Discuss Allocation of Unused Transient Occupancy Tax Grant Monies
|Meeting Date:||February 7, 2005||Primary Staff Contact:||Lee Tuneberg 552-2003|
|Contributing Departments:||NA||Secondary Staff Contact:|
|Estimate Time:||20 Minutes|
Resolution 2004-32 provides allocation of Transient Occupancy Tax revenue each budget year through the Economic and Cultural Development grant process. The resolution does not address what to do if the Budget Committee does not approve awards totaling the amount required or what to do if a grantee returns unused amounts.
Resolution 2004-32 states that beginning in Fiscal Year 2004/2005, the City Council will appropriate thirty three and one third percent of the anticipated Transient Occupancy Tax monies for Economic and Cultural Development. City Council adopted the 2005-06 budget which included grant funds for the Ashland Chamber of Commerce of $245,241 ($82,041 for tourism and $163,200 for economic development) and the Oregon Shakespeare Festival of $112,200. The other grantees' requests totaled $218,203 with $122,745 being awarded to them.
There is no clear direction from the resolution or Council's intent as to:
Over the last eight years, there have been a few instances where amounts in both situations occurred but were treated differently. Since FY 1997-98 a net total of $53,031 has remained in the General Fund, and only one year where more grant money was expended than budgeted; most years resulting with an unused portion.
Councilor Silbiger has requested a determination on what action should take place with unallocated or returned amounts.
Staff would welcome a discussion and determination on both questions.
Changes in the intent may require a revision to the current resolution for the FY 2006-07 budget.
|Related City Policies:|
Take no action, which may result in unused amounts reverting to the General Fund.
As a point of policy, direct staff to re-budget unused funds in the next budget year possible.
Direct staff to present an amended resolution to address the issue(s) discussed.
Staff is open to either direction as long as the City remains compliant with State tourism expenditure requirements. The safest approach would be to re-budget unused amounts.
Click on the PDF file below to view the following attachments:
• Resolution 2004-32
• Economic and Cultural Grant History
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