06/12/2018 - Laserfiche WebLink

Home Browse Search

Grand Total $930,169 $1,063,876 $133,707 1 14.4% -] Board of Commissioners Page 2 of 3 May 18, 2018 Funding and Analysis Staff estimates total funding of $998,450 available for distribution to tourism development agencies in FY 2018-2019. Total requested funding in the preceding table (Table 1) amounted to $1,063,876 including the $75,000 contractual requirement for promotion of Historic Dodgertown. This resulted in an initial net projected shortfall of $65,426. The revised funding amounts agreed to at the Tourist Development Council meeting, following completion of scoring sheets by TDC members, are summarized in Table 2 below. Following a motion made by Mr. Kite and seconded by Mr. Hayes, the funding levels in Table 2 below were approved by unanimous vote (7-0) of the Tourist Development Council. Table 2 TOURIST DEVELOPMENT COUNCIL Fiscal Year 2018/2019 Funding Recommendation C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@503B5EE7\@BCL@503B5EE7.doc 41 2018/2019 2017/2018 TDC Increase % Increase Organization Funding Recommended (Decrease) (Decrease) Indian River County Chamber $457,386 $468,147 $10,761 2.4% of Commerce IRC Chamber of Commerce Marketing of Vero Beach $0.00 $25,000 $25,000 N/A Regional Airport Sebastian River Area $94,283 $98,729 $4,446 4.7% Chamber of Commerce Cultural Council $60,000 $75,000 $15,000 25.0% Historical Society $15,000 $32,000 $17,000 113.3% Treasure Coast Sports $188,000 $200,000 $12,000 6.4% Commission Vero Heritage $13,000 $20,000 $7,000 53.8% Major League Fishing "Funded $27,500 $0.00 ($27,500) ° (100.0%) Tournament by BA" Reserve for Contingencies 0 $4,574 $4,574 N/A Sub Total $855,169 $923,450 $68,281 8.0% Historic Dodgertown $75,000 $75,000 $0 0.0% C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@503B5EE7\@BCL@503B5EE7.doc 41