HomeMy WebLinkAbout164 - 12/06/1988 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN VARIOUS CITY FUNDS AND AUTHORIZING TH ORDINANCE NO. 164, 1988
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE
IN VARIOUS CITY FUNDS AND AUTHORIZING THE TRANSFER OF
APPROPRIATED AMOUNTS BETWEEN FUNDS
WHEREAS, Article V, Section 8, of the Charter of the City of Fort
Collins authorizes the City Council to provide by ordinance for payment of
any expense from prior year reserves at any time such reserves are
available; and
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to appropriate unanticipated revenue
received at any time during the year and to transfer unexpended,
appropriated amounts from one fund to another upon the recommendation of
the City Manager, provided that the purpose of the initial expenditure of
said funds no longer exists; and
WHEREAS, the City has prior year reserves and unanticipated revenue
available to appropriate; and
WHEREAS, the City wishes to provide for the expenditures listed below.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the following funds are hereby authorized for transfer and
appropriated for expenditure in the City:
1 . General Fund
From: Prior Year Reserves $538,000
For: Transfer to Street Oversizing Fund $538,000
2. Capital Projects Fund
From: Prior Year Reserves $286,000
For: Transfer to Street Oversizing $286,000
3. Street Oversizing Fund
From: Transfer from Capital Projects $286,000
For: Payment of SID #78 Note $286,000
Introduced, considered favorably on first reading, and ordered
published this 15th day of November, A.D. 1988, and to be presented for
final passage on the 6th day of December, A.D. 1988.
Mayor
,ATTEST-
a
"-
City Clerk
Passed and adopted on final reading this 6th day of December, A.D.
1988.
Mayor
ATTEST:
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