HomeMy WebLinkAbout012 - 02/02/1988 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATED A ORDINANCE NO. 12, 1988
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATED AMOUNTS
TO THE TRANSPORTATION SERVICES FUND
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 transfer unexpended, appropriated
amounts from one fund to another; and
WHEREAS, the City's 1987 Maintenance, Mitigation and Improvement funds
were not spent in 1987 and lapsed into the Lodging Tax reserve at year end;
and
WHEREAS, the City wishes to provide for the expenditures listed below
and feels they are an appropriate use of 1987 Tourism Maintenance,
Mitigation and Improvement funds.
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 FIFTY-FOUR
THOUSAND THREE HUNDRED THIRTY DOLLARS ($54,330) for the following:
a) Special events projects as they are identified, $19,330;
b) Transfer to the Transportation Services Fund, $35,000;
Section 2. That the sum of THIRTY-FIVE THOUSAND DOLLARS ($35,000) is
hereby transferred from the General Fund to the Transportation Services
Fund and appropriated for expenditure in the Transportation Services Fund
for street signage improvements.
Introduced, considered favorably on first reading, and ordered
published this 19th day of January, A.D. 1988, and to be presented for
final passage on the 2nd day of February, A.D. 198 .
ATTEST:
City Clerk
1988. Passed and adopted on final reading this 2nd day of February, A.D.
Flayor�
ATTEST:
�a
City Clerk