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DEPARTMENTAL MATTERS <br /> INDIAN RIVER COUNTY J p� E 1 <br /> INTER-OFFICE MEMORANDUM <br /> OFFICE OF MANAGEMENT & BUDGET <br /> TO: Members of the Board of County Commissioners <br /> DATE: May 28, 2015 <br /> SUBJECT: TOURIST DEVELOPMENT COUNCIL <br /> 2015/2016 BUDGETi►MMENDATIONS <br /> FROM: Jason E. Brown <br /> Director, Management :4 Bud.et <br /> DESCRIPTION AND CONDITIONS <br /> On May 27, 2015, the Tourist Development Council (TDC) reviewed budget requests for fiscal <br /> year 2015/2016 to be paid from the Tourist Tax revenue. The rankings listed below are based on <br /> the rating system originally approved by the Board of County Commissioners on March 4, 2003 <br /> with a minor modification by the Tourist Development Council on May 16, 2007. <br /> Table 1 <br /> TOURIST DEVELOPMENT COUNCIL AGENCY REQUESTS <br /> Fiscal Year 2015/2016 Funding Applications <br /> 2011/2012 2015/2016 Increase % Increase <br /> Organization Funding Request (Decrease) (Decrease) <br /> Indian River County Chamber <br /> of Commerce& Sebastian $428,578 $467,483 $38,905 9.08% <br /> Chamber of Commerce <br /> Treasure Coast Sports $150,400 $168,000 $17,600 11.17% <br /> Commission <br /> Cultural Council $60,000 $60,000 $0 0.0% <br /> Vero Heritage $12,000 $12,000 $0 0.0% <br /> IRC Historical Society $20,000 $20,000 $0 0.0% <br /> Sebastian COC Pelican Porch $0 $25,000 $25,000 100% <br /> Visitor's Center <br /> Total $670,978 $752,483 $81,505 12.15% <br /> 82 <br />