HomeMy WebLinkAbout041 - 04/21/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE WASTEWATER FUND TO FUND THE REPLACEMENT OF TWO DAMAGED TRUC ORDINANCE NO. 041, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE WASTEWATER
FUND TO FUND THE REPLACEMENT OF TWO DAMAGED TRUCKS
WHEREAS, unanticipated revenue was received in 2014 from the Risk Management
Fund and from insurance proceeds of $222,794 to compensate the Wastewater Utility for two
damaged trucks that were totaled in separate accidents in 2014; and
WHEREAS, this unanticipated revenue contributed to increased Wastewater Reserves at
year end 2014 in this same amount; and
WHEREAS, Utilities is proposing to replace these vehicles for a total cost of$278,406 in
2015 to maintain ongoing operations; and
WHEREAS, Utilities is requesting $272,794 from the Wastewater Fund Reserves for
these purchases of which $222,794 is from unanticipated revenue from 2014 that rolled into
reserves and $50,000 is being requested to be appropriated from the Wastewater Capital Outlay
Reserve; and
WHEREAS, the remainder of the required funding of $5,612 will come from existing
2015 budgets; 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.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the
Wastewater Fund the sum of TWO HUNDRED SEVENTY-TWO THOUSAND SEVEN
HUNDRED AND NINETY -FOUR DOLLARS ($272,794) to be used for the purchase of two
vehicles to benefit the citizens of the City.
Introduced, considered favorably on first reading, and ordered published this 17th day of
March, A.D. 2015, and to be presented for final passage on the 21st day of April, A.D. 2015.
qy OF.FART C'y LyIL Z-
°� °o� May r
ATTEST: 9L y
0
��0 ADO
City Clerk
- 1 -
Passed and adopted on final reading on the 21 st day of April, A.D. 2015.
Mayor
ATTEST:
AO FORTC0
U SEAL "°
City Clerk CpLORPpO
- 2 -