HomeMy Public PortalAboutAB 17-251 FY17 LOT Excess Funds
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB16-251
Meeting Date November 9, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Request for Use of Excess FY17 Tourism Local Option Tax Funds
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Originator
Clerk
Treasurer
/
Support
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
~$41,860
Parks and Recreation
FUNDING SOURCE:
FY17 LOT Funds
Airport
Library
TIMELINE:
Immediate
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Staff would like to request that the excess Tourism Local Option Tax (LOT) dollars from FY17 be rolled into FY18 to fund approved projects for FY18. Council approved a budget of $509,131
with a contingency of $27,090 for FY18 LOT funding as recommended by the LOT Commission. While it is possible that all projects may get funded in 2018, it is unlikely as the rate of
increase to LOT revenues are sarting to level off. By rolling these dollars forward it will give a higher probability that all projects would get funded. If there is an excess in 2018,
staff will come to Council in October of 2018 with options for the use of those funds.
RECOMMENDED ACTION:
Approve the request to roll the FY17 Tourism Local Option Tax revenue into FY18 to fund approved projects for FY18.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION