HomeMy WebLinkAbout052 - 05/01/2018 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN THE GENERAL FUND FOR CULTURAL DEVELOP 1
ORDINANCE NO. 052, 2018
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
THE FORT COLLINS CONVENTION.AND VISITORS BUREAU
WHEREAS, Section 25-244(b) of the City Code requires that 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, lodging tax revenue was estimated at $1,282,600 for 2017 and appropriated;
and
WHEREAS, at the end of 2017, a total of$1,520,567 in lodging tax revenues had been
collected and the unspent portions lapsed into the General Fund Reserves for lodging tax programs
and activities; and
WHEREAS, unanticipated lodging-tax revenue in the amount of $237,967 held in the
General Fund Reserves is to be appropriated for each of the lodging tax programs and activities as
follows: $59,492 for Cultural Development and Programming; $11,898 for Tourism
Programming; and $166,577 for Fort Collins Convention and Visitors Bureau; and
WHEREAS, unexpended 2017 appropriations of lodging tax revenue in the amount of
$244,874 have lapsed and were returned to the General Fund, and are to be appropriated for
lodging tax programs and activates based on the use specified when they were first appropriated,
as follows: $182,897 for Cultural Development and Programming; $14,975 for Tourism
Programming; and $47,002 for Fort Collins Convention and Visitors Bureau; and
WHEREAS, this Ordinance appropriates the unanticipated lodging tax revenue and the
unexpended 2017 appropriations of lodging tax revenue to make the full payment to the Fort
Collins Convention and Visitors Bureau and the Fort Fund Cultural .Development and
Programming in the amount of$482;841; 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 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, the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the General
Fund and 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,this appropriation benefits public health, safety, and welfare of the citizens of
Fort Collins and serves the public purpose of promoting visitor activities as well as cultural
development and programming activities; and
WHEREAS, the City wishes to appropriate funds allocated for Cultural Development and
Programming, Tourism Programming, and the Fort Collins Convention and Visitors Bureau.
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 FORTY-TWO THOUSAND THREE
HUNDRED EIGHTY-NINE DOLLARS ($242,389)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 TWENTY-SIX THOUSAND EIGHT HUNDRED
SEVENTY-THREE DOLLARS ($26,873) for Tourism Programming.
Section 4. That there is hereby appropriated for expenditure from prior year reserves
in the General Fund the total sum of TWO HUNDRED THIRTEEN THOUSAND FIVE
HUNDRED SEVENTY-NINE DOLLARS ($213,579) for the Fort Collins Conventions and
Visitors Bureau.
Introduced, considered favorably on first reading, and ordered published this 17th day of
April, A.D. 2018, and to be presented for final passage on the 1 st day of May, A.D. 2018.
Mayor
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Passed and adopted on final reading on the 1 st day of May, A.D. 2018.
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