City Council Minutes 1992 03 04 - Laserfiche WebLink

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PROPOSED CONTRACT BETWEEN THE CITY OF LOUISVILLE AND THE LOUISVILLE CHAMBER OF COM~[ERCE Sisk explained that the last item with which the Chamber is uncomfortable is Item 2.3 on Page 2, which discusses the actual costs of goods and other overhead costs. The Chamber felt that the $20,000.00 figure, which was initially bandied about, was higher than that which they would project. They would be more comfortable using $17,000.00 to $18,000.00 for actual cost of goods with the balance being for the administrative and other overhead expenses. Both parties want to get this agreement done. Both parties want to be accountable. Sisk suggested that Council put in, for actual goods and services, overhead at $17,500.00 and for other expenses to be $14,500.00. Hornbostel: Where are they going to come up with the rest of the costs? The Economic Development Committee added up $20,500.00 as far as direct costs. Sisk: The cost from last year totaled $15,400.00. Davidson: The $20,000.00 came from the $15,500.00 for actual material. At that time Council was discussing making the limit of $5,000.00 contribution, which ended up being $20,000.00, and that may be where we came up with $20,000.00 and $12,000.00. Sisk: Exactly. Howard: I take exception with Item 2, the events. It was my impression that this Council had stated that we would not fund pure fund raisers or items that were charity items. Several of these items fall into these categories. On Page 2, under obligations and duties of the Chamber of Commerce, Item 2, the City of Louisville is under the generally held accounting principles for government, which is different from the stated generally accepted accounting principles. I want to be sure that Council is following the letter of the law, when it comes to the pure accountability that we must obtain. If the City of Louisville 12