To: Board of Supervisors
From: County Administrative Office
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Supplemental Budget in the Amount of $132,000 for Fiscal Year 2022-23 for Economic Development Promotion
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the attached supplemental budget in the amount of $132,000 for the Economic Development Budget Unit (1100-181).
Body
SOURCE OF FUNDING:
Transient Occupancy Tax (1100-181-107010)
DISCUSSION:
On Feb. 7, 2023, your Board approved a 2-year spending plan (fiscal years 2023-24 and 2024-25) for the increased revenue anticipated from Measure J, the voter-approved initiative that increased transient occupancy tax (TOT) to 12% in the unincorporated area. The spending plan included the following allocations:
* 30% to the Sheriff's Office to fund an existing deputy position
* 30% to the Housing Trust Fund
* 30% to the Ink People for a local arts and culture program
* 10% to the Redwood Region Entertainment and Education Liaisons, Inc. (Humboldt-Del Norte Film Commission).
To date, the Sheriff's Office and film commission have each received their allocations, and a journal is being processed for the Housing Trust Fund allocation. This agenda item provides the final allocation to fund the arts and culture program for fiscal year 2022-23.
FINANCIAL IMPACT:
Expenditures (1100-181)
FY22-23
Adopted
FY23-24
Adopted
Budgeted Expenses
$264,000
Additional Appropriation Requested
$132,000
Total Expenditures
$132,000
$264,000
Funding Sources (1100-181)
FY22-23 Adopted
FY24-25
Adopted*
General Fund
$132,000
$264,000
Total Funding Sources
$132,000
$264,000
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
The arts and culture agreement with Ink People resides in Fund 1100, Budget Unit 181, Economic Development Promotion. The agreement is supported with Measure J funding, the 2% increase in TOT...
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