TITLE
Consider an ordinance approving Killeen Arts Commission recommendations for grant allocations of FY16 Hotel Occupancy Tax funds.
SUMMARY
AGENDA ITEM
Killeen Arts Commission recommendations for grant allocations of FY16 Hotel Occupancy Tax funds
ORIGINATING DEPARTMENT
Finance
BACKGROUND INFORMATION
The City Council may allocate up to one-seventh of the Hotel Occupancy Tax collections for grants to the arts under section 351.101 of the Texas Tax Code for Municipal Hotel Occupancy Tax. The primary responsibility of the Arts Commission is to make recommendations to the City Council regarding the allocation of Hotel Occupancy Tax funds that are designated for grants to the arts. The FY16 proposed maximum funding for the arts is $207,750.
DISCUSSION/CONCLUSION
The Killeen Arts Commission held a meeting on May 15, 2015. During this meeting, eight (8) applicants presented their grant applications to the Arts Commission regarding funding requests. At the June 12, 2015 meeting of the Arts Commission, the Commission recommended allocation of funding for all eight (8) applicants as described in the attached worksheet, totaling $166,000.
Upon Council's approval of the recommended grant allocations, contracts will be prepared by the Finance Department and reviewed by the City Attorney's Office for the City Manager's signature to be executed October 1, 2015.
FISCAL IMPACT
Adequate funding is available for FY16 and will be budgeted in account 214-0000-531.55-43.
RECOMMENDATION
City staff recommends that City Council review, discuss and vote on the Killeen Arts Commission's proposed recommendations.