HomeMy WebLinkAbout097 - 08/16/2011 - APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN PROGRAM Y ORDINANCE NO. 097, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE AND AUTHORIZING THE TRANSFER
OF APPROPRIATIONS BETWEEN PROGRAM YEARS IN THE HOME
INVESTMENT PARTNERSHIPS FUND
WHEREAS, the Home Investment Partnership Program (the "HOME Program") was
authorized by the National Affordable Housing Act of 1990 to provide funds in the form of
Participating Jurisdiction Grants for a variety of housing-related activities which would increase the
supply of decent, safe, and affordable housing; and
WHEREAS, on March 1, 1994,the City Council adopted Resolution 1994-092 authorizing
the Mayor to submit to the Department of Housing and Urban Development("HUD")a notification
of intent to participate in the HOME Program; and
WHEREAS, on May 26, 1994, HUD designated the City as a Participating Jurisdiction in
the HOME Program, allowing the City to receive an allocation of HOME Program funds as long as
Congress re-authorizes and continues to fund the program; and
WHEREAS, the City has been notified by HUD that the City's HOME Participating
Jurisdiction Grant for the federal fiscal year 2011-2012 is $599,259; and
WHEREAS, the City will also receive unanticipated HOME Program income in the 2011-
2012 federal fiscal year in the amount of$45,093; 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 that
fiscal year,do not exceed the then current estimate of actual and anticipated revenues to be received
during the fiscal year; and
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WHEREAS, Article V, Section 10,of the 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, City staff has determined that the appropriation of the HOME Program funds
as described herein will not cause the total amount appropriated in the HOME Program Fund to
exceed the current estimate of actual and anticipated revenues to be received in that fund during the
2011 fiscal year; 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 fiscal year until the expiration of the
federal grant.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
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Section 1. That there is hereby appropriated for expenditure from unanticipated revenue
in the federal fiscal year 2011-2012 in the HOME Program Fund the sum of FIVE HUNDRED
NINETY-NINE THOUSAND TWO HUNDRED FIFTY-NINE DOLLARS($599,259),upon receipt
from federal fiscal year 2011-2012 HOME Participating Jurisdiction Grant Funds.
Section 2. That there is hereby appropriated for expenditure from unanticipated program
income revenue, upon receipt thereof, in the HOME Program Fund the sum of FORTY-FIVE
THOUSAND NINETY-THREE DOLLARS ($45,093), for approved HOME Program projects.
Section 3. That the unexpended and unencumbered amount of THREE HUNDRED
FOURTEEN THOUSAND TWO HUNDRED EIGHTY-SEVEN DOLLARS ($314,287)is hereby
authorized for transfer from the 2010-2011 HOME Program projects to the 2011-2012 HOME
Program and appropriated therein.
Section 4. That the unexpended and unencumbered amount of TWENTY-FIVE
THOUSAND THREE HUNDRED TWENTY-EIGHT DOLLARS ($25,328) is hereby authorized
for transfer from the 2004-2005 HOME Program projects to the 2011-2012 HOME 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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ATTEST: Z
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City Clerk
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Passed and adopted on final reading on the 16th day of August, A.D. 2011.
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ATTEST:City Clerk