HomeMy WebLinkAbout070 - 06/19/2018 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND ORDINANCE NO. 070, 2018
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, the City estimates it will receive in federal fiscal year 2018-2019
unanticipated revenue in the form of federal Community Development Block Grant ("CDBG")
funds from the Department of Housing and Urban Development ("HUD") totaling $1,073,214;
and
WHEREAS, the City also has identified unprogrammed CDBG funds through a
reconciliation with the federal Integrated Disbursement & Information System ("IDIS") of
$192,549; and
WHEREAS, on June 5, 2018, the City Council adopted Resolution 2018-054, approving
the CDBG Commission's recommendation as to which programs and projects should receive
CDBG funds in the 2018 funding cycle; 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 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,this appropriation benefits the public health,safety and welfare of Fort Collins
residents and serves the public purpose of providing safe, affordable public housing and human
services, contributing to economic stability and homelessness prevention for Fort Collins
residents; and
WHEREAS, the City Manager has determined that the appropriation of all unanticipated
CDBG grant and other revenue as described herein will not result in total appropriations in excess
of the current estimate of actual and anticipated revenues for fiscal year 2018.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That there is hereby appropriated for expenditure from unanticipated grant
revenue in the federal fiscal year 2018-2019 from HUD into the Community Development Block
Grant Fund, the sum of ONE MILLION SEVENTY-THREE THOUSAND TWO HUNDRED
_1_
FOURTEEN DOLLARS ($1,073,214), upon receipt thereof for federal fiscal year 2018-2019
Community Development Block Grant projects.
Section 3. That there is hereby appropriated for expenditure from unanticipated
revenue from a reconciliation of funding between the City JDE system and the federal IDIS system
into the Community Development Block Grant Fund, the sum of ONE HUNDRED NINETY-
TWO THOUSAND FIVE HUNDRED FORTY-NINE DOLLARS ($192,549), for approved
Community Development Block Grant projects.
Introduced, considered favorably on first reading, and ordered published this 5th day of
June, A.D. 2018, and to be presented for final passage on the 19th day of June, A.D. 2018.
Ma or Pr Tem
ATTEST:
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Passed and adopted on final readieel of June, A.D. 2018.
Mayor
ATTEST:
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