HomeMy WebLinkAbout096 - 07/19/1988 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS ORDINANCE NO. 96, 1988
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING UNANTICIPATED REVENUE AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROJECTS IN
THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 15 of the Charter of the City of Fort
Collins permits the Council to appropriate unanticipated revenue at any
time during the year in which such revenue is received and to transfer
appropriated amounts from one project to another project; and
WHEREAS, the City will receive Federal Community Development Block
Grant (CDBG) funds totalling $653,000; and
WHEREAS, funds are also available from anticipated CDBG program income
totalling $50,000 and appropriated CDBG program contingency in the amount
of $100,000; and
WHEREAS, by Resolution 88-107 the City Council has adopted the 1988-89
Community Development Block Grant Program.
NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1 . That there is hereby appropriated for expenditure from
unanticipated revenue in the Community Development Block Grant Fund the sum
of SEVEN HUNDRED THREE THOUSAND DOLLARS ($703,000) for the 1988-89
Community Development Block Grant Program.
Section 2. That the existing program appropriations in the amount of
ONE HUNDRED THOUSAND DOLLARS ($100,000) be authorized for transfer from the
CDBG contingency funds to the approved 1988-89 Community Development Block
Grant projects.
Introduced, considered favorably on first reading, and ordered
published this 5th day of July, A.D. 1988, and to be presented for final
passage on the 19th day of July, A.D. 1988.
Assistant Mayor
TEST:
City Clerk
Passed and adopted on final reading this 19th day--of-July, A.D. 1988.
Acting. Mayor'
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City Clerk