and then a check would be cut. He added, as far as what is in the Cultural Fund for FY
2024-2025 that the Board approved was for the Brevard Cultural Alliance Contract for
$202,000, the Marketing Support Program allocation for $600,000, none of that has been spent
yet because he is waiting on Board input for the final designation of how to allocate it, and there
is $600,000 being held; the Board approved $300,000 out of this fund to be used for the
lifeguards, that has been transferred to that program; there is a little over $65,500 remaining in
unallocated funds that either could be allocated this year, if not, then it would rollover and
become carryforward for the next year’s budget; and the transfer to the Tax Collector is done
for every one of these funds, and receives a percentage for $32,400, that makes up the total
expense of $1.2 million in the Cultural Fund budget. He stated for FY 2023-2024 sports grants
were established to generate room nights from sports events; there was $240,000 that was
allocated out of the Marketing Fund, which is the advertising of promotions fund that he
mentioned coming out last year, and the events that received grants generated over 16,000
room nights for the destination; the program guidelines and applications are always reviewed
by the County Attorney’s Office, by the Sports Committee of the TDC, and then ultimately,
approved by the TDC; and then approved by the Board. He advised the minimum eligibility for
sport events was 200 room nights, based on $15 per room night up to a $25,000 maximum per
event; when bringing in events from outside of the State, the Tourism Office is allowed to apply
for grants from the Florida Sports Foundation (FSF), and it was able to get nearly $30,000 from
FSF for bringing in these events from outside of the area; and the funds provided to event
organizers were designated for out-of-county marketing and for other event expenses, and this
is like the reimbursement program. He stated for this FY, upon an initial recommendation from
a Commissioner’s Office, the Marketing Support Program was approved by the TDC and the
Board; it combined the cultural and sports events together; instead of writing a check on a
reimbursement basis from the area of where they are from or how many people are from
out-of-county or inside the County, which helps to calculate this information; they were able to
get up to $50,000 in marketing support per event; the marketing is done out-of-county by the
marketing team within the Tourism Office; and the event organizer does not receive
reimbursement directly. He stated in the case of the sports events, they have to have over 200
room nights to qualify; if the event met the qualifications and does not require marketing
support; some events are invitational where they invite a number of players or teams to the
event and has a built-in number of room nights, they could receive a paid sponsorship
according to the criteria; the criteria and the budget were approved by the TDC and the Board
in the amount of $840,000; and there was 44 events that were recommended by the TDC in
this FY and that came to a total of $805,000, and he will get to the provided list in a minute. He
advised he wanted to show the Board how the budget looks for FY 2024-2025 Marketing
Support Program; the Cultural Fund had $600,000, Advertising/Promotion had $240,000, and
that is what makes up the $840,000; then in the recommended list of events, the TDC
recommended $805,000 be awarded; and there is $35,000 remaining in that bucket that could
be utilized for anything else that the Board might think of, or could then roll forward into a
carryforward for next year. He stated the next slide is the recommended awards from the TDC
for the FY 2024-2025 Marketing Support Program; on the left side of the list is the Cultural
Events, they start with the highest out-of-county attendance, and then the actual marketing
support amount total of $485,000; on the right side is the Sports Events, which are organized
by the top room nights and going in descending order, and has the marketing support amount
total of $320,000, which makes up the total award of $805,000; at the bottom some events
were listed that he was aware of and were able to get cellular date to calculate the
out-of-county attendees; but they did not meet the criteria of the $5,000 minimum. He added
that is just there, as a discussion point, as they go forward today. He stated the next slide is
the same list of the cultural events by date of when they occurred; he highlighted the events
that have already occurred and the Board could have that discussion on how to handle those;
there are seven cultural events and five sports events that have already occurred; and there will
be a conversation about that in a little bit. He provided the Board with a couple of thoughts
about options; there is a lot of discussion that could happen today, but some of the options