HomeMy WebLinkAbout07/19/2017 7BSUBJECT: Acceptance of the Lodging
Tax Advisory Committee's
Recommendations for
FY -2018 Funding Allocations
AGENDA BILL
CITY OF BREMERTON 7B
CITY COUNCIL
Study Session Date:
COUNCIL MEETING Date:
Department:
Presenter:
Phone:
July 12, 2017
July 19, 2017
City Council
Pat Sullivan, LTAC Chair
(360) 473-5280
SUMMARY: The City of Bremerton anticipates approximately $830,000 in revenue will be
available for distribution in Fiscal Year 2018.
The Lodging Tax Advisory Committee (LTAC) received eighteen (18) requests for funding.
Following the interview process, one request was withdrawn. Committee members reached
consensus, and are recommending funding to 17 applicants and to continue the City of
Bremerton's commitment to the Kitsap Conference Center and the Admiral Theatre Foundation.
Recommended allocations include $315,000 for non-profit organizations.
It is also recommended that $250,000 be allocated for operations at Kitsap Conference Center for 5 -
years, and $95,000 for a one-time debt service payment.
The City of Bremerton has a 50 -year commitment ending in 2040 with the Admiral Theatre
Foundation for $90,000 per year, plus an additional $60,000 per year through 2017. The committee
recommends that this additional funding commitment be continued through 2022 for a total
allocation of $150,000.
Finally, it is recommended that $20,000 (unallocated by the committee) be carried over as part of the
beginning fund balance for Fiscal Year 2018.
ATTACHMENTS: 1) Summary of LTAC Recommendations for 2018
2) Staff Memorandum
3) Lodging Tax — Frequently Asked Questions (MRSC)
4) Funding History
FISCAL IMPACTS (Include Budgeted Amount): RCW 67.28 specifies that a municipality may either
accept or reject the committee's recommendations. If any individual recommendation is rejected by
City Council, then the unallocated amount will be held in the fund's reserve and that unfunded
organization will have significantly reduced marketing efforts for Bremerton.
STUDY SESSION AGENDA: ❑ No Presentation ® Full Presentation
STUDY SESSION ACTION: ❑ Consent Agenda 0 General Business ❑ Public Hearing
RECOMMENDED MOTION:
Move to accept the Lodging Tax Advisory Committee's recommendations as presented; and to
include the allocations in the City of Bremerton's Fiscal Year 2018 Proposed Budget.
COUNCIL ACTION: kApprove ❑ Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 01/07/15