HomeMy WebLinkAbout117 - 11/17/1992 - IDENTIFYING INCREASES IN RESERVES FOR 1992 AND APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED R ORDINANCE NO. 117, 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
IDENTIFYING INCREASES IN RESERVES FOR
FISCAL YEAR 1992 AND APPROPRIATING PRIOR
YEAR RESERVES AND UNANTICIPATED REVENUE
IN VARIOUS CITY FUNDS AND AUTHORIZING THE
TRANSFER OF APPROPRIATED AMOUNTS BETWEEN FUNDS
WHEREAS, the City wishes to identify any increase(s) in fund balances
(reserves) which have occurred during the Fiscal Year 1992; and
WHEREAS, the fund balances of all City funds at the end of Fiscal Year 1991
are identified in Schedule "A," attached hereto; and
WHEREAS, Article V, Section 7 of the Charter of the City of Fort Collins,
("the Charter") 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 14 of the Charter authorizes the City Council ,
after expiration of eight (8) months of the budget year, to appropriate by
ordinance any actual revenue realized in excess of budget estimates to any
purpose recommended by the City Manager; and
WHEREAS, Article V, Section 14 of the Charter authorizes the City Council
to appropriate by ordinance unanticipated revenue received as a result of rate
or fee increases or new revenue sources at any time during the year; and
WHEREAS, Article V, Section 14 of the Charter also authorizes the City
Council to transfer by ordinance any unexpended appropriated amounts or portion
thereof from one fund to another upon the recommendation of the City Manager,
provided that the purpose for which the transferred funds are to be expended
remains unchanged or the purpose for which the funds were initially appropriated
no longer exists; and
WHEREAS, the City has prior year reserves, excess revenue, and
unanticipated revenue available to appropriate; and
WHEREAS, the City wishes to provide for the expenditures listed below and
the City Manager recommends that these expenditures be made.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1 . That the fund balances of all City funds at the end of Fiscal
Year 1991 , as identified in the City of Fort Collins Comprehensive Annual
Financial Report, shall be considered as "reserves accumulated in prior years"
within the meaning of the Charter and will be used as the base upon which any
increase(s) in such reserves will be calculated for Fiscal Year 1992.
Section 2. That the following funds are hereby authorized for transfer
and appropriated for expenditure for the purposes stated below:
A. GENERAL FUND
1 . From: Unanticipated Revenue $41,893
From: Transfer from Self Insurance Fund $6,437
For: Police Services $48,330
2. From: Unanticipated Revenue $57,233
For: Transfer to Capital Projects Fund $57,233
3. From: Unanticipated Revenue $7,975
For: ICS Expenses $7,975
4. From: Unanticipated Revenue $7,550
For: Forestry Maintenance Expenses $7,550
5. From: Unanticipated Revenue $580
For: Forestry Expenses $580
6. From: Unanticipated Revenue $457
For: Forestry Expenses $457
7. From: Unanticipated Revenue $3,080
For: Planning Expenses $3,080
8. From: Unanticipated Revenue $2,375
For: Employee Development Training $2,375
9. From: Unanticipated Revenue $4,000
For: Planning Expenses $4,000
10. From: Unanticipated Revenue $1 , 100
For: Facility Maintenance $1 , 100
11 . From: Unanticipated Revenue $2,000
For: Engineering Expenses $2,000
12. From: Unanticipated Revenue $117
For: Engineering Expenses $117
13. From: Transfer from Self Insurance $1,530
For: Engineering Expense $1,530
14. From: Unanticipated Revenue $1 ,513
For: Parks Maintenance Expense $1,513
15. From: Transfer from Self Insurance $339
For: Parks Maintenance Expense $339
B. FIRE FIGHTERS' PENSION FUND
1 . From: Prior Year Reserves $5,000
For: Professional Services $5,000
C. SALES AND USE TAX FUND
1 . From: Unanticipated Revenue $2,212,982
For: Transfer to General Fund $1,750, 114
For: Transfer to Debt Service Fund 20,000
For: Transfer to 0.25 Cent Choices 95 Capital 235,234
For: Transfer to 0.25 Cent Street Capital 191,023
For: Transfer to Transportation-Streets 16,611
D. SPECIAL ASSESSMENTS DEBT SERVICE FUND
1 . From: Unanticipated Revenue $500,000
For: Principal and Interest Payments $500,000
E. CAPITAL PROJECTS FUND
1 . From: Transfer from General Fund $57,233
For: Facility Maintenance Projects $57,233
2. From: Unanticipated Revenue $1,210
For: Concrete Improvement Program $1,210
3. From: Transfer from Self Insurance $372
For: Minor Streets $372
4. From: Unanticipated Revenue $6,500
For: 630 South Sherwood Improvements $6,500
5. From: Unanticipated Revenue $30,000
For: Downtown Railroad Track Consolidation Project $30,000
F. EQUIPMENT FUND
1 . From: Prior Year Reserves $45,000
For: Equipment Fund Expenses $45,000
G. SELF INSURANCE FUND
1 . From: Existing Appropriations $9,805
For: Transfer to General Fund $2, 153
For: Transfer to Wastewater Fund $243
For: Transfer to Transportation Fund $2,835
For: Transfer to Light & Power Fund $1,839
For: Transfer to Transit Services Fund $2,735
2. From: Existing Appropriations $19,722
For: Transfer to General Fund $8,240
For: Transfer to Transportation Services Fund $6,652
For: Transfer to Capital Projects Fund $372
For: Transfer to Transit Services Fund $604
For: Transfer to Equipment Fund $3,423
For: Transfer to Storm Drainage Fund $271
For: Transfer to Recreation Fund $160
H. COMMUNICATIONS FUND
1 . From: Unanticipated Revenue $22,000
From: Prior Year Reserves $63,000
For: Communications Fund/Telephone Expenditures $85,000
2. From: Prior Year Reserves $6,000
For: Communications Fund/Automated Citizen Information $6,000
3. From: Prior Year Reserves $45,000
For: Communications Fund/Telephone Expenditures $45,000
I . CULTURAL SERVICES & FACILITIES FUND
1 . From: Unanticipated Revenue $403
For: Cultural Services & Facilities Fund/Lincoln Center $403
2. From: Prior Year Reserves $12,000
For: Cultural Services & Facilities Fund/Lincoln Center $12,000
J. COMMUNITY DEVELOPMENT BLOCK GRANT
1 . From: Unanticipated Revenue $40,000
For: CDBG Rental Rehabilitation Program Expenditures $40,000
K. TRANSPORTATION SERVICES FUND - TRANSPORTATION DIVISION
1 . From: Prior Year Reserves $25,997
For: Transportation Division/Laporte Lot $25,997
2. From: Prior Year Reserves $1,800
For: Transportation Division/Cruising Expenditures $1 ,800
3. From: Unanticipated Revenue $6,652
For: Transportation Division Expenditures $6,652
L. RECREATION FUND
1 . From: Prior Year Reserves $3,000
For: Recreation Fund/Adult Sports $3,000
2. From: Prior Year Reserves $1,300
For: Recreation Fund/NACC $1,300
3. From: Prior Year Reserves $1,000
For: Recreation Fund/The Farm $1,000
4. From: Prior Year Reserves $200
For: Recreation Fund/The Farm $200
5. From: Prior Year Reserves $400
For: Recreation Fund/The Farm $400
6. From: Prior Year Reserves $84,000
For: Recreation Fund Program Expenditures $84,000
M. GOLF FUND
1 . From: Prior Year Reserves $50,000
For: Capital Expense $10,000
For: Transfer to SouthRidge Golf Fund $40,000
N. STORM DRAINAGE FUND
1 . From: Prior Year Reserves $8,000
For: Storm Drainage Expenses $8,000
0. DOWNTOWN DEVELOPMENT AUTHORITY CAPITAL PROJECTS FUND
1 . From: Unanticipated Revenue $120,000
For: Transfer to DDA 0&M Fund $120,000
P. DOWNTOWN DEVELOPMENT AUTHORITY O&M FUND
1 . From: Transfer From DDA Capital Projects Fund $35,000
For: Minor Projects - Pitner Building Facade $35,000
Introduced, considered favorably on first reading, and ordered published
this 3rd day of November, A.D. , 1992, and to be presented for final passage on
the 17th day of November, A.D. , 1992.
bMyor",Y-
ATTEST:
City C k`
Passed and adopted on final reading this 17th day of November, A.D. 1992.
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Mayor
ATTEST:
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