Loading...
HomeMy WebLinkAbout035 - 04/20/2010 - APPROPRIATING UNANTICIPATED GRANT REVENUE AND APPROPRIATING ADDITIONAL UNANTICIPATED REVENUES IN THE ORDINANCE NO. 035, 2010 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE AND APPROPRIATING ADDITIONAL UNANTICIPATED REVENUES IN THE LIGHT AND POWER FUND FOR THE NORTHERN COLORADO ENERGY STAR NEW HOMES PROGRAM AND AUTHORIZING THE TRANSFER OF MATCHING FUNDS PREVIOUSLY APPROPRIATED IN THE LIGHT AND POWER OPERATING BUDGET WHEREAS, the State of Colorado's Governor's Energy Office (the "GEO") has awarded to the City of Fort Collins Utilities Energy Service program a grant in the amount of$50,000, (the "Grant"); and WHEREAS, the City will use this $50,000 to promote the ENERGY STAR New Homes Program; and WHEREAS, the Grant requires a cash match from the City in the amount of$15,000 and these funds are currently available from existing 2010 appropriations in the Light and Power Fund; and WHEREAS, the Grant requires an additional cash match from other regional program partners in the amount of$41,000 in 2010; and WHEREAS, a net of$44,381, which was previously received from the program partners in 2009, will be appropriated; and WHEREAS, the programs funded by the Grant are designed to aid the City in reaching Energy Policy goals for energy conservation and renewable energy sources as approved by the City Council in Resolution 2003-008; and WHEREAS, Article V, Section 9, of the City 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 the fiscal year, does not exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, Article V, Section 9, of the City Charter 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, Article V, Section 10, of the City Charter authorizes the City Council to transfer by ordinance any unexpended and unencumbered amount or portion 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; and WHEREAS, City staff has determined that the appropriation of the Grant as described herein will not cause the total amount appropriated in the Light and Power Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund during the fiscal year•, and NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated from unanticipated revenue in the Light and Power Fund the sum of FIFTY THOUSAND DOLLARS ($50,000) for expenditure in the Light,and Power Fund for the Northern Colorado ENERGY STAR New Homes Program. Section 2. That the unexpended appropriated amount of FIFTEEN THOUSAND DOLLARS ($15,000) is hereby authorized for transfer from the Light and Power operating budget to the Light and Power grant projects for the Northern Colorado ENERGY STAR New Homes Program. Section 3. That there is hereby appropriated from unanticipated revenue in the Light and Power Fund the sum of FORTY ONE THOUSAND DOLLARS ($41,000) for expenditure in the Light and Power Fund for the Northern Colorado ENERGY STAR New Homes Program. Section 4. That there is hereby appropriated from prior year reserves in the Light and Power Fund the sum of FORTY FOUR THOUSAND THREE HUNDRED EIGHTY ONE DOLLARS ($44,381) for expenditure in the Light and Power Fund for the Northern Colorado ENERGY STAR New Homes Program. Introduced, considered favorably on first reading, and ordered published this 6th day of April, A.D. 2010, and to be presented for final passage on the 20tlfday of April, A.D. 2010. all - Mayor *ATTEST:-. City Clerk -2- l Passed and adopted on final reading on the 20th day of pril, A.D. 2010. at O L . Mayor ATTEST: -City Clerk -3-