HOMER,
City Manager
RESOLUTION 09-20
A RESOLUTION OF THE
WHEREAS, The Port and Harbor Commission has been reviewing the Port and Harbor Operating Budget; and
WHEREAS, The Commission has taken an interest in revenue sources for the enterprise fund, particularly fees charged for services; and
WHEREAS, The Commission has noted on numerous occasions that the Port and Harbor is a major economic engine for the City of Homer and that operations there generate significant sales tax revenues which accrue primarily to the General Fund; and
WHEREAS, The Commission believes that some of the sales tax revenues generated by Port and Harbor operations should be collected and transferred to the Port and Harbor Enterprise Fund; and
WHEREAS,
The Commission clarified its position at its regular meeting on
WHEREAS, The City Manager has sponsored this resolution at the Commission’s request in order to get this recommendation on the table for Council discussion.
NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby directs the City administration to track sales tax revenues generated by Port and Harbor operations and to transfer those revenues to the Port and Harbor Enterprise Fund on an annual basis as part of the normal budget approval process.
PASSED
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JAMES C. HORNADAY, MAYOR
ATTEST:
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JO JOHNSON,
Fiscal Note: To be determined. Rough Estimate $135,000 (based upon
Port and Harbor revenues times 4.5%) Does not take into account the sales tax
ceiling of $500.00 or that not all revenues sources are taxable. Needs more
work.