HomeMy WebLinkAbout142 - 11/04/2014 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND TO BE USED TO COVER SNOW REMOV ORDINANCE NO. 142, 2014
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES
FUND TO BE USED TO COVER SNOW REMOVAL EXPENSES
WHEREAS,the Transportation Services Fund budgets for snow removal expenses based
on the historical average annual cost; and
WHEREAS, due to the number and severity of winter storms in 2013 and the above
average snow season in the first quarter of 2014, the entire 2014 snow removal budget has been
spent; and
WHEREAS, funds in the amount of$800,000 are requested from Transportation Services
Fund prior year reserves for snow removal costs for the remainder of 2014 and any unspent
appropriations at the end of the year will be returned to reserves; and
WHEREAS, the Transportation Services Fund has $15 million in reserves at year-end
2013 and $5.1 million of the total is available for additional costs such as snow removal; and
WHEREAS, Article V, Section 9 of the City Charter permits the City Council to
appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be
available from reserves accumulated in prior years, notwithstanding that such reserves were not
previously appropriated.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the
Transportation Services Fund the sum of EIGHT HUNDRED THOUSAND DOLLARS
($800,000) for snow removal expenditures.
Introduced, considered favorably on first reading, and ordered published this 21st day of
October, A.D. 2014, and to be presented for final passage on the 4th day of November, A.D.
2014.
M yor
ATTEST: F pORT CO
t/V .
City Clerk
• o
yLpL 09 p,
Passed and adopted on final reading on the 4th day of November, A.D. 2014.
May
\S OF FONT
ATTEST: :•� •:,
y
City Clerk �ORgDO.•••
2