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0-r- f <br />DEPARTMENTAL ITEM <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, 2022 <br />THROUGH: Jason E. Brown, County Administrator <br />FROM: Kristin Daniels, Director, Management & Budget <br />SUBJECT: Tourist Development Council 2022/2023 Budget Recommendations <br />DESCRIPTION AND CONDITIONS <br />On May 11, 2022, the Tourist Development Council (TDC) reviewed budget requests for fiscal <br />year 2022/2023 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 2022/2023 Funding Applications <br />Organization <br />2021/2022 <br />Funding <br />2022/2023 <br />Request <br />Increase <br />(Decrease) <br />% Increase <br />(Decrease) <br />Indian River County Chamber <br />of Commerce <br />$537,043 <br />$656,084 <br />$119,041 <br />22.2% <br />Sebastian River Area Chamber <br />of Commerce <br />$110,050 <br />$140,000 <br />$29,950 <br />27.2% <br />Cultural Council <br />$49,301 <br />$65,000 <br />$15,699 <br />31.8% <br />Historical Society <br />$32,000 <br />$32,000 <br />$0 <br />0.0% <br />Treasure Coast Sports <br />Commission <br />$210,000 <br />$250,000 <br />$40,000 <br />19.0% <br />Vero Heritage <br />$26,000 <br />$32,000 <br />$6,000 <br />23.1% <br />Coastal Connections <br />$0 <br />$7,500 <br />$7,500 <br />N/A <br />City of Vero Beach* <br />$0 <br />$450,000 <br />$450,000 <br />N/A <br />Sub Total <br />$964,394 <br />$1,632,584 <br />$668,190 <br />69.3% <br />Cash Forward <br />$41,100 <br />$150,012 <br />$108,912 <br />265.0% <br />Reserve for Contingency <br />$83,997 <br />$111,375 <br />$27,378 <br />32.6% <br />Grand Total <br />$1,089,491 <br />$1,893,971 <br />$804,480 <br />73.8% <br />*Applications from other governmental agencies or municipalities are not eligible per the Indian River County <br />Outside Agency Funding Policy. <br />291 <br />