HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 06/04/2002 - SECOND READING OF ORDINANCE NO. 077, 2002, APPROPR AGENDA ITEM SUMMARY ITEM NUMBER: 8
FORT COLLINS CITY COUNCIL DATE: June 4, 2002
FROM: Frank Bruno/
Dave Siever
SUBJECT :
Second 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 Second Reading.
EXECUTIVE SUMMARY:
This Ordinance, which was unanimously adopted on First Reading on May 21, 2002, appropriates
unexpended 2001 appropriations for Cultural Development and Programming and Visitor Events.
I
i
' AGENDA ITEM SUMMARY ITEM NUMBER: 16
DATE: May 21, 2002
FORT COLLINS CITY COUNCIL Frank Bruno/
STAFF: Dave Siever
SUBJECT:
First Reading of Ordinance No.077,2002,Appropriating Prior Year Reserves in the General Fund
i for Cultural Development and Programming Activities.
RECOMMENDATION:
if A
Staff recommends adoption o CeOrdikce:o i t Reading
i
A
FINANCIAL IMPACT:
i
This Ordinance appropriates $61,846 for Cultural Development and Programming (CDP), and
$13,196 for Visitor Events from the General Fund Lodging Tax Reserves.
C 0 -Ph y
EXECUTIVE SUMMARY:
This Ordinance appropriates unexpended 2001 appropriations for Cultural Development and
Programming and Visitor Events.
Lodging tax revenue for 2 Gwas ated 8,4 while the actual receipts totaled
$565,323. The 2002 budgett the ti ted 2001 eceipts of $578,429. The excess
appropriations in the amount 6 are no longer availa a 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 Receiots 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: 2 ITEM NUMBER:
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 reco ti a '1.