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9 <br />CONSENT <br />INDIAN RIVER COUNTY <br />INTER -OFFICE MEMORANDUM <br />OFFICE OF MANAGEMENT & BUDGET <br />TO: Members of the Board of County Commissioners <br />DATE: May 28, 2013 <br />SUBJECT: TOURIST DEVELOPMENT COUNCIL <br />2013/2014 BUDGET RECOMMENDATIONS <br />FROM: Jason E. Brown <br />Director, Management & Budget <br />DESCRIPTION AND CONDITIONS <br />On May 15, 2013, the Tourist Development Council (TDC) reviewed budget requests for fiscal <br />year 2013/2014 to be paid from the Tourist Tax revenue. The CounciFs recommendations are <br />listed below: <br />TOURIST DEVELOPMENT COUNCIL <br />Fiscal Year 2013/2014 Funding Application <br />Organization <br />2012/2013 <br />Funding <br />2013/2014 <br />Request <br />2013/14 TDC <br />Recommendation <br />Indian River County Chamber of <br />Commerce and Sebastian Chamber <br />$410,607 <br />$423,838 <br />$420,613 <br />of Commerce <br />Cultural Council <br />$60,000 <br />$60,000 <br />$60,000 <br />Historical Society <br />$14,000 <br />$12,000 <br />$12,000 <br />Treasure Coast Sports Commission <br />$148,700 <br />$148,700 <br />$148,700 <br />Vero Heritage <br />$12,000 <br />$12,000 <br />$12,000 <br />Total <br />$645,307 <br />$656,538 <br />$653,313 <br />The initial requests resulted in a shortfall of $3,225. However, officials for the Chamber of <br />Commerce offered to reduce their agencys request to the 70% funding threshold. This action <br />allowed the Tourist Development Council to provide full funding of all remaining requests. <br />Therefore, the TDC did not complete ratings for the agencies as this step was not necessary. <br />22 <br />