HomeMy WebLinkAbout164 - 12/19/2023 - APPROPRIATING PRIOR YEAR RESERVES FOR THE GOLF ENTERPRISEORDINANCE NO.164,2023
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES FOR THE GOLF ENTERPRISE
WHEREAS,the City created a fund to account for Golf activities under Section 8-79 of
the City Code (“Gold Fund”);and
WHEREAS,on November 15,2022,City Council adopted Ordinance No.126,2022,
which set the budget for the Golf Fund for the fiscal year beginning January 1,2023,and ending
December 31,2023;and
WHEREAS,the Golf Fund is expected to incur a $185,000 shortfall for the current fiscal
year due to increased expenses related to banking services and contractual labor;and
WHEREAS,in order to maintain the current golf services available to the public at City
golf courses,City staff recommends using prior year reserves to fund the shortfall;and
WHEREAS,this appropriation benefits public health,safety and welfare of the citizens of
Fort Collins and serves the public purpose of maintaining all current golf services to the public;
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 from such revenues and funds for expenditure as may be available from
reserves accumulated in prior years,notwithstanding that such reserves were not previously
appropriated;and
WHEREAS,the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the Golf Fund
and will not cause the total amount appropriated in the Golf 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 Golf Fund
the sum of ONE HUNDRED EIGHTY-FIVE THOUSAND DOLLARS ($185,000)to be
expended in the Golf Fund for the Golf Enterprise expenses.
Introduced,considered favorably on first reading and ordered published this 5th day of December,
2023,and to be presented for final passage on the 19th day of December,2023
~SEAL!ATTEST:
City Clerk
Passed and adopted on final reading this 19th day
ATTEST:
City Clerk