HomeMy WebLinkAbout077 - 06/04/2002 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIV ORDINANCE NO. 077, 2002
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES
WHEREAS, in accordance with Section 25-244 of the City Code, lodging tax revenue
received by the City 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 appropriated funds
from 2001 in the amount of$61,846 that were not expended in 2001; and
WHEREAS, in addition, the Visitor Events Account had appropriated funds from 2001 in
the amount of$13,196 that were not expended in 2001; and
WHEREAS, at the end of 2001, 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 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 SIXTY-ONE THOUSAND EIGHT HUNDRED FORTY-SIX
DOLLARS ($61,846) 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 ONE HUNDRED NINETY-SIX
DOLLARS ($13,196) for Visitor Events.
Introduced,considered favorably on first reading,and ordered published this 21 st day of May
A.D. 2002, and to be presented for final passage on the 4th day of June, A.D. 2002.
Mayor , ,,, �.
ATTEST:
4
City Clerk
Passed and adopted on final reading this 4th day of June, A.D. 2002.
Mayor
ATTEST:
City Clerk