HomeMy WebLinkAbout094 - 07/07/1987 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS ORDINANCE NO. 94 , 1987
JF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING UNANTICIPATED REVENUE AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS
IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 15 of the Charter of the City of Fort
Collins permits the Council to appropriate unanticipated revenue at any
time during the year in which such revenue is received and to transfer
appropriated amounts from one project to another project; and
WHEREAS, the City will receive federal Community Development Block
Grant (CDBG) funds totalling $685,000; and
WHEREAS, funds are also available from anticipated CDBG program income
totalling $50,000 and appropriated CDBG program contingency in the amount
of $99,614; and
WHEREAS, Resolution 87- (_11 adopted the 1987-88 Community Development
Block Grant Program.
NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1 . That there is hereby appropriated for expenditure from
unanticipated revenue in the Community Development Block Grant Fund the sum
of SEVEN HUNDRED THIRTY FIVE THOUSAND DOLLARS ($735,000) .
Section 2. That the transfer of existing program appropriations in
the amount of NINETY NINE THOUSAND SIX HUNDRED AND FOURTEEN DOLLARS
($99,614) be authorized for transfer to the approved Community Development
Block Grant projects.
Introduced, considered favorably on first reading, and ordered
published this 2nd day of June, A.D. 1987, and to be presented for final
passage on the 7th day of July, A.D. 1987.
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ATTEST:
City Clerk
Passed and adopted on final reading this 7th day of July, A.D. 1987.
a1N you
ATTEST:
City clerk