HomeMy WebLinkAbout109 - 09/18/1979 - APPROPRIATING RESERVE FUNDS AND UNANTICIPATED REVENUES IN THE PARK ACQUISITON FUND OF THE CITY FOR P _ 1
ORDINANCE NO 109 ,1979
BEING AN ORDINANCE OF THE COUNCIL OF THE CITY OF
FORT COLLINS APPROPRIATING RESERVE FUNDS AND
UNANTICIPATED REVENUES IN THE PARK ACQUISITION
FUND OF THE CITY FOR PAYMENT OF DESIGNATED EXPENSES
OF SAID FUND
WHEREAS, an annual budget for the City' s Park Acquisition Fund for 1979
was heretofore approved by the Council and an Annual Appropriation Ordinance
for 1979 was adopted providing for expenditures from said fund for particular
purposes specified in the budget, and
WHEREAS, in the opinion of the Council , additional expenditures from
the Park Acquisition Fund in excess of those appropriated in the 1979 Annual
Appropriation Ordinance will be necessary to pay the costs of certain expenses
properly payable out of the Park Acquisition Fund, and
WHEREAS, reserves accumulated in prior years exist in the Park Acqui-
sition Fund, revenues not anticipated in the budget were received, whicn
revenues were designated by the source providing the same for expenditure
for a particular purpose and further actual revenue realized in said fund
exceeds the budget estimate for the fund, (ind
WHEREAS, Article V, Section 8 of the Charter of the City of Fort
Collins provides that the Council by ordinance may authorize payment of
expenses from reserves accumulated in prior years notwithstanding that Such
reserves were not appropriated for expenditure in the Annual Appropriation
Ordinance, and
WHEREAS, the Charter provides in Article V, Section 15, that if
revenues not anticipated in the budget are received which are designated by
the source providing the same for expenditure for a particular purpose, the
Council may at any time during the year in which said revenues were re-
ceived authorize by ordinance expenditure of such revenues or any part
thereof notwithstanding the fact that such revenues were not appropriated
for expenditure in the annual appropriation ordinance, and
WHEREAS, Article V, Section 15 of the Charter further provides
that if, at the expiration of eight months of the budget year or there-
after within the budget year, the actual revenue ieali7ed exceeds the
budget estimates, the Council may by ordinance appropriate the excess to
any purpose recommended by the City Manager for expenditure during the
budget year
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCII OF THE CITY OF FORT
COLLINS that the total sum of $200,407 OO be, and the same hereby is,
appropriated from the Park Acquisition Funo for expenditure as follows
1 From accumulated reserves of the Park
Acquisition Fund, the sum of $107,815 00
for expenditure on park projects
2 From revenue not anticipated in the
budget , the sum of $27 , 460 00 for
expenditure for park projects
3 From revenue in excess of the budget
estimate the sum of $65,132 00 for
expenditure on park projects
Introduced, considered favorably on first reading, and oideied
published thisl8th day of September, 1979, and to be presented for final
passage on the 2nd day of October, 1979
Mayor
T
City Clerk
Passed and adopted on final reading this 2nd day_. of October,
1979
r
ATTEST
J
Ci y Clerk-
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