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HomeMy WebLinkAbout2007-01-09; Carlsbad Tourism Business Improvement District; 0107-14; 2006-07 Budget RevisionsCARLSBAD TOURISM BUSINESS IMPROVEMENT DISTRICT AGENDA BILL AB# 0107-14 MTG. 01-09-07 DEPT. Admin Services 2006-07 BUDGET REVISIONS CTBID STAFF (t£X GENERAL ~/<d COUNSEL ($&' RECOMMENDED ACTION: Adopt Resolution #2007-1 revising the 2006-07 budget by increasing staff support line item by $7,500 and increasing Miscellaneous Professional Services line item by $254,000 for San Diego North Convention and Visitors Bureau (SDNCVB) and Carlsbad Conventions and Visitors Bureau (CCVB) contract extensions and reducing the Contractual Services to be determined line item by $261,500. ITEM EXPLANATION: At the CTBID's August 31, 2006 meeting of the CTBID Board of Directors adopted the Annual Report which included the 2006-07 budget. This budget included a line item of $429,705 for Contractual Services to be determined by the board at a later date. At the Boards November 30, 2006 meeting, they approved six-month extensions (January 2007 through June 2007) to the SDNCVB and CCVB contracts. These contracts are for $8,333.33 and $34,000 per month, respectively, for a total of $254,000 for the six-month period. The attached resolution approves moving this amount from the Contractual Services to be determined line item to the line item for each of the contracts. The 2006-07 budget also included a line item for staff support for $7,500. At the time the budget was developed, the amount of time staff would be spending on CTBID projects was undetermined. With only half of the year over, almost this entire budget has been spent. The attached resolution moves an additional $7,500 from Contractual services to be determined to Staff Support to cover staff support for the second half of the year. , FISCAL IMPACT: The above budget revisions reduce the Contractual Services to be determined line item by $261,500 leaving $168,205 in that line item for the remainder of the year as shown in the following table: I2006-07 Budgeted Expenditures: 2006-07 Actuals Proposed 2006-07 Adopted as of Budget Amended Budget 12/31/2006 Revisions Budget 2% Administrative Fee - City CCVB Payment SDNCVB Payment Staff support Contractual Services to be determined Total Budgeted Expenditures 15,800 204,000 50,000 7,500 .429,705 5,258 204,000 50,000 6,823 - 204,000 50,000 7,500 (261,500) 15,800 408,000 100,000 15,000 168,205 707,005 266,081 707,005 ENVIRONMENTAL IMPACT: This action does not approve any projects that will have a physical adverse affect on the environment so it falls within the general rule under CEQA that this is not a project (CEQA Regulation 153789(b)). EXHIBITS: 1. Resolution #2007-1 adopting revisions to the 2006-07 budget. DEPARTMENT CONTACT: Cheryl Gerhardt, 760-602-2409, cqerh@ci.carlsbad.ca.us FOR CITY CLERKS USE ONLY. BOARD ACTION: APPROVED D CONTINUED TO DATE SPECIFIC D DENIED D CONTINUED TO DATE UNKNOWN D CONTINUED D RETURNED TO STAFF D WITHDRAWN D OTHER-SEE MINUTES D AMENDED D EXHIBIT 1 1 RESOLUTION NO. 2007-1 2 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ADVISORY BOARD OF THE CARLSBAD TOURISM BUSINESS IMPROVEMENT 3 DISTRICT (CTBID) OF THE CITY OF CARLSBAD, CALIFORNIA, TO 4 AMEND THE 2006-07 BUDGET 5 6 WHEREAS, the CTBID adopted its budget on August 31, 2006, and 7 WHEREAS, the budget included a line item for Contractual Services to 8 be determined; and 9 WHEREAS, on November 30, 2006 the CTBID Board extended contracts with San Diego North Convention and Visitors Bureau and Carlsbad Convention and 11 Visitors Bureau for the remainder of the 2006-07 fiscal year and thus requires a revision 12 to the budget, and 13 WHEREAS, the CTBID has expended the total amount budgeted for staff 14 1 support and only half of the year is over requiring a revision to this budgeted line item 16 as well. 17 NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the 18 Carlsbad Tourism Business Improvement District of the City of Carlsbad, California, as 19 follows: 20 1. That the above recitations are true and correct. 21 2. That the 2006-07 budget is to be amended as follows: 22 23 '" 24 '" 25 HI 26 III 27 /// 28 /// , 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 2006-07 Budgeted Expenditures: 2% Administrative Fee - City CCVB Payment SDNCVB Payment Staff support Contractual Services to be determined Total Budgeted Expenditures ' 2006-07 Adopted Budget 15,800 204,000 50,000 7,500 429,705 707,005 Actuals as of 12/31/2006 5,258 204,000 50,000 6,823 266,081 Proposed Budget Revisions 204,000 50,000 7,500 (261,500) . 2006-07 Amended Budget 15,800 408,000 100,000 15,000 168,205 707,005 -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors of the Carlsbad Tourism Business Improvement District of the City of Carlsbad held on the \ day of Q<3Lv\UJL^vf , 2007 by the following vote, to wit: AYES: NOES: ABSENT: APRIL SHUTE, Chair ATTEST: LORRAINPWOOD Pro Tem Clerk of the Carlsbad Tourism Business Improvement District -3-