HomeMy WebLinkAbout003 - 02/06/2024 - AUTHORIZING TRANSFERS AND REAPPROPRIATION OF FUNDS PREVIOUSLY APPROPRIATED FOR THE UTILITIES’ GRID FORDINANCE NO.003,2024
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING TRANSFERS AND REAPPROPRIATION
OF FUNDS PREVIOUSLY APPROPRIATED FOR THE
UTILITIES’GRID FLEXIBILITY PROGRAMS
A.City Council authorized expenditures in the 2023/2024 City Budget for
various purposes in the Light and Power Fund,portions of which were not spent or
encumbered in 2023 and are not anticipated to the spent in 2024 due to changes in
technology related to certain projects.
B.Utilities staff has determined that unspent and unencumbered amounts
applied to ongoing grid flexibility efforts described in approved 2023/2024 Budget Offers
can be more effectively repurposed to pursue use of similar technologies and result in
similar outcomes as described in the subject Offers.
C.Utilities staff has determined that the amounts to be reappropriated and
redeployed as described herein are available and currently encumbered.
D.This reappropriation benefits public health,safety and welfare of the citizens
of Fort Collins and benefits City electric utility ratepayers by leveraging utility reserves
and unexpended funds to efficiently improve the flexibility of the local electric distribution
grid using current technologies.
E.Article V,Section 9 of the City Charter permits the City Council,upon
recommendation of the City Manager,to make a supplemental appropriation by ordinance
at any time during the fiscal year,provided that the total amount of such supplemental
appropriation,in combination with all previous appropriations for that fiscal year,do not
exceed the current estimate of actual and anticipated revenues and all other funds to be
received during the fiscal year.
F.The City Manager has recommended the appropriation described herein
and determined that this appropriation is available and previously unappropriated from
the Light and Power Fund and will not cause the total amount appropriated in the Light
and Power Fund to exceed the current estimate of actual and anticipated revenues and
all other funds to be received in this Fund during this fiscal year.
G.Article V,Section 10 of the City Charter authorizes the City Council,upon
recommendation by the City Manager,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.
H.The City Manager has recommended the transfer of $148,985 from the
Light and Power Fund Water Heater Program Project Budget and $250,000 from the Light
and Power Fund Communication Protocol Project Budget to the Light and Power Fund
Ongoing Demand Response Project Budget,in the amount of $291,202 and Thermostat
Program Project Budget in the amount of $107,783;and determined that the following
purpose for which the transferred funds are to be expended remains unchanged:to
provide customer programs for the transition to the next generation electricity system
outlined in Our Climate Future (OCF),focusing on mitigation,resilience,and equity.
Article V,Section 11 of the City Charter authorizes the City Council to
designate in the ordinance when appropriating funds for a capital project,that such
appropriation shall not lapse at the end of the fiscal year in which the appropriation is
made,but continue until the earlier of the expiration of the federal,state or private grant
or the City’s expenditure of all funds received from such grant.
J.The City Council wishes to designate the appropriation herein for the Light
and Power Fund Ongoing Demand Response Project and Light and Power Fund
Thermostat Program Project Budget as an appropriation that shall not lapse until the
earlier of the expiration of the grant or the City’s expenditure of all funds received from
such grant.
In light of the foregoing Recitals,which the Council hereby makes and adopts as
determinations and findings,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1.The unexpended and unencumbered appropriated amount of ONE
HUNDRED FORTY-EIGHT THOUSAND NINE HUNDRED EIGHTY-FIVE DOLLARS
($148,985)and TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000)respectively,
totaling THREE HUNDRED NINETY-EIGHT THOUSAND NINE HUNDRED EIGHTY-
FIVE DOLLARS ($398,985),is authorized for transfer from the Light and Power Fund
Water Heater and Communication Protocol Project Budgets for the following purposes
and appropriated therein to be expended for Utilities Grid Flexibility programs projects as
follows:
-Light and Power Fund Ongoing Demand Response $291,202
-Thermostat Program $107,783
GRID FLEXIBILITY PROGRAM TOTAL:$398,985
Section 2.The appropriation herein for Light and Power Ongoing Demand
Response Project and the Light and Power Thermostat Program is hereby designated,
as authorized in Article V,Section 11 of the City Charter,as an appropriation that shall
not lapse at the end of this fiscal year but continue until the completion of the projects.
Introduced,considered favorably on first reading on January 16,2024,and
approved on second reading for final passage on February 6,2024.
ATTEST:
Interim City Clerk
AS 7
Effective Date:February 16,2024
Approving Attorney:Cyril Vidergar