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HomeMy WebLinkAbout193 - 12/02/2025 - APPROPRIATING PRIOR YEAR RESERVES AND AUTHORIZINGORDINANCE NO.193,2025 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES AND AUTHORIZING TRANSFERS OF APPROPRIATIONS OF KEEP FORT COLLINS GREAT FUND RESIDUAL BALANCE A.On November 2,2010,City voters approved Ballot Issue No.2B (“Keep Fort Collins Great”or “KFCG”)increasing by 0.85%the City’s sales and use tax,from January 1,2011 until December 31,2020,for the purpose of raising revenue for street maintenance and repair,street and transportation needs,police services,fire protection and other emergencies services,parks maintenance and recreation services,and for community priorities as determined by Council. B.The KFCG ballot language did not expressly provide direction to the City on how any residual amounts may be used once the temporary tax period ended.Therefore, a residual amount of KFCG revenues of $193,938 remains in the KFCG Fund. C.This Ordinance will effectively close the KFCG Fund by transferring these revenues to other City funds with purposes consistent with those in the KFCG ballot language.Therefore,this appropriation benefits the public health,safety,and welfare of the residents of Fort Collins and serves the public purpose of efficient use of public funds, and the provision of transportation,emergency response,and parks and recreation services. D.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. E.The City Manager has recommended the appropriation described herein and determined that the funds to be appropriated are available and previously unappropriated from the KFCG Fund and that this appropriation will not cause the total amount appropriated in the KFCG 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. F.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. G.The City Manager has recommended the transfer of $193,938 from the KFCG Fund to the General Fund ($86,302),the Transportation Services Fund ($64,000), the Transit Services fund ($32,969),and the Recreation Fund ($10,667)and determined that the purpose for which the transferred funds are to be expended remains unchanged. 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 Keep Fort Collins Great Fund the sum of ONE HUNDRED NINETY-THREE THOUSAND NINE HUNDRED THIRTY-EIGHT DOLLARS ($193,938)to be expended in the KFCG Fund for transfer of fund residual to various city funds as follows: Transportation Services Fund $64,000 Transit services fund $32,969 General Fund $86,302 Recreation Fund $10,667 Introduced,considered favorably on first reading on November 18,2025,and approved on second reading for final passage on December 2,2025. ATTEST:P ityCf Effective Date:December 12,2025 Approving Attorney:Dianne Criswell Exhibit None