City of Colorado Springs - File #: 15-00285

• File #: 15-00285
• Version: 2
• Type: Ordinance
• Status: Mayor's Office
• File created: 5/1/2015
• In control: City Council
• On agenda: 7/28/2015
• Final action: 7/28/2015
• Title: Ordinance No. 15-41 amending Ordinance No. 14-101 (2015 Appropriation Ordinance) for a supplemental appropriation to the General Fund in the amount of $558,447 for repairs due to hail damage that was incurred on May 21, 2014, an increase in insurance premiums, and an increase in court-appointed attorney costs; and to the Parking System Fund in the amount of $31,937, and the Patty Jewett Golf Fund in the amount of $10,138 for repairs due to hail damage that was incurred on May 21, 2014

Date	Ver.	Action By	Action	Result
7/28/2015	2	City Council	finally passed	Pass
7/14/2015	1	City Council	approved on first reading	Pass
6/22/2015	1	Council Work Session	referred

Title
Ordinance No. 15-41 amending Ordinance No. 14-101 (2015 Appropriation Ordinance) for a supplemental appropriation to the General Fund in the amount of $558,447 for repairs due to hail damage that was incurred on May 21, 2014, an increase in insurance premiums, and an increase in court-appointed attorney costs; and to the Parking System Fund in the amount of $31,937, and the Patty Jewett Golf Fund in the amount of $10,138 for repairs due to hail damage that was incurred on May 21, 2014

Body
From:
Kara Skinner, Chief Financial Officer

Summary:
The attached ordinance is a supplemental appropriation for General Fund in the amount of $558,447 for repairs due to hail damage that was incurred on May 21, 2014, an increase in insurance premiums, and an increase in court-appointed attorney costs; and to the Parking System Fund in the amount of $31,937, and the Patty Jewett Golf Fund in the amount of $10,138 for repairs due to hail damage that was incurred on May 21, 2014.

Previous Council Action:
On December 9, 2014, City Council approved the original 2015 Budget per Ordinance No. 14-101, which included the appropriation of funds for the General Fund, Parking System Fund, and Patty Jewett Golf Fund.

Background:
This supplemental appropriation is for the following purposes:

? Hail Damage: Several City facilities incurred hail damage on May 21, 2014. The total cost of repairs is estimated to be $226,018. The City filed a claim with its insurance company for the damages and has received $115,050. The deductible is $50,000. The City expects to receive an additional $60,968 from the insurance company once the repairs have been made. The General Fund's share of the deductible in the amount of $40,692 is not included in the supplemental request; therefore, the amount of the supplemental appropriation request to the General Fund and Enterprise Funds for hail damage is $185,326. See attached Exhibit A for a breakdown of the repai...