HomeMy WebLinkAboutCity Council Committees - Lodging Tax Advisory Committee - 11/18/2003 (2) OFFICE OF THE MAYOR
Jim White, Mayor
Phone:253-856-5700
• Fax: 253-856-6700
KENT Address: 220 Fourth Avenue S.
W A 5 H I N G T O N
Kent,WA. 98032-5895
AGENDA
LODGING TAX ADVISORY BOARD MEETING
Tuesday, November 18, 2003
2:30pm
2nd Floor City Hall
Mayor's Conference Room
1. Call to order—Councilmember Rico Yingling
2. Approval of minutes of June 3, 2003
3. Resignation of Diana Albertson and new lodging tax advisory board member
4. Financial Report and Latest 2003 projections—May Miller or Cliff Craig, Finance
5. 2004 and 2005 Softball Tournament Bids
6. Kent Lodging Association Budget
7. Potential partnership with Seattle Southside
8. Pacific Raceways
9. Other business
10. Next meeting
11. Adjourn
`ems'
CITY OF KENT
CURRENT BUDGET ANALYSIS AND FORECAST
LODGING TAX OPERATING FUND
as of August 31,2003
2002 2003 2003 2003 2004
Actual Adj Budget YTD Est Actual Preliminary
REVENUES
Lodging Tax 127,390 131,411 69,766 120,067 121,268
Interest Income 521 1,115 22 521 526
TOTAL REVENUES 127,911 132,526 69,788 120,588 121,794
EXPENDITURES
Strong Local Economy
Transfer Out-Tourism Destination 85,000 85,000 6,558 85,000 85,000
Transfers Out-Tourism-Related Projects 66,530 66,530 48,758 55,174 000 dTAL
TOTAL EXPENDITURES(TRANSFERS) 151,530 151530 55,316 140,174 121,000
INCREASE(DECREASE)IN FUND BALANCE (23,619) (19,004) 14,473 (19,586) 794
BEGINNING FUND BALANCE 43,205 19,586 19,586 19,586 -
ENDING FUND BALANCE 19,586 582 34,059 - 794
CURRENT BUDGET ANALYSIS AND FORECAST
TOURISM-RELATED PROJECTS ACCOUNT
as of August 31,2003
2002 2003 2003 2003 2004
Actual Adj Budget YTD Est Actual Preliminary
REVENUES
Transfers in-Lodging Tax Fund 66,530 66,530 48,758 55,174 36,000
EXPENDITURES
Tourism-Marketing(Softball) (1223) 14,303 12,500 11,250 12,500
Tourism Chamber 2000 (1263) - - - -
Tourism Chamber 2001 (1271) 6,465 - -
Tourism Chamber 2002 (1272) 57,530 - - -
Tourism Chamber 2003-Jan-Jun - 39,790 39,790 39,790
Tourism Chamber 2003-July-Dec - 14,120 9,120 14,120
Tourism-Unallocated - 120 - - 36,000
TOTAL EXPENDITURES 78,298 66,530 60,160 66,410 36,000
INCREASE(DECREASE)IN BALANCE (11,768) - (11,402) (11,236) -
BEGINNING PROJECT BALANCE 23,170 3,518 11,402 11,402 166
ENDING PROJECT BALANCE 11,402 3,518 (0) 166 166
13008.x1s 9/16/2003
CITY OF KENT
Lodging Tax Listing
September 10, 2003
Name Address UBI Number
La Quinta Hotel 25100 74th Avenue South 602222862
Century Motel 23421 Military Road South 602203025
Best Western Choice Lodge 24415 Russell Road 601503375
Comfort Inn Kent 22311 84th Avenue South 600658470
Crossland#7018 25104 Pacific Highway South 601888811
Days Inn—Kent 1711 West Meeker Street 601984941
Extended Stay America 22520 83rd Avenue South 601888811
Golden Temple 23408 30th Avenue South 602136410
Kent Hawthorn Suites 6329 South 212th Street 600655253
Kent Holiday Inn& Suites 22318 84th Avenue South 602081734
Kent Valley Motel 743 Central Avenue North 601896566
Kent Howard Johnson 1233 Central Avenue North 600665242
Sunset Motel 25006 Pacific Highway South 601748376
Hemstreet 22420 84th Avenue South 601680616
Seattle Tacoma KOA 5801 South 212th Street 601674190
Victorian Gardens 9621 South 200th Street 601469202
Stonebrook Suites Kent 18123 72°d Avenue South 601805974
P:\Robert's\03 010 - Lodging Tax Tracking 2003\Hotel Listing.doc