HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/20/2003 - FIRST READING OF ORDINANCE NO. 079, 2003, APPROPRI AGENDA ITEM SUMMARY ITEM NUMBER: 17
DATE: May 20, 2003
FORT COLLINS CITY COUNCIL STAFF: Darin Atteberry/
Dave Siever
SUBJECT:
First Reading of Ordinance No. 079, 2003, 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 $49,828 for Cultural Development and Programming (CDP), and
$9,071 for Visitor Events from the General Fund Lodging Tax Reserves.
EXECUTIVE SUMMARY:
This Ordinance appropriates unexpended 2002 appropriations for Cultural Development and
Programming and Visitor Events.
Lodging tax revenue for 2002 was estimated to be $601,566, while the actual receipts totaled
$574,134. The 2003 budget appropriated the estimated 2002 receipts of$601,566. The excess
appropriations in the amount of$27,432 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 2003, the City's 2003 payment to the CVB has been set at $395,000. The
total 2003 allocation of funds is as follows:
DATE: ITEM NUMBER:
2003 Budget 2002 Receipts Difference
CVB $412,000 $395,000 $(17,000)
Tourism Capital 4,062 5,774 1,712
Visitor Events 35,112 29,826 (5.286)
Visitor75% $451,174 $430,600 $(20,574)
CDP 25% $150,392 $143,534 6 858
Total $601,566 $574,134 $(27,432)
The CDP and Visitor Events accounts each had funds from the previous years lodging tax
allocations which were appropriated, but not used during 2002. The unexpended 2002
appropriations are: CDP - $49,828, and Visitor Events - $9,071. 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. 079, 2003
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 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 2002 in the amount of$49,828 that were not expended in 2002; and
WHEREAS, in addition, the Visitor Events Account had appropriated funds from 2002 in
the amount of$9,071 that were not expended in 2002; and
WHEREAS, at the end of 2002, 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 FORTY-NINE THOUSAND EIGHT HUNDRED TWENTY-EIGHT
DOLLARS ($49,828)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 NINE THOUSAND SEVENTY-ONE DOLLARS($9,071)for Visitor
Events.
Introduced,considered favorably on first reading,and ordered published this 20th day of May
A.D. 2003, and to be presented for final passage on the 3rd day of June A.D. 2003.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 3rd day of June A.D. 2003.
Mayor
ATTEST:
City Clerk