Narrative of Resolution:
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TO AMEND THE ROOM TAX RESTRICTED FUND BALANCE AND ALLOW THE COUNTY TREASURER AND COUNTY MANAGER TO AMEND THIS FUND BALANCE ADMINISTRATIVELY IN FUTURE FISCAL YEARS
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Amount to be authorized by Resolution: 0
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WHEREAS, Sullivan County collects Room Tax on certain lodging establishments and is statutorily required to contract with non-for-profits for the purpose of tourism promotion, and
WHEREAS, the County of Sullivan has a contract with the Sullivan County Visitors Association that provides for them receiving a percentage of Total Room Tax receipts, and
WHEREAS, the 2022 Room Tax reconciliation has been completed requiring the County to set aside $939,197.02 in our Room Tax Fund Balance, and
WHEREAS, as the County is restricted by state statue and contractual terms with our non-for-profit vendor, the Sullivan County Legislature desires to permit the County Treasurer and County Manager to administratively amend the Room Tax Fund balance on a yearly basis based upon the State statute, contractual terms, and final Room Tax Receipts.
NOW, THEREFORE, BE IT RESOLVED, that Sullivan County Legislature hereby increase the Room Tax Fund Balance as follows:
Increase Restricted Fund Balance - Room Tax $939,197.02
BE IT FURTHER RESOLVED, that the Sullivan County Legislature authorizes the County Manager and County Treasurer to adjust the “Restricted Fund Balance - Room Tax” based upon the State stature, contractual terms, and final Room Tax Receipts.