| | MANAGER'S REPORT:
This ordinance would grant $200,000 to the Juneau Arts and Humanities Council (JAHC) as partial funding for a new performing arts center. This grant would be funded by a transfer from the Airport Snow Equipment Removal Facility (SREF) Capital Project.
Both the new performing arts center and the SREF were approved for funding from temporary 1% sales tax that went into effect October 1, 2013. The SREF capital project received $1.55M in sales tax revenues in FY14. The new performing arts center was not scheduled to receive any sales tax revenue in FY14 but now requires funding to move the project forward. At this time the SREF capital project, excluding the $200,000, has sufficient funding to meet their project needs.
The Public Works and Facilities Committee and the Assembly Finance Committee reviewed and approved the forward funding to the JAHC. The JAHC is schduled to receive $200,000 in FY15 funding that will now be used to reimburse the SREF project. | |