HomeMy WebLinkAbout066 - - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUNDORDINANCE NO. 066, 2017
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 2017-2018
unanticipated revenue in the form of federal Community Development Block Grant ("CDBG")
funds from the Department of Housing and Urban Development (HUD) totaling $712,415; and
WHEREAS, the City also has discovered $483,452 of unprogrammed CDBG funds
through a reconciliation with the federal Integrated Disbursement & Information System (IDIS);
and
WHEREAS, on May 16, 2017, the City Council adopted Resolution 2017-042, approving
the CDBG Commission's recommendation as to which programs and projects should receive
CDBG funds in the 2017 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, City staff 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 2017; 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.
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 2017-2018 from HUD into the Community Development Block
Grant Fund, the sum of SEVEN HUNDRED TWELVE ,THOUSAND FOUR HUNDRED
FIFTEEN DOLLARS ($712,415), upon receipt thereof for federal fiscal year 2017-2018
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 FOUR HUNDRED
I-
J
EIGHTY-THREE THOUSAND FOUR HUNDRED FIFTY-TWO DOLLARS ($483,452), for
approved Community Development Block Grant projects.
Introduced, considered favorably on first reading, and ordered published this 16th day of
May, A.D. 2017, and to be pre ented for final passage on the 6th day of June, A.D. 2017.
E FOf ti`0,.. c%
Ci?• IrZ
AL N
Mayor
ATTEST: oL •• 'E ia
City Clerk
Passed and adopted on final reading on the 6th day of June, A.D. 2017.
FORT CO
SEALL CDe M
Mayor
ATTEST: o
COLOi PO
City Clerk
2-