HomeMy WebLinkAbout070 - 06/04/2024 - CORRECTING ORDINANCE NO. 003, 2024, AUTHORIZING TRANSFERS AND REAPPROPRIATING FUNDS PREVIOUSLY APPROORDINANCE NO.070,2024
OF THE COUNCIL OF THE CITY OF FORT COLLINS
CORRECTING ORDINANCE NO.003,2024,AUTHORIZING
TRANSFERS AND REAPPROPRIATING FUNDS PREVIOUSLY
APPROVED FOR THE UTILITIES’GRID FLEXIBILITY PROGRAMS
A.City Council authorized expenditures in the 2023/2024 City Budget for
purposes in the Light and Power Fund,portions of which were not spent or encumbered
in 2023 and are not anticipated to be spent in 2024 due to changes in technology related
to certain projects.
B.Utilities staff determined that unspent and unencumbered amounts applied
to ongoing grid flexibility efforts described in approved 2023/2024 Budget Offers could be
more effectively repurposed to pursue use of similar technologies and result in similar
outcomes as described in the subject Offers.
C.On February 6,2024,City Council adopted on second reading Ordinance
No.003,2024,reappropriating and redeploying certain amounts Utilities staff determined
were available and unencumbered.
D.Since Council’s adoption of Ordinance No.003,2024,City Budget staff
identified that Section 1 of the Ordinance incorrectly indicated the total unexpended and
unencumbered amount of Three Hundred Ninety-Eight Thousand Nine Hundred Eighty-
five dollars ($398,985),was authorized for transfer from the Light and Power Fund Water
Heater and Communication Protocol Project Budgets.
E.Budget staff identified a project budget within the Water Heater and
Communication Protocol Project Budgets in the amount of Two Hundred Thousand
dollars ($200,000)lapsed at the end of fiscal year 2023,and therefore was not available
for transfer directly from the identified project fund.
F.The purpose of this Ordinance is to split the amounts described in Section
1 of Ordinance No.003,2024,into separate fund allocations:items referencing the use
of prior-year funds in the Light and Power Fund Water Heater and Communication
Protocol Project Budgets,and another referencing the use of prior-year reserves in the
Light and Power Fund.
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.Section 1 of Ordinance No.003,2024,is hereby replaced in its
entirety to read as follows:
Section 1.The unexpended and unencumbered appropriated amount of
ONE HUNDRED FORTY-EIGHT THOUSAND NINE HUNDRED EIGHTY-FIVE
DOLLARS (148,985)and FIFTY THOUSAND DOLLARS ($50,000)respectively,
totaling ONE HUNDRED NINETY-EIGHT THOUSAND NINE HUNDRED EIGHTY
FIVE DOLLARS ($198,985),is authorized for transfer from the Light and Power
Fund Water Heater and Communication Protocol Project Budgets,and for the
following purposes and appropriated therein to be expended for Utilities Grid
Flexibility programs projects as follows:
•Light and Power Fund Ongoing Demand Response $91,202
•Thermostat Program $107,783
GRID FLEXIBILITY PROGRAM TOTAL:$198,985
Section 2.Section 2 of Ordinance No.003,2024,is hereby replaced in its
entirety to read as follows:
Section 2.There is hereby appropriated from prior year reserves in the
Light and Power Fund the sum of TWO HUNDRED THOUSAND DOLLARS
($200,000)to be expended in the Light and Power Fund for Utilities Grid Flexibility
programs projects.
Section 3.A new Section is hereby added to Ordinance No.003,2024,to read
as follows:
Section 3.The appropriation herein for Grid Flexibility Program projects
is hereby designated,as authorized in Article V,Section 11 of the City Charter,as
an appropriation that shall not lapse at the end of this fiscal year but continue until
the completion of the projects.
Introduced,considered favorably on first reading on May 21,2024,and approved
on second reading for final passage on June 4,2024.
ATTEST:
Interim City Clerk
Effective Date:June 14,2024
Approving Attorney:Cyril Vidergar