Title
Ordinance No. 16-4 amending Ordinance No. 14-101 (2015 Appropriation Ordinance) for a Supplemental Appropriation to the General Fund in the amount of $2,100,000 to transfer the voter-approved retained estimated 2014 revenues above the 2014 Fiscal Year Revenue/Spending Limitations to the Capital Improvements Program Fund, and to the Capital Improvements Program Fund in the Amount of $2,100,000 for the Voter-Approved Park Trail Improvements
Body
From:
Kara Skinner, Chief Financial Officer
Summary:
The attached ordinance is a supplemental appropriation for the General Fund in the amount of $2.1 million to transfer the 2014 fiscal year revenue collected in excess of the 2014 fiscal year spending limitation, which voters approved to be retained and spent by the City to the Capital Improvements Fund for the voter-approved park trail improvements. The supplemental appropriation to the General Fund is required to accomplish a transfer of the $2.1 million to the Capital Improvements Program Fund. The supplemental appropriation to the Capital Improvements Program Fund is required to appropriate funds to the park trail projects.
On November 3, 2015, voters approved Ballot Issue 2D-the City's request to retain and spend up to $2.1 million in estimated 2014 fiscal year revenues of the City that exceed the 2014 fiscal year spending limitation for park trail improvements. The ballot measure earmarks the funding for the repair, renovation and improvement to existing segments of priority multi-use trails in the City for the trail corridors listed below:
? Homestead Trail - reconstruction, signage and improvements
? Palmer Mesa Trail - reconstruction, signage and improvements
? Pikes Peak Greenway - reconstruction and signage
? Rock Island Trail - reconstruction and signage
? Sand Creek Trail - retainage walls, signage and improvements
? Shooks Run Trail - reconstruction, signage and improvements
? Sinton Trail - reconstruction, signage ...
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