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HomeMy WebLinkAbout083 - 07/05/1988 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE CONVENTION AND VISITORS BUREAU, CULTUR ORDINANCE NO. 83, 1988 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND WHEREAS, Article V, Section 8, of the Charter of the City of Fort Collins authorizes the City Council to provide by ordinance for payment of any expense from prior year reserves at any time such reserves are available; and WHEREAS, in 1987 the City received lodging taxes of $17,553 above the original estimate; and WHEREAS, in accordance with Ordinance No. 32-87, these funds are to be allocated 70% to the Convention and Visitor's Bureau, 20% to the Cultural Development and Programming Account, and 10% to the Maintenance and Mitigation Account; and WHEREAS, the Cultural Development and Programming Account had funds from its 1987 allocation in the amount of $5,658 which were not spent in 1987 and should be made available to it in 1988; and WHEREAS, at the end of 1987 all of the above lodging tax funds lapsed into the General Fund Reserve for lodging taxes. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the General Fund the total sum of TWENTY-THREE THOUSAND TWO HUNDRED ELEVEN DOLLARS ($23,211) , to be allocated as follows: Convention and Visitor's Bureau $12,287 Cultural Development and Programming Account 9, 169 Maintenance and Mitigation Account 1 ,755 $23,211 Introduced, considered favorably on first reading, and ordered published this 7th day of June, A.D. 1988, and to be presented for final passage on the 5th day of July, A.D. 1988. - � � Mayor�- ATTEST: City Clerk Passed and adopted on final reading this 5th day of July, A.D. 1988. Mayor u City Clerk