HomeMy WebLinkAbout141 - 12/18/2007 - APPROPRIATING UNANTICIPATED REVENUE IN THE CITY SALES AND USE TAX FUND AND AUTHORIZING THE TRANSFER ORDINANCE NO. 141, 2007
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CITY SALES AND USE TAX FUND AND AUTHORIZING
THE TRANSFER OF APPROPRIATED AMOUNTS BETWEEN FUNDS
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 current estimate of actual and
anticipated revenues to be received during the fiscal year; and
WHEREAS,Article V, Section 10,of the Charter authorizes the City Council to transfer by
ordinance any unexpended and unencumbered amount or portion thereof from one fund to another
fund, provided that the purpose for which the transferred funds are to be expended remains
unchanged; and
WHEREAS, the City has unanticipated sales and use tax revenue available to appropriate;
and
WHEREAS,the City wishes to provide for the transfers listed below and the City Manager
recommends that these transfers be made.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the Sales and Use Tax
fund the sum of TWO MILLION SIX HUNDRED SIXTY-SEVEN THOUSAND DOLLARS
($2,667,000) for transfer to the following funds:
Transfer to General Fund $2,000,000
Transfer to 0.25 cent Building on Basics Capital Projects Fund 222,333
Transfer to 0.25 cent Natural Areas Fund 222,333
Transfer to 0.25 cent Transportation Services Fund 222,334
Total $2,667,000
Introduced, considered favorably on first reading, and ordered published this 4th day of
December, A.D. 2007, and to be presented for final passage on t 8th day of December, A.D.
2007.
J10
Mayo
�rrEST:
City Clerk
Passed and adopted on final reading on the 18th day of Ptcfrnber, A.D. 2007.
Mayo
ATTEST:
City Clerk