HomeMy WebLinkAbout046 - 04/19/2016 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND AND THE LIGHT AND POWER FUND AND TRANSFERRINGr
ORDINANCE NO. 046, 2016
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND AND THE LIGHT
AND POWER FUND AND TRANSFERRING APPROPRIATIONS FROM THE LIGHT AND
POWER FUND TO THE GENERAL FUND FOR 2016 PROJECTS ASSOCIATED WITH
THE 2020 CLIMATE ACTION PLAN (CAP) STRATEGIC PLAN
WHEREAS, in 2015, City Council adopted updated community greenhouse gas goals
and targets to be achieved by 2020; and
WHEREAS, staff has developed an implementation plan based on the accelerated goals
of the Climate Action Plan (CAP) and has identified several initiatives for immediate action and
investment based on guidance provided by the City Council; and
WHEREAS, four projects have been identified for immediate action and investment: (1)
Building Energy Disclosure and Scoring, (2) CAP Program Support, (3) CAP Pilot
Projects/Innovation Fund, and (4) Biomass Burner Feasibility Study (collectively, the
Projects"); and
WHEREAS, staff is requesting $230,510 from General Fund Reserves and $245,483
from Light and Power Fund Reserves to fund these four Projects in 2016; and
WHEREAS, investing in these Projects has a total budget impact of$475,993 in 2016,
with an ongoing commitment of$422,219; and
WHEREAS, the Building Energy Disclosure and Scoring, CAP Program Support and
Projects/Innovation Fund projects are intended to manage or reduce, at least in part, peak
demand and overall electric service loads; and
WHEREAS, consistent with Article XII, Section 6 of the Fort Collins City Charter,'
funding of a portion of the total cost of these initiatives with Light and Power Fund Reserves
serves electric utility purposes and reflects a proportionate benefit expected to accrue to Light
and Power ratepayers by seeking to manage and minimize overall future capital needs, and
resulting rate impacts, that would otherwise be required to support increasing peak demand and
overall electric service loads; 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; and
WHEREAS, Article V, Section 10, of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof
from one fund (project) to another fund (project), provided that the purpose for which the
transferred funds are.to be expended remains unchanged.
1
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 prior year reserves in the General
Fund the sum of TWO HUNDRED THIRTY THOUSAND FIVE HUNDRED TEN
DOLLARS ($230,510) for expenditure in the General Fund for the City of Fort Collins for
the four Projects.
Section 3. That there is hereby appropriated from prior year reserves in the Light and
Power Fund the sum of TWO HUNDRED FORTY-FIVE THOUSAND FOUR HUNDRED
EIGHTY-THREE DOLLARS ($245,483) for expenditure in the Light and Power Fund for the
City of Fort Collins for the four Projects.
Section 4. That the unexpended appropriated amount of SEVENTY-SEVEN
THOUSAND TWO HUNRED AND TEN DOLLARS ($77,210) in the Light and Power Fund is
authorized for transfer to the General Fund and appropriated therein for the City of Fort Collins
for the four Projects.
Introduced, considered favorably on first reading, and ordered published this 5th day of
April, A.D. 2016, and to be presented for final passage on the 19th day of April, A.D. 2016.
F
r SEAL : Mayor
ATTEST:
Q
COLORP30
City Clerk
Passed and adopted on final reading on the 19th day of April, A.D. 2016.
AOF FORTCO
C
SEAL N
Mayor
ATTEST:
COt OR a°
City Clerk
l
2-