HomeMy WebLinkAbout103 - 10/18/2022 - APPROPRIATING PRIOR-YEAR RESERVES IN VARIOUS CITY FUNDSORDINANCENO.103.2022OFTHECOUNCILOFTHECITYOFFORTCOLLINSAPPROPRIATINGPRIOR-YEARRESERVESINVARIOUSCITYFUNDSWHEREAS,theCityhasprioryear-reservesavailableforappropriation;andWHEREAS.ArticleV,Section9oftheCityCharterpermitstheCityCouncil.uponrecommendationoftheCityManager,toappropriatebyordinanceatanytimeduringthefiscalyearsuchfundsforexpenditureasmaybeavailablefromreservesaccumulatedinprioryears,notwithstandingthatsuchfundswerenotpreviouslyappropriated;andWHEREAS.theCityManagerisrecommendingtheappropriationsdescribedhereinandhasdeterminedthattheseappropriationsareavailableandpreviouslyunappropriatedfromtheFundsnamedwithinSection2ofthisOrdinanceandwillnotcausethetotalamountappropriatedineachFundnamedwithinSection2ofthisOrdinancetoexceedthecurrentestimateofactualandanticipatedrevenuesandallotherfundstobereceivedineachsuchFundduringthisfiscalyear;andWHEREAS,theCityCouncilfindsanddeterminesthattheadoptionofthisOrdinanceisnecessaryforthepublic’shealth,safety,andwelfare,andtherefore,wishestoauthorizetheexpendituresdescribedinthisOrdinanceandthatsuchexpenditureswillservethepublicpurposesforwhichtheyaredesignatedinSection2below.NOW,THEREFORE,BEITORDAINEDBYTHECOUNCILOFTHECITYOFFORTCOLLINSasfollows:Section1.ThattheCityCouncilherebymakesandadoptsthedeterminationsandfindingscontainedintherecitalssetforthabove,Section2:ThatthereisherebyappropriatedfromthefollowingFundstheamountsofprioryearreservessetforthbelowtobeexpendedforthepublicpurposesstatedbelow.A.GENERALFUND1.FROM:PriorYearReserves(2021classrevenue)$13,621FOR:SecurityClasses(CityManager’sOffice)$13,6212.FROM:PriorYearReserves(LandBankreserve)$2,750FOR:LandBankExpenses$2,7503.FROM:PriorYearReserves(NCRCNPoliceRadiosUpgrades&Repairs$300,000FOR:PoliceRadiosUpgrades&Repairs$300,0004.FROM:PriorYearReserves(ManufacturingUseTaxRebateAssignment)$109,010FOR:ManufacturingUseTaxRebates$109,010
5.FROM:PriorYearGeneralFundreserves(IRSrefund)$266,783FOR:EquipmentFund-Alternativefuelvehicles(OperationServices)(RefertoItemC2)B.DATAANDCOMMUNICATIONSFUND1.FROM:PriorYearReserves(DTSassignment)FOR:AccelaPermittingSystemUpgradeC.EQUIPMENTFUND1.FROM:FOR:PriorYearReserves2022interestpaymentonloan$48,064$48,0642.FROM:PriorYearGeneralFundReserves(IRSrefund)FOR:Alternativefuelvehicles(OperationServices)(RefertoItemA5)D.GOLFFUND1.FROM:PriorYearReserves$266,783$12,500$12,500FOR:2022interestpaymentonloan2.FROM:PriorYearReservesFOR:ContractualLaborpaymentincreases$266,783$266,783$80,022$80.022$288,326$288,326Introduced,consideredfavorablyonfirstreading,October,A.D.2022,andtobepresentedforfinalthis4thdayofATTEST:
ATTEST:Passedandadoptedonfinalreadingthis18thdayCityC1erk/C%’a,&