|LOCAL OPTION TAX REPORT|
LOT REPORT TO COUNCIL 8-4-10 LMS
Local Option Tax Commission Chairman Jim Bockelman delivered the monthly report on LOT activities to the August 4th meeting of the Salmon City Council.
Bockelman said that Don Ward representing the Salmon Arts Council approached the commission with a funding request in connection with the August 7th Blues, Brews and Barbeque event. The request was too late to be officially heard at the July meeting however it will be presented at LOTís August meeting. Bockelman stressed the need for at least a two month lead time on all requests so the LOT process can be completed in time for the event. He said LOT will consider after-the-fact submissions and sometimes that is better since the exact amount needed to fund expenditures will be known. The LOT request forms are available at City Hall.
The organizationís financial report shows June revenue at $8,460. The year-to-date revenue generated by the Local Option Tax is $28,201. Year to date approved requests total $24,186 and actual year-to-date expenditures amount to $6,186.
Other business discussed during LOTís July meeting included the LOT logo which has been officially approved by the City Council. It will be incorporated into the organizationís documents and correspondence. The ongoing discussion about the cityís inaction on the funding request for this Springís high school golf tournament continued. Because both the Salmon City Golf Association and the Salmon High School Boosters Club have 501-C3 status Bockelman said it will be up to either group to pursue the request.
A bill from the Salmon EMTís for $251 was submitted for services rendered during the Salmon High School District Rodeo. Rodeo organizers had said the ambulance was required to be in attendance at the event. Bockelman explained that not knowing what the final bill would be LOT had allocated $2,000 however only $251 of that amount will be used. Bockelman took the opportunity to explain that in such cases where the final costs are not known if they turn out to be less than what has been approved, the remainder of the LOT money will be returned to the LOT fund budget. Bockelman relayed the commissionís thanks to the EMTís for the reduced charge.
At the suggestion of City Attorney John McKinney the LOT commission has decided to acquire its own legal counsel and is in the process of doing so.
There were no requests for LOT funds last month. Funding requests must be submitted in the first week of the month in order to be considered during end of the month meetings. The next meeting of the LOT Commission will be August 24th at 5:30PM in the Salmon Valley Center meeting room.
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