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Okaloosa County BOCC — March 18, 2014 — Action Item Printout — reading text

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BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: March 18, 2014 TO: Honorable Chairman and Members of the Board FROM: Ed Schroeder SUBJECT: Tourist Development Tax FY13 Q4 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: Fiscal year 2013 fourth quarter expenditure reports were provided by the Clerk’s office and formatted by tourist development department staff into two reports: a summary report by bed tax “penny” and a detailed report by budget line item. The Tourist Development Council approved the draft year-end TDD expenditure reports at its October 24, 2013 meeting; however, the information was never provided to the BCC due to staff transition. Final year-end information is available in the FY13 Comprehensive Annual Financial Report. OPTIONS: Approve or Disapprove RECOMMENDATION: Approve quarterly financial information. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator

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