HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 05/07/2013 - FIRST READING OF ORDINANCE NO. 066, 2013, APPROPRIDATE: May 7, 2013
STAFF: Bev Gast
Kelly DiMartino
AGENDA ITEM SUMMARY
FORT COLLINS CITY COUNCIL 15
SUBJECT
First Reading of Ordinance No. 066, 2013, Appropriating Prior Year Reserves and Unanticipated Revenue in the
General Fund for Cultural Development and Programming Activities, Tourism Programming, and the Fort Collins
Convention and Visitors Bureau.
EXECUTIVE SUMMARY
This Ordinance appropriates $139,465, of which $57,571 is for 2013 Cultural Development and Programming Activities
(Fort Fund), $9,842 for 2013 Tourism Programming (Fort Fund), and $72,052 for 2013 Fort Collins Convention and
Visitors Bureau (CVB) from Unanticipated Revenue (Lodging Tax) and Prior Year Reserves (unspent appropriations)
in the General Fund Lodging Tax Reserves.
Lodging Taxes for 2012 were estimated at $815,000; actual Lodging Tax revenues collected equaled $1,011,840
($196,840 over estimate).
In 2013, the Fort Collins CVB is due to receive $740,552 based on 2012 Lodging tax collections and prior year
reserves. However, the CVB has already received $65,736 of the unanticipated $137,788 Lodging tax revenue in 2012
so only $72,052 is needed to be appropriated to the Fort Collins CVB.
BACKGROUND / DISCUSSION
Section 25-244 of the City Code requires that 75% of the total lodging tax receipts are to be used for the promotion
of convention and visitor activities and 25% for cultural development and programming activities. Actual revenue
collected is appropriated based on this allocation formula and any excess revenue as well as budget savings are
reserved by these activities in the General Fund balance.
FINANCIAL / ECONOMIC IMPACTS
Lodging Tax 2012 75% 25%
Promote Convention Promote Cultural Development
& Visitor Activities & Programming
Convention &
Visitors Bureau
70%
Fort Fund
(Tourism
Programming)
5%
Fort Fund
(Cultural Development
& Programming)
25%
Total
Unanticipated Lodging Tax 137,788 9,842 49,210 196,840
Unspent Appropriations -65,736 0 8,361 -57,375
Total 72,052 9,842 57,571 139,465
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
May 7, 2013 -2- ITEM 15
BOARD / COMMISSION RECOMMENDATION
The City’s Cultural Resources Board reviews applications for Fort Fund and makes recommendations to the City
Council. This fund supports events that provide a public benefit to the Fort Collins community, and promotes the
utilization of public accommodations within the city.
ORDINANCE NO. 066, 2013
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED
REVENUE IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT
AND PROGRAMMING ACTIVITIES, TOURISM PROGRAMMING, AND THE FORT
COLLINS CONVENTION AND VISITORS BUREAU
WHEREAS, Section 25-244 of the City Code requires that 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, at the end of 2012, a total of $1,011,840 in lodging tax revenues was collected
and lapsed into the General Fund Reserves for lodging tax programs and activities; and
WHEREAS, prior year reserves and unanticipated revenue in the amount of $139,465 is to
be appropriated for each of the lodging tax programs and activities as follows; and
• Cultural Development and Programming $ 57,571
• Tourism Programming $ 9,842
• Fort Collins Convention and Visitors Bureau $ 72,052
WHEREAS, Article V, Section 9 of the City Charter 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, Article V, Section 9 of the City Charter permits the City Council to make
supplemental appropriation by ordinance at any time during the fiscal year, provided that the total
amount of such supplemental appropriations, in combination with all previous appropriations for
that fiscal year, does not exceed the current estimate of actual and anticipated revenues to be
received during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of the revenue as described
herein will not cause the total amount appropriated in the General Fund to exceed the current
estimate of actual and anticipated revenues to be received in that fund during any fiscal year; and
WHEREAS, the City wishes to appropriate all funds allocated for Cultural Development and
Programming, Tourism Programming, and the Fort Collins Convention and Visitors Bureau.
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 FIFTY SEVEN THOUSAND FIVE HUNDRED SEVENTY ONE
DOLLARS ($57,571) for Cultural Development and Programming activities.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in
the General Fund the total sum of NINE THOUSAND EIGHT HUNDRED FORTY TWO
DOLLARS ($9,842) for the Tourism Programming.
Section 3. That there is hereby appropriated for expenditure from prior year reserves in
the General Fund the total sum of SEVENTY THOUSAND FIFTY TWO DOLLARS ($72,052) for
the Fort Collins Conventions and Visitors Bureau.
Introduced, considered favorably on first reading, and ordered published this 7th day of May,
A.D. 2013, and to be presented for final passage on the 21st day of May, A.D. 2013.
_________________________________
Mayor
ATTEST:
_____________________________
City Clerk
Passed and adopted on final reading on the 21st day of May, A.D. 2013.
_________________________________
Mayor
ATTEST:
_____________________________
City Clerk