HomeMy Public PortalAboutAB 18-324 FY18 LOT Excess Funds
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 18-324
Meeting Date December 13, 2018
AGENDA ITEM INFORMATION
SUBJECT:
Request for Use of Excess FY18 Tourism Local Option Tax Funds
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
/
Clerk
Originator
Treasurer
/
Support
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
~$73,623
Parks and Recreation
FUNDING SOURCE:
FY17 LOT Funds
Airport
Library
TIMELINE:
Immediate
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
For FY18 there is approximately $73,623 excess Tourism Local Option Tax (LOT) funds. The Council has some options on how to budget these funds. Here are some options for the Councils’s
consideration:
Roll into FY19 to fund approved projects for FY19. Council approved a budget of $515,000 with a contingency of $164,077 for FY19 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 is starting to level off. By rolling these dollars forward it will give
a higher probability that all projects would get funded.
In October the Chief of Police proposed any excess LOT funds be used to fund traffic control devises identified for installation after conducting a traffic data study with Public Works.
Community and Economic Development Director proposes the excess be used for affordable housing incentive progam.
Request the LOT Commission reconvene to determine the use of the funds.
RECOMMENDED ACTION:
Direction to staff
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION