HomeMy WebLinkAbout050 - 08/19/1975 - AMENDING SECTION 30-2 OF THE CITY CODE TO CREATE AN ENTERPRISE FUND r
ORDINANCE NO 50 1975
BEING AN ORDINANCE AMENDING SECTION 30 2
OF THE CODE OF THE CITY OF FORT COLLINS
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
Section 1 That Section 30 2 of the Code of the City of Fort
Collins be, and the same hereby is, amended by adding thereto an
additional Subsection F as follows
' H Enterprise Fund There is hereby created a special fund to
be known as the Enterprise Fund Such fund shall consist of
accounts representing revenue producing enterprises of the City
which the City Council desires and directs be maintained as
separate accounts
"(1) Assets in such fund shall be segregated into separate
accounts which shall describe the purposes for hhich such
accounts were placed in the Enterprise fund Such accounts
shall initially include a Golf Course Account The
Golf Course Account shall consist of all golf course
assets in the General Fund as of the effective date of
this ordinance The Director of Finance is directed to
identify and segregate such assets and to place the same
in the fund hereby created To be included in the assets
to be appropriated to this fund shall be all amounts
appropriated into the General Fund for the year 1975
related to the golf courses of the city
' (2) There shall be deposited to such fund such amounts as
the City Council may from time to time appropriate to
this fund and in addition all income from the assets
of the accounts in this fund shall become an asset of the
appropriate account in the fund
"(3) hxpenditures may be made from such fund from time to time
to satisfy the purposes for which such amounts here
received or appropriated and disbursements from accounts
within the fund shall be made only for the purpose for
which such account was created provided, however, that
if there are amounts in any account in excess of the amount
required to satisfy the purpose of such account the Council
may by ordinance authorize the transfer of such excess
amount to any other account or any other fund of the City
Introduced considered favorably on first reading and ordered
published this 5th day of August A D 1975 and to be presented
for final passage on the 19th day of August A D 1975
ATTEST mayor
City C er
Passed and adopted on final reading this 19th day of
August A D 1975
C y7f
ATTEST Mayor
O(G aon...✓
City Clerk D ty
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