HomeMy WebLinkAbout170 - 12/19/2000 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND, THE STREET OVERSIZING FUND, GENERAL EMPLOYEES ORDINANCE NO. 170, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND,
THE STREET OVERSIZING FUND, GENERAL EMPLOYEE'S RETIREMENT FUND, AND
THE CULTURAL SERVICES AND FACILITIES FUND
WHEREAS,during an administrative review of the City's encumbrances, in preparation for
closing the fiscal year 2000, it was found that encumbrances in the amount of $45,460 were not
recorded properly in 2000; and
WHEREAS, 1999 encumbrances in the amount of$45,460 were carried forward to 2000,but
the corresponding appropriations were not carried forward to 2000; and
WHEREAS,these appropriations were added to the reserves of the corresponding City funds
and are available for appropriation; and
WHEREAS,appropriations in the amount of$45,460 are needed by the departments in 2000
to offset the encumbrances carried forward from 1999 to 2000; and
WHEREAS, appropriations in the amount of$500,000 from prior year reserves are needed
by the General Employee's Retirement Plan Fund to cover the cost of lump-sum distributions
requested by members in 2000; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins permits the City
Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as
may be available from reserves accumulated in prior years,notwithstanding that such reserves were
not previously appropriated.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of EIGHTEEN THOUSAND EIGHT HUNDRED EIGHT DOLLARS
($18,808) for City Administration and Library Administration expenses.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in the
Street Oversizing Fund the total sum of TEN THOUSAND ONE HUNDRED FIFTY-TWO
DOLLARS ($10,152) for Traffic Signal Projects.
Section 3. That there is hereby appropriated for expenditure from prior year reserves in the
Cultural Services and Facilities Fund the total sum of SIXTEEN THOUSAND FIVE HUNDRED
DOLLARS ($16,500) for the construction of a storage area.
Section 4. That there is hereby appropriated for expenditure from prior year reserves in the
General Employees Retirement Plan Fund, the total sum of FIVE HUNDRED THOUSAND
DOLLARS ($500,000) for Retirement Plan payments.
Introduced, considered favorably on first reading, and ordered published this 21st day of
November, A.D. 2000, and to be presented for final passage on the 19th day of December, A.D.
2000.
i'
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 19th day of December, A.D. 2000.
Mayor r
ATTEST:
City Clerk