HomeMy WebLinkAbout083 - 07/05/1988 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE CONVENTION AND VISITORS BUREAU, CULTUR ORDINANCE NO. 83, 1988
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES
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 prior year reserves at any time such reserves are
available; and
WHEREAS, in 1987 the City received lodging taxes of $17,553 above the
original estimate; and
WHEREAS, in accordance with Ordinance No. 32-87, these funds are to be
allocated 70% to the Convention and Visitor's Bureau, 20% to the Cultural
Development and Programming Account, and 10% to the Maintenance and
Mitigation Account; and
WHEREAS, the Cultural Development and Programming Account had funds
from its 1987 allocation in the amount of $5,658 which were not spent in
1987 and should be made available to it in 1988; and
WHEREAS, at the end of 1987 all of the above lodging tax funds lapsed
into the General Fund Reserve for lodging taxes.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from prior year
reserves in the General Fund the total sum of TWENTY-THREE THOUSAND TWO
HUNDRED ELEVEN DOLLARS ($23,211) , to be allocated as follows:
Convention and Visitor's Bureau $12,287
Cultural Development and Programming Account 9, 169
Maintenance and Mitigation Account 1 ,755
$23,211
Introduced, considered favorably on first reading, and ordered
published this 7th day of June, A.D. 1988, and to be presented for final
passage on the 5th day of July, A.D. 1988.
- � �
Mayor�-
ATTEST:
City Clerk
Passed and adopted on final reading this 5th day of July, A.D. 1988.
Mayor
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City Clerk