HomeMy WebLinkAbout027 - 03/07/2017 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN THE GENERAL FUND FOR CULTURAL DEVELOP I
ORDINANCE NO. 027, 2017
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED
REVENUE IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT
AND PROGRAMMING ACTIVITIES, TOURISM PROGRAMMING,
- AND CONVENTION AND VISITOR PROGRAM SERVICES
WHEREAS, City Code Section 25-244 requires that City Lodging Tax revenue be
allocated as follows: 75% for the promotion of convention and visitor activities and 25% for
cultural development and programming activities; and
WHEREAS, the 2016 Lodging Tax revenue was estimated to be $1,166,000, and a total
of$1,453,809 in Lodging Tax revenues was actually collected; and
WHEREAS, staff has recommended that unanticipated 2016 Lodging Tax revenue in the
amount of$171,209 held in the General Fund Reserves be appropriated in 2017 for Lodging Tax
programs and activities as follows:
• Cultural Development and Programming $42,802
• Tourism Programming $8,560
• Convention and Visitors Program Services $119,847; and
WHEREAS, staff has further recommended that unexpended 2016 appropriations of
Lodging Tax revenue in the amount of $184,776, which have lapsed and were returned to the
General Fund be appropriated for Lodging Tax programs and activities in 2017, based on the use
specified when they were first appropriated, as follows: _
• Cultural Development and Programming $178,776
• Tourism Programming $6,000; and
WHEREAS, the total additional 2017 appropriations are $355,985 to make the full
payment to the Fort Collins Convention and Visitors Bureau under the agreement between the
City and the Bureau, and the Fort Fund Cultural Development and Programming account; and
WHEREAS, Article V, Section 9 of the City Charter 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, Article V, Section 9, of the City Charter further permits the City Council to
make supplemental'appropriations by ordinance at any time during the fiscal year, provided that
the total amount of such supplemental appropriations, in combination with all previous
appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated
revenues to be received during the fiscal year; and
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WHEREAS,'City staff has determined that the appropriation of the revenue as described
herein will not cause the total amount appropriated in the General Fund to exceed the current
estimate of actual and anticipated revenues to be received in that fund during any fiscal year; and
WHEREAS, the City Council wishes to appropriate all Lodging Tax revenues to be
allocated under the City Code for Cultural Development and Programming, Tourism
Programming, including funds to be paid to the Fort Collins Convention and Visitors Bureau and
unanticipated and lapsed Lodging Tax revenues from 2016.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That there is hereby appropriated for expenditure from prior year reserves
in the General Fund the total sum of TWO HUNDRED TWENTY ONE THOUSAND FIVE
HUNDRED SEVENTY EIGHT DOLLARS ($221,578) for Cultural Development and
Programming activities.
Section 3. That there is hereby appropriated for expenditure from prior year reserves
in the General Fund the total sum of FOURTEEN THOUSAND FIVE HUNDRED SIXTY
DOLLARS ($14,560) for Tourism Programming.
Section 4. That there is hereby appropriated for expenditure from prior year reserves
in the General Fund the total sum of ONE HUNDRED NINETEEN THOUSAND EIGHT
HUNDRED FORTY SEVEN DOLLARS ($119,847) for Convention and Visitors Program
Services.
Introduced, considered favorably on first reading, and ordered published this 21st day of
February, A.D. 2017, and to be presented for final passage on the 7th day of March, A.D. 2017.
Mayor
ATTEST: EORTcolt
Vv W
SEAL
City Clerk
COLORA�O
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Passed and adopted on final reading on the 7th day of March, A.D. 2017.
�.o¢r Co,
Mayor
ATTEST: :o
COLOR��
W
(A) rf )
City Clerk
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