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TO: James Chandler County Administrator ,,,,/I FROM: Robert M. Keating, AICP �Ak• Community Development Director DATE: March 16, 1993 SUBJECT: Council of 100's Request for Funding I•t is requested that the information herein presented be given formal consideration by the Board of County Commissioners at their regular meeting of March 23, 1993. DESCRIPTIONS & CONDITIONS In mid-January, the Indian River County Council of 100 submitted to the Board of County Commissioners a proposed funding request for FY92-93 and a copy of their 1992-1993 marketing plan. Subsequent to receipt of the funding request and marketing plan, staff prepared a brief analysis and presented the request and the analysis to the County's Economic Development Council (EDC) for consideration at their meeting of January 26, 1993. A copy of the staff's agenda item presented to the EDC on this matter is attached to this memorandum. Since the January 26, 1993 EDC meeting, the Council of 100 has revised its request based upon staff and EDC comments. Those comments addressed three general areas, those being funding, accountability, and specificity. With respect to funding, the EDC recommended that the Council of 100 reduce its request to $40,000. In regard to accountability, the EDC suggested that the Council of 100 set objectives or targets by which the Council's performance could be evaluated. Finally, the EDC requested that the Council of 100 more specifically detail its proposed expenses. On March 10, 1993, the Council of 100 submitted its revised funding request. Titled "Proposed Funding Breakdown", a copy of this submittal is attached to this memo. ANALYSIS As submitted, the Council's Proposed Funding Breakdown complies with the EDC's recommendations. As proposed by EDC, the funding request has been reduced from $60,000 to $40,000. In addition, the Council has provided more detail regarding its proposed activities. With the resubmitted proposal, the opportunity now exists for the Council's performance to be evaluated. To the extent that jobs created in and employers attracted to the -county can be tracked and related to marketing activities, then the cost effectiveness of the Council's program and the County's contribution can be determined. This is consistent with the recommendation of the EDC. RECOMMENDATION: Based upon the EDC 's recommendation, it is recommended that the Board of County Commissioners approve the Council of 100's funding request. 29