HomeMy WebLinkAbout047 - 04/18/2017 - APPROPRIATING FUNDS RELATED TO ADDITIONAL 2017 BUDGET TRANSFERS TO MEET FUND ACCOUNTING REQUIREMENTS (2)ORDINANCE NO. 047, 2017
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING FUNDS RELATED TO ADDITIONAL 2017 BUDGET'
TRANSFERS TO MEET FUND ACCOUNTING REQUIREMENTS
WHEREAS, on November 15, 2016, the City Council adopted on second reading
Ordinance No. 126, 2016, approving the biennial budget for the years beginning on January 1,
2017, and January 1, 2018; and
WHEREAS, the purpose of this item is to authorize additional appropriations for 2017
budget transfers required to authorize moving the source of funding to the funds where the
appropriations for the 2017 Budget were actually approved; and
WHEREAS, this action has no impact on service delivery of the programs and services
funded in the 2017 Budget and there are no funding shortfalls; and
WHEREAS, the total net additional appropriation is $1,924,263 which is derived from a
total new appropriation of$2,482,970 offset by a decreased need for a capital projects transfer of
558,707); and
WHEREAS, this action would increase the City's total 2017 Budget, but since transfers
are excluded when calculating the 2017 Net City Budget, there is no change to the 2017 Net City
Budget and no need for additional funding for programs and services; and
WHEREAS, Article V, Section 9, of the City Charter permits the 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 the revenue as described
herein will not cause the total amount appropriated in the funds listed below to exceed the
current estimate of actual and anticipated revenues to be received in that fund during any fiscal
year.
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 or capital project to another fund or capital project, provided that the purpose for
which the transferred funds are to be expended remains unchanged; the purpose for which the
funds were initially appropriated no longer exists; or the proposed transfer is from a fund or
capital project in which the amount appropriated exceeds the amount needed to accomplish the
purpose specified in the appropriation ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
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Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2: That the following funds are hereby appropriated for expenditure in the funds
listed below.
i
2017 Proposed Additional Appropriations
Existing 2017 Amount of Amended 2017
Budget Adjustment Budget
General Fund 152,285,306 286,716 152,572,022
General Improvement District 158,107 9000 248,107
Transportation Fund 26,352,802 2,012,675 , 28,365,477
Utility CS&A Fund 17,210,746 93,579 17,304,325
Total new appropriation 2,482,970
Introduced, considered favorably on first reading, and ordered published this 21st day of
March, A.D. 2017, and to be presented for final passage on the 18th da of April, A.D. 2017.
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City Clerk
Passed and adopted o ding on the 18th day of April, A.D. 2017.
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