FOR:Transfer to the Cemeteries Fund $39,064
Introduced,considered favorably on first reading,and ordered published this 19th
day of September,2023,and to be presented for
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f October,2023.
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City Clerk
Passed and adopted on final reading this 3rd day of October,2023
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City lerk
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