HomeMy WebLinkAbout046 - 05/03/2022 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVORDINANCE NO.046, 2022
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES,
TOURISM PROGRAMMING, AND CONVENTION AND
VISITOR PROGRAM SERVICES
WHEREAS, Section 25-244 of the Code of the City of Fort Collins requires that the City
allocated 75% of Lodging Tax revenue for the promotion of convention and visitor activities and
25% for cultural development and programming activities; and
WHEREAS, Lodging Tax revenue was estimated at $1,619,877 for 2021 and appropriated;
however, actual Lodging Tax receipts were less than projected due to the impact of the COVID-
19 pandemic on travel and tourism; and
WHEREAS, at the end of 2021, a total of $1,581,361 in Lodging Tax revenues had been
collected; and
WHEREAS, unexpended 2021 appropriations of Lodging Tax revenue in the amount of
$292,114 have lapsed and were returned to the General Fund, and are to be appropriated for
Lodging Tax programs and activities based on the use specified when they were first appropriated,
as follows:
Cultural Development and Programming $181,643
Tourism Programming $110,471; and
WHEREAS, these additional funds will help support a future Fort Fund grant process; and
WHEREAS, this appropriation benefits public health, safety and welfare of the citizens of
Fort Collins and serves the public purpose of promoting visitor activity and cultural development
and programming activities; and
WHEREAS, Article V, Section 9 of the City Charter permits the City Council, upon the
recommendation of the City Manager, to make supplemental appropriations 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 Interim City Manager has recommended the appropriation described
herein and determined that this appropriation is available and previously unappropriated from the
General Fund and will not cause the total amount appropriated in the General Fund to exceed the
current estimate of actual and anticipated revenues and all other funds to be received in this Fund
during this fiscal year; and
WHEREAS, the City wishes to appropriate funds allocated for Cultural Development and
Programming and Tourism Programming.
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NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That the City Council hereby appropriates for expenditure from prior year
reserves in the General Fund the sum of ONE HUNDRED EIGHTY-ONE THOUSAND SIX
HUNDRED FORTY-THREE DOLLARS ($181,643) to be expended in the General Fund for
Cultural Development and Programming activities.
Section 3. That the City Council hereby appropriates for expenditure from prior year
reserves in the General Fund the sum of ONE HUNDRED TEN THOUSAND FOUR HUNDRED
SEVENTY-ONE DOLLARS ($110,471) to be expended in the General Fund for Tourism
Programming.
Introduced, considered favorably on first reading, and ordered published this 19th day of
April, A.D. 2022, and to be presented for final passage on the 3rd day of May, A.D. 2022.
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City Clerk
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Passed and ado ted on final reading on 3rd day of May, A.D. 2022.
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City Clerk