MONROE CITY COUNCIL Agenda Bill No. 16-175 SUBJECT: 2017 Lodging Tax Advisory Committee Grant Awards DATE: DEPT: CONTACT: PRESENTER: ITEM: 12/06/2016 Administration Pam Baker Geoffrey Thomas Discussion: 12/06/2016 Attachments: 1. Submitted applications (also see monroewa.gov/ltac) 2. Lodging Tax Fund Cashflow Projection REQUESTED ACTION: Move to approve the Lodging Tax Advisory Committee recommendations for 2017 Lodging Tax grants, as presented. DESCRIPTION/BACKGROUND Since 1988, the City of Monroe has levied a two percent lodging excise tax on hotel/motel rooms. This is variously referred to as the lodging tax, the hotel/motel tax, or the tourism tax. The use of the funds collected is governed by State law (RCW 67.28). As required, the City has a Lodging Tax Advisory Committee (LTAC) to recommend to the City Council how the funds collected from the Lodging Excise Tax should be used. The Council may only consider the recommendation presented to it by the LTAC. It may approve or deny each item contained in the recommendation, however, no modification of items is allowed. The 2016 Lodging Tax Advisory Committee met on November 16, 2016, to review the applications received for Lodging Tax funding for 2017. The Lodging Tax Advisory Committee has made the following recommendations: Applicant Amount Committee Use of Funds Requested Recommendation City of Monroe Parks $3,000 $3,000 Destination Brochure Department City of Monroe Parks $4,000 $0.00 Supra Boats Wakeboard Tour 1 Department City of Monroe Parks $5,000 $5,000 USA Triathlon Operations Department Evergreen Speedway $5,000 $5,000 Red Bull Global Rally Cross Monroe Chamber of $61,638.92 $61,638.92 Tourism Marketing Commerce Monroe Historical $2,184 $2,184 Sign Design and Installation Society TOTAL $80,822.92 $76,822.92 IMPACT BUDGET $76,822.92 - This amount is contained in the 2017 budget 1 No award recommended due to the Supra Boats Wakeboard Tour not returning in 2017. MCC Agenda 12/06/2016 Page 1 of 62
TIME CONSTRAINTS Requires approval for distribution. MCC Agenda 12/06/2016 Page 2 of 62
ATTACHMENT 1 MCC Agenda 12/06/2016 Page 3 of 62
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ATTACHMENT 2 Lodging Tax/Tourism Fund Budget Estimated 2013 2014 2015 2016 2016 2017 2018 2019 2020 Beginning Fund Balance 65,302.56 69,318.20 60,489.12 65,629.10 65,629.10 77,633.10 88,810.18 101,898.18 117,225.02 Hotel/Motel Tax Revenue 54,267.20 65,660.97 70,274.16 66,825.82 84,000.00 88,200.00 92,610.00 97,240.50 102,102.53 Interest Revenue 202.47 312.77 200.00 200.00 345.00 200.00 200.00 200.00 200.00 Total Revenue 54,469.67 65,973.74 70,474.16 67,025.82 84,345.00 88,400.00 92,810.00 97,440.50 102,302.53 Total Resources 119,772.23 135,291.94 130,963.28 132,654.92 149,974.10 166,033.10 181,620.18 199,338.68 219,527.55 Expenditures: 79,310.00 81,689.30 84,139.98 Monroe Chamber of Commerce 30,055.07 55,000.00 60,400.00 55,000.00 59,996.00 61,638.92 DREAM - Monroe Arts Council - Historical Society - 2,184.00 Sky Valley Trout Unlimited - City of Monroe Police Department - City of Monroe Admin Fees 388.96 City of Monroe Parks Department 20,000.00 14,857.50 4,549.22 15,000.00 12,000.00 8,000.00 Snohomish County Tourism Bureau 10.00 High Road Productions 4,945.32 5,000.00 Admin Fees 384.96 345.00 400.00 412.00 424.36 437.09 Total Expenditures 50,454.03 74,802.82 65,334.18 70,000.00 72,341.00 77,222.92 79,722.00 82,113.66 84,577.07 Ending Fund Balance 69,318.20 60,489.12 65,629.10 62,654.92 77,633.10 88,810.18 101,898.18 117,225.02 134,950.48 increase over previous year 1.12 1.21 1.07 0.95 1.20 1.05 1.05 1.05 1.05 increase over 2008 0.88 1.06 1.14 1.08 1.36 1.43 1.50 1.57 1.65 MCC Agenda 12/06/2016 Page 62 of 62