HomeMy Public PortalAboutAB 13-115 FY13 LOT Contingency update
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-115
Meeting Date June 27, 2013
AGENDA ITEM INFORMATION
SUBJECT:
FY13 Local Option Tax Contingency
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Originator
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
n/a
Parks and Recreation
FUNDING SOURCE:
n/a
Airport
Library
TIMELINE:
n/a
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
On May 23, 2013 staff presented to Council an update on the FY13 LOT receipts to date. It was discussed that the original amount budgeted for LOT funds were $240,448 with a contingency
of $11,920, leaving a total of budgeted projects for FY13 at $252,368. Due to LOT funding trending to exceed the original budgeted amount, the LOT budget needs to be revised to reflect
additional contingent projects.
The Council requested that the LOT Commission convene and make a recommendation for Council to consider. Bob Giles, Chair of the LOT Commission, will be present to present the LOT Commission’s
recommendations to fund 4 projects in the event that the LOT revenue is higher than budgeted. The projects that are recommended are in priority order:
$20,000 to the Golf Course for sod replacement
$600 to Payette Lakes Community Association – 4th of July Family Fun Day
$13,000 to the City of McCall – Clerk’s Department for Direct Costs
$5,000 to The Centennial Committee for Centennial Park
RECOMMENDED ACTION:
Approve the LOT Commission’s recommendation to add 4 projects to the FY13 LOT revenue contingency list.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION