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HomeMy WebLinkAbout1988-205 CCR1 1 Member Bill Hawes introduced the following resolution and moved its adoption: RESOLUTION NO. 88 -205 RESOLUTION AMENDING THE 1988 GENERAL FUND BUDGET FOR THE LODGING TAX WHEREAS, Section 7.08 of the City Charter of the City of Brooklyn Center does provide for increasing the amount fixed in the budget resolution, but only to the extent that actual receipts exceed the estimates and then not beyond the actual receipts; and WHEREAS, Ordinance No. 86 created chapter 22 of the City Ordinances relating to a tax imposed upon lodging; and WHEREAS, for accounting purposes the City has been treating this as a pass through tax collected on behalf of the North Metro Convention and Tourism Bureau and not as a City revenue and expenditure; and WHEREAS, the City's auditors have determined that the proper accounting for this requires it to show as a City revenue and expenditure. NOW, THEREFORE, BE IT RESOLVED by it City Council of the City of Brooklyn Center to amend the 1988 General Fund Budget by increasing the estimated Lodging Tax revenues and the appropriation for Convention and Tourism by $175,000.00. Dember 19, 1988 Date May ATTEST: <J Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Rich Theis and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes, and Rich Theis; and thefollowing voted against the same: none, whereupon said resolution was duly passed and adopted.