HomeMy WebLinkAbout055 - 06/06/2000 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR PROMOTION OF CONVENTION AND VISITOR ACTIVI ORDINANCE NO. 55, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR PROMOTION OF CONVENTION AND VISITOR ACTIVITIES AND FOR
CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES
WHEREAS, in accordance with Section 25-244 of the City Code, 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, in 1999 the City received lodging taxes in the amount of$12,668 in excess of
the original estimate for 1999 lodging tax receipts; and
WHEREAS, in addition, the Cultural Development and Programming Account had
appropriated funds from 1999 in the amount of$19,162 that were not expended in 1999; and
WHEREAS, in addition, the Visitor Events Account had appropriated funds from 1999 in
the amount of$10,971 that were not expended in 1999; and
WHEREAS, at the end of 1999, 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; and
WHEREAS, the City wishes to appropriate all funds allocated for the promotion of
convention and visitor activities and for cultural development and programming and visitor events.
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 TWENTY-TWO THOUSAND THREE HUNDRED TWENTY-
NINE DOLLARS ($22,329) 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 THIRTEEN THOUSAND THREE HUNDRED FORTY-SIX
DOLLARS ($13,346) for Visitor Events.
Section 3. That there is hereby appropriated for expenditure from prior year reserves in
the General Fund the total sum of SEVEN THOUSAND ONE HUNDRED TWENTY-SIX
DOLLARS ($7,126) for Tourism Capital.
Introduced, considered favorably on first reading, and ordered published this 16th day of
May, A.D. 2000, and to be presented for final passage on the 6th day of June, A.D. 2000.
Mayor
ATTEST:
/�& �Lri�
Chief Deputy City Clerk
Passed and adopted on final reading this 6th day of June, A.D. 20
Mayor
ATTEST:
)LL-,m� Cal
City Clerk