HomeMy WebLinkAbout1990-139-10/02/1990-1991 POUDRE FIRE AUTHORITY BUDGET REVENUE ALLOCATION FORMULA RESOLUTION 90- 139
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING A REVENUE ALLOCATION FORMULA TO
DEFINE THE CITY OF FORT COLLINS' CONTRIBUTION
TO THE POUDRE FIRE AUTHORITY BUDGET FOR THE YEAR 1991
WHEREAS, the City of Fort Collins (the "City") entered into an
intergovernmental agreement dated December 22, 1981, with the Poudre Valley
Fire Protection District (the "District") , creating the Poudre Fire
Authority (the "Authority") as an independent governmental entity; and
WHEREAS, the Authority has adopted a preliminary budget for the fiscal
year ending December 31 , 1991, and submitted that budget to the City
Council ; and
WHEREAS, the Authority's budget shall become final only after approval
of the appropriations by the governing bodies of the City and the District;
and
WHEREAS, as a part of it intergovernmental agreement, the City agreed
to contribute funding for maintenance and operation costs to the Authority
based on a "Revenue Allocation Formula" which shall be set annually based
upon a percentage of sales and use tax revenues (excluding sales and use
tax revenue which must be spent on specific projects) and a portion of the
operating mill levy of the City's property taxes; and
WHEREAS, the dollar amount of the City's contribution, determined
through the use of the "Revenue Allocation Formula" shall be based upon the
City's revenue projections made during the City's budgetary process; and
WHEREAS, the Authority provides fire protection services to all
properties within the City limits and the City has a continuing commitment
to provide funding to the Authority to accomplish the provision of these
public safety services.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the following revenue allocation formula be adopted as the
City's contribution to the Poudre Fire Authority for the year 1991 :
REVENUE ALLOCATION FORMULA
The City will contribute to the Poudre Fire Authority a sum equal to .303
of one cent of the City's 2.25 Sales and Use Tax rate applicable to sales
and use tax revenues (excluding sales tax revenue which must be spent on
specific projects) and a sum equal to 5.159 mills of the operating mill
levy of the City's property taxes to provide for maintenance and operation
costs, including equipment replacement, of Poudre Fire Authority.
Passed and adopted at a regular meeting of the City Council held this
2nd day of October, 1990.
Mayor
ATTEST
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City Clerk