Loading...
HomeMy WebLinkAbout082 - 07/21/1992 - APPROPRIATING REVENUE IN GENERAL FUND TO CULTURAL DEVELOPMENT ACCOUNT AND CONVENTION AND VISITORS BU ORDINANCE NO. 82 , 1992 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING REVENUE IN THE GENERAL FUND TO THE CULTURAL DEVELOPMENT AND PROGRAMMING ACCOUNT AND TO THE FORT COLLINS CONVENTION AND VISITORS BUREAU. WHEREAS, Article V, Section 7, 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 accumulated in prior years notwithstanding that such reserves were not appropriated for expenditure in the annual appropriation ordinance; and WHEREAS, in 1991, the City received lodging taxes of $17,822 in excess of the original estimate for 1991 lodging tax receipts; and WHEREAS, in accordance with Ordinance No. 127, 1989, 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, the Cultural Development and Programming Account had funds from allocations in prior years in the amount of $10,395; and WHEREAS, at the end of 1991, 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-eight Thousand Two Hundred Seventeen Dollars ($28,217) to be allocated as follows: 1991 Additional Lodging Tax 1991 Carry-Over Cultural Development and Programming Account $ 4,456 $ 10,395 Fort Collins Convention and Visitors Bureau 13,366 -0- SUBTOTALS $17,822 $ 10,395 COMBINED TOTAL $ 28,217 Introduced, considered favorable on first reading, and ordered published this 7th day of July A.D. 1992, and to be presented for final passage on the 21st day of July, A.D. 1992 J lJ Mayor ATTEST: !�� City Clerk Z� Passed and adopted on final reading this 21st day of July, A.D. 1992. j - C� � U Mayor ATTEST: n City Cle