HomeMy WebLinkAbout070 - 05/20/1997 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT AND PROGRAMMING AND T ORDINANCE NO. 70, 1997
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES
IN THE GENERAL FUND
WHEREAS, in 1996 the City received lodging taxes of$34,526 in excess of the original
estimate for 1996 lodging tax receipts; and
WHEREAS,the excess lodging tax receipts have not been appropriated in the 1997 budget;
and
WHEREAS,the City wishes to appropriate all funds allocated for cultural development and
programming and tourism programming; and
WHEREAS, in accordance with Ordinance No. 127, 1989, 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 previously unappropriated 1996 lodging tax receipts allocated to cultural
development and programming total $8,632; and
WHEREAS, the previously unappropriated lodging tax receipts allocated to tourism
programming total $6,473; and
WHEREAS, in addition, the Cultural Development and Programming Account had
appropriated funds from 1996 in the amount of$10,999 that were not expended in 1996; and
WHEREAS, at the end of 1996, 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.
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 NINETEEN THOUSAND SIX HUNDRED THIRTY ONE
DOLLARS ($19,631) 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 SIX THOUSAND FOUR HUNDRED SEVENTY-THREE
DOLLARS ($6,473) for tourism programming.
Introduced, considered favorably on first reading, and ordered d this 6th day of May
A.D. 1997, and to be presented for final passage on the 20th day D. 1997
Mayor
ATTEST:
4,L
City Clerk
Passed and adopted on final reading this 20th day of May, 199
Mayor
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AT, T:
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