HomeMy WebLinkAbout002 - 01/17/1989 - AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN CAPITAL PROJECTS, APPROPRIATING PRIOR YEAR RESERV ORDINANCE NO. 2 , 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN
CAPITAL PROJECTS, APPROPRIATING PRIOR YEAR RESERVES IN THE
GENERAL FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND AND
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to appropriate unanticipated revenue at
any time during the year in which such revenue is received and to transfer
appropriated amounts from one project to another; and 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, the City wishes to consolidate Block 31 monies into one
project cost center to fund Block 31 operation and maintenance costs, major
building repair, and expenses for professional services; and
WHEREAS, funds are currently available in Block 31-Phase II, property
acquisition capital project, Block 31 Parking Lot capital project, General
Fund reserve for Block 31, and 1989 revenue from Block 31 rents and
interest earnings.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1 . That the following transfers of existing appropriations be
authorized in the Capital Projects fund:
From: Block 31 Parking Lot $ 2, 137
To: Block 31 Maintenance & Development $ 2, 137
From: Block 31 Phase II $185,279
To: Block 31 Maintenance & Development $185,279
Section 2. That there is hereby appropriated for transfer from prior
year reserves in the General Fund to the Capital Projects Fund and
appropriated for expenditure in the Capital Projects Fund for Block 31
Maintenance & Development the sum of ONE HUNDRED THIRTEEN THOUSAND FOUR
HUNDRED EIGHTY-ONE DOLLARS ($113,481) .
Section 3. That there is hereby appropriated from unanticipated
revenue in the Capital Projects Fund the sum of THIRTY THOUSAND DOLLARS
($30,000) for expenditure for Block 31 Maintenance & Development.
Introduced, considered favorably on first reading, and ordered
published this 3rd day of January, A.D. 1989, and to be resented for final
passage on the 17th day of January, A.D. 1989.
0
Mayor
AT EST:
City Clerk
Passed and adopted on final reading this 17th day of January, A.D. ,
1989.
-Mayor
ATTEST:
City Clerk