HomeMy WebLinkAbout158 - 12/20/2005 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS ORDINANCE NO. 158, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS
IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins ("Charter")
permits 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, does not exceed the current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS,Article V, Section 10,of the Charter authorizes the City Council to transfer by
ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital
project to another fund or capital proj ect,provided that the purpose for which the funds were initially
appropriated no longer exists; and
WHEREAS,Article V,Section 11,of the Charter provides that federal grant appropriations
shall not lapse if unexpended at the end of the budget year until the expiration of the federal grant;
and
WHEREAS,the City will receive in federal fiscal year 2005-2006 unanticipated revenue in
the form of federal Community Development Block Grant("CDBG")Program income in the amount
of$31,700; and
WHEREAS,unexpended funds are also available from the CDBG program from prior fiscal
years in the amount of$22,611; and
WHEREAS, City staff has determined that the appropriation of unanticipated CDBG grant
revenue from the U.S.Department of Housing and Urban Development("HUD")as described herein
will not result in total appropriations in excess of the current estimate of actual and anticipated
revenues for fiscal year 2005; and
WHEREAS, by adoption of Resolution 2005-123, the City Council approved Additional
Programs/Projects for the 2005-2006 Community Development Block Grant Program.
NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated program income revenue,
upon receipt thereof into the Community Development Block Grant Fund,the amount of THIRTY-
ONE THOUSAND SEVEN HUNDRED DOLLARS ($31,700) for approved Community
Development Block Grant programs and projects.
Section 2. That the unexpended and unencumbered amount of TWENTY-TWO
THOUSAND SDC HUNDRED ELEVEN DOLLARS ($22,611) is hereby authorized for transfer
from the 2004-2005 Community Development Block Grant Program to the 2005-2006 Community
Development Block Grant Program and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 15th day of
November, A.D. 2005, and to be presented for final passage on the 20th day of December, A.D.
2005. JC
Mayo
ATTEST:
City Clerk
Passed and adopted on final reading this th y of c r, OS
Mayor
ArTTEST:
City Clerk