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HomeMy WebLinkAbout022 - 03/01/1988 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATED A ORDINANCE NO. 22, 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 FROM THE GENERAL 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, funds are available in the General Fund prior year reserves; and WHEREAS, under Section 22-137 of the City Code, the City must pay the assessment district from the General Fund the amount of the deferred assessment. 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 sum of TWENTY-SIX THOUSAND ONE HUNDRED SEVENTY-SEVEN DOLLARS ($26, 177) for transfer to the following funds: Special Improvement District #1 $ 1,802 Special Improvement District #67 $ 567 Special Improvement District #71 $10,717 Special Improvement District #74 $12,790 Surplus and Deficiency Fund $ 301 Section 2. That TWENTY-SIX THOUSAND ONE HUNDRED SEVENTY-SEVEN DOLLARS ($26, 177) is hereby transferred from the General Fund to the funds and in the amounts specified in Section 1 for payment of the deferred assessment . Introduced, considered favorably on first reading, and ordered published this 16th day of February, A.D. 1988, and to be presented for final passage on the 1st day of March, A.D. 198 Ma ATTEST: City Clerk Passed and adopted on final reading this 1st day of March, A.D. 1988. sy� Assistant Mayo ATTEST: (� cam, �tm City Clerk