HomeMy WebLinkAbout082 - 07/21/1992 - APPROPRIATING REVENUE IN GENERAL FUND TO CULTURAL DEVELOPMENT ACCOUNT AND CONVENTION AND VISITORS BU ORDINANCE NO. 82 , 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING REVENUE IN THE GENERAL FUND
TO THE CULTURAL DEVELOPMENT AND PROGRAMMING ACCOUNT
AND TO THE FORT COLLINS CONVENTION AND VISITORS BUREAU.
WHEREAS, Article V, Section 7, 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 accumulated in prior years notwithstanding that such
reserves were not appropriated for expenditure in the annual appropriation
ordinance; and
WHEREAS, in 1991, the City received lodging taxes of $17,822 in excess of
the original estimate for 1991 lodging tax receipts; 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 Cultural Development and Programming Account had funds from
allocations in prior years in the amount of $10,395; and
WHEREAS, at the end of 1991, 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-eight Thousand Two Hundred Seventeen Dollars
($28,217) to be allocated as follows:
1991 Additional
Lodging Tax 1991 Carry-Over
Cultural Development and
Programming Account $ 4,456 $ 10,395
Fort Collins Convention and
Visitors Bureau 13,366 -0-
SUBTOTALS $17,822 $ 10,395
COMBINED TOTAL $ 28,217
Introduced, considered favorable on first reading, and ordered published
this 7th day of July A.D. 1992, and to be presented for final passage on the 21st
day of July, A.D. 1992 J
lJ
Mayor
ATTEST:
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City Clerk Z�
Passed and adopted on final reading this 21st day of July, A.D. 1992.
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Mayor
ATTEST:
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City Cle