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HomeMy WebLinkAbout2019-10-23; Carlsbad Tourism Business Improvement District; ; Accept Report from Visit Carlsbad for Period Ending June 30, 2019AB# MTG. CARLSBAD TOURISM BUSINESS IMPROVEMENT DISTRICT AGENDA BILL 10-19-185 10-23-19 CTBID STAFF Accept Report from Visit Carlsbad for GENERAL Period Ending COUNSEL June 30, 2019 RECOMMENDED ACTION: Accept report from Visit Carlsbad for period ending June 30, 2019. ITEM EXPLANATION: The CTBID contracts with Visit Carlsbad to provide various tourism services. The contract requires Visit Carlsbad "To provide periodic updates at the CTBID's request and a year-end report on the program of work deliverables which shall include an accounting of funds spent by program in a format approved by the CTBID Board. Allocation of the unspent funds shall be determined by the CTBID Board'. Attached is the year-end report for the fiscal year ending June 30, 2019. (Exhibit 1) The FY 2018-19 Profit and Loss for Visit Carlsbad submitted with the year-end report shows that Visit Carlsbad's budget category Labor was overspent Promotional Programs and Group Direct were underspent. In total, the report shows that there was $2,290 in unspent funds at the end of the year. The Board should discuss the reallocation of the budget line item amounts as well as how to allocate the $2,290 of the 2018-19 unspent funds. Visit Carlsbad is requesting that the unspent funds to be allocated to labor expense in the 2019-20 budget to cover the increased benefit costs. FISCAL IMPACT: None. 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. Report from Visit Carlsbad for period ending June 30, 2019 DEPT. CONTACT: Cheryl Gerhardt, 760-602-2468 cheryLgerhardt@carlsbadca.gov VISIT CARLSBAD CARLSBAD'S DMO Income 700 Public Sources 701 CTBID Revenues . ---·--------·-------- Total 700 Public Sources 705 Private Sources 708 Advertising Sales/ Commissions Total 705 Private Sources Total Income GROSS PROFIT Expenses 435 Workers Compensation 800 Labor Expenses 801 Salaries -Officers 802 Salaries -Direct Labor 802.2 Visitor Services Manager 802.3 Visitor Services Coordinator 802.4 Volunteer -Paid 802.5 Marketing Director 802.7 Sales Coordinator 806.2 Salaries -Group Sales Coordinator (deleted) Total 802 Salaries -Direct Labor 803 Employee Benefits 803.1 Employee Paid Benefit Total 803 Employee Benefits 806 Payroll Tax Expense (SUl,FUTA) Payroll Tax Expense Total 800 Labor Expenses 804 Workmans Comp 808 Group Sales Bonus 900 Promotional Programs 901 Advertising & Production 901.1 Spring As Campaign Total 901 Advertising & Production 902 Research 903 OutsideServices 903.1 Interactive Marketing 903.2 Website Maintenance 903.3 Public Relations Services 903.4 PR Special Projects BUDGET VS. ACTUALS: FY2019 -FY19 P&L July 2018 -June 2019 ACTUAL 1,244,575.32 1,244,575.32 18.53 18.53 $1,244,593.85 $1,244,593.85 99,818.68 38,601.12 14,319.76 1,283.99 82,299.92 6,961.50 94,687.16 238,153.45 59,418.59 -7,357.44 52,061.15 27,864.06 417,897.34 2,083.00 152,772.07 152,772.07 9,785.00 239,366.20 2,388.00 111,045.12 70,566.51 TOTAL BUDGET 1,266,600.00 1,266,600.00 $1,266,600.00 $1,266,600.00 4,000.00 99,940.00 38,601.00 10,720.00 2,000.00 84,790.00 82,400.00 16,100.00 234,611.00 50,000.00 50,000.00 23,500.00 408,051.00 10,000.00 156,000.00 156,000.00 9,000.00 250,000.00 110,000.00 75,000.00 Cash Basis Friday, October 18, 2019 08:16 AM GMT-7 OVER BUDGET -22,024.68 ---·-· ------- ·22,024.68 18.53 18.53 $ -22,006.15 ·----- $ -22,006.15 -4,000.00 -121.32 0.12 3,599.76 -716.01 -2,490.08 6,961.50 12,287.16 -16,100.00 3,542.45 9,418.59 -7,357.44 2,061.15 -23,500.00 27,864.06 9,846.34 2,083.00 -10,000.00 -3,227.93 -3,227.93 785.00 -10,633.80 2,388.00 1,045.12 -4,433.49 EXHIBIT 1 ¾OF BUDGET 98.26 % 98.26% 98.26% 98.26% 99.88 % 100.00 % 133.58 % 64.20 % 97.06 % 114.91 % 101.51 % 118.84 % 104.12 % 102.41 % 97.93 % 97.93% 108.72 % 95.75 % 100.95 % 94.09 % 1/2 Total 903.3 Public Relations Services Total 903 OutsideServices 904 Travel & Entertainment 905 Dues & Subscriptions . 906 Collateral Prod. & Fulfillment 907 Public Relations Events Total 900 Promotional Programs 908 Group Direct Services 908.1 Technology 908.3 Memembership/Dues 908.4 Group Incentive 908.5 Sponsorship/Partnerships 908.6 Marketing/Advertising 908.7 FAMs 908.7.1 Site Inspections -· ----·---· .---------- Total 908.7 FAMs 908.8 Travel & Entertainment 908.9 Tradeshows ---------·----·-----· . - Total 908 Group Direct Services 950 General Administration Expenses 951 Bank Service Charges 952 Equipment Rental & Replacement 953 Facility Repairs & Maintenance 954 General Liabilty lnsurc.1nce 956 Office Supplies 957 Postage 958 Taxes -General 959 Telephone 960 Professional Services 961 Volunteer Program 962 Miscellaneous Expenses 963 Utilities 964 Computer Expense 965 Office/General Administrative Expenses Total 950 General Administration Expenses Total Expenses ACTUAL 181,611.63 ··--· 423,365.83 4,409.74 8,978.72 1,535.44 15,133.38 615,980.18 6,107.29 934.00 32,000.00 34,000.00 12,531.08 5,850.25 5,018.77 10,869.02 3,821.62 72,092.98 ----·-------- 172,355.99 81.00 3,423.06 92.00 , 878.00 1,523.74 59.15 83.54 9,361.38 6,800.00 1,5q2.09 2,339.10 2,942.51 4,600.99 250.00 TOTAL BUDGET 185,000.00 435,000.00 6,300.00 9,000.00 2,500.00 15,000.00 632,800.00 7,000.00 1,000.00 100,000.00 35,000.00 26,100.00 50,000.00 50,000.00 10,000.00 72,000.00 ·-··---·--- 301,100.00 989.00 3,200.00 200.00 1,100.00 2,700.00 150.00 110.00 10,000.00 7,000.00 1,800.00 2,000.00 2,400.00 4,000.00 35,649.00 $1,391,600.00 OVER BUDGET -3,388.37 -11,634.17 -1,890.26 -21.28 -964.56 133.38 ----·· -- -16,819.82 -892.71 -66.00 -68,000.00 -1,000.00 -13,568.92 -44, 149.75 5,018.77 -39,130.98 -6, 178.38 92.98 -128,744.01 -908.00 223.06 -108.00 -222.00 -1, 176.26 -90.85 -26.46 -638.62 -200.00 -247.91 339.10 542.51 600.99 250.00 %OF BUDGET 98.17% .... 97.33% 70.00% 99.76% 61.42 % 100.89 % 97.34% 87.25 % 93.40 % 32.00% 97.14 % 48.01 % 11.70 % 21.74% 38.22 % 100.13 % 57.24% 8.19% 106.97•% 46.00% 79.82 % 56.43 % 39.43 % 75.95 % 93.61 % 97.14% 86.23 % 116.96 % 122.60 % 115.02 % -------------~------------ -1,662.44 $-149,296.93 95.34% --89.27% ---------- 33,986.56 $1,242,303.07 $2,290.78 $2,290.78 ---------~--------~--------- NET OPERATING INCOME NET INCOME $ -125,000.00 $ -125,000.00 Cash Basis Friday, October 18, 2019 08:16 AM GMT-7 $127,290. 78 -1.83 % $127,290.78 -1.83 % 2/2