HomeMy Public PortalAboutAB 09-178 Continuation of FY09 LOT DiscussionMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
216 East Park Street
McCall, ID 83638
AB 09-178
August 27, 2009
AGENDA ITEM INFORMATION
SUBJECT:
Continuation of FY09 Local Option Tax discussion:
Revenue Projection & Funding Priorities for
Remaining Projects
Approvals: Department/
Committee/Individual
Initials
Remarks
(Originator/
Support)
Mayor / Council
City Manager
Support
Community Development
Treasurer
'
Originator
Clerk, Deputy City Clerk
Police Department
Public Works
Golf Operations
COST IMPACT:
Parks & Recreation
FUNDING SOURCE:
Airport
Library
TIMELINE: ASAP
City Attorney
Grant Coordinator
SUMMARY STATEMENT:
The Council may wish to prioritize
awards as of March 26, 2009, since
matrix, showing the remaining
the remaining FY09 LOT awards
LOT revenues are proving to be
projects planned for funding this fiscal
through August 19, 2009. However,
not include the tax remittances of
are updated through
request and a separate warrant
for the remainder of the year
of $73,754. The 10% reduction
is necessary.
have identified three possible reductions
Study $ 16,200
$ 31,500
$ 3,800
in addition to the 10% reduction
lower than anticipated. Attached
year and the anticipated funding
since July Local Option
the larger hotels. Updated receipts
August 13, 2009. Currently there
register for Council approval.
prepared by staff. The updated
in awards achieved a savings
from among the remaining
placed
is the current
month.
Tax remittances
will be
is $13,009
revenue forecast
of $23,700.
FY09 LOT projects.
Dev budget
Fund budget
than planned
on remaining
LOT funding
Actual revenue
are not due
available at the
available for
for FY09
Therefore, an
has been updated to reflect tax receipts
until August 20, 2009, it does
August 27, 2009 meeting. Disbursements
disbursement. Attached is a disbursement
Also attached is a revenue forecast
identifies a total revenue shortfall
additional reduction of $50,054
The City Manager and Treasurer
Downtown Parking
Lick Creek/Davis
Golf Equipment
Can be funded by FY09 Com
Can be funded by FY09 Streets
Equipment was less expensive
$ 51,500
RECOMMENDED ACTION:
Provide direction to staff and the Commission regarding remaining FY09 funding priorities.
RECORD OF COUNCIL ACTION
Meeting Date
ACTION
March 12, 2009
AB09-48: Chairman Gleason volunteered to re prioritize FY09 expenditures;
Council directed staff to advertise for three vacancies.
March 26, 2009
AB09-55: Chairman Gleason recommended a 10% cut in funding across the
board effective immediately. Council approved a 10% reduction in funding
for each remaining project.
August 13, 2009
AB09-162: Council Continued FY09 LOT Discussion to August 27, 2009