HomeMy WebLinkAbout047 - 04/01/2025 - APPROPRIATING PRIOR YEAR RESERVES IN THE PARKING FUND FOR HOURLY EXPENSESORDINANCE NO.047,2025
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE PARKING
FUND FOR HOURLY EXPENSES
A.The City’s Parking Services has historically budgeted salaries for hourly
positions during the City’s annual Budgeting for Outcomes (“BFO”)process.
B.During the 2025/2026 BFO process,hourly salaries for Parking Services
were omitted in error.
C.Parking Services’hourly budget for the 2025 fiscal year is equal to Parking
Services’hourly spend during the 2024 fiscal year with a 3.5 percent inflationary factor.
D.The budget shortfall is $108,306.
E.These funds are available from the Parking Services Fund prior year
reserves.
F.This appropriation benefits the public health,safety,and welfare of the
residents of Fort Collins and serves the public purpose of funding the salary
compensation of the City’s Parking Services staff.
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 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.
H.The City Manager has recommended the appropriation described herein
and determined that the funds to be appropriated are available and previously
unappropriated from the Parking Fund and that this appropriation will not cause the total
amount appropriated in the Parking 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 prior year reserves in the Parking
Services Fund the sum of ONE HUNDRED EIGHT THOUSAND THREE HUNDRED SIX
DOLLARS:($108,306)to be expended in the Parking Services Fund for Parking Services
Hourly Expenses.
Introduced,considered favora y on irs rea ing on March 18,2025,and approved
on second reading for final passage on April 1,2025.
CkQ~/
AHEST:
c;iiiccy —___-A
Effective Date:April
Approving Attorney:
11,2025
Madelene Shehan