HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/21/2002 - FIRST READING OF ORDINANCE NO. 077, 2002, APPROPRI AGENDA ITEM SUMMARY ITEM NUMBER: 16
DATE: May 21, 2002
FORT COLLINS CITY COUNCIL STAFF: Frank Bruno/
Dave Siever
, SUBJECT:
First Reading of Ordinance No. 077,2002,Appropriating Prior Year Reserves in the General Fund
for Cultural Development and Programming Activities.
RECOMMENDATION:
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT:
This Ordinance appropriates $61,846 for Cultural Development and Programming (CDP), and
$13,196 for Visitor Events from the General Fund Lodging Tax Reserves.
EXECUTIVE SUMMARY:
This Ordinance appropriates unexpended 2001 appropriations for Cultural Development and
Programming and Visitor Events.
Lodging tax revenue for 2001 was estimated to be $578,429, while the actual receipts totaled
$565,323. The 2002 budget appropriated the estimated 2001 receipts of $578,429. The excess
appropriations in the amount of$13,106 are no longer available to be spent. In accordance with
Section 25-244 of the City Code, 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 2002, the City's 2002 payment to the CVB has been set at $394,442. The total
2002 allocation of funds is as follows:
2002 Budget 2001 Receipts Difference
CVB $400,000 $394,442 $(5,558)
Tourism Capital 786 - (786)
Visitor Events 33,036 29,550 (3,486)
Visitor 75% $433,822 $423,992 $(9,830)
DATE: May 21 2002 2 ITEM NUMBER: 16
CDP 25% $144,607 $141,331 3 276
Total $578,429 $565,323 $(13,106)
The CDP and Visitor Events accounts each had funds from the previous years lodging tax allocations
which were appropriated,but not used during 2001. The unexpended 2001 appropriations are: CDP
-$61,846, and Visitor Events - $13,196. 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 support
events that provide a public benefit to the Fort Collins Community and promote the utilization of
public accommodations within the City. The City's Cultural Resources Board reviews applications
for these funds and make recommendations to the City Council.
• ORDINANCE NO. 077, 2002
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES
WHEREAS, in accordance with Section 25-244 of the City Code, lodging tax revenue
received by the City is to be allocated as follows: 75% for the promotion of convention and visitor
activities, and 25% for cultural development and programming activities; and
WHEREAS, the Cultural Development and Programming Account had appropriated funds
from 2001 in the amount of$61,846 that were not expended in 2001; and
WHEREAS, in addition, the Visitor Events Account had appropriated funds from 2001 in
the amount of$13,196 that were not expended in 2001; and
WHEREAS, at the end of 2001, all of the above lodging tax funds lapsed into the General
Fund Reserves for lodging taxes; and
WHEREAS,Article V,Section 9,of the Charter of the City of Fort Collins permits the City
Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as
may be available from reserves accumulated in prior years,notwithstanding that such reserves were
not previously appropriated; and
WHEREAS,the City wishes to appropriate all funds allocated for cultural development and
programming and visitor events.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of SIXTY-ONE THOUSAND EIGHT HUNDRED FORTY-SIX
DOLLARS ($61,846) for Cultural Development and Programming.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of THIRTEEN THOUSAND ONE HUNDRED NINETY-SIX
DOLLARS ($13,196) for Visitor Events.
•
Introduced,considered favorably on first reading,and ordered published this 21 st day of May
A.D. 2002, and to be presented for final passage on the 4th day of June, A.D. 2002.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 4th day of June, A.D. 2002.
Mayor
ATTEST:
City Clerk