HomeMy WebLinkAbout084 - 06/01/1999 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN THE GENERAL FUND FOR PROMOTION OF CON ORDINANCE NO. 94, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND
UNANTICIPATED REVENUE IN THE GENERAL FUND
FOR PROMOTION OF CONVENTION AND VISITOR ACTIVITIES AND FOR
CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES
WHEREAS, in accordance with Section 25-244 of the City Code, 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, in 1998 the City received lodging tax revenues in the amount of$69,124 in
excess of the original estimate for 1998 lodging tax receipts; and
WHEREAS, in addition, the Cultural Development and Programming Account had
appropriated funds from 1998 in the amount of$22,665 that were not expended in 1998; and
WHEREAS, in addition, the Visitor Events Account had appropriated funds from 1998 in
the amount of$7,191 that were not expended in 1998, and
WHEREAS,the Cultural Development and Programming Account also received revenue in
1998 in the amount of$2,295 that was not appropriated or expended in 1998; and
WHEREAS, at the end of 1998, all of the above lodging tax funds lapsed into the General
Fund Reserves for lodging taxes; and
WHEREAS,Article V, Section 9, of the Charter of the City of Fort Collins 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,the Cultural Development and Programming Account has also received revenue
in 1999 in the amount of$2,000 that has not yet been appropriated in 1999; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins 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 then current estimate of actual and anticipated
revenues to be received during the fiscal year.
WHEREAS, the City wishes to appropriate all funds allocated for the promotion of
convention and visitor activities and for cultural development and programming and visitor events.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of FIVE HUNDRED FOUR DOLLARS ($504)for the Convention and
Visitors Bureau.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of FORTY-TWO THOUSAND TWO HUNDRED FORTY-ONE
DOLLARS ($42,241) for Cultural Development and Programming.
Section 3. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of TWENTY THOUSAND TWENTY-SIX DOLLARS ($201,026) for
Visitor Events.
Section 4. That there is hereby appropriated for expenditure from prior year reserves in the
General Fund the total sum of THIRTY EIGHT THOUSAND FIVE HUNDRED FOUR DOLLARS
($38,504) for Tourism Capital.
Section 5. That there is hereby appropriated for expenditure from unanticipated revenue in
the General Fund the sum of TWO THOUSAND DOLLARS($2,000)for Cultural Development and
Programming.
Introduced and considered favorably on first reading and ordered published this 18th day of
May, A.D. 1999, and to be presented for final passage on the 1st day of June, A.D. 1999.
w'
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 1 st day of June, A.D. 1999.
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Mayor
ATTEST:
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City Clerk