HomeMy Public PortalAboutAB 09-162 FY09 LOT PrioritiesMcCALL CITY COUNCIL
AGENDA BILL
Number
Meeting Date
216 East Park Street
McCall, ID 83638
AB 09-162
August 13, 2009
AGENDA ITEM INFORMATION
SUBJECT:
FY09 Local Option Tax discussion: Revenue
Projection & Funding Priorities for Remaining
Projects
Approvals: Department/
Committee/Individual
Initials
Remarks
(Originator/
Support)
Mayor /Council
City Manager
originator
Community Development
Treasurer
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
placed on remaining awards
anticipated. Attached is the
fiscal year and the anticipated
through July 31, 2009; and
Also attached is a revenue
forecast for FY09 identifies
savings of $23,700. Therefore,
The City Manager and Treasurer
LOT projects.
Downtown Parking
Lick Creek/Davis
Golf Equipment
the remaining FY09
as of March 26, 2009, since
current LOT funding matrix,
funding month. Actual revenue
disbursements are updated through
forecast for the remainder of
a total revenue shortfall of
an additional reduction of
have identified three possible
Study $ 16,200
$ 31,500
$ 3,800
LOT awards in addition to the 10% reduction
LOT revenues are proving to be lower than
showing each project planned for funding this
has been updated to reflect tax receipts
August 13, 2009.
the year prepared by staff. The updated revenue
$73,754. The 10% reduction in awards achieved a
$50,054 is necessary.
reductions from among the remaining FY09
Can be funded by FY09 Com Dev budget
Can be funded by FY09 Streets Fund budget
Equipment was less expensive than planned
$ 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.