039-10 - Resolution - Special Funding Allocation from the Community Events FundIntroduced by:
Requested by:
Drafted by:
Reviewed by:
Introduced:
Adopted:
RESOLUfiON NO. 039-10
City Clerk
City Clerk
City Clerk
City Attorney
November 9, 2010
November 9, 2010
A RESOLUfiON OF THE CITY OF PORT ORCHARD,
WASHINGTON, APPROVING A SPECIAL FUNDING
ALLOCATION FROM THE COMMUNITY EVENTS FUND 107
AND AliTHORIZING ANY 2010 ENDING CASH BALANCE TO
BE CARRIED OVER AS RESERVES FOR 2011
WHEREAS, the City of Pott Orchard receives funding from local Hotel/Motel
taxes on a per bed rate; and
WHEREAS, the City Treasurer each year estimates the projected revenue for
the coming year in order for the funds to be spent by various organizations promoting
tourism on behalf of the City; and
WHEREAS, the projected revenues for 2010 were estimated at $61,000 and the
total amount allocated was $59,785.
WHEREAS, the City Treasurer is projecting an ending cash balance to the
Community Events Fund 107 of $32,000; and
WHEREAS, the City Clerk's office received one request for special funding from
the Community Event Fund 107, and historically the City Council has approved special
funding allocations; and
WHEREAS, the Lodging Tax Advisory Committee met on November 1, 2010, to
review the special funding request and recommended that it be submitted to the City
Council for approval,
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PORT
ORCHARD, WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
THAT: the City Council approves the special funding allocation from the
Community Event Fund 107, for the Festival of Chimes and Lights to be
used to offset additional costs for advertising; printing; promotion; and
operational costs necessary to put on the festival, including new decorations
and the use of a boom truck to put up/take down decorations at City Hall in
an amount not to exceed $4,500.
Re solution No.039-10
Page 2 of2
FURTHER THAT: the City Council authorizes that a ny 2010 ending cas h
bal ance for the Community Events Fund 107 be carried over as reserves for
2011, and that the Lodging Tax Advisory Committee sh all r eview the cas h
reserves in February 2011 and recommend to the City Council wh ether the
funds should be allocated or remain as reserves .
PASSED by the City Council of the City ofPmt Orchard, SIGNED by the Mayor and
attested by the Clerk in authentication of s uch passage this gth day of November 20 10.