HomeMy WebLinkAbout080 - 06/03/2014 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS ORDINANCE NO. 080, 2014
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER
OF APPROPRIATIONS BETWEEN PROJECTS IN THE COMMUNITY DEVELOPMENT
BLOCK GRANT FUND
WHEREAS, the City will receive in federal fiscal year 2014-2015 unanticipated revenue
in the form of federal Community Development Block Grant ("CDBG") funds totaling
$924,036; and
WHEREAS, the City has received unanticipated CDBG Program income in the amount
of$797,304; and
WHEREAS, the City also has CDBG 2013-2014 Grant funds ($250,000) to be
reprogrammed and unprogrammed CDBG 2012-2013 Grant funds ($61,245) that will be
transferred to the 2014-2015 CDBG Grant; and
WFIEREAS, by adoption of Resolution 2014-041, the City Council approved the 2014
Community Development Block Grant Program and authorized the City Manager to transmit to
HUD for approval the 2014 Fort Collins Annual Action Plan 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, of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof
from one fund (project) to another fund (project), provided that the purpose for which the
transferred funds are to be expended remains unchanged; 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 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 2014.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
- I -
Section 1. That there is hereby appropriated for expenditure from unanticipated
revenue in the federal fiscal year 2014-2015 into the Community Development Block Grant
Fund, the sum of NINE HUNDRED TWENTY-FOUR THOUSAND THIRTY-SIX DOLLARS
($924,036), upon receipt thereof for federal fiscal year 2014-2015 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 SEVEN HUNDRED NINETY-SEVEN THOUSAND THREE HUNDRED
FOUR DOLLARS ($797,304), for approved Community Development Block Grant projects.
Section 3. That the unexpended and unencumbered amount of TWO HUNDRED
FIFTY THOUSAND DOLLARS ($250,000) is hereby authorized for transfer from the 2013-
2014 Community Development Block Grant Program to the 2014-2015 Community
Development Block Grant Program and appropriated therein.
Section 4. That the unexpended and unencumbered amount of SIXTY-ONE
THOUSAND TWO HUNDRED FORTY-FIVE DOLLARS ($61,245) is hereby authorized for
transfer from the 2012-2013 Community Development Block Grant Program to the 2014-2015
Community Development Block Grant Program and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 20th day of
May, A.D. 2014, and to be presented for final passage on the 3rd day of June, A.D. 2014.
FORT co
:ZN M yor
ATTEST:
City Clerk 0 01R_
,Passed and adopted on final reading on the 3rd day of June, A.D. 2014.
yor
ATTEST:
OF.F O/yT
-t
.CO.0 V;
CO
City Clerk
�ORADO•
- 2 -