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HomeMy WebLinkAboutItem U05 COUNTY of MONROE BOARD OF COUNTY COMMISSIONERS The Florida Keys Mayor Michelle Lincoln, District 2 Mayor Pro Tem David Rice,District 4 Craig Cates,District 1 James K. Scholl,District 3 Holly Merrill Raschein, District 5 Regular Meeting May 20, 2026 Agenda Item Number: U5 26-11082 BULK ITEM: No DEPARTMENT: Budget and Finance TIME APPROXIMATE: NA STAFF CONTACT: Andrew Roltsch AGENDA ITEM WORDING: A public hearing to consider approval of a resolution amending the fiscal year 2026 budget for Fund 115, Tourist Development, All Districts, Two Cent. The resolution will provide $400,000 in funding for the County's America 250 Florida Keys Celebration. ITEM BACKGROUND: The amendment to Fund 115 is necessary to bring forward $400,000 from the Tourist Development Council's unappropriated fund balance to be used for the America 250 Florida Keys celebration. The tentative schedule and approximate cost of associated events are as follows; Event Date Area Approx.$ Contact Key West Duvall IPaira de/Tr irnairnWateirffirount 27-Ju,uirn City of IKey West $50,000 City/Dodairn Patton 7 Mliille Bridge SUinset Cellelbiradoirn Oct. 10 Middle IKeys $60,000 Kristen Liiveirn,good Key Largo IEveirnt TBD IKey Largo Coirmnunnnuirniity Parlk $50,000 Kristen Liiveirn,good 9/11 Meirmnoiriiall Opening Cdelbratiioun Nlov. 17 Fouuundeirs Pairlk Isllarvnoirada $50,000 Kristen Liiveirn,good Diroirne Shows(2) Nov. 17/21 $50,000 Kristen Liiveirn,good 9/11 Meirnnoiniall Closing Nov. 21 Big IPine IKey Community Pairlk $50,000 Kristen Liiveirn,good 9/11'Weveir Forget"Semi Truck Exhibit Isllaunnomada/IBii,g Pine IKey $25,000 Kristen Liiveirn,good Clfnalllleimge Coins $10,000 Kristen Liiveirn,good Street Bairnirneirs $10,000 Kristen Liiveirn,good Bu,uiilldiung Lighting $10,000 Jetlhoun W lllhidaunns Giant IFllags $10,000 JoNellll IlWfoodys Add°II Funding $19,969 Bathrooms IKiiclk-off(lirnvoiiced) $1,899 Feuatiheir(Nags IKick-Off(lirnv6ced) $3,132 1ft7TAIL $400.000 PREVIOUS RELEVANT BOCC ACTION: On April 151h, 2026, the BOCC gave approval to advertise a public hearing for a budget amendment to fund 115 for fiscal year 2026. On September 10th, 2025, the BOCC approved the operating & capital budget for fiscal year 2026. INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: FINANCIAL IMPACT: The required budget amendment will increase FY2026 budgeted expenditures in fund 115 by $400,000.00. Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: $400,000.00 Current Year Portion: $400,000.00 Budgeted: No Source of Funds: 115-75045 CPI: Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue If yes, amount: Producing: Grant: County Match: Insurance Required: Resolution No. -2026 A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS WHEREAS,it is necessary to conduct a public hearing as required by section 129.06,Florida Statutes,to amend the following: Tourist Development,All Districts,Two Cent Fund 115 for the fiscal year beginning October 1,2025 and ending September 30,2026,now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY,FLORIDA,that a Public Hearing was conducted on May 20,2026 to amend the Tourist Development,All Districts,Two Cent Fund 115 and to adopt the amended budgets as follows: Tourist Development,All Districts,Two Cent Current Tne./(Dec.) Revised Revenues: Budget Budget 115 RC_00003 Tourist Development Tax 2 Cent $9,276,750.00 $9,276,750.00 115 RC_00299 Interest Earnings $0.00 $0.00 115 RC_00396 Less 5%FL Statute -$463,838.00 -$463,838.00 115 RC_00397 Fund Balance Forward $346,876.00 $400,000.00 $746,876.00 115 RC_00403 Fund Balance Forward TDC Emergency $1,081,783.00 $1,081,783.00 Total $10,241L571.00 $400,000.00 $10,641,571.00 Appropriations: 115 75011 530485 Cultural Umbrella $967,389.00 $967,389.00 115 75022 530**** Fishing Umbrella $892,000.00 $892,000.00 115 75023 530310 Film Payroll Total $200,000.00 $200,000.00 115 75024 530310 Research Payroll Total $190,325.00 $190,325.00 115 75025 530490/5'0480 Cultural Marketing Campaign Total $459,686.00 $459,686.00 115 75026 530480 Fishing PR Campaign $20,000.00 $20,000.00 115 75032 530490/530480 Fishing Advertising Campaign $605,000.00 $605,000.00 115 75033 530480 Dive Umbrella $1,500,000.00 $1,500,000.00 115 75035 530310 Events $72,135.00 $72,135.00 115 75036 530490 Finance $18,065.00 $18,065.00 115 75037 530*** Film Commission $225,000.00 $225,000.00 115 75038 530*** Public Relations $1,400,987.00 $1,400,987.00 115 75039 530*** Market Research 5529,675.00 5529,675.00 115 75040 530310 Arts Council $87,800.00 $87,800.00 115 75045 530310 American 250 Celebration S0.00 5400,000.00 5400,000.00 115 75090 590992 Catashophic/Ewer 51,081,783.00 $1,081,783.00 115 75360 530310/530485 Special Projects 5418,946.00 5418,946.00 115 75361 530310/530485 DAC T Special Event Funding 5380,667.00 5380,667.00 115 75362 530310/530485 DAC IT Special Event Funding $64,400.00 $64,400.00 115 75363 530310/530485 DAC IT]Special Event Funding $60,000.00 $60,000.00 115 75364 5303101530485 DAC TV Special Event Funding $50,000.00 $50,000.00 115 75365 5303101530485 DAC V Special Event Funding $45,000.00 $45,000.00 115 75466 530310 PR Internal StaffSalarics 5570,000.00 $570,000.00 115 75468 530310 VFT Event Related Staff Salaries 5330,000.00 $330,000.00 115 86529 581000 Budgeted Transfers Out $72,713.00 $72,713.00 Total $10,241,571.00 5400,000.00 $10,641,571.00 BE 1T FURTHER RESOLVED BY SAID BOARD,that the Clerk of said Board,upon receipt of the above,is hereby authorized and directed to make necessary changes of said items,as set forth above. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County,Florida,at a regular meeting of the Board on the 20th day of May,AD 2026. Mayor Michelle Lincoln Mayor Pro Tern David Rice Commissioner Craig Cates Commissioner James K.Scholl Commissioner Holly Merrill Raschein BOARD OF COUNTY COMMISSIONERS (Seal) OF MONROE COUNTY,FLORTDA Attest: KEVIN MADOK,Clerk By: Mayor/Chairman As Deputy Clerk