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HomeMy WebLinkAbout128 - 11/05/1985 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND FOR TRANSFER TO THE CAPITAL PR ORDINANCE N0. 128 , 1985 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND AND APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND WHEREAS, Article V, Section 8, of the Charter of the City of Fort Collins permits the Council to appropriate reserves accumulated in prior years at any time during the year; and WHEREAS, Article V, Section 15, of the Charter of the City of Fort Collins permits the Council to appropriate unanticipated revenue received at any time during the year; and WHEREAS, proceeds from the sale of three buses were incorrectly entered as revenue in the Transportation Services Fund in 1983; and WHEREAS, these funds need to be located in the Capital Projects Fund; and WHEREAS , Transfort Capital Reserves in the Transportation Services Fund are available to correct the error. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from prior year reserves in the Transportation Services Fund the sum of Ten Thousand Four Hundred Ninety-Eight Dollars ($10,498) for transfer to the Capital Projects Fund, and appropriated for expenditure in the Capital Projects Fund for the Transfort Bus Facility Project. Introduced , considered favorably on first reading, and ordered published this 15th day of October, A.D. 1985, and to be presented for final passage on the 5th day of November, A.D. 1985. M yor ATTEST: City Clerk 1985.Passed and adopted on final reading this 5th day of November, A.D. Mfyor ATTEST� City Clerk