HomeMy WebLinkAbout044 - 06/05/2012 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROGRAM Y ORDINANCE NO. 044, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN
PROGRAM YEARS IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS,the City will receive in federal fiscal year 2012-2013 unanticipated revenue in
the form of federal Community Development Block Grant("CDBG")funds totaling$977,728; and
WHEREAS,the City also received unanticipated CDBG Program income in the 2011-2012
federal fiscal year in the amount of$67,436; and
WHEREAS,unexpended funds are also available from the CDBG Program from prior fiscal
years in the amount of$28,750; and
WHEREAS, by adoption of Resolution 2012-035 the City Council approved the 2012
Community Development Block Grant Program; and
WHEREAS, by adoption of Resolution 2012-036 the City Council authorized the City
Manager to transmit for approval the 2012 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 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,Article V,Section 10,ofthe City Charter authorizes the City Council to transfer
by ordinance any unexpected 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 funds were
initially appropriated no longer exists; 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; and
WHEREAS,City staffhas 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 2012.
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 2012-2013 into the Community Development Block Grant Fund, the sum
of NINE HUNDRED SEVENTY-SEVEN THOUSAND SEVEN HUNDRED TWENTY-EIGHT
DOLLARS ($977,728), upon receipt thereof for federal fiscal year 2012-2013 Community
Development Block Grant Funds.
Section 2. That there is hereby appropriated for expenditure from unanticipated program
income revenue,upon receipt thereof into the Community Development Block Grant Fund,the sum
of SIXTY-SEVEN THOUSAND FOUR HUNDRED THIRTY-SIX DOLLARS ($67,436), for
approved Community Development Block Grant projects:
Section 3. That the unexpended and unencumbered amount of TWENTY-EIGHT
THOUSAND SEVEN HUNDRED FIFTY DOLLARS ($28,750) is hereby authorized for transfer
from the 2011-2012 Community Development Block Grant Program to the 2012-2013 Community
Development Block Grant Program and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 15th day of
May, A.D. 2012, and to be presented for final passage on the 5th day of June, A.D. 2012.
FORT COC
Ma or
ATTEST:
Interim City Clerk COA
Passed and adopted on final reading on the 5th day of June, A.D. 2012.
ATTEST:
OF FORTCO`
M yor
Imo' i Clerk '
COILL ORPOO