HomeMy WebLinkAbout041 - 04/19/2016 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN THE GENERAL FUND FOR CULTURAL DEVELOPORDINANCE NO. 041, 2016
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% to the promotion of convention and visitor activities and 25% to
cultural development and programming activities; and
WHEREAS, in 2011, the City entered into an agreement with the Fort Collins
Convention and Visitors Bureau to provide convention and visitor program services, which
agreement was subject to subsequent annual renewals through March 2016; and
WHEREAS, the City is currently reviewing proposals for outside delivery of convention
and visitor program services in anticipation of awarding a service contract in 2016; and
WHEREAS, 2015 Lodging Tax revenue was estimated to be $1,215,000, and a total of
1,450,960 in Lodging Tax revenues was actually collected in 2015; and
WHEREAS, staff has recommended that unanticipated 2015 Lodging Tax revenue in the
amount of$235,960 held in the General Fund Reserves be appropriated in 2016 for Lodging Tax
programs and activities as follows:
Cultural Development and Programming 58,990
Tourism Programming 11,798
Convention and Visitor Program services 165,172; and
WHEREAS, a portion of collected and unspent Lodging Tax revenue appropriated in
2015 lapsed into the General Fund Reserves at the end of 2015; and
WHEREAS, staff has recommended that unexpended 2015 appropriations of Lodging
Tax revenue, which have lapsed and were returned to the General Fund, be re-appropriated for
Lodging Tax programs and activates in 2016, based on the use specified when they were first
appropriated, as follows:
Cultural Development and Programming 100,275
Tourism Programming 8,070
Convention and Visitor Program services 34,300; 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
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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, do not exceed the current estimate of actual and anticipated
revenues to be received during the fiscal year; and
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 for Cultural Development and Programming, Tourism Programming consistent with
the City Code, including funds to be paid to the Fort Collins Convention and Visitors Bureau or
appropriate contracted service provider, and including unanticipated and lapsed lodging tax
revenues from 2015.
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 ONE HUNDRED FIFTY-NINE THOUSAND TWO
HUNDRED SIXTY-FIVE DOLLARS ($159,265) 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 NINETEEN THOUSAND EIGHT HUNDRED SIXTY-
EIGHT DOLLARS ($19,868) for the 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 NINETY-NINE THOUSAND FOUR
HUNDRED SEVENTY-TWO DOLLARS ($199,472) for Convention and Visitors Program
services.
Introduced, considered favorably on first reading, and ordered published this 5th day of
April, A.D. 2016, and to be presented for final passage on the 19th day of April, A.D. 2016.
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SEAL ayor
ATTEST:
COLORP
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City Clerk
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Passed and adopted on final reading on the 19th day of April, A.D. 2016.
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Mayor
ATTEST:
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COLORpO
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City Clerk
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