www.mymanatee.org
Manatee County Government Administrative Center First Floor, Commission Chambers 9:00 a.m. - March 6, 2018
REVISED March 6, 2018 - Regular Meeting
Agenda Item #18


Subject
Budget Amendment to Shift Monies from Reserves to Airline Incentives

Briefings
None

Contact and/or Presenter Information
Presenter:  Elliott Falcione, CVB Executive Director

Contact:  Monica Luff, CVB Sr. Admin. Specialist

Action Requested
Approval to move $150,000 from Reserve fund to Tourist Development Tax fund to be used for Airline Incentives (marketing for new non-stop flights at SRQ Airport), AND adoption of Budget Amendment Resolution B-18-047 amending the annual budget for Manatee County for FY 2018.

Enabling/Regulating Authority
Code of Laws 2-29-25  Tourist Development Plan
F.S.S. 125.0104  Authorized uses of Resort Tax Funds


Background Discussion
  • On February 12, 2018, the Tourist Development Council unanimously recommended approval.
  • For the past two years, the CVB has budgeted $100,000 annually specifically earmarked as an incentive for airlines to operate non-stop flights to SRQ.  The airport has had good success this year by securing additional new non-stop flights to SRQ.
  • With these additional flights secured, we have exhausted our budgeted amount for this fiscal year.
  • We request to shift dollars from the Reserve fund to the Tourist Development Tax fund in the amount of $150,000 to be used for Airline Incentives (marketing for new non-stop flights at SRQ).
  • TDC also recommended approval to re-allocate the already budgeted $100,000 (that was to be used as matching dollars  for a federal aviation marketing grant that has since expired) to be used for Airline Incentives instead.  Therefore, the replenished Airline Incentive marketing line item will now total $250,000 that we will utilize for the remainder of this fiscal year.
  • The Budget Amendment B-18-047 is to appropriate the funds.


County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
Copy of approved agenda memo to Monica Luff, CVB; Eva Galler, CVB; and Budget office:  monica.luff@mymanatee.org, eva.galler@mymanatee.org, budget@mymanatee.org.


Cost and Funds Source Account Number and Name
1030002202 CVB Promotions

Amount and Frequency of Recurring Costs
$150,000; one time


Attachment:  SRQ Airline Incentive Request.pdf
Attachment:  B-18-047.pdf