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11. Resolution 5689 - Budget Resolution - Tourism BIDCity a is e Post Office Box 1997 - Kalispell, Montana 59903-1997 Telephone (406) 758-7000 Fax - (406) 758-7758 a REPORT TO: Doug Russell, City Manager � � FROM: Rick Wills, Finance Director SUBJECT: FY2015 Tourism Business Improvement District budget MEETING DATE: August 18, 2014 BACKGROUND: The TBID annual appropriations request is $550,000. The TBID is a component unit of the City of Kalispell, and City Council approval of the budget and work plan is required. The budget and work plan were included in the preliminary budget. Collections for hotel assessments are passed through to the Chamber of Commerce from the City, but the City does not maintain a fund on its books to track their revenue or expenditures. RECOMMENDATION: It is recommended the City Council approve Resolution 5689 adopting the appropriations and work plan for the Tourism Business Improvement District. Rick Wills Finance Director SECTION 1. That the annual appropriations for the Tourism Business Improvement District of the City of Kalispell, Montana are hereby fixed as follows: TOURISM BUSINESS IMPROVEMENT DISTRICT $550,000 SECTION 2. The Tourism BID Board of Directors is hereby authorized to transfer any part of an unencumbered balance of an appropriation to a purpose or object for which the appropriation for the current year is insufficient or to transfer between items appropriated within the fund. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 18TH DAY OF AUGUST, 2014. Mark Johnson Mayor ATTEST: Theresa White City Clerk