HomeMy WebLinkAbout060 - 06/02/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL ARE ORDINANCE NO. 060, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND
FOR THE PURPOSE OF PROVIDING NATURAL AREAS PROGRAMMING NOT
INCLUDED IN THE 2015 ADOPTED CITY BUDGET
WHEREAS, the City is committed to preserving natural areas and providing educational,
interpretive and appropriate recreational opportunities to the public; and
WHEREAS, Natural Areas programming implements open land conservation priorities
identified in the City's Comprehensive Plan by purchasing conservation easement interests in
key natural areas, community separators, or other open lands; providing stewardship for lands
purchased; and developing trails and interpretive features for public use; and
WHEREAS, the Natural Areas Department is funded primarily through the collection of
City Open Space - Yes sales and use tax revenue, as well as revenues from the Larimer County
Help Preserve Open Space sales and use tax, investment earnings, and other miscellaneous
revenues deposited in the Natural Areas Fund; and
WHEREAS, Article V, Section 11 of the City Charter requires all appropriations
unexpended or unencumbered at the end of the fiscal year lapse to the applicable general or
special revenue fund, except appropriations for capital projects and federal or state grants do not
lapse until completion of the capital project or expiration of the respective grant; 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, City Staff recommends appropriating from prior year reserves in the Natural
Areas Fund $8,300,000, comprised of $5,781,753 in unspent and unencumbered appropriations
from 2014 and $2,518,247 in unanticipated revenue and prior year reserves, to be used for
acquisition, construction, enhancement and maintenance of trail systems, wildlife habitat and
other natural areas to benefit the citizens of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLMS that there is hereby appropriated for expenditure from prior year reserves in the
Natural Areas Fund the sum of EIGHT MILLION THREE HUNDRED THOUSAND
DOLLARS ($8,300,000) to be used for acquisition, construction, enhancement and maintenance
of trail systems, wildlife habitat and other natural areas to benefit the citizens of the City.
- 1 -
Introduced, considered favorably on first reading, and ordered published this 19th day of
May, A.D. 2015, and to be presented for final passage on the 2nd day of June, A.D. 2015.
-�<
of Foar eo<` Mayor
ATTEST: ?N
SEAL
City Clerk
Passed and adopted on final reading on the 2nd day of June, A.D. 2015.
Mayor
ATTEST:
�r OF'FogT
-.0
iy
City Clerk 0.•.
Zo'ADO
- 2 -