Title
Consideration of and action on an ordinance to amend the Fiscal Year 2024-2025 Hotel Occupancy Tax Budget.
Body
Summary:
The Fiscal Year 2024-2025 Hotel Occupancy Tax Budget for the General-Motel Department included $150,000.00 in funding to lease Christmas lights and installation services from Dekra-Lite. The total lease cost for the fiscal year was $149,908.36; however, an unanticipated one-time freight charge of $13,888.00 was additionally charged to the City. This unexpected charged caused the General-Motel Department in the Hotel Occupancy Tax Fund to experience a net overage of $4,960.16. A budget amendment for $5,000.00 is requested to appropriate the additional funds necessary to fully fund the Hotel Occupancy Tax Fund for the Fiscal Year. The additional appropriation would be funded by the unassigned fund balance of the Hotel Occupancy Tax Fund, which is available for this purpose.
Fiscal/Budgetary Impact:
Add $5,000.00 to the Fiscal Year 2024-2025 Hotel Occupancy Tax Budget for General-Motel Department (Account No. 101-601-43030, Operating Supplies), to be funded by the unassigned fund balance of the Hotel Occupancy Tax Fund, which is available for this purpose.
Recommended action
Approve the ordinance to amend the Fiscal Year 2024-2025 Budget for the Hotel Occupancy Tax Fund.