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BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE: May 6, 2014
TO: Honorable Chairman and Members of the Board
FROM: Ed Schroeder
SUBJECT: Tourist Development Tax Financial Update
DEPARTMENT: Tourist Development Department
BCC DISTRICT:
STATEMENT OF ISSUE: As required by F.S. 125.0104(4)(e), Ordinance 12-21, and the TDD
Operations & Procedures Manual, the Tourist Development Council (TDC) and Board of County
Commissioners (BCC) shall review expenditure reports at least quarterly.
BACKGROUND: Financial updates are provided monthly to the TDC and quarterly to the
BCC. The financial update aggregates budget to actual information for the tourist development
department overall, as well as by categories within each bed tax percentage (the “level of
restriction”).
To provide the most up-to-date information, data was pulled from the accounting system on
April 18 (rather than March 31 month-end data). The Tourist Development Council
unanimously approved the Financial Update at its April 24, 2014 meeting.
OPTIONS: Approve or Disapprove
RECOMMENDATION: Approve quarterly financial update.
RECOMMENDED BY:
APPROVED BY:
Ernie Padgett, County Administrator