Form revised February 12, 2004
FISCAL NOTE FOR NON-CAPITAL PROJECTS
Department: |
Contact Person/Phone: |
DOF Analyst/Phone: |
Legislative |
Nate Van Duzer/206-233-7801 |
N/A |
Legislation Title: |
A RESOLUTION to initiate a Tourism Business Improvement Area |
· Summary of the Legislation:
· Background:
· Please check one of the following:
____ This legislation does not have any financial implications. (Stop here and delete the remainder of this document prior to saving and printing.)
__X_ This legislation has financial implications. (Please complete all relevant sections that follow.)
Anticipated Revenue/Reimbursement: Resulting From This Legislation: This table should reflect revenues/reimbursements that are a direct result of this legislation. In the event that the issues/projects associated with this ordinance/resolution have revenues or reimbursements that were, or will be, received because of previous or future legislation or budget actions, please provide details in the Notes section below the table.
Fund Name and Number |
Department |
Revenue Source |
2011 Revenue |
2012 Revenue |
198XX Seattle Tourism Improvement Area |
Finance and Administrative Services |
Ratepayer Assessments |
$1,000,000..00 |
$6,000,000.00 |
TOTAL |
|
|
$1,000,000.00 |
$6,000,000.00 |
Notes: In 2011, the special assessment will provide approximately $1,000,000.00 in revenue for leisure tourism costs of the STIA. Finance and Administrative Services (FAS) would collect the assessments from the ratepayers, but the funds would then be kept by FAS only for reimbursement to the Seattle Tourism Improvement Area.
Total Regular Positions Created Or Abrogated Through This Legislation, Including FTE Impact: This table should only reflect the actual number of positions created by this legislation In the event that positions have been, or will be, created as a result of previous or future legislation or budget actions, please provide details in the Notes section below the table.
Position Title and Department* |
Fund Name |
Fund Number |
Part-Time/ Full Time |
2011 Positions |
2011 FTE |
2012 Positions** |
2012 FTE** |
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TOTAL |
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0 |
0 |
0 |
0 |
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* List each position separately
** 2011 positions and FTE are total 2012 position changes resulting from this legislation, not incremental changes. Therefore, under 2012, please be sure to include any continuing positions from 2011
Notes: Discussions with FAS indicate that existing staff resources can handle any administrative functions related to the STIA necessary for the City to perform.
· Do positions sunset in the future? (If yes, identify sunset date):
Not applicable.
Spending/Cash Flow: This table should be completed only in those cases where part or all of the funds authorized by this legislation will be spent in a different year than when they were appropriated (e.g., as in the case of certain grants and capital projects). Details surrounding spending that will occur in future years should be provided in the Notes section below the table.
Fund Name and Number |
Department |
Budget Control Level* |
2011 Expenditures |
2012 Anticipated Expenditures |
198XX Seattle Tourism Improvement Area |
Finance and Administrative Services |
Not applicable. |
$1,000,000.00 |
$6,000,000.00 |
TOTAL |
|
|
$1,000,000.00 |
$6,000,000.00 |
* See budget book to obtain the appropriate Budget Control Level for your department.
Notes: Again, FAS would collect the assessments from the ratepayers, but the funds would then be kept by FAS only for reimbursement to the Seattle Tourism Improvement Area, which would actually administer the staffing, projects and other costs associated with the STIA.
· What is the financial cost of not implementing the legislation? (Estimate the costs to the City of not implementing the legislation, including estimated costs to maintain or expand an existing facility or the cost avoidance due to replacement of an existing facility, potential conflicts with regulatory requirements, or other costs if the legislation is not implemented.)
None. The STIA is established as a revenue-neutral program.
What are the possible alternatives to the legislation that could achieve the same or similar objectives? (Include any potential alternatives to the proposed legislation, such as reducing fee-supported activities, identifying outside funding sources for fee-supported activities, etc.)
None. Improvement area services are in addition to, and not a replacement of, basic City services, and are funded by assessments on the properties that benefit from the services. If the legislation is not passed, the services under the improvement area will not be provided.
· Is the legislation subject to public hearing requirements: (If yes, what public hearings have been held to date, and/or what plans are in place to hold a public hearing(s).)
Not applicable.
Please list attachments to the fiscal note below: