HomeMy Public PortalAboutAB 17-078 Chamber request to reallocate fundsMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-78
Meeting Date April 27, 2017
AGENDA ITEM INFORMATION
SUBJECT:
McCall Area Chamber of Commerce Request to Reallocate FY16 Local Option Tax Funds from the ITC Grant
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Originator
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$4,693
Parks and Recreation
FUNDING SOURCE:
FY16 Tourism Local Option Tax
Airport
Library
TIMELINE:
ASAP
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The Chamber of Commerce submitted three applications and were awarded Local Option Tax funding for an ITC grant match ($25,000), 2016 Winter Carnival fireworks ($10,000), and 2016 Fourth
of July fireworks ($10,000). When the Chamber submitted their completion report for the ITC Grant Match it was identified that their match requirement was only $20,307 leaving a balance
of $4,693. Generally when a LOT recipient uses less that what they are awarded, they are required to pay back the balance. The applicant has the option to request a reallocation of
funds; however these types of requests generally happen within the funding year.
The Chamber is requesting that the $4,693 be reallocated, after the fact, to supplement the costs for developing and printing two issues of Visit McCall Magazine in 2015/2016. The Chamber
spent $21,172.81 for this publication and have provided the invoices and proof of payment.
Attached are an email requesting the reallocation, the 2016 LOT funding application, the 2015 Idaho Regional Travel and Convention Grant Program Contract, and paid invoices.
RECOMMENDED ACTION:
Approve the McCall Area Chamber of Commerce Request to Reallocate FY16 Local Option Tax Funds from the ITC Grant to supplement the costs for developing and printing two issues of Visit
McCall Magazine in 2015/2016.
Or
Deny McCall Area Chamber of Commerce Request to Reallocate FY16 Local Option Tax Funds from the ITC Grant
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION