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HomeMy WebLinkAbout111 - 11/16/2010 - RELATING TO THE ANNUAL APPROPRIATIONS FOR THE FISCAL YEAR 2011; ADOPTING THE BUDGET FOR THE FISCAL Y ORDINANCE NO. 111, 2010 OF THE COUNCIL OF THE CITY OF FORT COLLINS BEING THE ANNUAL APPROPRIATION ORDINANCE RELATING TO THE ANNUAL APPROPRIATIONS FOR THE FISCAL YEAR 2011; ADOPTING THE BUDGET FOR THE FISCAL YEARS BEGINNING JANUARY 1, 2011) AND ENDING DECEMBER 31, 2012; AND FIXING THE MILL LEVY FOR FISCAL YEAR 2011 WHEREAS,the City Manager has,prior to the first Monday in September,2010,submitted to the City Council a proposed budget for the next ensuing budget term, along with an explanatory and complete financial plan for each fund of the City, pursuant to the provisions of Article V, Section 2, of the City Charter; and WHEREAS, within ten days after the filing of said budget estimate, the City Council set September 21 and October 5, 2010, as the dates for the public hearings thereon and caused notice of such public hearings to be given by publication pursuant to Article V, Section 3, of the City Charter; and WHEREAS, the public hearings were held on those dates and persons were given the opportunity to appear and object to any or all items and estimates in the proposed budget; and WHEREAS, Article V, Section 4, of the City Charter requires that, before the last day of November of each fiscal year, the City Council adopt the budget for the ensuing term by ordinance and appropriate such sums of money as the Council deems necessary to defray all expenditures of the City during the ensuing fiscal year; and WHEREAS, on November 2, 2010, the registered electors of the City approved a .85% increase in the City's base sales and use tax rate, commencing on January 1, 2011 and expiring in 2021; and WHEREAS, in recognition of the increased revenues that will be generated by such voter- approved measure,the City Manager's 2011-2012 Recommended Budget,as amended,appropriates the additional revenue to be generated by the tax increase into a separate fund (the "ROF Funds") and describes the basic plan for expending such revenues in accordance with the ballot language for the measure; and WHEREAS,following adoption of the budget,the City Council intends to further clarify the specific uses of the ROF Funds prior to the end of the current fiscal year, either by resolution or ordinance; and WHEREAS, Article V, Section 5, of the City Charter provides that in addition to adopting the budget and appropriating the funds necessary to defray all expenditures of the City for the ensuring fiscal year,the annual appropriation ordinance shall also fix the tax levy upon each dollar of the assessed valuation of all taxable property within the City, such levy representing the amount of taxes for City purposes necessary to provide for payment during the ensuing fiscal year for all properly authorized expenditures to be incurred by the City; and WHEREAS, Article XII, Section 6, of the City Charter permits the City Council to fix, establish, maintain, and provide for the collection of such rates, fees, or charges for water and electricity, and for other utility services furnished by the City as will produce revenues sufficient to pay into the General Fund in lieu of taxes on account of the City-owned utilities such amount as may be established by City Council. - NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. Budget a. That the City Council has reviewed the City Manager's 2011-2012 Recommended Budget, a copy of which is on file with the office of the City Clerk, and has approved certain amendments thereto. b. That the City Manager's 2011-2012 Recommended Budget, as amended by the Council, is hereby adopted, in accordance with the provisions of Article V, Section 4, of the City Charter and incorporated herein by reference; provided, however, that: (1) the comparative figures in the adopted budget may be subsequently revised as deemed necessary by the City Manager to reflect actual revenues and expenditures for the fiscal year 2010; and (2) the identification of certain items as being"unfunded"in the adopted budget should not be construed as precluding the City Council or the City Manager from subsequently funding such offers through supplemental appropriations or transfers of funds as authorized by Sections 9 and 10 of Article V of the City Charter. C. That the adopted budget,as amended,shall be maintained in the office of the City Clerk and identified as "The Budget for the City of Fort Collins for the Fiscal Years Ending December 31,2011,and December 31,2012,as Adopted by the City Council on November 16, 2010." Section 2. Appropriations. That there is hereby appropriated out of the revenues of the City of Fort Collins, for the fiscal year beginning January 1,2011, and ending December 31, 2011, the sum of FOUR HUNDRED FORTY TWO MILLION SEVEN HUNDRED SEVENTY THREE THOUSAND ONE HUNDRED TWENTY FIVE DOLLARS ($442,773,125) to be raised by taxation and otherwise, which sum is deemed by the City Council to be necessary to defray all -2- expenditures of the City during said budget year, to be divided and appropriated for the following purposes, to wit: GENERAL FUND $ 102,499,751 ENTERPRISE FUNDS Golf $2,879,387 Light & Power Operating Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,907,193 Capital: Electric Substations 315,000 Southwest Annexation Electric System 1,755,000 Capital Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,070,000 Total Light& Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106,977,193 Storm Drainage Operating Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,746,019 Capital: Asset Management 83,333 Canal Importation Basin 2,840,000 Drainage & Detention System 370,000 Stormwater Developer Repays 95,000 Stormwater Master Planning 95,000 Capital Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,483,333 Total Storm Drainage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,229,352 Wastewater Operating Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,073,294 Capital: Asset Management 83,334 Collection System Replacement 1,230,000 Collection System Study 170,000 DWRF Improvements 100,000 Engineering Collection System Replacements 700,000 Flow Monitoring Stations 100,000 North College Sewer 900,000 Sludge Disposal Program 100,000 Water Reclamation Replacement 975,000 Capital Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,358,334 Total Wastewater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,431,628 -3- Water Operating Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,767,591 Capital: Asset Management 83,333 Cathodic Protection 170,000 Distribution System Replacement 975,000 Engineering Distribution System Replacements 1,910,000 Halligan Reservoir Enlargement 190,000 Water Production Replacement Program 1,175,000 Water Supply Development 100,000 Capital Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,603,333 Total Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,370,924 TOTAL ENTERPRISE FUNDS $176,888,484 INTERNAL SERVICE FUNDS Benefits $21,702,110 Data& Communications 7,410,443 Equipment 9,457,218 Self Insurance 3,247,228 Utility Customer Service & Administration 15,462,965 TOTAL INTERNAL SERVICE FUNDS $ 57,279,964 SPECIAL REVENUE FUNDS Capital Improvement Expansion Fund $ 619,354 Capital Leasing Corporation Fund 5,290,795 Cemeteries 587,558 Cultural Services 3,223,584 Debt Service 359,820 General Employees' Retirement 3,043,926 Natural Areas Fund 8,447,731 Perpetual Care 45,395 Recreation 6,665,590 Resourcing Our Future Fund 18,700,000 Sales and Use Tax 11,098,000 Street Oversizing 2,978,079 Timberline/Prospect SID 106,885 Transit Services 9,989,823 Transportation Services 24,422,387 TOTAL SPECIAL REVENUE & DEBT SERVICE FUNDS $ 95,578,927 -4- CAPITAL IMPROVEMENT FUNDS General City Capital City Bridge Program $ 300,000 I-25 & SH 392 Interchange and Improvements 2,640,000 Police Facility 750,000 Railroad Crossing Replacement 100,000 TOTAL GENERAL CITY CAPITAL $ 3,790,000 1/4 Cent - Buildine on Basics Administrative Charge $ 34,914 Bicycle Program Plan Implementation 125,000 Museum/Discovery Science Center 115,113 North College Avenue Improvements 4,275,671 Pedestrian Plan and ADA Improvements 300,000 TOTAL 1/4 CENT - BUILDING ON BASICS $ 4,850,698 Conservation Trust Fund Administration $ 198,918 Trail Acquisition/Development 350,000 Open Space Acquisition 10,000 Fossil Creek Trail 50,000 Transfer to General Fund-Parks Maintenance 923,704 TOTAL CONSERVATION TRUST FUND $1,532,622 Neighborhood Parkland Fund Administration $ 187,679 Equipment Replacement 15,000 New Park Site Acquisition 150,000 TOTAL NEIGHBORHOOD PARKLAND FUND $ 352,679 TOTAL CITY FUNDS $ 442,773,125 -5- Section 3. Mill Levy a. That the 2011 mill levy rate for the taxation upon each dollar of the assessed valuation of all the taxable property within the City of Fort Collins as of December 31, 2010, shall be 9.797 mills, which levy represents the amount of taxes for City purposes necessary to provide for payment during the aforementioned budget year of all properly authorized expenditures to be incurred by the City. b. That the City Clerk shall certify this levy of 9.797 mills to the County Assessor and the Board of Commissioners of Larimer County, Colorado, in accordance with the applicable provisions of law, as required by Article V, Section 5, of the Charter of the City of Fort Collins. Introduced, considered favorably on first reading, and ordered published this 2nd day of November,A.D.2010,and to be presented for final passage on the ay ofNovember,A. .2010. May ; ATTEST:: City Clerk Passed and adopted on final reading on the 16th day of No er, A.D. 2010. 10, Mayo _ATTEST: Chief Deputy City Clerk -6-