AGENDA CAPTION:
Title
Consider approval of Resolution 2020-140R, authorizing funding in the amount of $100,000 to be transferred from the Permanent Art Fund to the Art and Cultural Grants Programs for fiscal year 2021 as recommended by the San Marcos Arts Commission; and declaring an effective date.
Body
Department: Convention and Visitor Bureau / Arts
Amount & Source of Funding
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Fiscal Note:
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Background Information:
Annually, Council allocates Hotel Occupancy Tax (HOT) funds to the Arts and Cultural Grants program and the Permanent Art Fund ($137,500 to each program in FY 2020).
The Arts and Cultural Grant program is funded primarily through HOT allocations ($137,500 in FY 20) and supplemented with General Fund money for projects that do not have a tourism impact yet provide value to our residents (in FY 2020, the amounts were $20,500 for this purpose and $33,440 for diversity programs).
Due to the anticipated drop in Hotel Occupancy tax collections for FY 2021 due to COVID19 crisis, there will likely be insufficient funds available for this program. The Permanent A...
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