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Item No. 10 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: LCC & VCC BUDGETS <br />DATE: June 29, 2018 <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 Paul Allen will speak to <br />the council and then Lamar County Chamber of Commerce Chairman Josh Bray and Incoming <br />Chair Linda Kapp will present their board's recommended budget at the July 9 council meeting, <br />explaining any increases 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 />