Consideration to Advance the Funding for the Hispanic Heritage Festival
From:
Amy Lovoy, Assistant County Administrator
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Advance Funding for the Latino Festival Occurring on October 31, 2015 - Amy Lovoy, Assistant County Administrator
That the Board consider the request to advance fund the $10,000 allocated from the 4th Cent Tourist Development for an Hispanic Heritage Festival. These funds would be paid to the applicant in advance rather than as reimbursement for costs already incurred and paid.
BACKGROUND:
On September 24, 2015 the Board allocated $10,000 from the 4th Cent Tourist Development Tax to Latino Media Gulf Coast Inc for an Hispanic Heritage Fesitval. This festival is scheduled on October 31, 2015; however this firm does not have available funds to first pay the costs of the festival then wait to be reimbursed. They are therefore asking the County to advance them the $10,000. An accurate accounting of the funds including invoices, receipts and cancelled checks will be required following the completion of the event.