Title
Receive an informational report regarding Transient Occupancy Tax (TOT) contributions, Proposition 172 allocations, discretionary contributions to outside agencies, and employee compensated absences.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors receive an informational report regarding Transient Occupancy Tax (TOT) contributions, Proposition 172 allocations, discretionary contributions to outside agencies, and employee compensated absences.
SUMMARY/DISCUSSION:
As requested by the Board of Supervisors, this report provides the Budget Committee with information on transient occupancy tax (TOT) contributions and employee compensated absences. Additional discretionary allocations, including Proposition 172 public safety allocations was included for the Board's knowledge. Directing staff to provide this information in advance of the budget process promotes healthy discussion to ensure resource allotments continue to be aligned with Board priorities.
TOT- Development Set-Asides and Road Fund
Development Set-Asides
In FY 2007-08, the Board of Supervisors approved a formula-based policy to fund the Development Set-Asides (DSAs) which includes the Monterey County Convention and Visitors Bureau (MCCVB), the Arts Council for Monterey County (ACMC), and the Monterey County Film Commission (MCFC). The contributions are based on a percentage of the County's TOT from two fiscal years prior. The percentages for the MCCVB, the Arts Council and the Film Commission are 6%, 1.98%, and .95%, respectively. The Monterey County Business Council (MCBC) was later added at a flat contribution amount.
Table 1 in Attachment A provides the actual contributions for the prior three fiscal years and the budgeted amounts for the current fiscal year. Despite growth in actual TOT, calculated contributions in FY 2016-17 and 2017-18 were capped at $1,775,396 due to budget constraints. In FY 2018-19, $12,790 was redirected from MCCVB's contribution to the MCB...
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