HomeMy WebLinkAbout096 - 08/16/2011 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROGRAM Y ORDINANCE NO. 096, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN
PROGRAM YEARS IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, the City will receive in federal fiscal year 2011-2012 unanticipated revenue in
the form of federal Community Development Block Grant("CDBG")funds totaling$923,469; and
WHEREAS, the City will also receive unanticipated CDBG Program income in the 2011-
2012 federal fiscal year in the amount of$61,815 and has received unanticipated CDBG Program
income in the 2010-2011 federal fiscal year in the amount of$8,883; and
WHEREAS,unexpended funds are also available from the.CDBG Program from prior fiscal
years in the amount of$191,338; and
WHEREAS, by adoption of Resolution 2011-063 the City Council approved the 2011
Community Development Block Grant Program; and
WHEREAS, by adoption of Resolution 2011-064 the City Council authorized the City
Manager to transmit for approval the 2011 Fort Collins Consolidated Annual Action Plan to HUD
as required to receive the grant funds; 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 of such 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,ofthe 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 staffhas 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 2011.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated revenue
in the federal fiscal year 2011-2012 into the Community Development Block Grant Fund, the sum
of NINE HUNDRED TWENTY-THREE THOUSAND FOUR HUNDRED SIXTY-NINE
DOLLARS ($923,469), upon receipt thereof for federal fiscal year 2011-2012 Community
Development Block Grant Funds.
Section 2. That there is hereby appropriated for expenditure from unanticipated program
income revenue,upon receipt thereof into the Community Development Block Grant Fund,the sum
of SEVENTY THOUSAND SIX HUNDRED NINETY-EIGHT DOLLARS($70,698),for approved
Community Development Block Grant projects.
Section 3. That the unexpended and unencumbered amount of ONE HUNDRED
NINETY-ONE THOUSAND THREE HUNDRED THIRTY-EIGHT DOLLARS ($191,338) is
hereby authorized for transfer from the 2010-2011 Community Development Block Grant Program
to the 2011-2012 Community Development Block Grant Program and appropriated therein.
Introduced,considered favorably on first reading,and ordered published this 19th day of July,
A.D. 2011, and to be presented for final passage on the 16th day of August, A.D. 2011.
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Passed and adopted on final reading on the 16th day of August, A.D. 2011.
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