HomeMy WebLinkAbout065 - 07/02/1991 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN THE GENERAL FUND FOR CULTURAL DEVELOP ORDINANCE NO. 65, 1991
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES
AND UNANTICIPATED REVENUE
IN THE GENERAL FUND
WHEREAS, Article V, Section 8, of the Charter of the City of Fort Collins
authorizes the City Council to provide by ordinance for payment of any expense
from reserves accumulated in prior years notwithstanding that such reserves were
not appropriated for expenditure in the annual appropriation ordinance; and
WHEREAS, Article V, Section 15, of the Charter of the City of Fort Collins
permits the Council to transfer any unexpended appropriated amount from one fund
to another provided the purpose for the initial expenditure no longer exists;
and
WHEREAS, in 1990, the City received lodging taxes of $5,945 in excess of
the original estimate; and
WHEREAS, in accordance with Ordinance 127, 1989, these funds are to be
allocated as follows: 25% for cultural development and programming activities,
and 75% for the promotion of convention and visitor activities; and
WHEREAS, the Cultural Development and Programming Account had funds from
prior year's allocations in the amount of $6,433 which were not spent in 1990
and should be made available to it in 1991 ; and
WHEREAS, at the end of 1990 all the above lodging tax funds lapsed into
the General Fund Reserves for lodging taxes; and
WHEREAS, the City has received $4,000 from the Chamber of Commerce as
reimbursement of Cultural Development Programming funds because the purpose of
the funds was to help fund the New West Fest and the Chamber is no longer
sponsoring the New West Fest; and
WHEREAS, Nine Dollars in miscellaneous revenue has been received into the
General Fund this year and should be appropriated into the Cultural Development
Programming account.
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 sum of TWELVE THOUSAND THREE HUNDRED
SEVENTY-EIGHT DOLLARS ($12,378) to be allocated as follows:
1990 Additional 1990
Lodging Tax Carry-Over
Cultural Development and Programming Account $ 1,486 $ 6,433
Fort Collins Convention and Visitors Bureau 4,459 - 0 -
SUBTOTALS $ 5,945 $ 6,433
COMBINED TOTAL $12,378
Section 2. That there is hereby appropriated from unanticipated revenue
in the General Fund the sum of FOUR THOUSAND NINE DOLLARS ($4,009) for Cultural
Development and Programming.
Introduced, considered favorably on first reading, and ordered published
this 4th day of June, A.D. 1991, and to be presented for final passage on the
2nd day of July, A.D. 1991 .
-
Ma r
ATTEST:
City Clerk
Passed and adopted on final reading this nd day of July, A.D. 1991 .
M yor
ATTEST:
2_
City Clerk