The URL can be used to link to this page

Home My WebLink About122 - 11/02/1993 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN VARIOUS CITY FUNDS FOR 1993 ORDINANCE NO. 122, 1993 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN VARIOUS CITY FUNDS AND AUTHORIZING THE TRANSFER OF APPROPRIATED AMOUNTS BETWEEN FUNDS AND IDENTIFYING INCREASES IN RESERVES FOR FISCAL YEAR 1993 WHEREAS, the City wishes to identify any increase(s) in fund balances (reserves) which have occurred during the Fiscal Year 1993; and WHEREAS, the fund balances of all City funds at the end of Fiscal Year 1992 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, transfers from one fund to another fund are of funds that were appropriated for a purpose that no longer exists or that remains unchanged; 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 1992, 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 increases(s) in such reserves will be calculated for Fiscal Year 1993. 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 $54,173 For: Police Services $54,173 2. From: Unanticipated Revenue $38,000 For: Facilities Maintenance $38,000 3. From: Unanticipated Revenue $2,917 For: CLRS-Administration Fourth of July Expenses $2,917 4. From: Unanticipated Revenue $1,045 For: Employee Development Training $1,045 5. From: Unanticipated Revenue $6,547 For: Right-of-Way $6,547 6. From: Unanticipated Revenue $1,380 For: Natural Resources $1,380 7. From: Unanticipated Revenue $12,000 For: ZILCH Air Quality Loans $12,000 8. From: Reserve for Productivity Savings $26,781 For: Forestry $ 777 CLRS-Administration 2,004 Facilities 15,000 Geographic Information Systems 9,000 9. From: Facilities Maintenance Reserve $31,190 For: Transfer to Transit Services Fund $31,190 B. SALES AND USE TAX FUND 1. From: Unanticipated Revenue $1,063,997 For: Transfer to General Fund $ 801,546 For: Transfer to 0.25 Cent Choices 95 Capital 145,323 For: Transfer to 0.25 Cent Street Capital 107,757 For: Transfer to Transportation-Streets 9,371 C. DEBT SERVICE FUND 1. From: Transfer from Transportation Fund $352,228 For: Principal and Interest Payments $352,228 D. SELF INSURANCE FUND 1. From: Existing Appropriations $9,210 For: Transfer to General Fund $5,123 For: Transfer to Light & Power Fund 2,901 For: Transfer to Transit Services Fund 928 For: Transfer to Equipment Fund 258 2. From: Transfer from Self Insurance Fund $5,123 For: General Fund - Police Services $3,558 For: General Fund - Parks 1,523 For: General Fund - Building Inspection 42 3. From: Existing Appropriations $16,747 For: Transfer to General Fund $11,466 For: Transfer to Transportation Fund 1,011 For: Transfer to Capital Projects Fund 150 For: Transfer to Transit Services Fund 2,307 For: Transfer to Equipment Fund 447 For: Transfer to Recreation Fund 1,366 4. From: Transfer from Self Insurance Fund $13,993 For: General Fund - Police Services $9,071 For: General Fund - Parks 420 For: General Fund - Forestry 1,610 For: General Fund - Planning 365 For: Capital Projects Fund - Minor Street Capital 150 For: Transportation Fund - Transportation Division 1,011 For: Recreation Fund 1,366 E. CULTURAL SERVICES & FACILITIES FUND 1 . From: Unanticipated Revenue $1,044 For: Cultural Services & Facilities Fund/Lincoln Center $1,044 2. From: Prior Year Reserves $25,101 For: Cultural Services & Facilities Fund/Lincoln Center $25,101 3. From: Unanticipated Revenue $7,651 For: Cultural Services & Facilities Fund/Lincoln Center $7,651 4. From: Unanticipated Revenue $10,100 For: Cultural Services & Facilities Fund/Lincoln Center $10, 100 5. From: Unanticipated Revenue $7,963 For: Cultural Services & Facilities Fund/Museum $7,963 6. From: Unanticipated Revenue $2,500 For: Cultural Services & Facilities Fund/Museum $2,500 F. TRANSPORTATION FUND - TRANSPORTATION DIVISION 1. From: Prior Year Reserves $4,760 For: Transportation Division Expenses $4,760 2. From: Prior Year Reserves $40,000 For: Transportation Division Expenditures $40,000 G. RECREATION FUND 1. From: Unanticipated Revenue $2,000 For: Recreation Fund/Alternative Programming $2,000 2. From: Prior Year Reserves $3,350 For: Recreation Fund/Older Adults $3,350 H. STORM DRAINAGE FUND 1. From: Prior Year Reserves $26,500 For: Storm Drainage Expense $26,500 I. TRANSIT SERVICES FUND 1. From: Unanticipated Revenue $152,523 For: Transfort Bus $152,523 2. From: Unanticipated Revenue $10,837 For: Transfort Expenses $10,837 3. From: Transfer from General Fund $31,190 For: Transfort Expenses $31,190 4. From: Unanticipated Revenue $50,000 for: Transfort Expenses $50,000 J. ARTICLE X. SECTION 20, (AMENDMENT #1) EMERGENCY RESERVE 1 . From: Golf Fund - Prior Year Reserves $13,258 From: Communications Fund - Prior Year Reserves 5,721 From: Cultural Services & Facilities Fund - Prior Year Reserves 10,430 From: Recreation Fund - Prior Year Reserves 19,974 From: Sales & Use Tax Fund Use Tax Carryover Reserve 302,284 From: Transportation Fund - Transportation Division Prior Year Reserves 9,486 For: Transfer to General Fund $361,153 i d 2. From: Equipment Fund - Existing Appropriations $5,419 From: Self Insurance Fund - Existing Appropriations 12,726 From: Transit Services Fund - Existing Appropriations 5,968 From: Transportation Fund - Streets Department - Existing Appropriations 34,894 From: Downtown Development Authority Fund - Existing Appropriations 1,933 For: Transfer to General Fund $60,940 Introduced, considered favorably on first reading, and ordered published this 19th day of October, A.D. , 1993, and to be presented for final passage on the 2nd day of November, A.D. , 1993. c r ATTEST: O ty Clerk Passed and adopted on final reading this 2nd day o mber, A. 3. yor ATTEST: n City Clerk SCHEDULE A Fund Balances as of December 31, 1992 FUND BALANCE TOTAL General $10,556,480 $10,556,480 Special Revenue Community Development Block Grant $229,535 Conservation Trust 2,109,290 Cultural Services& Facilities 153,077 Downtown Development Authority 419,937 Parkland 1,767,089 Recreation 596,684 Sales and Use Tax 3,137,707 Street Oversizing 3,960,222 Transit Services 39,588 Transportation Services 3,592,201 Other Special Revenue Cemeteries 44,443 GID #1 136,944 Perpetual Care 739,303 Rockwell Ranch 0 TOTAL $16,926,020 Debt Service Debt Service $0 Downtown Development Authority 2,109,461 Special Assessments 3,525,023 TOTAL $5,634,484 Capital Projects Capital Projects $12,657,545 Downtown Development Authority 0 TOTAL $12,657,545 Enterprise Light& Power $67,233,513 Water 63,911,821 Wastewater 54,114,634 Storm Drainage 8,844,835 SouthRidge Golf 2,916,314 Golf 1,355,447 TOTAL $198,376,564 Internal Service Benefits $1,552,041 Communications 2,088,344 Equipment 1,653,708 Self-Insurance 824,320 TOTAL $6,118,413 Trust and Agency Pension (Employees' Retirement Plan Pension) $21,791,747 Agency(Deferred Compensation) 0 TOTAL $21,791,747 TOTAL ALL FUNDS $272,061,253