HomeMy WebLinkAbout162 - 01/16/1990 - APPROPRIATING UNANTICIPATED REVENUE IN THE BENEFITS FUND (FOR MEDICAL PLAN PREMIUMS) ORDINANCE NO. 162, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE BENEFITS FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to appropriate by ordinance
unanticipated revenue received as a result of rate or fee increases or new
revenue sources at any time during the year; and
WHEREAS, pursuant to Resolution 89-227 additional funds will be
received by the Benefits fund with the increase in employee medical
premiums; and
WHEREAS, Article V, Section 8 of the Charter authorizes Council to
provide by ordinance for payment of any expense, the actual necessity of
which is caused by an unforeseen contingency arising after the passage of
the annual appropriation ordinance; and
WHEREAS, the benefits plan as adopted by the Council anticipates City
expenditures for medical claim costs for 1990 which exceed those
anticipated at the time of adoption of the annual budget.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the
Benefits Fund the sum of NINE HUNDRED TEN THOUSAND ONE HUNDRED SIXTY ONE
DOLLARS ($910,161) for medical plan premiums.
Introduced, considered favorably on first reading, and ordered
published this 19th day of December A.D. 1989, and to be presented for
final passage on the 16th day of January, A.D. 1990.
V
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 16th day of January, A.D.
1990.
r'
Mayor
ATTEST:
Al
City Clerk