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Board of County Commissioners Meeting Minutes - Final funding recipients. Attachments: Staff Report June 7, 2022 Kristin Daniels, Management and Budget Director, presented the Tourist Development Council's (TDC) Budget Recommendations for fiscal year 2022/2023. Ms. Daniels reported that Tourist Tax revenue had exceeded budget estimates and staff recommended a TDC budget increase of 31 % for a total of $1.4 million available for distribution. She noted that the County's Outside Agency Funding Policy prevented the TDC from awarding funds to municipalities, and so the City of Vero Beach's request had not been included in any of the recommendations. Ms. Daniels first displayed the TDC funding recommendations (Table 2), approved at their May 11, 2022 meeting, which incurred a budget overage of almost $18,000 to be pulled from the TDC's reserves. Staff proposed alternate recommendations (Table 3) for a balanced budget based on the TDC's ranking process under which the lowest ranked agency, Coastal Connections, would not receive any funding, and the Cultural Council would receive less than they had requested. Staff proposed maintaining the Contingency Reserve, and also retaining 10% of budgeted revenues as a hedge against a possible downturn in tax revenue. Janet Begley, Cultural Council Finance Manager, clarified that their request for additional funds was earmarked to assist the Gifford Cultural Center by passing through money for a fundraising event, and she further explained the connection between the two organizations. Commissioner Adams favored staffs recommendation which adhered to the TDC's funding policy, and suggested the Gifford Cultural Center could return to request funds from the Contingency Reserve. Discussion ensued with Commissioners Flescher and Moss advocating for use of the contingency fund to cover all agencies' requests; Chairman O'Bryan suggested an alternate distribution of funds. Ms. Begley provided additional information to Vice Chairman Earman on the Cultural Council's request to secure money on the Gifford Cultural Center's behalf. County Administrator Jason Brown commented in favor of holding to a balanced budget. A motion was made by Commissioner Flescher, seconded by Commissioner Moss, to approve the Tourist Development Council's recommendation to fully fund all of the agencies requesting a share of Tourist Tax revenue by using money from reserves to cover the budget overage. The motion failed by the following vote: Aye: 2 - Commissioner Flescher, and Commissioner Moss Indian River County Florida Page 17