ORDINANCE NO. 2623

 

AN ORDINANCE DESIGNATING CERTAIN AMOUNTS IN FUND BALANCE AS RESERVES FOR FUTURE YEARS FOR THE CITY OF GRAND JUNCTION, COLORADO, IN THE FISCAL YEAR ENDING DECEMBER 31, 1992.

 

BE IT ORDAINED BY THE CITY COUNCIL OF TEH CITY OF GRAND JUNCTION:

 

SECTION 1. That the following sums of money be and the same are hereby designated as reserves for future years from within the fund balances as indicated:

 

 

 

 

Designated Reserve

Estimated 1992 Reserve Increase

 

General Fund

$8,019,494

$0

 

Enhanced 911

296,725

212,580

 

Visitor and Conventions Fund

281,142

0

 

Downtown Development Authority Oper. Fund

29,054

0

 

Parkland Expansion Fund

520,460

178,623

 

Golf Course Expansion Fund

120,359

5,029

 

Economic Development fund

858,050

21,786

 

Downtown Development Authority Tax Increase Fund

45,374

32,374

 

Sales Tax Capital Improvement Fund

997,172

1,015,866

 

DDA TIF Capital Improvement Fund

458,491

0

 

Street Assessment Projects Fund

106,831

114,005

 

Two Rivers Convention Fund

28,970

0

 

Swimming Pools Fund

44,183

0

 

Cemetery Perpetual Care Fund

775,473

20,721

 

Data Processing Fund

164,533

0

 

Equipment Fund

1,770,330

0

 

Self Insurance Fund

867,387

331,709

 

Communications Center Fund

13,750

0

 

 

Section 2. That any and all year-end district fund balances shall be considered a "reserve increase" and therefore a part of 1992 "fiscal year spending" within the meaning of Article X, Section 20 (2) (e) of the Colorado Constitution.

 

PASSED and ADOPTED this 16th day of December, 1992.

 

APPROVED:

 

Reford Theobold

____________________

President of the Council

 

ATTEST:

 

Neva B. Lockhart, CMC

____________________

City Clerk

 

I HEREBY CERTIFY that the foregoing ordinance, being Ordinance No. 2623, was introduced, read, and ordered published by the City Council of the City of Grand Junction, Colorado, at a regular meeting of said body held on the 2nd day of December, 1992, and that the same was published in The Daily Sentinel, a newspaper published and in general circulation in said City, at least ten days before its final passage.

 

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 17th day of December, 1992.

 

Neva B. Lockhart

____________________

Neva B. Lockhart, CMC

City Clerk

 

Published: December 4, 1992

 

Published: December 22, 1992

 

Effective: January 21, 1993