2009-10 Adopted Budget - City of Hoquiam

J. Stadium/Tourism Fund - #112Overview:The Stadium/Tourism fund provides for the collection of the City's 2% stadium tax and3% transient tax revenues.By law, Hotel-Motel tax funds may finance major public facilities such as stadiums andconvention centers and performing arts centers, and may promote and support tourism.For Hoquiam this translates into promotion & advertising City events and festivals.The Lodging Tax Advisory Committee provides an open, public process for the reviewand recommendation for use of Lodging Tax revenues. This five member chartercommittee, comprised of one City Council member, two members of the City's businesscommunity, and two representatives of Hotel/Motel community, develop andrecommend a budget annually to the City Council. The City Council does howeverretain final approval authority. The Stadium/Tourism fund accounts for the collectionand distribution of the City’s 2% stadium and 3% transient excise tax. State law limitsuse of these funds to activities that support tourism and economic developmentRevenues:Stadium/Tourism revenues are projected to total $9,000 in 2009 and $10,000 in 2010.Appropriations and Transfers out:The Stadium/Tourism Fund does not yet include an expenditure budget as the LodgingTax Advisory Committee is still discussing expenditure requests. When a finalrecommendation is made, it will be presented to the Council for approval.98