HomeMy WebLinkAbout109 - 09/03/2024 - MAKING SUPPLEMENTAL APPROPRIATIONS OF NEW REVENUE IN THE 2050 TAX PARKS REC TRANSIT OCF FUND FOR CONORDINANCE NO.109,2024
OF THE COUNCIL OF THE CITY OF FORT COLLINS
MAKING SUPPLEMENTAL APPROPRIATIONS OF NEW
REVENUE IN THE 2050 TAX PARKS REC TRANSIT OCF FUND
FOR CONSULTING WORK CONTRIBUTING TO THE
TRANSFORT OPTIMIZATION STUDY
A.Transfort is launching an Optimization Study in Fall 2024.The Study will in
part be used to develop a five-to-ten-year strategic plan for optimizing Transfort’s existing
resources to implement priorities outlined in the Transit Master Plan by evaluating and
comparing Transforts existing resources against national best practices.
B.The total cost of the Study is estimated at $310,000.Transfort and
FCMoves have identified $260,000 in existing funding to be applied toward the total cost.
C.This Ordinance appropriates the remaining $50,000 needed to support the
cost of consultant work for the Study,from the 2050 Tax Parks Rec Transit OCF Fund.
D.This appropriation benefits the public health,safety,and welfare of the
residents of Fort Collins and serves the public purpose of optimizing the efficient use of
transportation resources for the city.
E.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.
F.The City Manager has recommended the appropriation described herein
and determined that this appropriation is available and previously unappropriated from
the 2050 Tax Parks Rec Transit OCF Fund and will not cause the total amount
appropriated in 2050 Tax Parks Rec Transit OCF 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.
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 that there is hereby appropriated from new revenue or other funds in the
2050 Tax Parks Rec Transit OCF Fund the sum of FIFTY THOUSAND DOLLARS
($50,000)to be expended in the 2050 Tax Parks Rec Transit OCF Fund for the Transfort
Optimization Study.
Introduced,considered favorably on first reading on August 20,2024,and
approved on second reading for final passage on September 3,2024.
MayofPi~14en4
ATTEST:
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Effective Date:September 13,2024
Approving Attorney:Madelene Shehan