HomeMy WebLinkAbout024 - 03/21/2000 - APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE NORTHERN COL ORDINANCE NO. 24, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES
IN THE GENERAL FUND FOR THE NORTHERN COLORADO
REGIONAL COMMUNITIES I-25 CORRIDOR PLAN
WHEREAS, the City of Fort Collins, along with Larimer County, City of Loveland, Town
of Berthoud, Town of Johnstown, Town of Timnath, Town of Windsor and Weld County have
agreed to prepare a plan for the I-25 corridor between Berthoud and Fort Collins, the Northern
Colorado Regional Communities I-25 Corridor Plan(the "Plan"); and
WHEREAS, the total budget for the Plan is $300,000 and seven of the jurisdictions have
agreed to share in the cost of preparing the Plan; and
WHEREAS,the City of Fort Collins' share of the cost of the Plan in the amount of $137,280
was provided in the 1999 Budget; and
WHEREAS,$108,320 was received from the other j urisdictions for the first phase of the Plan
and appropriated in September 1999; and
WHEREAS, the City has now received the remaining funds from the other jurisdictions in
the amount of$54,400 and wishes to appropriate this amount for the completion of the Plan; and
WHEREAS, $27,590 of the total amount of $54,400 was received in 1999 and is now
included in General Fund prior year reserves, and $26,810 has been received 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; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins also permits the
City Council to make supplemental appropriations by ordinance at any time during the fiscal year,
provided that the total amount of such supplemental appropriations,in combination with all previous
appropriations for that fiscal year, do not exceed the then current estimate of actual and anticipated
revenues to be received during the fiscal year.
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 sum of TWENTY SEVEN THOUSAND FIVE HUNDRED NINETY DOLLARS
($27,590) for expenditure in the General Fund for the 1-25 Regional Corridor Plan.
Section 2. That there is hereby appropriated from unanticipated revenue in the General Fund
the sum of TWENTY SIX THOUSAND EIGHT HUNDRED TEN DOLLARS ($26,810) for
expenditure in the General Fund for the I-25 Regional Corridor Plan..
Introduced, considered favorably on first reading, and ordered published this 7th day of
March, A.D. 2000, and to be presented for final passage on the 21 st day of March, A.D. 2000.
Mayor
ATTEST::
1,!A ' 20&
City Clerk f /e;4
Passed and adopted on final reading this 21 st day of March, A.D. 2000.
Mayor
ATTEST:
City Clerk