HomeMy WebLinkAbout058 - 04/15/2025 - AUTHORIZING TRANSFERS OF APPROPRIATIONS FROM BROADBAND OPERATING FUNDS TO CAPITAL PROJECTORDINANCE NO.058,2025
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING TRANSFERS OF APPROPRIATIONS FROM
BROADBAND OPERATING FUNDS TO CAPITAL PROJECT
ACCOUNTS
A.Connexion,the Broadband utility owned and operated by the City of Fort
Collins is requesting that existing 2025 appropriations to the Broadband operating fund
by City Council be transferred to Broadband capital accounts.
B.The previously authorized operating expenditures are not expected to be
spent in 2025.Connexion video product sales,marketing and other operating efficiencies
exist resulting in expected underspend in 2025.
C.This appropriation benefits the public health,safety,and welfare of the
residents of Fort Collins and serves the public purpose of funding additional installations
for single-family homes and multi-dwelling units.
D.Article V,Section 10 of the City Charter authorizes the City Council,upon
recommendation by the City Manager,to transfer by ordinance any unexpended and
unencumbered appropriated amount or portion thereof from one fund or capital project to
another fund or capital project,provided that the purpose for which the transferred funds
are to be expended remains unchanged,the purpose for which the funds were initially
appropriated no longer exists,or the proposed transfer is from a fund or capital project in
which the amount appropriated exceeds the amount needed to accomplish the purpose
specified in the appropriation ordinance.
E.The City Manager has recommended the transfer of $1,400,000 from the
Broadband Operating Budget in the Broadband Fund to the Broadband Capital Project
Budget in the Broadband Fund and determined that the purpose for which the funds were
initially appropriated no longer exists.
F.Article V,Section 11 of the City Charter authorizes the City Council to
designate in the ordinance when appropriating funds for a capital project,that such
appropriation shall not lapse at the end of the fiscal year in which the appropriation is
made but continue until the completion of the capital project.
G.The City Council wishes to designate the appropriation herein for the
Broadband installation project as an appropriation that shall not lapse until the completion
of the project.
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.The unexpended and unencumbered appropriated amount of ONE
MILLION FOUR HUNDRED THOUSAND DOLLARS ($1,400,000)is authorized for
transfer from the Broadband Operating Budget in the Broadband Fund to the Broadband
Project Budget in the Broadband Fund and appropriated therein to be expended for the
Broadband installation project.
Section 2.The appropriation herein for the Broadband installation project 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 project.
Introduced,considered favorably on first reading on April 1,2025,and approved
on second reading for final passage on April 15,2025.
Mayor
ATrEST:
iCI
Effective Date:April 25,2025
Approving Attorney:Yvette Lewis-Molock