HomeMy WebLinkAbout074 - 06/05/2007 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE DESIGNATED FOR LIBRARY IMPROVEMENTS IN T ORDINANCE NO. 074, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE
DESIGNATED FOR LIBRARY IMPROVEMENTS IN THE CAPITAL IMPROVEMENT
EXPANSION FUND AND PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR TRANSFER TO THE CITY'S CAPITAL PROJECTS FUND TO CONSTRUCT A
SOUTHEAST BRANCH LIBRARY
WHEREAS, on March 20, 2007, the City Council adopted Ordinance No. 037, 2007,
appropriating prior year reserves in the Capital Improvement Expansion Fund designated for library
capital improvements ($4.5 million) and prior year reserves in the General Fund ($1 million), for
construction of a 17,400 square foot southeast branch library at the proposed Front Range Village
(the `Branch Library"), and for the purchase of books and materials for that library; and
WHEREAS,significant increases in the cost of construction materials and a more complete
estimate of material needs has resulted in a revised cost estimate for construction of the Branch
Library; and
WHEREAS,the revised estimate to construct the Branch Library is$5.6 million,excluding
the$1 million previously appropriated for the purchase of books and materials; and
WHEREAS, staff recommends using the following sources to fund the additional $1.1
million needed for construction of the branch library:
General Fund prior year reserves $ 620,387
Capital Improvement Expansion Fund prior year reserves
designated for library capital improvements $ 394,198
Capital Improvement Expansion Fund unanticipated revenue 85,415
total $1,100,000
WHEREAS, the proposed General Fund prior year reserves ($620,387) to be used for this
purpose consist of an appropriation from General Fund undesignated prior year reserves, totaling
$339,304, and an appropriation from General Fund prior year reserves representing unspent and
unencumbered general library donations, totaling$281,083; and
WHEREAS,City Code Section 7.5-27(a)requires that library capital improvement expansion
fee funds be used only for capital improvements related to the provision of general library services
as those improvements maybe identified in the capital improvements plan for library services; and
WHEREAS, on May 19, 1998, the City Council adopted Resolution 1998-83 creating the
Capital Improvements Plan for the library,which plan recommends that the library strive to provide
4.0 books per city resident and provide 0.7 square foot per capita; and
WHEREAS, the construction of the Branch Library and the purchase of books and other
library materials needed for the Branch Library are consistent with the Capital Improvements Plan;
and
WHEREAS, the request for appropriation of fees is consistent with the uses of the fees set
forth in Chapter 7.5 of the City Code; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins(the"Charter")
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 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, does not exceed the current estimate of actual and anticipated revenues to be received
during the fiscal year; and
WHEREAS, staff has determined that the appropriation of 2007 Library Capital Expansion
Fee revenue, as described herein, will not cause the total amount appropriated in the Capital
Improvement Expansion Fund to exceed the current estimate of actual and anticipated revenues to
be received during the fiscal year; and
WHEREAS, pursuant to Section 23-304 of the City Code, one percent of the funds
appropriated for the construction of capital projects should be set aside in the Art in Public Places
Reserve account in the Cultural Services & Facilities Fund, for use in the acquisition or leasing of
works of art,maintenance,repair or display of works of art, and administrative expenses related to
the Art in Public Places Guidelines adopted by Council in Ordinance No. 047, 1998; 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 project,provided that the purpose for which the transferred funds
are to be expended remains unchanged; and
WHEREAS,it is the desire of the City Council to: (a)appropriate the sum of$620,387 from
prior years reserves in the General Fund, $394,198 from prior year reserves designated for library
capital improvements in the Capital Improvement Expansion Fund,and$85,415 from unanticipated
revenue, in the form of 2007 Library Capital Expansion Fees, for transfer to the Capital Projects
Fund- Southeast Branch Library project for construction of a branch library at the proposed Front
Range Village; and (b)provide funding for the City's Art in Public Places program by authorizing
the transfer of$56,000 from the Capital Projects Fund - Southeast Branch Library project, and
$10,000 from the General Fund 2007 Library budget, to the Cultural Services &Facilities Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
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Section 1. That there is hereby appropriated from prior year reserves in the General Fund,
the sum of SIX HUNDRED TWENTY THOUSAND THREE HUNDRED EIGHTY-SEVEN
DOLLARS ($620,387),for transfer to the Capital Projects Fund- Southeast Branch Library capital
project,and appropriated therein,to be used with previously appropriated funds to construct a 17,400
square foot branch library at the proposed Front Range Village.
Section 2. That there is hereby appropriated from prior year reserves designated for library
capital improvements in the Capital Improvement Expansion Fund,the sum of THREE HUNDRED
NINETY-FOUR THOUSAND ONE HUNDRED NINETY-EIGHT DOLLARS ($394,198), for
transfer to the Capital Projects Fund - Southeast Branch Library capital project, and appropriated
therein, to be used with previously appropriated funds to construct a 17,400 square foot branch
library at the proposed Front Range Village.
Section 3. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Improvement Expansion Fund, the sum of EIGHTY-FIVE THOUSAND FOUR
HUNDRED FIFTEEN DOLLARS ($85,415), for transfer to the Capital Projects Fund- Southeast
Branch Library capital project, and appropriated therein, to be used with previously appropriated
funds, to construct a 17,400 square foot branch library at the proposed Front Range Village.
Section 4. That the unexpended appropriated amount of FIFTY-SIX THOUSAND
DOLLARS ($56,000) is hereby authorized for transfer from the Capital Projects Fund- Southeast
Branch Library capital project to the Art in Public Places Reserve Account in the Cultural Services
and Facilities Fund for appropriation therein to be used for purposes consistent with the City's Art
in Public Places Program.
Section 5. That the unexpended appropriated amount of TEN THOUSAND DOLLARS
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($10,000) is hereby authorized for transfer from the General Fund 2007 Library budget to the Art
in Public Places Reserve Account in the Cultural Services and Facilities Fund for appropriation
therein to be used for purposes consistent with the City's Art in Public Places Program.
Introduced and considered favorably on first reading and ordered published this 15th day of
May, A.D. 2007, and to be presented for final passage on the 5th day of June, A.D. 2007.
Mayo
ATTEST:
City Clerk
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Passed and adopted on final reading this 5th day of ne, A.D. 2007.
Mayor
ATTEST:
City Clerk
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