HomeMy WebLinkAbout024 - 03/24/2009 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE LIGHT AND POWER FUND FOR THE RESIDENTIAL SOLAR REBA ORDINANCE NO. 024, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE LIGHT AND POWER
FUND FOR THE RESIDENTIAL SOLAR REBATE PROGRAM AND
AUTHORIZING THE TRANSFER OF MATCHING FUNDS PREVIOUSLY
APPROPRIATED IN THE LIGHT AND POWER OPERATING BUDGET
WHEREAS, the City's Residential Solar Rebate Program (Photovoltaic) Program (the
"Program") offers residential electric customers of the Fort Collins Utility financial incentives to
install photovoltaic systems on their homes; and
WHEREAS, City staff, having successfully implemented the pilot phase of the Program,
requested a grant to continue the Program; and
WHEREAS, the State of Colorado's Governor's Energy Office("GEO") awarded the City
a grant in the amount of$25,000 (the "Grant") to continue the Program; and
WHEREAS, the Grant requires matching funds of$25,000, which are available in existing
appropriations in the Light and Power budget and available for transfer to the Light and Power grant
projects; and
WHEREAS, Article V, Section 9, of the City Charter 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, City staff has determined that the appropriation of the Grant will not cause the
total amount appropriated in the Light and Power Fund to exceed the current estimate of actual and
anticipated revenues to be received in that fund during any fiscal year; and
WHEREAS,Article V,Section 10,of the City Charter authorizes the City Council to transfer
by ordinance any unexpected and unencumbered amount or portion thereof from one project to
another project,provided that the purpose for which the transferred funds are to be expended remains
unchanged.
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 grant revenue in the
Light and Power Fund the sum of TWENTY FIVE THOUSAND DOLLARS ($25,000) for
expenditure in the Light and Power Fund for the Residential Solar Rebate Program(Photovoltaic).
Section 2. That unexpended appropriated amount of TWENTY FIVE THOUSAND
DOLLARS ($25,000) is hereby authorized for transfer to the Light and Power Fund projects grant
for expenditure in the Residential Solar Rebate Program (Photovoltaic).
Introduced, considered favorably on first reading, and ordered published this 3rd day of
March, A.D. 2009, and to be presented for final passage on the day of March, A.D. 2009.
May
ATTEST:
0 J
City Clerk
Passed and adopted on final reading on the 24th day of N4aych, A.D. 2009.
Mayo
ATTEST:
-City Clerk