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��- ci_ <br />DEPARTMENTAL MATTERS <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 31, 2016 <br />SUBJECT: TOURIST DEVELOPMENT COUNCIL <br />2016/2017 BUDGET RECOMMENDATIONS <br />^ <br />FROM: Michael Smykowski � "l J <br />Director, Management & Budget <br />DESCRIPTION AND CONDITIONS <br />On May 11, 2016, the Tourist Development Council (TDC) reviewed budget requests for fiscal <br />year 2016/2017 to be paid from the Tourist Tax revenue. Due to the available Tourist <br />Development revenue, the Tourist Development Council (TDC) recommends fully funding each <br />organization's request. <br />Table 1 <br />TOURIST DEVELOPMENT COUNCIL AGENCY REQUESTS <br />Fiscal Year 2016/2017 Funding Applications <br />112 <br />2015/2016 <br />2016/2017 <br />Increase <br />% Increase <br />Organization <br />Funding <br />Request- <br />(Decrease) <br />(Decrease) <br />Indian River County Chamber <br />of Commerce & Sebastian <br />$454,394 <br />$500,153 <br />$45,759 <br />10.1% <br />Chamber of Commerce <br />Treasure Coast Sports <br />Commission <br />$163,296 <br />$188,000 <br />$24,704 <br />15.1% <br />Cultural Council <br />$60,000 <br />$60,000 = <br />$0 <br />0.0% <br />Vero Heritage <br />$12,000 <br />$13,000 <br />$1,000 <br />8.3% <br />IRC Historical Society <br />$20,000 <br />$20,000 <br />$0 <br />0.0% <br />Sebastian COC Pelican Porch <br />$24,300 <br />$0 <br />$(24,300) <br />-100% <br />Visitors Center <br />Florida Archery Foundation <br />$0 <br />$5,000 <br />$5,000 <br />100% <br />Total <br />$733,990 <br />$786,153 <br />$52,163 <br />7.1% <br />112 <br />