HomeMy WebLinkAboutCORRESPONDENCE - RFP - 7203 CONVENTION VISITORS SERVICES (4)ORDINANCE NO. 076, 2014
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 THE FORT
COLLINS CONVENTION AND VISITORS BUREAU
WHEREAS, Section 25-244 of the Code of the City. of Fort Collins requires that 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, Lodging Taxes were estimated at $955,000 for 2013, all of which estimate
was appropriated and all but $48,288, of which was spent in 2013; and
WHEREAS, at the end of 2013, a total of $1,102,693 in Lodging Tax revenues had been
collected and the unspent portions lapsed into the General Fund Reserves for Lodging Tax
programs and activities; and
WHEREAS, unanticipated Lodging Tax revenue in the amount of $147,693 remains in
the General Fund and is to be appropriated for each of the Lodging Tax programs and activities
as follows; and
• Cultural Development and Programming $ 36,923
_ Tourism Programming $ 7,385
• - . _Fort Collms Convention and Visitors -Bureau :" $' 103;3815
WHEREAS, unexpended 2013 appropriations of Lodging Tax revenue in the amount of
$48,288 have lapsed and were returned to the General Fund, and are to be appropriated for
Lodging Tax programs and activities based on the use specified when they were first
appropriated, as follows:
Cultural Development and Programming $ 46,696
Tourism Programming $ 1,592
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
WHEREAS, Article V, Section 9 of the City Charter permits the City Council to make
supplemental appropriation by ordinance at any timed a fiscalyear, prove that the
total amount of such supplemental appropriations, iprdW*iWipn with all previnnc
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