HomeMy WebLinkAbout096 - 06/15/1999 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROGRAM Y ORDINANCE NO. 96, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN
PROGRAM YEARS IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
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 11, of the Charter provides that federal grant appropriations
shall not lapse if unexpended at the end of the budget year until the expiration of the federal grant;
and
WHEREAS, the City will receive in federal fiscal year 1999-2000 unanticipated revenue in
the form of federal Community Development Block Grant (CDBG) funds totaling $1,169,000,
constituting a new revenue source; and
WHEREAS, the City expects to receive CDBG Program income in the 1999-2000 federal
fiscal year in the amount of$50,000; and
WHEREAS, City staff has determined that the appropriation of unanticipated CDBG grant
revenue from the U.S. Department of Housing and Urban Development and unanticipated Program
Income in the amount of$50,000, will not result in total appropriations in excess of the current
estimate of actual and anticipated revenues for fiscal year 1999; and
WHEREAS, by adoption of Resolution 99-70, the City Council approved the 1999-2000
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 federal fiscal year 1999-2000 into the Community Development Block Grant Fund, the sum of
ONE MILLION ONE HUNDRED SIXTY-NINE THOUSAND DOLLARS ($1,169,000), upon
receipt thereof from federal fiscal year 1999-2000 Community Development Block Grant Funds.
Section 2. That there is hereby appropriated from unanticipated program income revenue for
approved Community Block Grant projects,upon receipt thereof into the Community Development
Block Grant Fund, the amount of FIFTY THOUSAND DOLLARS ($50,000) for approved
Community Development Block Grant projects.
Introduced,considered favorably on first reading,and ordered published this 1 st day of June,
A.D. 1999, and to be presented for final passage on the 15th day of June, A.D. 1999.
Mayor
ATTEST:
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City Clerk
Passed and adopted on final reading this 15th day of June, A.D. 1999.
Mavor
ATTEST:
City Clerk