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12.F. LEISURE SERVICES - NONE <br />12. G. OFFICE OF MANAGEMENT AND BUDGET <br />12.G.1. TOURIST DEVELOPMENT COUNCIL 2012-2013 BUDGET <br />RECOMMENDATIONS <br />Management and Budget Director Jason Brown reviewed his memorandum dated May <br />29, 2012, providing the details of the Tourist Development Council's (TDC) agency requests, the <br />ranking process, and the organizations' allocation results and recommendations for Fiscal Year <br />2012-2013. He thereafter presented the alternatives and recommended the Board proceed with <br />Alternative 3, which would approve: (1) funding in the amount of $624,250 utilizing the new <br />allocation process; (2) the final funding amounts equaling those shown in Table 3 (page 97 of the <br />Agenda Packet); (3) the Cultural Council of Indian River County receiving $52,943, a 45.7% <br />increase from the current funding level; (4) that the Indian River County Historical Society <br />would not receive funding; and (5) that all other agencies would receive the full funding request. <br />Vice Chairman O'Bryan, as Chairman of the TDC, explained the factors that influenced <br />the vote of the TDC, and pointed out that the vast majority of the Board felt that all the projects <br />were worthy of full funding. <br />Director Brown, responding to Commissioner Solari, said the extra dollars, if given out, <br />would come from the fund balance in the Tourism Fund. <br />Administrator Baird stressed that tourism revenue is extremely volatile with 30% swings. <br />He pointed out that staff takes a conservative approach to revenue projections due to unforeseen <br />occurrences, such as a hurricane or beach erosion. <br />June 5, 2012 11 <br />811 142 PG 528 <br />