HomeMy WebLinkAbout080 - 06/01/2004 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIV ORDINANCE NO. 080, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR CULTURAL DEVELOPMENT AND PROGRAMMING ACTIVITIES
AND TOURISM CAPITAL
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 2003 the City received lodging taxes in the amount of$24,736 in excess of
the original estimate for 2003 lodging tax receipts; and
WHEREAS, the excess lodging taxes should be distributed in the following amounts to the
following accounts:
• Cultural Development and Programming account $ 6,184
• Visitor Events account $ 4,638
• Tourism Capital account $13,914
and
WHEREAS, in addition, the Cultural Development and Programming Account had prior
years funds in the amount of$46,999 that were not expended in 2003; and
WHEREAS, in addition, the Visitor Events Account had funds from prior years in the
amount of$6,147 that were not expended in 2003; and
WHEREAS, at the end of 2003, 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 City wishes to appropriate all funds allocated for cultural development and
programming, visitor events, and tourism capital.
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 FIFTY-THREE THOUSAND ONE HUNDRED EIGHTY-
THREE DOLLARS ($53,183) for Cultural Development and Programming.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in
the General Fund the total sum of TEN THOUSAND SEVEN HUNDRED EIGHTY-FIVE
DOLLARS ($10,785) for Visitor Events.
Section 3. That there is hereby appropriated for expenditure from prior year reserves in
the General Fund the total sum of THIRTEEN THOUSAND NINE HUNDRED FOURTEEN
DOLLARS ($13,914) for Tourism Capital.
Introduced, considered favorably on first reading, and ordered published this 18th day of
May, A.D. 2004, and to be presented for final passage on the
I st day of June, A.D. 2004.
Mayor 4-7
ATT T:
10LUL �k. .�L6-Ll
City Clerk
Passed and adopted on final reading this 1st day of June, A.D. 2004.
5777
Mayor
City Clerk