Agenda Information Sheet
DEPARTMENT: Finance
ACM: Bryan Langley
Date: December 6, 2016
SUBJECT
Title
Consider adoption of an ordinance authorizing the City Manager to execute an agreement between the City of Denton and Denton Dog Days, Inc. for the payment and use of hotel tax revenue; and providing an effective date.
Body
BACKGROUND
This organization is recommended to receive funding from the Hotel Occupancy Tax funds. This contract is for a thirteen month term beginning January 1, 2017 through midnight January 31, 2018. Allocations are dependent upon requests for funding, as well as availability of revenues.
PRIOR ACTION/REVIEW (Council, Boards, Commissions)
The Hotel Occupancy Tax Committee reviewed all budget applications and recommended allocations to the City Council as part of the FY 2016-2017 budget development process.
FISCAL INFORMATION
The Hotel Occupancy Tax allocation for this organization is $18,086 for FY 2016-2017 and has been included in the Annual Program of Services.
STRATEGIC PLAN RELATIONSHIP
The City of Denton’s Strategic Plan is an action-oriented road map that will help the City achieve its vision. The foundation for the plan is the five long-term Key Focus Areas (KFA): Organizational Excellence; Public Infrastructure; Economic Development; Safe, Livable, and Family-Friendly Community; and Sustainability and Environmental Stewardship. While individual items may support multiple KFAs, this specific City Council agenda item contributes most directly to the following KFA and goal:
Related Key Focus Area: Organizational Excellence
Related Goal: 1.1 Manage financial resources in a responsible manner
EXHIBITS
1. Ordinance
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
Prepared by:
Randee Klingele
Treasury Services Specialist