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Amended LT-2020-002
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2020-04-21 10:00 AM - Commissioners' Agenda
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Amended LT-2020-002
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Last modified
6/3/2020 8:56:19 AM
Creation date
6/3/2020 8:56:01 AM
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Meeting
Date
4/21/2020
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Alpha Order
c
Item
Request to Approve an Amended Emergency Policy on Lodging Tax Contracts LT-2020-001 through LT-2020-030
Order
3
Placement
Consent Agenda
Row ID
61782
Type
Agreement
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Funding Source <br />Lodging Tax <br />Funding Shortfalls* <br />Matching Funds <br />Percentage <br />Verification of ln-kind <br />Contributions <br />9l Project Budget Overview <br />Please complete budget for this project/proposal. lf your agency operates independently of this project application it may <br />not be necessary to submit the eniire agency budget. You must submit a budget which specifically pertains to the <br />project/event for which you are requesting funding and adheres to the basic budget format shown below. <br />The budget must include anticipated revenues, elpenditures, and any potential profit or loss. For projects/events r,uhich <br />are ongoing for more than one (1) year, please also submit actuals from the previous three (3) years of operations <br />(need not be consecutive) for the project/proposal if applicable. <br />For any claimed in-kind contributions valued at $500 or more and related to marketingladvertising, you must <br />submit vqrifying documentation which assures the contribution will be provided. For instance, if you are <br />claiming in-kind contributions in the lorm of advertising match, a binding conlract itemilng the matching value and <br />obligating each party must be provided. <br />ATTENTION: ln an effort to allowan adequate level of flexibiliiy for all applicants, not all fields in the budget portion are <br />required to be filled before this form is submitted. Providing all applicable data is your responsibility, failure to do <br />so will potentially jeopardize your application's chance for review. <br />Amount <br />$ 30,000.00 <br />\Ahal changes would occur if the project couldn'l be funded? <br />We are able to balance our budget every year. Funds from lodging tax are <br />considered under grant funds and will not effect our operating expenses so \ € are <br />not dependent on these funds to serve our mission, but they do allow us to grow <br />our audience and promote Kiititas County. ln addition to the funds vrie receive from <br />LTAC u,e also have advertising built into specific eveni budget as well as an <br />account dedicated to General Advertising. LTAC funds greatly increase our reach. <br />Regarding a cost-recovery model, all of our events have income and epenses that <br />balance out. lt's the excess of these events that support our free programs for <br />youih, salaries and other general operating expenses (utilities, repairs, etc). ln <br />addiiion have accumulaied a small nest egg in case of loss or unepected <br />e)penses. <br />ln regards to the requested support for these marketing methods, vr,e will scale <br />back our efforts to reflect funds awarded. <br />2500 character linit. <br />1457.28 <br />This fidd will auto fill with the correct percenlage based on ydir input to budget section bdow <br />for any clained in-kind contrih-ttions valued at $500 or nore and related to narketing/advertising, you m.st subnit <br />verifying docunEntation which assures the cortributim will be provided. <br />LTAC Grant <br />Funding <br />Past Actual 3 <br />$ 12,000.00 <br />Past Actual 2 <br />$ 14,750.00 <br />Past Actual 1 <br />$ 15,000.00 <br />Projected <br />$ 30,000.00 <br />Budget Year <br />Revenues From Consolidated Lodging Tax Grant <br />2018 2019 2020Edit if necessary 2017
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