HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 06/06/2000 - SECOND READING OF ORDINANCE NO. 55, 2000, APPROPRI AGENDA ITEM SUMMARY ITEM NUMBER: 7
DATE: June 6, 2000
FORT COLLINS CITY COUNCIL STAFF: Frank Bruno
Dave Siever
SUBJECT:
Second Reading of Ordinance No.55,2000,Appropriating Prior Year Reserves in the General Fund
for Promotion of Convention and Visitor Activities and for Cultural Development and Programming
Activities.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on Second Reading.
EXECUTIVE SUMMARY:
Ordinance No. 55, 2000, which was unanimously adopted on First Reading on May 16, 2000,
appropriates 1999 lodging tax receipts dedicated to the Convention and Visitors Bureau, Cultural
Development and Programming (CDP), Visitor Events, and Tourism Capital. In addition, it
appropriates unexpended 1999 appropriations for CDP and visitor events.
AGENDA ITEM SUMMARY ITEM NUMBER: 14
DATE: May 16, 2000
FORT COLLINS CITY COUNCIL prank Bruno
STAFF: Dave Siever
SUBJECT:
First Reading of Ordinance No. 55, 2000, Appropriating Prior Year Reserves in the General Fund
for Promotion of Convention and Visitor Activities and for Cultural Development and Programming
Activities.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
This Ordinance appropriates $42,801 from the General Fund Lodging Tax Reserves for the Convention and
Visitors Bureau,Cultural Development and Programming(CDP),Visitor Events,and Tourism Capital from the
following sources: Visitor
VB �CDP Events Coital Total
Unappropriated 1999 Lodging Tax 1tceipts r ( 67 $ 2,375 $7,126 $12,668
Unexpended 1999 Appropriations ? 62 10.971 -- 30.133
Total Appropriated by this Ordinance $0 $22,329 $13,346 $7,126 $42,801
EXECUTIVE SUMMARY:
This Ordinance appropriates 1999 lodging tax receipts dedicated to the Convention and Visitors
Bureau, Cultural Development and Programming�CDP), Visitor Events, and Tourism Capital. In
addition,it appropriates unexp ed I99 ppr2a rns orb P d visitor events. The following
u
information explains each of se
Lodging tax revenue for 1999 was estimated tote$5425Wwhile the actual receipts totaled
$555,248. The 2000 budget appropriated the estimated 1999 receipts of$542,580. The additional
1999 lodging tax receipts in the amount of$12,668 have not been appropriated. In accordance with
City Code Section 25-244, 75%of the total receipts are to be used for the promotion of convention
and visitor activities, and 25% for cultural development and programming (CDP) activities. In
accordance with the City's contract for services with the Convention and Visitors Bureau(CVB)for
1996, the City's 1996 payment to CVB was set at $250,000, with annual increases at a rate not to
exceed the prevailing rate of inflation as established by the Denver-Boulder Consumer Price Index.
The total 2000 allocation of funds is as follows:
DATE: May 16, 2000 2 ITEM NUMBER: 14
2000 Budget 1999 Receipts Difference
CVB $284,360 $284,360 $ 0
Tourism Capital 91,931 99,057 7,126
Visitor Events 30,644 33,019 2,375
Visitor 75% $406,935 $416,436 $9,501
CDP 25% $135,645 $138,812 $3,167 .
Total $542,580 $555,248 $12,668
The Cultural Development and Programming(CDP)'-and Visitor Events funds are in the General
Fund reserves for lodging taxes i'and muss be appropriated to 6e used to support events that provide
a public benefit to the Fork Collins , Community and promote the utilization of public
accommodations within the city: The City's Cultural Resources Board reviews applications for
these funds and will make recommendations to the City Council.
The CDP and Visitor Events accounts also had funds from the previous years lodging tax allocations
which were appropriated,but not used during 1999. The unexpended 1999 appropriations for CDP
are $19,162, and for Visitor Events, $10,971. These funds are in the General Fund reserves for
lodging taxes and must be appropriated into the CDP and Visitor Events accounts to be used to
promote cultural development and programming activities.
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