Title
Ordinance No. 17-46 amending Ordinance No. 16-116 (2017 Appropriation Ordinance) for a supplemental appropriation to the Lodgers & Auto Rental Tax (LART) Fund in the amount of $235,642 for events recommended by the LART Citizen Advisory Committee
Presenter:
Charae McDaniel, Acting Budget Director
Fred Veitch, Chair, LART Citizen Advisory Committee
Body
Summary:
In 2016, revenues exceeded expenditures in the Lodgers & Auto Rental Tax (LART) fund, which allowed for additional funds to be available for events. The LART Citizen Advisory Committee, at their April 2017 meeting, recommended approval of six (6) additional items. The attached ordinance is a supplemental appropriation for the LART Fund in the amount of $235,642 for the following additional items, as recommended by the LART Citizen Advisory Committee.
? Haute Route Rockies * $50,000
? Pridefest $10,000
? El Pomar Youth Sports $17,000
? COPPeR $142,000
? KRCC Radio-Blues Under the Bridge* $5,000
? Fallen Firefighter Memorial* $11,642
*These three (3) items were originally budgeted in 2016; however, invoices were not received prior to the close of the 2016 books. Therefore, these funds returned to the LART fund balance. These organizations/events reapplied for the 2016 funding through the recently completed off-cycle request process.
Previous Council Action:
On September 13, 2016, City Council recommended LART expenditures to be included in the 2017 budget (Resolution No. 88-16). On November 27, 2016, City Council approved the 2017 Budget per Ordinance No. 16-116, which included the appropriation of funds for the LART Fund.
On March 14, 2017, City Council approved Ordinance No. 17-34, a supplemental appropriation to the LART fund of $250,000 for the Colorado Classic Pro Cycling Event project as recommended by the LART Citizen Advisory Committee.
On March 28, 2017, City Council approved Ordinance No. 17-33, a supplemental appropriation to the LART fund of $200,00...
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