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HomeMy WebLinkAbout177 - 11/21/2006 - RELATING TO THE ANNUAL APPROPRIATIONS FOR THE FISCAL YEAR 2007; AMENDING THE BUDGET FOR THE FISCAL Y ORDINANCE NO. 177, 2006 OF THE COUNCIL OF THE CITY OF FORT COLLINS BEING THE ANNUAL APPROPRIATION ORDINANCE RELATING TO THE ANNUAL APPROPRIATIONS FOR THE FISCAL YEAR 2007; AMENDING THE BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2007, AND ENDING DECEMBER 31, 2007; AND FDGNG THE MILL LEVY FOR FISCAL YEAR 2007 WHEREAS,on November 15,2005,the City Council adopted on second reading Ordinance No. 132,2005,thereby approving a biennial budget for the years beginning on January 1,2006, and January 1, 2007; and WHEREAS, the City Manager has submitted to the Council proposed amendments to the 2007 budget adopted by the Council in Ordinance No. 132, 2005; and WHEREAS, Article V, Section 4, of the City Charter(the "Charter") requires that, before the last day of November of each fiscal year, the Council shall appropriate on a fund basis and by individual project for capital projects and federal or state grant projects, such sums of money as it deems necessary to defray all expenditures of the City during the ensuing fiscal year based upon the budget as approved by the Council; and WHEREAS, Article V, Section 5, of the Charter provides that the annual appropriation ordinance shall also fix the tax levy upon each dollar of the assessed valuation of all taxable property within the City, such levy representing the amount of taxes for City purposes necessary to provide for payment during the ensuing fiscal year for all properly authorized expenditures to be incurred by the City, including interest and principal of general obligation bonds; and WHEREAS, Article JGI, Section 6, of the Charter permits the Council to fix, establish, maintain, and provide for the collection of such rates,fees,or charges for water and electricity, and for other utility services furnished by the City as will produce revenues sufficient to pay into the General Fund in lieu of taxes on account of the City-owned utilities such amount as may be established by Council; and WHEREAS, Article V, Section 10, of the Charter authorizes the Council to transfer by ordinance any unexpended and unencumbered appropriated amount orportion thereof from one fund or capital project to another fund or capital project, provided that the purpose for which the transferred funds are to be expended remains unchanged; the purpose for which the funds were initially appropriated no longer exists; or the proposed transfer is from a fund or capital project in which the amount appropriated exceeds the amount needed to accomplish the purpose specified in the appropriation ordinance. NOW, THEREFORE, BE rr ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLL NS as follows: Section 1. That the Council has reviewed the City Manager's recommended changes to the"2007 Proposed Appropriations"section of the Fort Collins 2006 and 2007 Biennial Budget(the "Biennial Budget"), as shown on pages 33 through 34 of the Operating Budget thereof, a copy of which Biennial Budget is on file with the office of the City Clerk, and hereby amends the Biennial Budget so as to reflect the following changes: 2007 Proposed Appropriations Amount of Existing Adjustments As Amended GENERAL FUND $99,712,237 $(2,315,315) $97,396,922 ENTERPRISE FUNDS Golf $ 2,558,154 $52,812 $2,610,966 Light&Power Operating 85,237,065 85,237,065 Capital: Substation Improvements 281,000 281.000 Total Light &Power 85,518,065 0 85,518,065 Storm Drainage Operating 9,424,557 9,424,557 Capital: Basin Master Planning 75,000 75,000 Canal Importation Basin 5,000,000 5,000,000 Developer Repays 75,000 75,000 Drainage Systems Enhancements 365,000 365,000 Total Storm Drainage 14,939,557 0 14,939,557 Wastewater Operating 17,390,784 17,390,784 Capital: Collection System Replacement 855,000 855,000 Collection System Study 50,000 50,000 Sludge Disposal Improvements 125,000 125,000 Water Reclamation Replacement Program 863,000 863,000 Total Wastewater 19,283,784 0 19,283,784 Water Operating 25,175,934 25,175,934 Capital: Distribution System Replacement 735,000 735,000 Halligan Reservoir Expansion 13,758,000 13,758,000 Meter Conversion Program 854,500 854,500 Southwest System Improvements 400,000 400,000 Water Production Replacement Program 500,000 500,000 2 Water Supply Development 100,000 100,000 Total Water 41,523,434 0 41,523,434 TOTAL ENTERPRISE FUNDS $163,822,994 $ 52,812 $163,875,806 INTERNAL SERVICE FUNDS Benefits $25,987,173 $25,987,173 Communications 1,413,982 1,334,000 2,747,982 Equipment 7,060,266 (30,842) 7,029,424 Self Insurance 3,167,263 11,457 3,178,720 Utility Customer Service &Administration 11,747,114 11,747,114 TOTAL INTERNAL SERVICE FUNDS $49,375,798 _ $1,314,615 $50,690,413 SPECIAL REVENUE&DEBT SERVICE FUNDS Capital Improvement Expansion Fund $ 490,507 $490,507 Capital Leasing Corporation 5,730,934 5,730,934 Cemeteries 651,677 (26,178) 625,499 Cultural Services &Facilities 4,003,963 (83,612) 3,920,351 Debt Service 1,348,081 1,348,081 General Employees'Retirement 2,602,110 2,602,110 Natural Areas Fund 10,663,044 124,189 10,787,233 Perpetual Care 73,612 73,612 Recreation 7,744,198 (168,199) 7,575,999 Sales &Use Tax 73,158,152 2,737,210 75,895,362 Special Assessments Debt Service 0 0 Street Oversizing 5,137,336 5,137,336 Transit Services 8,880,215 743,163 9,623,378 Transportation Services 26,975,620 Z (653,520) 26,322.100 TOTAL SPECIAL REVENUE&DEBT SERVICE FUNDS $147A59,449 $2,803,053 $150,262,502 2 673 053 $150,132,502 CAPITAL IMPROVEMENT FUNDS General City Capital City Bridge Program $300,000 $300,000 Spring Canyon Community Park 29,070 29,070 Total General City Capital $329,070 0 $329,070 1/4 Cent BCC - Streets and Transportation Mason Transportation Corridor 1,000,000 0 1,000,000 3 Total 1/4 Cent BCC - Streets and Transportation $1,000,000 0 $1,000,000 1/4 Cent Natural Areas Capital Transfer to Natural Areas Fund 608,171 608,171 Total 1/4 Cent Natural Areas Capital $ $608,171 $608,171 1/4 Cent BCC-Natural Areas &Parks Capital Transfer to Natural Areas Fund 198,094 198,094 Total 1/4 Cent BCC-Natural Areas &Parks Capital $ $198,094 $198,094 1/4 Cent Buildine on Basics Administration 0 $50,000 $50,000 Fort Collins Museum/Discovery Science Center Joint Facility 0 5,433,750 5,433,750 Pedestrian Plan and ADA Improvements 0 310,500 310,500 Total 1/4 Cent Natural Areas and Parks $ 0 $5,794,250 $5,794,250 Conservation Trust Fund Administration $ 290,612 $ 290,612 Fossil Creek Trail 50,000 50,000 Open Space Acquisition 10,000 10,000 Trail Acquisition, Development&Repair 240,100 240,100 Transfer to General Fund-Parks Maintenance 521,685 125,000 646,685 Tri-City Trails 30,000 30,000 Total Conservation Trust Fund $1,142,397 $125,000 $1,267,397 Neighborhood Parkland Fund Administration $ 343,606 21,425 $ 365,031 Golden Meadows Park 100,000 100,000 Lee Martinez Park Addition 75,000 75,000 New Park Site Acquisition 150,000 150,000 New Park Site Development 150,000 150,000 Old Fort Collins Heritage Park 50,000 50,000 Park Site Equipment 15,000 15,000 Provincetowne Park 130,000 130,000 Richards Lake Park 100,000 100,000 Trail Head Park 50,000 50,000 Total Neighborhood Parkland Fund $1,163,606 $21,425 $1,185,031 TOTAL CITY FUNDS $464,005,551 $8,472,105 $472,477,656 4 Section 2. Apnronriations. That there is hereby appropriated out of the revenues of the City of Fort Collins,for the fiscal year beginning January 1,2007,and ending December 31,2007,the sum of FOUR HUNDRED SEVENTY TWO MILLION FOUR HUNDRED SEVENTY-SEVEN THOUSAND SIX HUNDRED FIFTY-SIX DOLLARS ( $472,477,656) to be raised by taxation and otherwise,which sum is deemed by the Council to be necessary to defray all expenditures of the City during said budget year, to be divided and appropriated for the purposes shown in Section 1 above. Section 3. Mill Levy. a. That the 2007 mill levy rate for the taxation upon each dollar of the assessed valuation of all the taxable property within the City of Fort Collins as of December 31, 2006, shall be 9.797 mills,which levy represents the amount of taxes for City purposes necessary to provide for payment during the aforementioned budget year of all properly authorized expenditures to be incurred by the City, including interest and principal of general obligation bonds. b. The City Clerk shall certify this levy of 9.797 mills to the County Assessor and the Board of Commissioners of Latimer County,Colorado,in accordance with the applicable provisions of law, as required by Article V, Section 5, of the Charter of the City of Fort Collins. Introduced, considered favorably on first reading, and ordered published this 17th day of October,A.D. 2006, and to be presented for final passage o e 21 st day of Novemb A.D. 2006. Mayor AT TEST: __l M City Clerk Passed and adopted on final reading this 21st day of 7 mber, A.D. 2006. Mayor ATTEST: Q V LA � - � � City Clerk �++9� 5