HomeMy WebLinkAbout090 - 06/18/1996 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE TO BE USED FOR STREET MAINTENANCE AND TR ORDINANCE NO. 90, 1996
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 EXISTING
APPROPRIATIONS TO BE USED FOR STREET MAINTENANCE AND TRAFFIC
OPERATIONS NEEDS
WHEREAS, the maintenance of city transportation infrastructure is a matter of critical
importance to the citizens of the City; and
WHEREAS, said maintenance includes street mileage, bike lane mileage, and the City's
traffic signal system; and
WHEREAS,due to the growth in the City's transportation infrastructure and increased usage,
maintenance costs have increased, resulting in a need for additional resources in order to keep
maintenance efforts at the current level of service; and
WHEREAS, the City Manager, working with staff from Transportation Services, has
identified and prioritized a number of street maintenance and traffic needs for the remainder of 1996;
and
WHEREAS, the aforementioned needs and proposed allocation of resources is as follows:
Traffic Operations/Planning $302,500
Pavement Management 525,000
Street Sweeping 81,500
Snow Removal 12.40
Total $921,400; and
WHEREAS, a combination of one-time and ongoing sources have been identified to fund
the said needs as follows:
Capital Projects Fund- 1/4 Cent Street Maintenance
Prior Year Reserves (One-time) $525,000
Transportation Fund- Prior Year Reserves (One-time) 89,000
General Fund- Existing Appropriations (One-time $65,000,
Ongoing $130,000) 195,000
Transportation Fund-Unanticipated Revenue (One-time) 112.400
Total $921,400; and
WHEREAS, Article V, Section 7, of the Charter of the City of Fort Collins (the "Charter")
authorizes the City to provide by ordinance for the 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 to appropriate
unanticipated revenues which are the result of new revenue sources at any time during the year in
which such revenue is received; 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 they were
initially appropriated no longer exists; and
WHEREAS, it is desire of Council to appropriate the $614,000 from prior year reserves in
the Capital Projects Fund and Transportation Services Fund and $112,400 from unanticipated
revenue in the Transportation Services Fund, and authorize the transfer of$195,000 from existing
appropriations in the General Fund to provide for street maintenance and traffic operations.
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
Capital Projects Fund for 1/4 Cent Street Maintenance the sum of FIVE HUNDRED TWENTY-
FIVE THOUSAND DOLLARS ($525,000) for overlays, cracksealing, and patching.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in the
Transportation Fund EIGHTY-NINE THOUSAND DOLLARS ($89,000) for transfer to the
Transportation Services Fund, and appropriated therein for street maintenance and traffic operations.
Section 3. That the unexpended appropriated amount of ONE HUNDRED NINETY-FIVE
THOUSAND DOLLARS ($195,000) be authorized for transfer from the General Fund to the
Transportation Services Fund to be used for street maintenance and traffic operations.
Section 4. That there is hereby appropriated for expenditure from unanticipated revenue in
the Transportation Services Fund, the sum of ONE HUNDRED TWELVE THOUSAND FOUR
HUNDRED DOLLARS ($112,400) from the sale of equipment to be used for street maintenance
and traffic operations.
Introduced,considered favorably on first reading, and ordered published this 4th day of June,
A.D. 1996, and to be presented for final passage on the 18th day of June, A.D. 1996.
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ATTEST: /
City Clerk
Passed and adopted on final reading this 18th day of J , A;D:!1996.
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ATTEST: [/
City Clerk