|YEAR TWO OF LOCAL OPTION TAX|
LOCAL OPTION TAX OCTOBER REPORT 11-2-11 LMS
Local Option Tax Commission Chairman Jim Bockelman presented the November 2nd meeting of the Salmon City Council with a recap of LOTís October meeting.
He said the organization ended its fiscal year having given out $89,000. A total of $16,000 will move into fiscal year 2011-12 by way of City Finance Director Amy Fealko officially reopening the LOT budget. Bockelman added that LOT received $3,000 more than in the previous year however the previous year, its first year of existence, was three months shorter.
By January of 2012 the commission will have voted on a chairperson and secretary for the upcoming year.
A way to determine actual attendance numbers at LOT supported events is a matter of concern. Bockelman said the commission will be asking the Salmon Valley Chamber of Commerce for its assistance in developing some sort of system to obtain crowd numbers since there are several organizations and facilities that would benefit from such information.
The New Year will begin with an approved Local Option Tax Policy and Procedures Manual. Bockelman said the document took much longer than expected however it wound up costing less than anticipated. A year ago the City Council approved an expenditure of $900 for development of the manual. The final tab was $549.92. To avoid any semblance of impropriety the council reapproved the allocated funding using the new figure.
Another plan for 2012 is to host a LOT Workshop Program to explain exactly how the Local Option Tax works as well as the required procedures related to submission of funding requests. Bockelman said the goal of the program is to not only make the process easier to understand and therefore more accessible, but to ultimately make the best use of LOT funds. Commission member Bebe Dodds has completed a draft outline of the program which will be ready for review later this month. Once approved by the LOT Commission and the City Council, dates for the workshop will be selected and announced.
The LOT Commission meets monthly and the meetings in the Salmon Valley Meeting Room are open to the public. This month the commission will be meeting on November 22nd at 5:30PM.
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