HomeMy WebLinkAbout1992-181-12/15/1992-AMENDMENT 1 ARTICLE X, SECTION 20 EMERGENCY RESERVES UNSPENT MONEYS RESOLUTION 92-181
OF THE COUNCIL OF THE CITY OF FORT COLLINS
DESIGNATING CERTAIN UNSPENT MONEYS AS ADDITIONS TO RESERVES
IN THE FISCAL/CALENDAR YEAR 1992
WHEREAS, the City of Fort Collins, Colorado, has deposited or will deposit
on or before December 31, 1992, in the proper funds and accounts maintained by
the City or by trustees, escrow agents or depositories for the benefit or on
behalf of the City as required by the Charter and ordinances of the City all
moneys received and not expended on or before December 31, 1992 (the "Unspent
Moneys") , including moneys received on account of taxes, assessments, fees,
charges, State or local government grants, bond issues (including refunding bond
issues) investment income and any other moneys eligible for designation as
additions to reserves, to the extent permitted by Article X, Section 20 of the
State Constitution, and excluding only those moneys received on account of gifts,
Federal funds, collections for another government, pension contributions by City
employees, pension fund earnings, reserve transfers, damage awards, property
sales and any other moneys not eligible for designation as additions to reserves,
to the extent disallowed by Article X, Section 20 of the State Constitution.
WHEREAS, the City desires to designate the Unspent Moneys as additions to
reserves for the purposes for which said funds and accounts were created and not
as "emergency reserves" within the meaning of Article X, Section 20 of the State
Constitution in order that the Unspent Moneys may be considered "reserve
increases" in computing "fiscal year spending" as defined in Article X, Section
20 of the State Constitution.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that the Unspent Moneys are hereby designated as additions to reserves for the
purposes described above and not as "emergency reserves" within the meaning of
Article X, Section 20 of the State Constitution.
Passed and adopted at a regular meeting of the Council of the City of Fort
Collins held this 15th day of December, A.D. 1992.
tiAi1Y)
Mayor
ATTEST:
City C erc