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HomeMy WebLinkAboutPED 2020-08-03 Item 1C - Funding - Tourism Funding: Work PlanCity of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Planning and Economic Development FROM: Brandon Miles, Business Relations Manager CC: Mayor Ekberg DATE: July 27, 2020 SUBJECT: Tourism Funding: Work Plan ISSUE Schedule for briefing Planning and Economic Development (PED) are issues related to tourism funding as part of 2021/2022 budget update process. BACKGROUND At the July 20 PED meeting staff provided an overview of the status of the lodging tax fund and requesting input on items to be reviewed as part of the lodging tax budget update. The lodging tax budget is scheduled to be completed in October to be included in the City's overall budget. DISCUSSION Based upon last meeting's discussion, as well as previous discussions with PED, staff has prepared the following draft schedule, including the dates for briefings to PED on specific topics. Staff would like feedback (removing or adding items) on the topics as well as which items should go to the full City Council for briefing. Staff will prepare a final document to transmit to the full council with the final budget. Committee Topic Meeting Date Outcomes/Goals Notes Name PED Tourism Funding: August 3, 2020 PED gains an This initial Tourism understanding of discussion Promotion and the different started on June Lodging Tax tourism funds 1. This will be a Briefing being used to continued promote the City. discussion with PED. LTAC Briefing to LTAC August 14, Begin to get input 2020 from LTAC members about funding priorities. PED Lodging Tax August 17, Review revenue Revenue and 2020 forecasts for Ending Fund 2021 and 2022. Balance Forecasts PED Lodging Tax August 17, Understand what Allowable Uses 2020 is eligible and and Process for what is not using funds eligible for use of 11 INFORMATIONAL MEMO Page 2 lodging tax funds. PED Historical Uses of August 17, Understand how Lodging Tax 2020 the City has Funds historically used lodging tax funds, including background on groups that have received funds in the past. LTAC Continued September 11, Discussion on Discussion with 2020 LTAC priorities LTAC. for 2021 and 2022. PED Tourism September 21, Background on Note, due the Promotion Area 2020. TPA, TPA Labor Day (TPA) and Interlocal Holiday there is Seattle Southside Agreement, and no meeting on Regional Tourism the City's September 7. Authority agreements with (SSRTA) SSRTA. Discuss any possible updates to the TPA ILA. PED SSRTA Return September 21, Understand how on Investment 2020 SSRTA (ROI) calculates its ROI. PED Measurement of September 21, Discuss how the Success for 2020 City wants to Tourism measure success Promotion of both lodging Activities. tax and TPA funds. PED Other? What else October 5, Discuss new could we be 2020. activities, doing and what specifically other possible new opportunities are festivals and also out there. discuss partnerships with Visit Seattle and Kent Valley Wa cities. PED Creation of October 5, Discuss Tourism Funding 2020 allocation of Allocation funds based on https://tukwilawa.sharepoint.com/sites/mayorsoffice/cc/Council Agenda Items/Mayor's Office/PED, August 3/Tourism Funding, Work Plan/Tourism Funding Info 12 Memo, no attachments.doc INFORMATIONAL MEMO Page 3 Buckets. the City's overall goals. PED Draft 2021 /2022 October 5, Draft budget for Lodging Tax 2020 PED Budget consideration. LTAC Funding requests October 9, Forward funding for 2021 and 2020 requests to City 2022. Council for review. PED Lodging Tax October 19, Review of funding Funding 2020 requests Requests forwarded by the LTAC to the City Council. PED Final Budget for October 19, Review budget Committee 2020 and forward to consideration the full City Council. FINANCIAL IMPACT None. RECOMMENDATION Discussion only. ATTACHMENTS None. https://tukwilawa.sharepoint.com/sites/mayorsoffice/cc/Council Agenda Items/Mayor's Office/PED, August 3/Tourism Funding, Work Plan/Tourism Funding Info Memo, no attachments.doc 13