Agenda

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County Administrator's Report 10. 1.

BCC Regular Meeting

Discussion

Meeting Date:	03/19/2015
Issue: Fund Balance Carryforward in the Tourist Development Tax
From:	Jack Brown
Department:	County Administrator's Office
CAO Approval:

RECOMMENDATION:

Recommendation Concerning the Fund Balance Carryforward in the Tourist Development Tax - Jack R. Brown, County Administrator

That the Board consider allocating the overage available in the Tourist Promotion Fund (108), in the total amount of $2,305,753, per the following:

A. Visit Pensacola, Inc. – $1,405,753, to include funds for the Sports Tourism Feasibility Study;

B. Art, Culture, and Entertainment, Inc. – $487,500, to be used specifically for performance of the Foo Foo Festival;

C. Downtown Improvement Board – $287,500, to be used for the purchase of holiday lights and the performance of the Pelican Drop; and

D. Banks Enterprise – $125,000, to be used for the performance of the Gulf Coast Summerfest Music Festival.

BACKGROUND:

N/A

BUDGETARY IMPACT:

Funding: Fund 108, Tourist Promotion Fund

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
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