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 approved by voters in 2022. Approval of the attached supplemental budget will increase the General Fund budget by $132,000 for fiscal year 2022-23 to cover the contract with Ink People as authorized by your Board. Actual 2022-23 year end expenditures are approximately $32,000.
STAFFING IMPACT:
Narrative Explanation of Staffing Impact:
This action does not have staffing impact.
STRATEGIC FRAMEWORK:
This action supports the following areas of your Board’s Strategic Framework.
Core Roles: Support business, workforce development and creation of private-sector jobs
New Initiatives: Facilitate public/private partnerships to solve problems
Strategic Plan: 3.1 - Improve the economy of Humboldt County
OTHER AGENCY INVOLVEMENT:
Ink People
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Your Board could not approve the supplemental budget and retain TOT funding in the General Fund. This is not recommended as your Board approved the above-described spending plan and directed staff to return with a supplemental budget to allocate funding.
ATTACHMENTS:
1. Supplemental Budget
PREVIOUS ACTION/REFERRAL:
Meeting of: Feb. 7, 2023
File No.: 23-129