|LOT PROCESS REWORKED|
BIG CHANGES FOR LOT PROCESS 5-7-14 LMS
Beginning in Fiscal Year 2015 the Local Option Tax Commission will go to a bi-annual funding cycle and award LOT monies only twice a year.
LOT Commission Secretary Mary Cerise told the May 7 meeting of the Salmon City Council the bi-annual schedule will allow collected monies to be on hand before being awarded. In the past the LOT awards have been made from revenue expectations based on the previous year’s month by month income.
She said the bi-annual system will increase competitiveness and event preparedness. Another need that will be addressed is ‘accountability’ in terms of how the monies are spent and the end results of a funded project or event.
There will be a new set of application forms which will require applicants to submit an itemized budget, post event report and final budget report. A scoring matrix has also been added to the process.
Robin Watkins has been selected as the new LOT Chairperson. The selection has been approved by the City Council. She said that the LOT Commission will be offering application training for applicants and will assist them through the request process. Applicants will be able to submit the request forms on-line.
The transition to bi-annual means no large awards beyond those granted that evening will be available for the rest of the fiscal year which ends on September 30. The LOT Commission will be reviewing a few smaller funding requests that have already been submitted. The City Council approved the LOT Commission’s recommended changes.
The evening’s City Council LOT funding approvals included $8,400 to the Salmon Hockey Association for netting to protect spectators and tarps to cover the rink during the Summer. The Salmon River Spokes and Chrome organization was awarded up to $2,500 for Salmon River Days Fireworks and insurance. The Salmon Valley Community Swimming Pool had requested $19,000. The LOT Commission recommended and the council approved $13,600. The award was in two parts, $6,000 allotted for any propane or chemical costs that exceed what is already budgeted and $7,600 for repairs, maintenance and equipment. Up to $6,000 was approved for a Sacajawea Center Marketing Plan with the understanding that a follow up assessment of the plan’s effectiveness will be submitted to the City Council.
Want the latest headlines as soon as they are added?
Check out our new News Alert subscription service.
Table of Contents - - New Articles
Leslie Shumate Home Page - View Our Home Town - Salmon Valley Chamber