To catch up on Ocracoke news, click here

Date: January 15, 2018

To: Ocracoke Organizations Requesting Occupancy Tax Funds
From: Bob Chestnut, Ocracoke Occupancy Tax Board Chairman

The appropriations meeting for the 2018/2019 year will be held at 7 p.m. Tuesday, April 10, in the Ocracoke Community Center. Request packets should be dropped off no later than Thursday March 1, at the front desk of the Ocracoke Library. The Library is open to the public from 3 to 7 p.m. daily on week days. Please prepare five copies of your request; one for each Board member.

The purpose of this correspondence is to request certain information in your 2018/2019 Occupancy Tax grant request.

To help the Board recommend funding on an equitable basis, your requests must include current, detailed (reader-friendly) and consistent information.

Please note that action on funding requests may be delayed or not acted upon if the following information is not submitted by the March 1 deadline.

All funding requests should be submitted by a qualified non-profit organization or public entity. The board members feel that “project-oriented funding” should take priority over funding for “operational expenses” of organizations. Please keep this in mind when submitting your request.

All requests should include the following:
__Single-page summary of the project identifying the use of funds and amount requested.
__Completed checklist of requested information.
__Detailed estimate as to the “use of funds” with a description/itemization of how the funds will be used (specific project) and estimated “line item costs.” All advertising and promotional costs should be listed as a separate line-item.
__Timeline as to when funds will be needed (from July 1 to June 30; this is the Occupancy Tax budget year).
__Current (no older than 90 days) balance sheet of the organization that reflects the cash and investment position of the organization to include all assets and liabilities.
__Prior year’s profit and loss statement or cash flow statement (funds in and cash out) that reflects the use of any Occupancy Tax funds (description of use and amount).
__Budget (profit and loss or cash flow statement) for the year the Occupancy Tax funds are requested to include an explanation (identify by line item) as to the amount of the Occupancy Tax funds requested. The grant request amount should be identified so as to be considered along with other budgeted items of the organization.
__Such other information that the requesting organization feels would benefit the Occupancy Tax Board relative to the request (matching funds issues etc.).

It is not the intent of the Ocracoke Occupancy Tax Board to make the process of applying for funding burdensome. We do need detailed and consistent information from the requesting organizations in order to responsibly fulfill our task of making recommendations for funding to the County Commissioners. If you have questions concerning your submittal feel free to contact me.

Respectfully,
Bob Chestnut, for the Ocracoke Occupancy Tax Board

Occupancy Tax Funding Request Checklist

Please provide the completed checklist with your submitted request.

__Single Page Summary of Request
__Name and contact information(Name, phone, email) for organization submitting request.
__Detailed description/itemization of how requested funds will be used. Promotional and Advertising costs identified separately.
__Project timeline showing when funds will be needed and when the project will be completed.
__Current Balance Sheet of organization.
__Current Profit & Loss Statement of organization.
__Budget for the organization for July 1, 2018 to June 30, 2019, that includes funds requested from occupancy tax.