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County Administrator's Report 9. 1.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	06/18/2020
Issue: Supplemental Budget Amendment #146 - Tourist Promotion - SMG
From:	Sharon Harrell
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #146, Tourist Promotion/SMG - Sharon Harrell, Interim Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #146, Bay Center (409), in the amount of $213,190, to recognize additional revenues to increase the current Purchase Order to pay incentive fee approved by the Board on June 4, 2020. The incentive fee is an addition to the fixed fee per the Contract approved by the Board on February 16, 2012. The funding source for Bay Center operations is One-Three Cent Tourist Development Tax and will be funded with TDT reserves.

BACKGROUND:

The amount of $213,290, as part of the SMG/ASM Management Services Agreement, was approved on February 16, 2012.

BUDGETARY IMPACT:

This Amendment will increase Fund 409 in the amount of $213,190.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Increases and decreases in revenues must be approved by the Board per F.S. 129.06-Executive and amendment of budget.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA146
June 4, 2020 Board Action
2012 Management Services Agreement