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HomeMy WebLinkAbout058 - 05/04/2021 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE FROM PHILANTHROPIC DONATIONS RECEIVED BY ORDINANCE NO. 058, 2021 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE FROM PHILANTHROPIC DONATIONS RECEIVED BY CITY GIVE FOR VARIOUS CITY PROGRAMS AND SERVICES AS DESIGNATED BY THE DONORS WHEREAS, in fiscal year 2020 the City received several individual philanthropic donations of$5,000 of less, except for one $6,519 donation, totaling $34,291 and these funds are currently unappropriated from prior years reserves; and WHEREAS, so far in fiscal year 2021 the City has received several more individual philanthropic donations of $5,000 or less totaling $7,973 and these funds are currently unappropriated; and WHEREAS, these donations have been directed by the donors to be used by the City for certain designated uses within and for the benefit of certain City service areas as each donation is described in Exhibit"A"attached hereto and incorporated herein by refernece; and WHEREAS, as acknowledged by Section 2.5 of the City's Fiscal Management Policy 2 — Revenue approved by City Council, the City Manager has adopted the City Give Financial Governance Policy to provide for the responsible and efficient management of charitable donations to the City (the "City Give Policy"); and WHEREAS, Section 52.2.C. of the City Give Policy authorizes the City Give Director to accept donations of$5,000 or less for the City service area intended by the donor to be benefited and Section 52.2.D. of the City Give Policy authorizes the City Manager to accept donations of more than $5,000 up to $100,000; and WHEREAS, as so authorized, the City Give Director and City Manager have accepted for the benefited City service areas, as applicable, the donations to be appropriated in this Ordinance to be used as directed by each donor as described in Exhibit"A"; and WHEREAS, Article V, Section 9 of the City Charter permits the City Council, upon recommendation of the City Manager, 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 9 of the City Charter also permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserve's accumulated in prior years, notwithstanding that such reserves were not previously appropriated; and WHEREAS, the City Manager has recommended the appropriations described in Sections 2 and 3 of this Ordinance and determined that the amount of each of these appropriations is available and previously unappropriated from the funds named in Sections 2 and 3 and will not -1- cause the amount appropriated in each such fund to exceed the current estimate of actual and anticipated revenues to be received in those funds during this fiscal year; and WHEREAS, these appropriations will serve the public purpose of providing additional revenue to each of the benefited service areas to aid them in accomplishing the public purposes for which each service area is established thereby benefiting the public's health, safety and welfare. 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 from the following funds these amounts of philanthropic revenue held in prior year reserves to be expended as designated by the donors in support of the various City's programs and services as described in Exhibit "A": General Fund $7,376 Natural Areas Fund $1,350 Cultural Services& Facilities Fund $4,900 Recreation Fund $l 1,187 Transportation Services Fund $4,343 -Capital Projects Fund $3,125 Benefits Fund $2,010 Section 3. That there is hereby appropriated from the following Funds the amounts of unanticipated philanthropic revenue received in 2021 to be expended as designated by the donors in support of the various City's programs and services as described in Exhibit"A": General Fund $1,973 Capital Projects Fund $1,000 Light& Power Fund $5,000 Introduced, considered favorably on first reading, and ordered published this 20th day of April, A.D. 2021, and to be presented for final passage on the 4th day of May, A.D. 2021. r ATTEST: o�to ar co C' Cle cpLORP�O Passed and adopted on final reading on the 4th day of May, A.D. 2021. Ma r ATTEST: of FORr� C ty Cle : SEAL N COCORApO