HomeMy WebLinkAbout072 - 07/17/1990 - APPROPRIATING PRIOR YEAR RESERVES AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN CAPITAL PRO ORDINANCE NO. 72, 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS
BETWEEN CAPITAL PROJECTS WITHIN THE
PARKLAND FUND
WHEREAS, Article V, Section 8, of the Charter of the City of Fort
Collins authorizes the City Council to provide by ordinance for payment of
any expense from reserves accumulated in prior years, notwithstanding that
such reserves were not appropriated for expenditure in the annual
appropriation ordinance; and
WHEREAS, during 1985 and succeeding years income of approximately
Twenty-two Thousand Dollars ($22,000) has been received from the rental of
property at Rogers Park; and
WHEREAS, Article V, Section 5, of the Charter of the City of Fort
Collins requires that capital projects be itemized in the budget by
individual project; and
WHEREAS, the result of such itemization is that each individual
capital project in the budget is treated as a separate fund; and
WHEREAS, Article V, Section 15 of the Charter authorizes the City
Council to transfer by ordinance any unexpended appropriated amounts or
portion thereof from one fund to another upon the recommendation of the
City Manager, provided that the purpose for the initial expenditure of said
funds no longer exists; and
WHEREAS, One Hundred Twenty Thousand Dollars ($120,000) was saved
during the construction of Troutman Park; and
WHEREAS, the City Manager has recommended that Seventy-eight Thousand
Dollars ($78,000) be transferred from Troutman Park savings to the Rogers
Parks Project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1 . That there is hereby appropriated from prior year reserves
in the Parkland Fund the sum of TWENTY-TWO THOUSAND DOLLARS ($22,000) for
construction of Rogers Park.
Section 2. That the unexpended appropriated amount of SEVENTY-EIGHT
THOUSAND DOLLARS ($78,000) be authorized for transfer from the Troutman
Park capital project to the Rogers Park capital project within the Parkland
Fund.
Introduced, considered favorably on first reading, and ordered
published this 3rd day of July, A.D. 1990, and to be presented for final
passage on the 17th day of July, A.D. 1990.
yor
ATTEST:
City Clerk
Passed and adopted on final reading this 17th day of July, A.D. 1990.
A 0& Aw&d&�-
hTayor
ATTEST:
AUL
City Clerk