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Council adopts updated GPET application process, clarifies reporting and timing
Summary
The City Council adopted Resolution 21-25 to consolidate and clarify the GPET application timeline and reporting requirements; eligibility unchanged and funding remains subject to annual budget approval.
The City of Sheridan Council approved Resolution 21-25 on Aug. 4 to replace earlier GPET application guidance with a single, streamlined document clarifying timelines, reporting requirements and procedural milestones for GPET (General Purpose Excise Tax) applicants.
City Clerk Ashley Foster told council the change is procedural: it consolidates duplicate documents adopted in 2020 and amended in 2023 into one resolution and a single application form. Eligibility rules remain unchanged — only nonprofit and government organizations may apply — Foster said. The revised timeline sets consistent review windows and specifies that grant agreements will not be executed until after the city budget is approved; agreements will be executed no later than June 30 following budget approval.
Foster said reporting requirements include a mid-cycle performance and financial report (retained from prior policy and timed to help council evaluate applicants in February) and a fiscal-year-end report due July 15. The application form was updated to reduce common errors (for example, required budgeted revenue and expenses must match) and to link applicants to the state certificate-of-good-standing via QR code. Foster said the changes provide clarity and flexibility compared with the date-specific structure in the older documents.
A resident asked whether the city verifies how previous GPET recipients spent funds; Foster said that the end-of-year and performance reports are used to review prior recipients’ actuals versus projections. Council approved the resolution by voice vote.
