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Board of Commissioners <br />Page 2 of 3 <br />June 24, 2019 <br />Funding and Analysis <br />Staff estimates total funding of $998,450 available for distribution to tourism development <br />agencies in FY 2019-2020. Total requested funding in the preceding table (Table 1) amounted to <br />$1,024,149. <br />The revised funding amounts agreed to at the Tourist Development Council meeting, following <br />completion of scoring sheets by TDC members, are summarized in Table 2 below. Following a <br />motion made by Ms. Bates and seconded by Mr. Hayes, the funding levels in Table 2 below were <br />approved by a vote of (5-3) of the Tourist Development Council. <br />Table 2 <br />TOURIST DEVELOPMENT COUNCIL <br />Fiscal Year 2019/2020 Funding Recommendation <br />Organization <br />2018/2019 <br />Funding <br />2019/2020 <br />TDC <br />Recommended <br />Increase <br />(Decrease) <br />% Increase <br />(Decrease) <br />Indian River County Chamber <br />of Commerce <br />$468,147 <br />$518,147 <br />$50,000 <br />10.7% <br />Sebastian River Area <br />Chamber of Commerce <br />$98,729 <br />$165,002 <br />$66,273. <br />67.1% <br />Cultural Council <br />$75,000 <br />$49,301 <br />($25,699) <br />(34.3%) <br />Historical Society <br />$32,000 <br />$32,000 <br />$0 <br />0% <br />Treasure Coast Sports <br />Commission <br />$200,000 <br />$210,000 <br />$10,000 <br />5% <br />Vero Heritage <br />$20,000 <br />$24,000 <br />$4,000 <br />20.0% <br />Chamber of Commerce <br />Special Project <br />$25,000 <br />$0 <br />($25,000) <br />(100.0%) <br />Reserve for Contingencies <br />$4,574 <br />$0 <br />($4,574) <br />(100.0%) <br />Sub Total <br />$923,450 <br />$998,450 <br />$75,000 <br />8.1% <br />Historic Dodgertown <br />$75,000 <br />$0 <br />($75,000) <br />(100.0%) <br />Grand Total <br />$998,450 <br />$998,450 <br />$0 <br />0% <br />F:\Budget\Carol\Tourist Tax\Tourist Tax 1920\1920 AgendaItemTDCBudRecomm.doc <br />73 <br />