City-Initiated Proposed Charter Amendment No. 3 - Amending Sections 9 and 11 of Charter Article V Concerning City Council Appropriations

Shall Sections 9 and 11 of Article V of the City of Fort Collins Charter be amended to provide that City Council may make supplemental appropriations from not only the City’s actual and expected revenues in a fiscal year, but also from all other sources of funds the City receives or expects to receive during the fiscal year, and to provide that the City Council may designate by ordinance as non-lapsing its annual and supplemental appropriations for capital projects and for federal, state and private grants and donations until the completion of the capital project or until the earlier of the expiration of the federal, state or private grant or donation or the city’s expenditure of all funds received from such grant or donation, but without limiting the City Council’s ability to terminate earlier any such capital project or federal, state or private grant or donation?