HomeMy WebLinkAbout074 - 07/21/2009 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND ORDINANCE NO. 074, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS,the City will receive in federal fiscal year 2009-2010 unanticipated revenue in
the form of federal Community Development Block Grant ("CDBG") funds totaling $1,017,507,
constituting a new revenue source; and
WHEREAS, the City will receive unanticipated CDBG Program income in the 2009-2010
federal fiscal year in the amount of$52,653; and
WHEREAS, by adoption of Resolution 2009-060 the City Council approved the 2009
Community Development Block Grant Program; and
WHEREAS, by adoption of Resolution 2009-061 the City Council authorized the City
Manager to transmit for approval the 2009 Fort Collins Consolidated Annual Action Plan to HUD
as required to receive the grant funds; 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 all unanticipated CDBG grant
and program revenue as described herein will not result in total appropriations in excess of the
current estimate of actual and anticipated revenues for fiscal year 2009; and
WHEREAS, Article V, Section 11, of the City Charter provides that federal grant
appropriations shall not lapse if unexpended at the end of the budget year until the expiration of the
federal grant.
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 unanticipated revenue
in the federal fiscal year 2009-2010 into the Community Development Block Grant Fund, the sum
of ONE MILLION SEVENTEEN THOUSAND FIVE HUNDRED SEVEN DOLLARS
($1,017,507), upon receipt from federal fiscal year 2009-2010 Community Development Block
Grant Funds.
Section 2. That there is hereby appropriated for expenditure from unanticipated program
income revenue, upon receipt into the Community Development Block Grant Fund, the sum of
FIFTY TWO THOUSAND SIX HUNDRED FIFTY-THREE DOLLARS ($52,653), for approved
Community Development Block Grant projects.
Introduced,considered favorably on first reading,and ordered ublished this 7th day of July,
A.D. 2009, and to be presented for final passage on the 21st da ly, A.D. 2009.
A
Mayo
ATTEST-
DqKuty Ci CI rk
Passed and adopted on final reading on the 21st day of July, A.D
Mayor
ATTEST:
V � N L
City Clerk O