HomeMy WebLinkAbout160 - 01/16/1990 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATED A t
ORDINANCE NO. 160, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATED
AMOUNTS TO THE CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 8, of the Charter of the City of Fort
Collins 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 15, of the Charter of the City of Fort
Collins authorizes the City Council to transfer unexpended, appropriated
amounts from one fund to another upon the recommendation of the City
Manager, provided that the purpose of the initial expenditure of said funds
no longer exists; and
WHEREAS, the City wishes to maintain the infrastructure at the Fort
Collins-Loveland Municipal Airport; and
WHEREAS, funds are available in the General Fund 1988 Undesignated
reserve.
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
undesignated prior year reserves in the General Fund the sum of THIRTY-FIVE
THOUSAND DOLLARS ($35,000) for transfer to the Capital Projects Fund.
Section 2. That THIRTY-FIVE THOUSAND DOLLARS ($35,000) is authorized
for transfer from the General Fund to the Capital Projects Fund and
appropriated therein for major asphalt maintenance at the Fort
Collins-Loveland Municipal Airport.
Introduced, considered favorably on first reading, and ordered
published this 19th day of December, A.D. 1989, and to be presented for
final passage on the 16th day of January, A.D. 1990.
Mayor
AST:
City Clerk
Passed and adopted on final reading this 16th day of January, A.D.
1990.
Mayor
ATTEST\
City Clerk