HomeMy WebLinkAbout131 - 12/04/2012 - AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROGRAM YEARS IN THE COMMUNITY DEVELOPMENT BLOCK ORDINANCE NO. 131, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN
PROGRAM YEARS IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS,unexpended funds are available from the Community Development Block Grant
(CDBG) program from prior fiscal years in the amount of$750,000; and
WHEREAS, the unexpended appropriations are available to be transferred and re-allocated
to a 2012 CDBG program; and
WHEREAS, by adoption of Resolution 2012-105 the City Council approved the 2012
Community Development Block Grant Program; and
WHEREAS, Article V, Section 9 of the City Charter permits City Council to make
supplemental appropriations by ordinance at any time during the fiscal year, provided that the total
amount ofsuch supplemental appropriations,in combination with all previous appropriations for that
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 10,of the City Charter authorizes the City Council to transfer
by ordinance any unexpected 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 funds were
initially appropriated no longer exists; and
WHEREAS, Article V, Section 11, of the City Charter provides that federal grant
appropriations shall not lapse if unexpended at the end of the budget year until the expiration of the
federal grant; and
WHEREAS,City staff has determined that the appropriation of all unanticipated CDBG grant
and program revenue as described herein will not result in total appropriations in excess of the
current estimate of actual and anticipated revenues for fiscal year 2012.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the unexpended and unencumbered amount of SEVEN HUNDRED FIFTY
THOUSAND DOLLARS ($750,000) is hereby authorized for transfer from the 2010 and 2011
Community Development Block Grant Program to the 2012-2013 Community Development Block
Grant Program and appropriated therein.
Introduced, considered favorably on first reading, and ordered published this 20th day of
November,A.D.2012,and to be presented for final passage on the 4th day of December,A.D.2012.
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Passed and adopted on final reading on the 4th day of December, A.D. 2012.
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