Commission discusses fate of unused tourism grant money
The Marshall Tourism Commission met Wednesday, Jan. 23, to discuss the status of grant money that has been awarded over the past several years.
Treasurer Grace Bouws reported the Commision has collected over $220,000 since 2005. Of that amount, $208,419.28 has been awarded in the form of grants, leaving $12, 918.68. The commission has also collected $10, 466.15 in interest, bringing their balance to $23,384.83.
In addition to this balance, there are still thousands in grant money that have yet to be spent.
There is an unused amount of $11,289 from grant money issued in 2005, and $5,393 in unused money from 2006.
The commission also approved a letter stating that all grant money from 2006-2008 must be used by Dec. 31, 2008.
"Any balances remaining will be used toward the next year's funding for new applicants," according to the letter. "Those who have not used the amount awarded can re-apply the following year."
The letter also stipulates the money must be used for the purpose that the grant was awarded.
Normanni Motel (formerly Gene's Motel) has paid $3,000 in delinquent funds, which brings them up-to-date.
In other business, the committee changed how tourism funds will be reported.
"The chamber office will be taking over the reporting of the tourism funds beginning in 2008," said Chairman Lee Bearden. "It was decided in a previous meeting that Tracy Menz will do an audit before the transfer of these duties."
The next meeting of the Marshall Tourism Commission will be held Feb. 13 at 8:30 a.m.