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HomeMy WebLinkAboutCDN 2018-10-09 Item 2C - Budget - 2019-2020 Biennial Budget: Lodging Tax404 4�z City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Community Development and Neighborhoods FROM: Brandon J. Miles, Business Relations Manager CC: Mayor Ekberg DATE: October 2, 2018 SUBJECT: 2019/2020 Lodging Tax Budget ISSUE Proposed budget for Lodging Tax (101 Fund) for 2019/2020. BACKGROUND The City charges a 1% special excise tax on certain overnight stays in area lodging businesses and short-term rentals (stays under 30 days). Per Washington State Law, the use of these funds is limited to tourism promotion activities. Lodging tax funds are used to support a variety of tourism promotion activities within the City. Historically, the City has provided funding for Seattle Southside Regional Tourism Authority (SSRTA), the Museum of Flight, and Starfire Sports. As part of the branding process completed in 2017, the City expressed a desire to expand access to funding and support smaller events within the City in order to expand the tourism environment of the City. In 2018, the City provided funds to support the Rave Green Run, hosted by the Seattle Sounders and Renton Comic Con, two smaller events brought into the City. Historical Lodging Tax Revenue The Seattle region's overall economic boom continues to increase the need for hotel rooms in the area. Supply of hotels rooms in the area continues to increase. In 2017/2018, the area saw an increase in hotel properties in Renton, SeaTac, Des Moines, and Tukwila. Hotel revenue is forecasted to continue to grow in 2019/2020; however, at a much slower rate due to supply starting to catch up do demand. Year 2012 2013 2014 2015 2016 2017 2018 Amount $822,033 $526,832 $596,781 $677,691 $710,267 $736,784 $764,767 (projected) Growth MI= .9% 13.27% 13.55% 4.08% 3.07% 3.07% DISCUSSION The following outlines staff's lodging tax revenue estimates for 2019 and 2020. Year 2019 2020 Projected Revenue Amount: $775,000 $800,000 Projected Growth (Based budgeted amounts): 2.66% 3.23% 71 INFORMATIONAL MEMO Page 2 Staff is predicting little growth for the lodging tax funds for 2018 and 2019, with growth limited to inflation. Increase supply (more rooms) will depress overall room rates as new hotels come online in the region. Proposed 2018/2019 Expenditures for Lodging Tax The following are the general areas of spending City Administration is anticipating for lodging tax funds in 2019/2020. Note, these are placeholders for now as State Law requires that all formal requests be reviewed by the City's Lodging Tax Advisory Committee (LTAC), which then forwards a recommendation to the City Council. LTAC reviews lodging tax funding requests are monthly basis, with applications for 2019/2020 scheduled to be considered this fall. If the LTAC and Council approve lodging tax requests that exceed these placeholder amount, the Council may need to amend the budget. • Continue Southcenter 50 celebration. • Identify and/or create a Tukwila signature event for the region. • Increase total number of recipients of lodging tax funds, including identifying how to support smaller events that help build a tourism destination for the City. • Work with Seattle Southside Regional Tourism Authority and Seattle Southside Chamber of Commerce on south end restaurant week. • Increase total lodging expenditures in the City by at least five percent per year. • Complete wayfinding program in Southcenter District. • Explore possible implementation of a banner program in the City, specifically in the Southcenter District, along Tukwila International Blvd, and Interurban Ave S. Staffing Costs For 2019/2020 the budget also includes a .5 FTE. This is not a new position. LTAC staff support; oversight of lodging tax contracts; and coordination of the City's tourism promotion activities are currently done by the Business Relations Manager in the Mayor's Office. This position is currently funded 100% by the general fund. Administration is proposing to split the cost for this position 50/50 between the general and lodging tax funds. RECOMMENDATION Staff recommends that the Committee forward this section of the budget to the Committee of the Whole for review. If there are not recommended changes, City Council consensus will be requested to move the lodging tax budget forward to the final budget package in November. ATTACHMENTS • Proposed 2019/2020 Lodging Tax Fund Budget 72 Z:ICouncil Agenda Items\Finance110.9 CDNIInfo Memo Lodging Tax Budget.docx DEPARTMENT: Mayor's Office FUND: Lodging Tax Fund RESPONSIBLE MANAGER: Brandon Miles Description FUND NUMBER: 101 POSITION: Economic Dev. Liaison This fund consists of proceeds from a special excise tax on lodging charges and is used to promote tourism (both day and overnight) within the City (Chapter 67.28 RCW). 2017-2018 Accomplishments • Completed and launched new Tukwila tourism and economic development brand. Strategic Goal 5 • Worked collaboratively with the cities of SeaTac and Des Moines, through Seattle Southside Regional Tourism Authority, to increase demand for overnight tourists in the region. Strategic Goal 5 • Supported two new events in the City, Rave Green 5k and Renton Comic Con. Strategic Goal 5 • Began Southcenter 50 celebration, in partnership with Seattle Southside Chamber of Commerce and Westfield Southcenter. Strategic Goal 5 • Tukwila was selected as the host city for the new Major League Rugby team, Seattle Seawolves. Strategic Goal 5 2019-2020 Outcome Goals • Continue Southcenter 50 celebration. Strategic Goal 5 • Identify and/or create a Tukwila signature event for the region. Strategic Goal 5 • Increase total number of recipients of lodging tax funds, including identifying how to support smaller events that help build a tourism destination for the City. Strategic Goal 5 • Work with Seattle Southside Regional Tourism Authority and Seattle Southside Chamber of Commerce on south end restaurant week. Strategic Goal 5 • Increase total lodging expenditures in the City by at least five percent per year. Strategic Goal 5 • Complete wayfinding program in Southcenter District. Strategic Goal 5 • Explore and potential implementation of a banner program in the City, specifically in the Southcenter District, along Tukwila International Boulevard, and Interurban Ave S. Strategic Goal 5 2019-2020 Indicators of Success • Identification and recruitment of new activities, festivals, and events to bring to the City. • Increased sales at hotels, restaurants, and entertainment establishments. • More "feet on the streets" and "heads in beds." 73 Revenue and Expenditure Summary Lodging Tax Actual Budget Percent Change 2016 2017 Projected 2018 2018 2019 2020 2018-19 2019-20 Operating Revenue Hotel/Motel Taxes $ 710,267 $ 736,784 $ 764,767 $ 755,000 $ 775,000 $ 800,000 2.65% 3.23% Total General Revenue 710,267 736,784 764,767 755,000 775,000 800,000 2.65% 3.23% Miscellaneous Revenue Investment Eamings 1,576 5,695 9,858 3,000 3,000 3,000 0.00% 0.00% Other Misc Revenue - - - - - - 0.00% 0.00% Total Miscellaneous Revenue 1,576 5,695 9,858 3,000 3,000 3,000 0.00% 0.00% Total Revenue 711,843 742,479 774,626 758,000 778,000 803,000 2.64% 3.21% Operating Expenditures Salaries & Wages - - - - 55,457 56,586 0.00% 2.04% Personnel Benefits - - - - 17,847 18,411 0.00% 3.16% Supplies (11,722) 74 2,382 5,000 5,000 5,000 0.00% 0.00% Services 399,127 479,487 505,304 596,086 596,086 596,086 0.00% 0.00% Intergodt Services & Taxes - - - - - - 0.00% 0.00% Total Operating Expenditures 387,405 479,562 507,685 601,086 674,390 676,083 12.20% 0.25% Indirect cost allocation 35,000 35,700 36,414 36,414 18,741 19,416 -48.53% 3.60% Total Expenditures 422,405 515,262 544,099 637,500 693,131 695,498 8.73% 0.34% Beginning Fund Balance 623,120 912,558 1,139,775 920,375 1,370,302 1,455,171 48.89% 6.19% Change in Fund Balance 289,438 227,217 230,526 120,500 84,869 107,502 -29.57% 26.67% Ending Fund Balance $ 912,558 $1,139,775 $1,370,302 $1,040,875 $1,455,171 $1,562,673 39.80% 7.39% 74 Expenditure Detail - Salaries and Benefits Lodging Tax Position Description 2018 FTE 2019 FTE 2019 Budgeted Salaries Benefits 2020 FTE 2020 Budgeted Salaries Benefits Economic Development Liaison 0 0.5 $ 55,457 $ 17,847 0.5 $ 56,586 $ 18,411 Department Total 0 0.5' $ 55,457 $ 17,847 0.5 $ 56,586 $ 18,411 Expenditure Detail - Supplies and Services Data presented here is related to the Lodging Tax Advisory Committee (LTAC). Lod in Tax Account Number Actual Budget 2016 2017 Projected 2018 2018 2019 2020 101.00.557.300.31.00 Supplies - Office & Operating $ 7 $ 74 $ 2,382 $ 5,000 $ 5,000 $ 5,000 101.00.557.302.31.00 Supplies -Office and Operating (11,729) - - - - - Total Supplies (11,722) 74 2,382 5,000 5,000 5,000 101.00.557.300.42.00 Communication - Sprint, MCI, Eblast (127) - - - - 101.00.557.300.42.01 Communication - Postage - (6,393) - - - - 101.00.557.300.43.00 Travel - Parking, meals, mileage, air trawl 11 343 10,710 10,000 10,000 10,000 101.00.557.300.47.26 Utilities 683 - - - - - 101.00.557.300.49.00 Misc 2,766 9,856 9,805 20,000 20,000 20,000 101.00.557.301.41.00 Prof S\ics - 123,337 72,102 100,000 100,000 100,000 101.00.557.301.44.00 Marketing - 15,345 63,836 113,586 113,586 113,586 101.00.557.301.44.11 Marketing - Starfire Sports 12,500 - - - - - 101.00.557.302.41.00 Prof Secs - Conversion Study & SSRTA 337,500 270,000 198,125 202,500 202,500 202,500 101.00.557.302.41.01 Prof Svcs - SW King County Chamber - - - - - - 101.00.557.302.41.03 Prof Secs - Community Events 16,202 67,000 150,000 150,000 150,000 150,000 101.00.557.302.41.05 Museum of Flight 35,000 - - - - - 101.00.557.302.43.00 Travel - Mileage, parking, etc. 314 - - - - - 101.00.557.302.49.00 Misc - Misc incidental costs 279 - 725 - - - 101.00.557.303.44.10 Athertising - SeaTac marketing projects (6,000) - - - - - Total Services 399,127 479,487 505,304 596,086 596,086 596,086 Total Supplies, Services $ 387,405 $ 479,562 $ 507,685 $ 601,086 $ 601,086 $ 601,086 75 This page intentionally left blank 76