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Item Nos. 12 & 13 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: VCC & LCC BUDGETS <br />DATE: September 8, 2015 <br />BACKGROUND: On an annual basis, the Paris Visitors & Convention Council and the Love <br />Civic Center are required by contract to submit future year operating budgets. <br />STATUS OF ISSUE: Attached are this year's budget requests. Both are increasing over current <br />year due to anticipated revenue increases. Lamar County Chamber of Commerce executive <br />director Ken Higdon will present the budgets at the September 14 council meeting. <br />BUDGET: Funding comes from the Hotel Occupancy Tax (HOT), plus a few other smaller <br />revenue sources, including facility rentals. <br />RECOMMENDATION: Accept budget. <br />