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NO <br />CONSENT AGENDA <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 24, 2021 <br />THROUGH: Jason E. Brown, County Administrator <br />FROM: Kristin Daniels, Director, Management & Budget <br />SUBJECT: Tourist Development Council 2021/2022 Budget Recommendations <br />DESCRIPTION AND CONDITIONS <br />On May 19, 2021, the Tourist Development Council (TDC) reviewed budget requests for fiscal <br />year 2021/2022 to be paid from the Tourist Tax revenue. The budget requests are listed in the <br />table below. File copies of the applications for each agency are available in the Board of <br />Commissioners office for review. <br />Table 1 <br />TOURIST DEVELOPMENT COUNCIL AGENCY REQUESTS <br />Fiscal Year 2021/2022 Funding Applications <br />Organization <br />2020/2021 <br />Funding <br />2021/2022 <br />Request <br />Increase <br />Decrease <br />% Increase <br />Decrease <br />Indian River County Chamber <br />of Commerce <br />$512,167 <br />$537,043 <br />$24,876 <br />4.9% <br />Sebastian River Area Chamber <br />of Commerce <br />$84,140 <br />$98,270 <br />$14,130 <br />16.8% <br />Cultural Council <br />$49,301 <br />$60,000 <br />$10,699 <br />21.7% <br />Historical Society <br />$32,000 <br />$32,000 <br />$0 <br />0.0% <br />Treasure Coast Sports <br />Commission <br />$201,092 <br />$210,000 <br />$8,908 <br />4.4% <br />Vero Heritage <br />$20,000 <br />$26,000 <br />$6,000 <br />30.0% <br />Sub Total <br />$898,700 <br />$963,313 <br />$64,613 <br />7.2% <br />Tourism Study <br />$12,500 <br />$0 <br />($12,500) <br />(100.0%) <br />Reserve for Contingency <br />$0 <br />$85,078 <br />$85,078 <br />N/A <br />Cash Forward <br />$0 <br />$41,100 <br />$41,100 <br />N/A <br />Grand Total <br />$911,200 <br />$1,089,491 <br />$178,291 <br />19.6% <br />Pff <br />