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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 12/15/03 <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Cabarrus County Tourism Authority reduction of Occupancy Tax revenues. <br /> <br />BRIEF SUMMARY: <br />The Tourism Authority's budget approved by the Board of Commissioners was based on <br />revenue produced by a 6% occupancy tax. Since the occupancy tax remains at 5%, it is <br />necessary to reduce the budget by $166,934. <br /> <br />This reduction has been approved by the Tourism Authority. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Adopt budget amendment. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation <br /> <br />Submitted By: Ann Sternal, CVB Director Date: 12/2/03 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes <br /> <br />I~ No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br /> <br />Manager's Signature ~~..~ <br /> <br /> <br />