HomeMy WebLinkAbout2012-11-26-Meeting Agendawww.augustaga.gov
Finance Committee Meeting Commission Chamber- 11/26/2012- 12:55 PM
FINANCE
1. Approve new Certificate of Distribution of Local Option Sales
Tax between Augusta, Georgia, Hephzibah, Georgia and Blythe,
Georgia.
Attachments
2. Discuss Development Authority Project. (Requested by the
Administrator)
Attachments
3. Motion to approve the minutes of the Finance Committee held
on November 12, 2012.
Attachments
Finance Committee Meeting
11/26/2012 12:55 PM
Approve Certificate of Distribution for Local Option Sales Tax
Department:Legal/Finance
Caption:Approve new Certificate of Distribution of Local Option Sales Tax
between Augusta, Georgia, Hephzibah, Georgia and Blythe,
Georgia.
Background:Amendments passed in 1994 to the 1979 State Statute enacting
Local Option Sales Tax (LOST) require periodic renegotiation of
the distribution rates. State Statute requires that every 10 years the
County initiate the renegotiation process on behalf of all eligible
parties.
Analysis:The Mayors of Augusta, Blythe and Hephzibah entered into
negotiations earlier this summer and have reached consensus
regarding the distribution of Local Option Sales Tax (LOST).
Financial Impact:There is a slight change is the distribution percentage which should
have minimal impact.
Alternatives:Do not approve negotiated Certificate of Distribution and continue
under current distribution rates.
Recommendation:Approve new Certificate of Distribution
Funds are Available
in the Following
Accounts:
This agenda items affects only revenue.
REVIEWED AND APPROVED BY:
Finance
Administrator
Clerk of Commission
Cover Memo
Item # 1
CERTIFICATE OF DISTRIBUTION
TO: State Revenue Commissioner
Pursuant to an Act of the Georgia General Assembly, effective January 1, 1980, relating to Local
Sales&Use Taxes, the governing authorities for the qualifying municipalities and the county located
within the special district coterminous with the boundaries of RICHMOND County hereby certify that
the proceeds of the combination city/county local sales and use tax generated in such district shall be
distributed by the State Revenue Commissioner as follows:
City of AUGUSTA – RICHMOND COUNTY
(URBAN SERVICE DISTRICT) shall receive 14.12%
City of BLYTHE shall receive 0.37%
City of HEPHZIBAH shall receive 2.05%
County of AUGUSTA – RICHMOND COUNTY
(SUBURBAN SERVICE DISTRICT) shall receive 83.46%
This certificate shall continue in effect until such time as a new certificate shall be executed as provided in said Act.
By executing this schedule the county and cities, acting through their respective officers, represent that all
municipalities lying wholly or partly in the tax jurisdiction have been given an opportunity to show that they are
‘qualified municipalities,’ as that term is used in the Act, and that all municipalities listed herein as recipients are
‘qualified’ and so may receive distribution from the proceeds of the tax.
Executed on behalf of the governing authorities of the qualifying municipalities representing not less than a majority
of the aggregate population of all qualifying municipalities located within the special district and the governing
authority of the county, this ___________________ day of ___________________ 20 ___.
MAYOR OF THE CITY OF BLYTHE
MAYOR OF THE CITY OF HEPHZIBAH
MAYOR OF AUGUSTA RICHMOND COUNTY
Attachment number 1 \nPage 1 of 1
Item # 1
Finance Committee Meeting
11/26/2012 12:55 PM
Development Authority Project
Department:Clerk of Commission
Caption:Discuss Development Authority Project. (Requested by the
Administrator)
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 2
Finance Committee Meeting
11/26/2012 12:55 PM
Minutes
Department:Clerk of Commission
Caption:Motion to approve the minutes of the Finance Committee held on
November 12, 2012.
Background:
Analysis:
Financial Impact:
Alternatives:
Recommendation:
Funds are Available
in the Following
Accounts:
REVIEWED AND APPROVED BY:
Cover Memo
Item # 3
Attachment number 1 \nPage 1 of 2
Item # 3
Attachment number 1 \nPage 2 of 2
Item # 3