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Home My WebLink About114 - 11/17/1992 - RELATING TO ANNUAL APPROPRIATIONS AND ADOPTING THE 1993 BUDGET AND FIXING THE MILL LEVY ORDINANCE NO. 114, 1992 BEING THE ANNUAL APPROPRIATION ORDINANCE RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 1993 AND ENDING DECEMBER 31, 1993, AND FIXING THE MILL LEVY FOR SAID FISCAL YEAR WHEREAS, the City Manager has, prior to the first Monday in September, 1992, submitted to the Council a proposed budget for the next ensuing budget year, along with an explanatory and complete financial plan for each fund of the City, pursuant to the provisions of Article V, Section 2, of the City Charter; and WHEREAS, within ten (10) days after the filing of said budget estimate, the Council set September 15 and October 6, 1992, as the dates for public hearings thereon and caused notice of such public hearings to be given by publication pursuant to Article V, Section 3, of the City Charter; and WHEREAS, the public hearings were held on said dates and all persons were then afforded an opportunity to appear and object to any or all items and estimates in the proposed budget; and WHEREAS, Article V, Section 4, of the City Charter requires that, prior to the last day of November of each year, the City Council shall adopt the budget for the ensuing fiscal year and appropriate such sums of money as the Council deems necessary to defray all expenditures of the City during the ensuing budget year; and WHEREAS, Article V, Section 5, of the City Charter provides that the Annual Appropriation Ordinance shall also fix the tax levy upon each dollar of the assessed valuation of all taxable property within the City, such levy representing the amount of taxes for City purposes necessary to provide for payment during the ensuing budget year of all properly authorized expenditures to be incurred by the City, including interest and principal of general obligation bonds; and WHEREAS, on September 1, 1992, the City Council adopted a resolution referring a citizen initiated ordinance concerning a one-quarter (1/4) cent sales and use tax for acquisition, construction, enhancement and maintenance of trail systems, wildlife habitat, and other natural areas, to a vote at a Special Election held in conjunction with the General Election on November 3, 1992; and WHEREAS, said citizen initiated ordinance was approved by the citizens of Fort Collins at the November 3, 1992 Special Election; and WHEREAS, the revenues generated as a result of said voter approved initiative must be maintained within a separate fund and the appropriation of said funds should be included in the 1993 budget; and WHEREAS, Article V, Section 25, of the Charter of the City of Fort Collins states that funds may be created for any purpose by ordinance provided that the source of revenue and the purposes and manner of expenditures are specified. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS: Section 1 . Creation of a New Fund. a. That there is hereby created a separate fund to account for the revenue generated by the 0.25 cent sales and use tax created by the citizen initiated ordinance approved by the voters at a special election on November 3, 1992. This fund shall be known as the 1/4 Cent Natural Areas Project Fund and will be a new fund within the Capital Projects Fund. Revenues for this fund shall include revenues generated by the 0.25 cent sales and use tax and any interest earnings accumulated on those revenues. Expenditures shall be made only for the acquisition, construction, enhancement, management and maintenance of trail systems, wildlife habitat and other natural areas to benefit the citizens of the City of Fort Collins. In addition the revenues accrued may be used by the City for the purchase of such water rights as deemed necessary or desirable to maintain or enhance the natural characteristics of areas acquired. Section 2. Budget. a. That the City Council has reviewed the City Manager's 1993 Recommended Budget, a copy of which is on file with the office of the City Clerk, and has approved certain amendments thereto. b. That the City Manager's 1993 Recommended Budget, as amended by the Council , is hereby adopted in accordance with the provisions of Article V, Section 4, of the City Charter and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the City Manager to reflect actual revenues and expenditures for the fiscal year 1992 and/or revised projections for the fiscal years 1994 through 1997. C. That the adopted budget, as amended, shall be maintained in the office of the City Clerk and identified as The Budget for the City of Fort Collins for the Fiscal Year Ending December 31, 1993, as Adopted by the City Council on November 17, 1992. Section 3. Appropriations. That there be, and hereby is, appropriated out of the revenues of the City of Fort Collins, for the fiscal year beginning January 1 , 1993, and ending December 31, 1993, the sum of TWO HUNDRED TWENTY-TWO MILLION, EIGHT HUNDRED FIFTY-TWO THOUSAND, FIVE HUNDRED FIFTY DOLLARS ($222,852,550) to be raised by taxation and otherwise, which sum is deemed by Council to be necessary to defray all expenditures of the City during said budget year, to be divided and appropriated for the following purposes, to wit: TOTAL GENERAL FUND $44,765,736 Enterprise Funds Golf Fund 1,684,684 Light & Power Fund 49,688,826 Storm Drainage 2,202,398 Capital : Canal Importation Basin 130,300 Dry Creek Basin 51,000 Foothills Basin 852,000 Fossil Creek Basin 50,000 McClelland/Mail Creek Basin 1,335,000 Poudre River Master Plan 50,000 Spring Creek Basin 286,500 West Vine Basin 20,500 Wastewater 12,182,517 Capital : Automated Mapping 70,000 East Swallow Sewer 60,000 Sludge Disposal Improvements 400,000 Spring Creek Relief Sewer 50,000 Treatment Plan Expansion 650,000 Water 16,588,740 Capital : Automated Mapping 70,000 Meter Conversion Program 430,000 Southwest System Improvements 790,000 Water Treatment Development 100,000 Water Treatment Expansion 200,000 TOTAL ENTERPRISE FUNDS $87,942,465 Internal Service Funds Benefits 4,956,207 Communications 2,384, 163 Equipment 2,892,093 Self Insurance 2,795,587 TOTAL INTERNAL SERVICE FUNDS $13,028,050 Special Revenue and Debt Service Funds Cemetery Fund $ 399,330 Cultural Services & Facilities 1,695,228 Debt Service 4,119,913 General Employees' Retirement 707,000 Perpetual Care 66,350 Recreation 3,622,246 Rockwell Ranch 1,600 Sales & Use Tax 36,138,432 Special Assessments Debt Service 2,561,140 Street Oversizing 1,280,000 Transit Services 4, 181,831 Transportation Services 5,814,958 TOTAL SPECIAL REVENUE & DEBT SERVICE FUNDS $60,588,028 CAPITAL IMPROVEMENT FUNDS General City Capital Administration - Transfer to General Fund $ 18,607 Minor Street Capital 217,485 Concrete Program 103,743 Pedestrian Access Ramps 24,581 ADA Compliance/Disabled Accessibility 50,000 Major Building Maintenance 700,000 Streets Facility 350,000 Block 31 Maintenance 29,000 Airport Maintenance 60,000 Harmony Road Improvements 70,100 North College Bike/Pedestrian Path 280,000 TOTAL GENERAL CITY CAPITAL $ 1,903,516 General City Capital - 1/4 Cent Choices 95 Administration - Transfer to General Fund $ 49, 155 Prospect/College Intersection 460,000 Prospect/Shields Intersection 90,000 Shields, Laurel to Prospect 361,000 Older Adult Center 4,189,500 TOTAL GENERAL CITY CAPITAL - 1/4 CENT CHOICES 95 $ 5,149,655 General City Capital - Street Maintenance Administration/Transfer to General Fund $ 45,893 Street Overlays & Seal Coats 3,368,446 TOTAL GENERAL CITY CAPITAL - STREET MAINTENANCE $ 3,414,339 TOTAL GENERAL CITY CAPITAL -1/4 CENT NATURAL AREAS $ 2,467,318 Conservation Trust Administration $ 133,948 Fossil Creek Trail 10,000 Natural Areas 200,000 Open Space & Trails Maintenance 37,456 Other Open Space 100,000 Trail Acquisition, Development & Repair 270,000 TOTAL CONSERVATION TRUST $ 751,404 Parkland Fund Administration $ 120,630 Greenbriar Park 50,000 Landings Park Restroom 60,000 New Park Site Acquisition 175,000 New Park Site Development 175,000 Park Site Equipment & Plantings 50,000 TOTAL PARKLAND FUND $ 630,630 TOTAL CITY FUNDS $220,641,141 Fire Fighters' Pension Fund $ 2,211,409 TOTAL ALL FUNDS $222,852,550 Section 4. Mill levy. a. That the 1993 mill levy rate for the taxation upon each dollar of the assessed valuation of all the taxable property within the City of Fort Collins as of December 31 , 1992, shall be 9.797 mills, which levy represents the amount of taxes for City purposes necessary to provide for payment during the aforementioned budget year of all properly authorized expenditures to be incurred by the City, including interest and principal of general obligation bonds. Said mill levy shall be distributed as follows: General Fund 0 & M 1.483 Parks 0 & M .924 Poudre Fire Authority Contribution 5.177 Fire Pension Fund (General Fund Unfunded Liability) . 133 Parks Debt Service 1 .080 Poudre Fire Authority - Capital 1 .000 TOTAL 9.797 b. The City Clerk shall certify this levy of 9.797 mills to the County Assessor and the Board of Commissioners of Larimer County, Colorado, in accordance with the applicable provisions of law, as required by Article V, Section 5, of the Charter of the City of Fort Collins. Introduced, considered favorably on first reading, and ordered published this 20th day of October, A.D. 1992, and to be presented for final passage on the 17th day of November, A.D. 1992. ayor A✓TTTT�EEST: City CItIrk Passed and adopted on final reading this 17th day of November, A.D. 1992. 1 //Gfj M ya' o"r ATTEST:)2�1 � City C ``—��