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Item No. 13 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: LCC & VCC BUDGETS <br />DATE: August 15, 2016 <br />BACKGROUND: The bylaws of both the Love Civic Center and the Visitors and Convention <br />Council, since they receive funding from the city's Hotel Occupancy Tax (HOT), require that <br />their annual budgets be presented to and approved by the city council each summer. <br />STATUS OF ISSUE: Lamar County Chamber of Commerce President Ken Higdon will present <br />their board's recommended budget at the August 22 council meeting, explaining any increases <br />and answering council questions. <br />BUDGET: Funding is from the 7% Hotel Occupancy Tax (HOT), plus certain operating <br />revenues. <br />RECOMMENDATION: Approve chamber requested budgets. <br />