HomeMy WebLinkAbout10-21-19 City Commission Packet Materials - A6. Res 5080, Amending the Annual Budget for Funds to the TBID Fund for FY20
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Kristin Donald, Finance Director
SUBJECT: Commission Resolution No. 5080 – Amending the City’s Annual Budget
for the Tourism BID Fund Appropriations for the Fiscal Year Ending June
30, 2020 (FY20).
MEETING DATE: October 21, 2019
AGENDA ITEM: Action
RECOMMENDATION: Approve Resolution No. 5080- Amending the City’s Annual
Budget for Tourism Business Improvement District Fund Appropriations.
RECOMMENDED MOTION 1:
I move to take Resolution 5080 off the table.
RECOMMENDED MOTION 2:
I move to adopt Resolution 5080 amending the City’s annual budget to appropriate funds to the
Tourism Business Improvement District Fund.
BACKGROUND:
The Tourism Business Improvement District (TBID) was created 10 years ago and the district
sunseted on September 10, 2019. At the time of budget adoption, the plans for dissolution of the
TBID had not been finalized so no appropriation was made for the fund. On September 9, 2019,
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the City noticed a public hearing of the City Commission (“Commission”) to approve the
appropriation. At that meeting, the Commission tabled the decision until a Memorandum of
Understanding (“MOU”) with the Chamber regarding the TBID dissolution had been brought to
the Commission.
This resolution appropriates the assessments collected, $1,198,596, and brings the TBID fund
balance to $0. Funding will not be distributed until a final dissolution plan and MOU with the
Chamber of Commerce is approved by the Commission. The Chamber has signed the MOU and
it is on tonight’s agenda for the Commission’s approval.
ALTERNATIVES: As suggested by the Commission.
FISCAL EFFECTS: The current budgeted spending in the Tourism BID Fund will increase by
a total of $1,198,596. The FY20 estimated ending cash balance in the Tourism BID Fund will be
decreased to $0 and the fund will become inactive with the dissolution of the district.
Attachment: Resolution No. 5080 Report compiled on October 11, 2019
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RESOLUTION 5080
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, AMENDING FISCAL YEAR 2020 (FY20) TOURISM BUSINESS
IMPROVEMENT DISTRICT FUND BUDGET TO INCLUDE ADDITIONAL
EXPENDITURES OF $1,198,596.
WHEREAS, the City Commission did, on the 24th day of June 2019, after due and
proper legal notice, conduct a public hearing and adopt a municipal budget for Fiscal Year 2019-
2020 (Fiscal Year 2020); and
WHEREAS, the City Commission did, on the 9th day of September 2019, after due and
proper legal notice, conduct a public hearing on a proposed amendment to the municipal budget
to appropriate funds to the Tourism Business Improvement District (“TBID”) Fund; and
WHEREAS, at the public hearing on the 9th of September 2019, the City Commission’s
decision on the budged amendment was tabled; and
WHEREAS, the City Commission did, on the 21st of October 2019, resume the public
hearing and approved the proposed amendment to the municipal budget.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Bozeman, Montana, to wit:
Section 1 – Appropriation Changes
The City Commission of the City of Bozeman, Montana, does hereby authorize the
following changes to expenditures in the TBID Fund:
Additions: This amount is added to the FY20 budget.
Operations $1,198,596
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Resolution 5080, Budget Amendment for Tourism BID Fund for FY20
Total Appropriations Changes: $1,198,596
Section 2 – Use of Cash on Hand in the Tourism BID Fund
The increased appropriation of $1,198,596 will be funded with cash on hand in the TBID
Fund.
Section 3
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full
force and effect on July 1, 2019.
Section 4
That should it be found by any court of competent jurisdiction that any section, clause,
portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law
or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman,
Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document
shall remain in full force and effect.
PASSED, ADOPTED, AND APPROVED by the City Commission of the City of
Bozeman, Montana, at a regular session thereof held on the 21st day of October, 2019.
___________________________________
CYNTHIA L. ANDRUS Mayor
ATTEST:
_________________________________
ROBIN CROUGH
City Clerk
APPROVED AS TO FORM:
___________________________________
GREG SULLIVAN
City Attorney
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