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BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 3.A.
For Meeting of: October 6, 2020
ITEM TITLE: Lodging Tax Advisory Committee Report
SUBMITTED BY: Steve Groom, Director of Finance and Budget
SUMMARY EXPLANATION:
The Lodging Tax Advisory Committee met on August 14th and 27th to discuss 2021 Lodging
Tax Grant Applications. The committee recommended a reduction of the 2021 revenue estimate
and recommended allocation to the Yakima Valley Tourism, Capitol Theatre, SOZO Sports of
Central Washington, and the Central Washington State Fair Association. Staff will be
incorporating the recommendation into the 2021 Preliminary Budget and will include it in the
scheduled study sessions.
ITEM BUDGETED: Yes
STRATEGIC PRIORITY:
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
ATTACHMENTS:
Description Upload Date Type
Memo 919120 0 e Me o
2
Lodging Tax Advisory Committee
September 3, 2OZ0
City of Yakima City Council
l29 North 2ndStreet,
Yakima, Washington 9890l
Dear City Council,
The Lodging Tax Advisory Committee (LTA[) met on June 9`1, August 14m and August 27m to
review applications for the 2021 Budget Lodging Tax, The committee received several
applications during the publicly-noticed application period from March I't through June lx.
The committee recommendation utilizes a 2020 Lodging Tax Revenue forecast of $l/3l[i00[i
based on actuals through July 2020 and on hotel interactions with event and meeting planners.
The committee sought to prioritize both city-owned facilities while seeking to reinvest lodging
tax to maximize overnight hotel stays to the greatest extent possible.
The committee's budgetary recommendation isasfollows:
Revenue Forecast 3,310,000
Less Expenditures:
Convention Center debt (347,051)
Convention Center capital evp (72,90
Convention Center operations (606000)
Visitor Center Operations (52,900)
Sports Commission Operations (87,500
Capitol Theatre Operations (/5,000)
0Z0 (20,0W)
Su^0nme (48,600
Total Expenditures (1,310,000)
Surplus(deficit)
Respectfully,
Chair, Lodging Tax Advisory Committee