HomeMy WebLinkAbout2020-13 allocating anticipated Transient Occupancy Tax1
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RESOLUTION NO.2020-13
A RESOLUTION ALLOCATING ANTICIPATED TRANSIENT OCCUPANCY TAX
TOURISM RESTRICTED REVENUES FOR FISCAL YEAR 2021 AND REPEALING
RESOLUTION 2020-07.
RECITALS:
A. That the City of Ashland collects a Transient Occupancy Tax (TOT) pursuant to Ashland
Municipal Code 4.24. Revenues from the Transient Occupancy Tax are used to fund general
governmental expenses, economic development, tourism promotion and related infrastructure
and the City's Economic, Cultural, and Sustainability Grant program.
B. The City of Ashland has determined that as of July 1, 2003, $186,657 or 14.23 percent of the
City of Ashland's total Hotel/Motel tax revenues were expended on tourism promotion, as
defined in ORS 320.350.
C. ORS 320.350 requires 70 percent of any increased TOT revenue generated by tax rate
increases after 2003 be committed to tourism promotion.
D. Appropriations for tourism promotion are based upon the following percentages established in
FY 2009-10 when the rate was increased from 7 percent — 9 percent:
• A minimum of 14.23 percent of the estimated TOT revenue generated by the original 7
percent tax rate for tourism promotion per ORS 320.350 and,
• A minimum of 70 percent of the estimated TOT revenue generated by additional tax rates
approved by Council on June 3, 2008 consistent with ORS 320.350.
E. Appropriations for the Tax Rate increase of one percent on August 1, 2018 are based on
projected collections and allocated as follows:
• 70 percent of the estimated TOT revenue generated by the additional 1 percent tax rate
pursuant to ORS 320.350 and,
• 30 percent of the estimated TOT revenue generated by additional 1 percent tax rate for
General Government Operations.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ASHLAND, OREGON,
RESOLVES AS FOLLOWS:
SECTION 1.
For Fiscal Year 2021, the City of Ashland expects to receive an estimated $925,513 for Transient
Occupancy Tax collections. The annual allocation between tourism and general governmental
RESOLUTION NO.2020-13 Page 1 of 3
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operations is as follows:
TOT Anticipated Revenues
% of Total
FY 2020-21
Tourism Restricted (ORS 320)
29%
268,399
General Government Operations
71 %
657,114
TOTALS
i 100%
$925 513
Tourism Allocation
Tourism restricted funds will be allocated as
follows:
Tourism Restricted TOT Allocation
of
Tourism
Originally
Adopted
2020-21
Projected
2020-2021
TOTAL Tourism TOT
949,884
268,399
Long Term Parking Supply
245,727
0
FY 2019 Uncommitted Parking Supply (removed commitment)
241,326
FY 2020 Uncommitted Parking Supply (removed commitment)
245,727
Unrestricted Remaining Tourism TOT
704,157
755,452
Visitor & Convention Bureau — Chamber of Commerce
75%
446,338
521,338
Oregon Shakespeare Festival
Fixed
110,000
$35,000
Tourism Small Grants Program
11 %
80,000
80,000
Public Art
5%
35,208
35,208
Other City Tourism eligible Capital Projects
Remainder
32,611
83,906
TOTAL RESTRICTED TOT ALLOCATION
$704,157
$755,452
If actual tourism specific 10 1 revenue collections exceea the aoove anocauons or ii acLuai,
qualifying expenditures in the year are less than the appropriated amount, the additional or
unused amount(s) will be reserved for qualifying future Tourism related expenditures as
determined by Council.
Non Tourism Allocation
The remaining estimated TOT revenue allocated for general government operations will be 100
percent appropriated through the budget process. Unrestricted TOT revenue unspent in a budget
year becomes part of the General Fund unrestricted ending fund balance unless otherwise
determined by City Council.
RESOLUTION NO.2020-13
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Unrestricted TOT Allocation 2020-2021
TOTALS $657,114
SECTION 2. Resolution 2020-07 is repealed upon passage of this resolution.
SECTION 3. This resolution is effective upon adoption.
ADOPTED by the City Council this 2t'`- day of '� �-�-� 12020.
ATTEST:
Melissa Huhtala, City Recorder
SIGNED and APPROVED this Zl5'- day of 92020.
Reviewed as to form:
�cJ
David H. Lo"Cityorney
11�-A#' ZEN
John Stromberg
1 t
RESOLUTION NO.2020-13
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