HomeMy WebLinkAbout037 - 04/04/2023 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVORDINANCE NO.037,2023
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES,
TOURISM PROGRAMMING,AND CONVENTION AND VISITOR PROGRAM SERVICES
WHEREAS,Section 25-244 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 $1,800,000 for 2022 and appropriated;
however,actual Lodging Tax receipts were greater than projected;and
WHEREAS,at the end of 2022,a total of $2,039,310 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 $239,310 held in the
General Fund Reserves is to be appropriated for each of the Lodging Tax programs and activities
as follows:
•Cultural Development and Programming $59,827
•Tourism Programming $11,966
•Fort Collins Convention and Visitors Bureau $167,517
and
WHEREAS,unexpended 2022 appropriations of Lodging Tax revenue in the amount of
$359,358 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:
•Cultural Development and Programming $201,700
•Tourism Programming $157,658
and
WHEREAS,these additional funds will help support a future Fort Fund grant process;and
WHEREAS,this appropriation benefits public health,safety and welfare of the citizens of
Fort Collins and serves the public purpose of promoting visitor activity and cultural development
and programming activities;and
WHEREAS,Article V,Section 9 of the City Charter permits the City Council,upon the
recommendation of the City Manager,to make supplemental appropriations 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 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
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estimate of actual and anticipated revenues and all other funds to be received in this Fund during
this fiscal year;and
WHEREAS,the City wishes to appropriate funds allocated for Cultural Development and
Programming and Tourism Programming.
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 prior year reserves in the General Fund
the sum of TWO HUNDRED SIXTY-ONE THOUSAND FIVE HUNDRED TWENTY-SEVEN
DOLLARS ($261,527)to be expended in the General Fund for Cultural Development and
Programming activities.
Section 3.That there is hereby appropriated from prior year reserves in the General
Fund the sum of ONE HUNDRED SIXTY-NINE THOUSAND SIX HUNDRED TWENTY-
FOUR DOLLARS ($169,624)to be expended in the General Fund for the Tourism Programming.
Section 4.That there is hereby appropriated from prior year reserves in the General
Fund the sum of ONE HUNDRED SIXTY-SEVEN THOUSAND FIVE HUNDRED
SEVENTEEN DOLLARS ($167,517)to be expended in the General Fund for the Convention and
Visitors Bureau.
ATTEST:
City Clerk/CAgreiC £41Iv!~
Passed and adopted on final reading this 4th day of p il,2023.
Introduced,considered favorably on first reading,and ordered published this 21st day of
March,2023,and to be presented for final passage on the 4t i ~‘ay of
ATTEST:
City Clerk C ~eP ~