HomeMy WebLinkAbout127 - 12/06/2016 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE PURPOSE OF EQUIPMENT UPGRADES FOR FCTVORDINANCE NO. 127, 2016
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR THE PURPOSE OF EQUIPMENT UPGRADES FOR FCTV
WHEREAS, pursuant to the cable television franchise agreement between Comcast and
the City of Fort Collins, Comcast collects a monthly fee from subscribers that, under federal law,
must be spent for capital equipment and infrastructure used to provide public, educational and
governmental (PEG) television programming; and
WHEREAS, the City receives the PEG funds from Comcast and designates a portion of
the funds to be used for providing public access television; and
WHEREAS, the City identifies capital needs and spends the PEG funds on appropriate
equipment to be owned by the City to provide public access television programming; and
WHEREAS, any funds not spent go back into the City's PEG reserve account and are
available for future expenditures; and
WHEREAS, funds are needed for video camera equipment upgrades; and
WHEREAS, restricted PEG reserves are available in the General Fund to pay for the
equipment; and
WHEREAS, City staff recommends appropriating from prior year reserves in the General
Fund $30,000 to be used for equipment upgrades; 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 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 prior year reserves
in the General Fund the sum of THIRTY THOUSAND DOLLARS ($30,000) to be used for
video camera equipment upgrades.
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Introduced, considered favorably on first reading, and ordered published this 15th day of
November, A.D. 2016, and to be presented for final passage on the 6th day of December, A.D.
2016.
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Chief Deputy City Clerk LORAN
Passed and adopted on final reading on the 6th day of December, A.D. 2016.
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