HomeMy WebLinkAbout049 - 04/21/1987 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATED A ORDINANCE NO. 49, 1987
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING PRIOR YEAR RESERVES
IN THE GENERAL FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATED
AMOUNTS FROM THE GENERAL FUND TO THE CAPITAL PROJECTS FUND
WHEREAS, the City wishes to provide for the expenditures listed below
which will improve our service to the public and provide a safe environment
for our employees; and
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 Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to transfer unexpended, appropriated
amounts from one fund to another upon the recommendation of the City
Manager, provided that the purpose for the initial expenditure of said
funds no longer exists; and
WHEREAS, prior year reserves exist in the General Fund and are
sufficient to cover this appropriation and transfer of funds for
expenditure as herein provided and to maintain required reserve balances;
and
WHEREAS, the City Manager has reviewed and recommended the transfer of
a portion of said reserves to the Capital Projects Fund and the initial
appropriation of said funds has lapsed, so that the same can no longer be
expended for their original purpose.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1. That there is hereby appropriated for expenditure from
prior year reserves in the General Fund the total sum of SEVENTY-ONE
THOUSAND DOLLARS ($71,000) for transfer to the Capital Projects Fund.
Section 2. That SEVENTY ONE THOUSAND DOLLARS ($71,000) is hereby
transferred from the General Fund to the Capital Projects Fund, and
appropriated for expenditure in the Capital Projects Fund for the Asbestos
Removal Project.
Introduced, considered favorably on first reading, and ordered
published this 17th day of March, A.D. 1987, and to be presented for final
passage on the 21st day of April , A.D. 1987.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21st day of April , A.D. 1987.
Mayor
ATTEST:
City Clerk