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for this 3) Business Facilitation and Ombud—offering help 4) Town & Gown Relations—
<br /> working on strengthening these 5) Downtown Together(Innovation District Plan)—
<br /> monthly meetings, sharing ideas.
<br /> • Street Scape Program, making the downtown clean and safe.
<br /> • The goal is to provide a better market for businesses than relying on students.
<br /> • Top Challenges: 1) Make downtown cleaner, safer, and more attractive 2) Improve the
<br /> Development Approval Processes for new businesses 3) Proactively market the district to
<br /> attract businesses 4)Upgrade parking.
<br /> • An overview of key projects was presented including East Franklin Street Wet Lab
<br /> project, "The Junction,"; Rosemary Street parking deck and office space; Enterprise Zone
<br /> on West Franklin Street; new Wyndham Elements Hotel next to old town hall on
<br /> Rosemary Street; University Place (UP)upgrades and timeline; Aura mixed use
<br /> development on Estes and MLK.
<br /> • See PDF Presentation here. https:Htinyurl.com/yx7yd698
<br /> Executive Director's Report
<br /> • Laurie reviewed the proposed budget of the Visitors Bureau for 2023/24. A general
<br /> summary:
<br /> • Visitors Bureau division expenditure increase of$333,058 from previous year based on
<br /> increased advertising,promotions & events along with building improvements. Total
<br /> revenue increase of$487,791 based on projected occupancy taxes. The approved budget
<br /> includes utilization of$198,165 in fund balance.
<br /> By Category(Visitors Bureau Fund)
<br /> Overhead 105,986 86.644 86.644 83592 33,592
<br /> Personnel Services 526,520 558.709 581,901 580.239 500.239
<br /> Operations 446,765 1,154,164 1.154.164 1,466,936 1,466,936
<br /> Capital Outlay 493,711 0 0 25,000 25,000
<br /> Total Expenditures $ 1,572,983 $ 1,799,517 $ 1,822,709 $ 2,155,767 $ 2,155,767
<br /> Total Department Revenues 1,865,403 1,740,000 1.740.000 2,227,791 2,227,791
<br /> Transfer from General Fund 560.000 0 0 0 0
<br /> Appropriated Fund Balance 0 288,814 283.814 372.068 198.165
<br /> Visitors Bureau Costs(net)' $ (852,420) $ (229,297) $ (206,105) $ (444,092) $ (270,189)
<br /> Total DeparhnentExpenditures $ 2,fl42,939 $ 2,302,411 $ 2,341,986 $ 2,659,180 $ 2,659,180
<br /> New Budget
<br /> After reviewing each line item and following a Q&A by board members, Mark Bell requested a
<br /> motion to approve the proposed FY 2023-24 Budget. Beverly Payne so moved, and Sharon Hill
<br /> seconded the motion. Jon Hartman Brown asked Laurie to clarify what the Visitors Bureau's
<br /> current fund balance is. Laurie will confer with the county finance manager and bring that
<br /> information back to the next board meeting. With all members in favor, the (proposed) FY 2023-
<br /> 24 Budget allocations were approved as submitted. Final authority for the budget approval lies
<br /> within the Board of County Commissioners who are scheduled to approve a county budget in
<br /> June.
<br /> 2 1 P a g e CHOCVB BOD Meeting Apr 19 , 2023
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