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Budget Amendment for Tourism Department to Provide Sponsorship Support for Hernando County’s America 250 Celebration
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BRIEF OVERVIEW
The Board of County Commissioners has directed the Tourism Department to provide $50,000 in sponsorship support for Hernando County’s portion of the America 250 Celebration. The County Attorney’s Office has determined that such sponsorship is an allowable use of Tourist Development Tax funds pursuant (see attached).
Because the current sponsorship budget has been fully expended, a budget amendment is necessary to move $50,000 from reserve.
STRATEGIC PLAN INITIATIVES
N/A
FINANCIAL IMPACT
$50,000, from the 5% Tourist Development Tax Collections
Expense:
Fund: TOURIST DEVELOPMENT TAX FUND - B120, Department: TOURISM - 132, Account: BUDGET RESERVE OTHER - 599902
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the attached budget amendment in the amount of $50,000.00 from the Tourist Development Tax Fund.