|LOT PREPARES FOR 2012|
OPTION TAX REPORT 12-7-11 LMS
Local Option Tax Commission Chairman Jim Bockelman reported to the Salmon City Council December7 that at the end of LOTís fiscal year $17,486 was carried forward from the previous fiscal lyear. October revenue was $7,120 which was $181 less than in October of 2010. Expenses for October of this year were $892 which included an expenditure of $550 for the LOT policy manual, $42 for the web site and $300 for previously approved banners. Total funds available at the end of October amounted to $23,715.
Bockelman said that at its November 22 meeting the commission reviewed five funding requests. They were for an 18 hour endurance bike ride, Salmon Fireworks, the Salmon Marathon, Salmon River days and a rawhide braiding workshop. The commission will also consider funding requests for the Salmon City Pool, Fatherís Day Car Show and a Tony Couch workshop. The Commissionís recommendations for funding will hopefully be presented to the Salmon City Council at the councilís first meeting in January.
Three names were presented to Mayor Leo Marshall as possible replacements for commission member Bob Daniels who is not renewing the board seat he presently holds. The position is up for appointment in January. It is the mayorís job to appoint new LOT Commission members. The names not selected will be held in reserve for possible future openings. A year end fiscal year report for 2010-11 has been reviewed by the commission and will be submitted for publication in the newspaper in January.
Bockelman said he attended a Salmon Valley Chamber of Commerce Board meeting and asked that the LOT Commission be included in advertising strategy for the Salmon area and that a way be developed to track the number of visitors who attend LOT funded events.
Councilman Jim Kluesner expressed a hope that the agricultural industry can be included in LOT funding. It was explained that funding requests have to come to the commission for consideration however Bockelman said there is no reason why LOT funds could not be requested by associations representing the ranching industry
As of January 2012 the positions of LOT Commission Chairman and Secretary must be reinstated and the commission must vote on new members. That will take place during the January meeting. Mayor Marshall will be reviewing the four LOT Commission member positions and making appointments or reappointments.
The next meeting of the LOT Commission will be December 27 at 5:30 PM in the Salmon Valley Center meeting room. The meetings are open to the public.
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