Memo 026-2012 MBVCA FY 2012-13 Proposed Budget i
m ► MIAMI BEACH
OFFICE OF THE CITY MANAGER MEMORANDUM'
026 -2012
TO: Commissioner Deede Weithorn
Commissioner Edward Tobin
FROM: Kathie G. Brooks, Interim City Manager
DATE: September 14, 2012
SUBJECT: Miami Beach Visitor and Convention Authority FY 2012/13 Proposed Budget r
Pursuant to your request, attached please find a copy of the proposed FY 2012/13 Budget
for the Miami Beach Visitor and Convention Authority (MBVCA). The Administration is
currently reviewing the MBVCA's proposed . budget, which will be presented at the
September 27, 2012 City Commission meeting.
Please let me know if you have any questions.
KGB /
cc: Mayor and City Commission
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We are committed to providing excellent public service and safety to all who live, work, and play in our vibrant, tropical, historic community.
MIAMI BEACH VISITOR AND CONVENTION AUTHORITY
FY 2012/2013
ADOPTED BUDGET PROPOSED
FY 2011.2012 FY 2012.2013 VARIANCE
- - REVENUES
Unrestricted $ 320,000 $ 269,331 $ (50,669)
Rollover 200,000 207,000 $ 7,000
Projected Resort Tax 1,817,719 2,118,361 $ 300,632
TOTAL REVENUES $ 2,337,729 $ 2,594,692 $ 256,963
EXPENDITURES -
Administration & Benefits $ 250,000 $ 314,000 $ 64,000
Operating Expenses 54,350 140,000 $ 85,650
Capital 7,000 25,000 $ 18,000
Total Administration $ 311,350 $ 479,000 $ 167,650
GRANTS - Tourism Advancement Program
Tourism Partnerships $ 78,250 $ 120,000 $ 41,750
Cultural Tourism $ 30,000 30,000 $ -
Development Opportunities $ 30,000 - $ (30,000)
Major One Time Special Event $ 150,000 190,000 $ 40,000
Special Events Recurring $ 575,400 636,000 $ 60,600
Special Projects $ 75,000 155,167 $ 80,167
Special Projects Recurring $ 629,000 510,000 $ (119,000)
Film Incentive $ 60,000 30,000 $ (30,000)
Total Tourism Adv. Program $ 1,627,650 $ 1,671,167 $ 43,517
Reinvestment plan over 3 years
Marketing /Communications and PR RFP $ 250,000 $ 250,000 $ -
Visual Memoirs $ 20,000 $ 21,000 $ 1,000
IT Development 50,000 100,000 $ 50,000
Total $ 320,000 $ 371,000 $ 51,000
Other
Destination Marketing 40,000 41,525 $ 1,525
R &D 7,729 - $ (7,729)
Initiatives 24,000 30,000 $ 6,000
Projected Cash Flow Reserve 7,000 2,000 $ (5,000)
Total -Other $ 78,729 $ 73,525 $ (5,204)
- TOTAL i $ 2,337,729 $ 2,594,692 $ 256,963