HomeMy WebLinkAbout115 - 08/03/1999 - APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE TRANSIT SERVICES FUND TO BE USED ORDINANCE NO. 1 15, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND PRIOR
YEAR RESERVES IN THE TRANSIT SERVICES FUND
TO BE USED FOR THE PROVISION OF TRANSIT SERVICES
WHEREAS, federal funding allocations for transit programs are not usually finalized until
after the City of Fort Collins' budget is adopted and funds are appropriated; and
WHEREAS, subsequent to the adoption of the City's 1998-1999 biennial budget and the
appropriation of 1999 funds, the Federal Transit Administration has awarded Fort Collins with
additional grant revenue totaling $498,172 to be used to provide service along the corridor from
downtown,along Colorado Highway 14,to Interstate 25,to replace existing transit vehicles,and to
acquire new radios and bus shelters, and for various planning projects; and
WHEREAS,the City's share of local matching funds,totaling$262,955,has been identified
and are available in the form of prior year reserves in the Transit Services Fund; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "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,do not exceed the then current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS,Article V,Section 9,of the Charter also permits the City Council to appropriate
by ordinance at any time during the fiscal year such funds for expenditure as may be available from
reserves accumulated in prior years, notwithstanding that such reserves were not previously
appropriated; and
WHEREAS, it is the desire of the Council to appropriate the total amount of$761,127,
consisting of Federal Transit Administration funds($498,172)and prior year reserves in the Transit
Services Fund($262,955), for the purpose of providing various transit services in 1999.
NOW, THEREFORE, BE IT ORDAINED BY ,rHE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure in the Transit Services Fund,
the sum of THREE HUNDRED SIXTY-NINE THOUSAND NINETY-EIGHT DOLLARS
($369,098) from the following sources:
Federal Transit Administration - Job Access Grant $ 184,549
Transit Services Fund - Prior Year Reserves 184,549
Total $ 369,098
to be used to operate a route from downtown Fort Collins along the Colorado Highway 14 corridor
to Interstate 25.
Section 2. That there is hereby appropriated for expenditure in the Transit Services Fund,
the sum ofNINETY-THREE THOUSAND SEVEN HUNDRED FIFTY DOLLARS($93,750)from
the following sources:
Federal Transit Administration - Section 5309 Grant $ 75,000
Transit Services Fund - Prior Year Reserves 18,750
Total $ 93,750
to be used to replace transit vehicles.
Section 3. That there is hereby appropriated for expenditure in the Transit Services Fund,
the sum ofTWO HUNDRED NINETY-EIGHT THOUSAND TWO HUNDRED SEVENTY-NINE
DOLLARS ($298,279) from the following sources:
Federal Transit Administration - Planning/Capital Grant $ 238,623
Transit Services Fund - Prior Year Reserves 59,656
Total $ 298,279
to be used for various planning and capital purchases.
Introduced and considered favorably on first reading and ordered published this 20th day of
July, A.D. 1999, and to be presented for final passage on the 3rd day of August, A.D. 1999.
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Mayor
ATTEST:
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City Clerk
Passed and adopted on final reading this 3rd day of August, A.D. 1999.
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Mayor
ATTEST:
Citv Clerk