Okaloosa County BOCC — May 23, 2016 — I. d. Proposed Budget — reading text

3,000 Interactive Whiteboard for Meeting Room - 1,500 Metal Flags Fronting Visitor Center (3) - 6,000 SUV Replacement 29,000 35,000 Allegiant Air Paid Media Services(1) 393,787 1,610,250 subtotal - non-recurring expenses 425,787 1,655,750 subtotal - recurring & non-recurring expenses 2,989,131 4,406,824 Reserve - Operations & Maintenance 863,118 962,876 Total Expenses 3,852,249 5,369,700 (1) $1.775M total split between 2nd & 3rd percentages 5/18/2016 7:46 AM  FY 2015-16 FY 2016-17 THIRD PERCENTAGE Adopted TDC Proposed Tourist Development Tax 3,000,000 3,920,000 Service Charges 810,250 810,250 Interest & Other Income 51,175 49,000 subtotal - recurring revenues 3,861,425 4,779,250 Reserves (cash balance) 2,024,695 2,679,400 Total Revenues 5,886,120 7,458,650 Personnel - Promotions 337,452 368,740 Personnel - Convention Center 1,150,591 1,107,789 General Operations - Promotions 111,736 154,517 General Operations - Convention Center 1,203,358 1,406,252 Strategic Marketing Plan 591,115 1,139,110 Tax Collector Administrative Fee 90,000 117,600 County Cost Allocation Plan 300,630 256,645 subtotal - recurring expenses 3,784,882 4,550,653 Museum Exhibits - Destin 12,600 7,500 Museum Exhibits - Science Center - 37,345 Museum Exhibits - FWB 42,000 27,900 Welcome Center Improvements 280,025 156,000 Laptop Replacements 3,450 - Convention Center Equipment Replacements 173,000 232,500 Equipment - Contribution per Aramark Contract 25,000 25,000 Allegiant Air Paid Media Services(1) 106,213 164,898 subtotal - non-recurring expenses 642,288 651,143 subtotal - recurring & non-recurring expenses 4,427,170 5,201,796 Reserve - Operations & Maintenance 1,310,705 1,592,729 Reserve - Promotional Activities 148,245 664,125 Total Expenses 5,886,120 7,458,650 (1) $1.775M total split between 2nd & 3rd percentages 5/18/2016 7:46 AM  FY 2015-16 FY 2016-17 FOURTH PERCENTAGE Adopted TDC Proposed Tourist Development Tax 3,000,000 3,920,000 Interest & Other Income 7,900 26,000 subtotal - recurring revenues 3,007,900 3,946,000 Reserves (cash balance) 9,308,940 12,411,100 Total Revenues 12,316,840 16,357,100 Tax Collector Administrative Fee 90,000 117,600 subtotal - recurring expenses 90,000 117,600 Porte Cochere 1,175,000 - Hwy 98 Walkover 1,000,000 - HVAC Conversion to Web-Based Control 18,000 - Install Heat Circulating Fans in Ballrms II,III,IV 18,600 - LED Outdoor Lighting Package 60,000 - Repair Leaking Roof 120,000 - Enlarge Front Entrance Marquee 180,000 - Pavilion Structure for Bayview Plaza - 300,000 Chiller Upgrade (2) 70,000 200,000 Repl Dry Fire Sprinkler Sys Piping in Garage - 120,000 Repl HVAC Air Handlers, Fans, Pumps - 50,000 Replace Ballroom Carpet 250,000 300,000 Waterproof Building Exterior 150,000 350,000 subtotal - non-recurring expenses 3,041,600 1,320,000 subtotal - recurring & non-recurring expenses 3,131,600 1,437,600 Reserve - Operations & Maintenance 31,500 41,160 Reserve - ECCC Insured Loss Repair 1,500,000 1,500,000 Reserve - ECCC Future Improvements 7,653,740 13,378,340 Total Expenses 12,316,840 16,357,100 5/18/2016 7:46 AM  FY 2015-16 FY 2016-17 FIFTH PERCENTAGE Adopted TDC Proposed Tourist Development Tax 3,000,000 3,920,000 Interest & Other Income 47,750 32,500 subtotal - recurring revenues 3,047,750 3,952,500 Reserves (cash balance) 2,929,994 3,149,200 Total Revenues 5,977,744 7,101,700 Personnel 60,579 253,003 Other Tourism Promotion 21,628 39,153 Chambers of Commerce 40,000 40,000 Strategic Marketing Plan 3,399,778 4,057,628 Tax Collector Administrative Fee 90,000 117,600 County Cost Allocation Plan 402 1,718 subtotal - recurring expenses 3,612,387 4,509,102 subtotal - non-recurring expenses - - subtotal - recurring & non-recurring expenses 3,612,387 4,509,102 Reserve - Operations & Maintenance 1,253,651 1,578,186 Reserve - Promotional Activities 1,111,706 1,014,412 Total Expenses 5,977,744 7,101,700 5/18/2016 7:46 AM  Tourist Development Department Budget Summary 1st 2nd 3rd 4th 5th 1175 1152 1172, 1173 1179 1151 Beaches & TDT Convention Conv Ctr Tourism FY 2016-17 Revenues Parks Admin Center Capital Imp Promotion Budget Tourist Development Tax 3,920,000 3,920,000 3,920,000 3,920,000 3,920,000 $ 19,600,000 Service Charges 500 - 810,250 - - $ 810,750 Interest & Other Earnings 60,000 11,000 49,000 26,000 32,500 $ 178,500 Cash Balances 14,506,800 1,438,700 2,679,400 12,411,100 3,149,200 $ 34,185,200 TOTAL REVENUES 18,487,300 5,369,700 7,458,650 16,357,100 7,101,700 $ 54,774,450 Expenditures Beaches & TDT Convention Conv Ctr Tourism FY 2016-17 Personnel 140,276 588,776 1,476,529 - 253,003 $ 2,458,584 Operating 1,080,971 2,597,548 1,935,014 117,600 198,471 $ 5,929,604 Promotions - - 1,304,008 - 4,057,628 $ 5,361,636 Capital 783,000 45,500 413,500 1,320,000 - $ 2,562,000 Grants & Aids 561,258 675,000 72,745 - - $ 1,309,003 Interfund Transfers 1,030,144 500,000 - - - $ 1,530,144 Debt Service 669,821 - - - - $ 669,821 Cash Balance - Reserve Policy 13,338,780 962,876 2,256,854 1,541,160 2,592,598 $ 20,692,268 Cash Balance - Future Capital Imp 883,050 - - 13,378,340 - $ 14,261,390 TOTAL EXPENDITURES 18,487,300 5,369,700 7,458,650 16,357,100 7,101,700 $ 54,774,450 FY17 Line Item Detail - 4-29 dept submission.xlsx 5/18/2016 6:42 AM  Tourist Development Department Budget Summary Actual Budget 2015-16 2016-17 $ % Adopted TDC Proposed Change Change Revenues: 15,000,000 312145 Tourist Development Tax - 5 cents 19,600,000 4,600,000 30.67% $ 15,000,000 Local Option Taxes $ 19,600,000 4,600,000 30.67% 360,000 325213 Beach Restoration Assessment - (360,000) -100.00% $ 360,000 Special Assessments $ - (360,000) -100.00% 20,000 347501 Salaries-Full-Time 20,000