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HomeMy WebLinkAbout061 - 05/21/2024 - UNANTICIPATED PHILANTHROPIC REVENUE RECEIVED THROUGH CITY GIVE FOR VARIOUS PROGRAMS AND SERVICES ASORDINANCE NO.061,2024 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED PHILANTHROPIC REVENUE RECEIVED THROUGH CITY GIVE FOR VARIOUS PROGRAMS AND SERVICES AS DESIGNATED BY THE DONORS A.In 2023,the City received seven donations totaling $4,815 and since the beginning of 2024,nineteen donations totaling $53,420 to be used for various City programs and services. B.The donors have directed these donations to be used solely by the City for certain designated uses. C.As acknowledged by Section 2.5 of the City’s Fiscal Management Policy 2 —Revenue approved by City Council,the City Manager has adopted the City Give Financial Governance Policy to provide for the responsible and efficient management of charitable donations to the City (the “City Give Policy”). D.Section 52.2.C.of the City Give Policy authorizes the City Give Director to accept donations of $5,000 or less for the City service area intended by the donor to be benefited and Section 52.2.D.of the City Give Policy similarly authorizes the City Manager to accept donations of more than $5,000 up to $100,000. E.As so authorized,the City Give Director and City Manager have accepted for the benefited City service areas,as applicable,the donations to be appropriated in this Ordinance to be used solely as directed by each donor. F.Article V,Section 9 of the City Charter permits the City Council,upon the recommendation of the City Manager,to make a supplemental appropriation by ordinance at any time during the fiscal year,provided that the total amount of such supplemental appropriation,in combination with all previous appropriations for that fiscal year,do not exceed the current estimate of actual and anticipated revenues and all other funds to be received during the fiscal year G.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. H.The City Manager has recommended the appropriations described in Sections 1 and 2 of this Ordinance and determined that the amount of each of these appropriations is available and previously unappropriated from the funds named in Sections 1 and 2 and will not cause the total amount appropriated in each such fund to exceed the current estimate of actual and anticipated revenues to be received in those funds during this fiscal year. —1— I.Article V,Section 11 of the City Charter authorizes the City Council to designate in the ordinance when appropriating funds,a federal,state or private grant or donation,that such appropriation shall not lapse at the end of the fiscal year in which the appropriation is made,but continue until the earlier of the expiration of the donation or the City’s expenditure of all funds received from such donation. J.The City Council wishes to designate the appropriation herein for various City Give donations as an appropriation that shall lapse at the end of this fiscal year, except for the appropriation from the Golf Fund for a golf scholarship,which shall be non- lapsing. K.These appropriations will serve the public purpose of providing additional revenue to each of the benefited service areas to aid them in accomplishing the public purposes for which each service area is established thereby benefitting the public’s health,safety and welfare. In light of the foregoing recitals,which the Council hereby makes and adopts as determinations and findings,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1.There is hereby appropriated from the following funds these amounts of philanthropic revenue held in prior year reserves to be expended as designated by the donors: Capital Projects Fund $2,800 General Fund $2,015 Section 2.There is hereby appropriated from the following funds these amounts of philanthropic revenue received in 2024 to be expended as designated by the donors: Capital Projects Fund $10,000 General Fund $14,920 Transportation Services Fund $1,500 Golf Fund $27,000 Section 3.As authorized in Article V,Section 11 of the City Charter,the appropriations herein for various City Give donations are hereby designated as appropriations that shall lapse at the end of this fiscal year;provided,however,that the appropriation herein from the Golf Fund for a golf scholarship donation is hereby designated as an appropriation that shall not lapse at the end of the fiscal year but shall -2- •6 S lerk continue until the earlier of the expiration of the donation or the City’s expenditure of all funds received from such donation. Introduced,considered favorably on first reading on May 7,2024,and approved on second reading for final passage on May 21,2024. ‘5/ ATTEST: Interim City ‘I / Effective Date:May 31,2024 Approving Attorney:Ryan Malarky