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Agenda 12/11/2012 Item #11CQO 12/11/2012 Item 11.C. EXECUTIVE SUMMARY Recommendation to provide direction relative to reallocation of existing Tourist Development Tax distributions to increase destination marketing efforts and the annual accumulation of reserves for major beach renourishment. OBJECTIVE: To obtain direction and authorization to initiate reallocations to the existing tourist tax distributions and required Tourist Development Tax (TDT) Ordinance amendments to increase funding for destination marketing and revise the Tourist Development Tax Category "A" Funding Policy to increase accumulation of reserves for major beach renourishment. CONSIDERATIONS: Tourism is a major driver of Collier County's economy supporting 32,000 hospitality and tourism industry jobs and providing a $1.4 billion annual economic impact. According to Research Data Services, the Convention and Visitor Bureau's (CVB) marketing consultant, each dollar invested in destination advertising and promotion returned $40.79 in direct visitor spending. In addition many County property and business owners were first introduced to Collier County through visitation to our area as leisure or group meeting travelers. A. special subcommittee of the Tourist Development Council (TDC) was appointed in March of 2011 to review the current tourist tax structure and make recommendations on how the destination can benefit from a more robust year -round marketing and promotion effort. The committee met ten times beginning April 1, 2011 and developed a list of findings and conclusions on the current situation of the tourism industry in Collier County. From those findings and conclusions, a set of recommendations was developed for review and recommendation to the County Commission. Attachment 1 is an overview of the TDC subcommittee recommendations that were supported and recommended by the Tourist Development Council on March 16, 2012. The TDC requested staff to take the eleven (11) recommendations to the various tourism industry stakeholder groups for consideration and input. The result of that process is shown on Attachment 2. A table summarizing the TDC recommendations is provided as attachment 3. The County Manager reviewed the TDC recommendations and the outcome of the stakeholder input meetings and requested staff to prepare recommendations to accomplish the goals of more destination marketing funding and more realistic reserve requirements for future beach renourishment and beach park facilities. The County Manager suggests a blended approach to tourist tax allocation changes combining the TDC recommendations and the staff recommendations. Some of these reallocations will require an amendment of Tourist Tax Ordinance No. 92 -60, as Packet Page -1745- 12/11/2012 Item 11.C. amended, and some will require a change in the Category "A" Beacb and Inlet Funding Policy adopted by the BCC in October of 2005. FISCAL IMPACT: The recommendations under consideration involve changing the allocation of existing Tourist Development Tax revenues and redistributing interest earnings. The proposals both increase the allocation for promotional activities and beach renourishment through decreases to Beach Park Facilities and County Museum funding. Staff's proposal adds General Fund commitment to backstop potential Museum and Beach Park Facility funding shortfalls. The following table compares the current TDT allocation to staffs and the TDC's proposals. Tourist Development Tax Raaiiocat on Analysis The following table illustrates staff s 'reallocation approach including Merest and sweeps /� of fund balances from designated funds as directed by ordinance: Staff Reeorrxn wAnd Tourist DWW10PMWt Tax Reallocation Beater Parks Pran UWn Fund TDC AWW Fund RauVWunent Mweurm Desc #Mw Fund 183 184 1% 195 Fund 19$ A Fa ies -183 (2,7KWM - - - Pranw ion -184 - 1,450AOD - - - y Museums -293 - - - - - Admin -294 - - - - - tr Re muratunent 295 - - - 50DJM - Dmsasw Recmefy -296 uy Museums -198 - - - - OWN Admin Sweep I 250,00D (250,WO) vr- - sr s, � rTtrr ftwdki - ana Vim In addition to the recommended changes detailed above which will result in annual additional marketing and promotion dollars totaling $1,900,000, staff recommends that the Board consider allocating one time dollars available within the disaster recovery Packet Page -1746- 12/11/2012 Item 11.C. advertising fund (196) in the amount of approximately $500,000 to supplement Category n A beach renourishment/ ass maintenance projects and/or augment additional Category B marketing and promotion. An ordinance amendment or policy change may be required depending upon the use of these one time dollars. Lowering the ordinance mandated minimum balance in the disaster advertising fund from $1,000,000 to $500,000 provides the basis for this one time recommended distribution. Under this proposal, if the Disaster Recovery Fund drops below $500,000 it will be replenished by the General Fund. n GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this Executive Summary. LEGAL CONSIDERATIONS: Any amendment to the Tourist Development Tax Ordinance No. 92 -60, as amended, will require a super - majority vote. This item has been reviewed by the County Attorney's Office, is legally sufficient for Board action and requires a majority vote for approval. — CMG RECOMMENDATION: To provide direction on the reallocation of current Tourist Development Tax funding to increase destination marketing efforts and the annual accumulation of reserves for major beach renourishment, and further, to solicit recommendations from stakeholder groups prior to the Board's consideration of ordinance and/or policy changes. Prepared by: Jack Wert, Tourism Director, Ed Finn, Senior Budget Analyst, OMB Attachments: 1. TDC recommendations overview 2. Stakeholder meeting outcomes 3. Subcommittee recommendations table Packet Page -1747- 12/11/2012 Item 11.C. COLLIER COUNTY Board of County Commissioners Item Number: 11.C. Item Summary: Recommendation to provide direction relative to reallocation of current Tourist Development Tax funding to increase destination marketing efforts and the annual accumulation of reserves for major beach renourishment. (Ed Finn, Sr. Budget Analyst, Office of Management and Budget) Meeting Date: 12/11/2012 Prepared By Name: BrockMaryJo Title: Executive Secretary to County Manager, CMO 11/30/2012 1:14:32 PM Submitted by Title: Executive Secretary to County Manager, CMO Name: BrockMaryJo 11/30/2012 1:14:33 PM Approved By Name: OchsLeo Title: County Manager Date: 12/5/2012 5:02:05 PM Packet Page -1748- 12/11/2012 Item 11. C. Attachment 1 n Overview of the Tourist Development Council (TDC) Recommendations Process • The TDC Sub Committee of 5 members was appointed by Commissioner Hiller in March 2011 • The group met 10 times over 12 months and made recommendations to the full TDC in February 2012. TDC recommended 11 tactics for consideration by tourism industry stakeholder groups • The overarching goal of the recommendations is to extend the reach of our destination marketing efforts to attract more visitor spending to our communities • Final community supported recommendations will go back to TDC and then to BCC for possible implementation THE RECOMMENDATIONS: 1. Implement changes to the tourist tax allocations to increase the marketing and promotion allocation from 25% of the total Tourist tax revenue (currently $ 2 million) to 45% generating a budget of $4.0 million per year for destination marketing efforts 2. Reduce Beach Park Facilities annual allocation of Category A funds from 16.67% to 6 %, or from $2 million per year to $600,000 per year 3. Reduce Collier County Owned & Operated Museums Operating funding from tourist tax funding after five years (FY 17) from 11% to 0 %. Future funding (after 5 years) for museum operations would revert to General Fund, supplemented by the following new revenue sources: a. Charge admission to non - residents b. Apply for state, regional and national museum grants c. Annual major fund raising efforts d. Tourism Department would direct more TDC funds to heritage marketing 4. Increase allocation to Category A Beach renourishment funding from 33.33% to 34% annually (Increase of $100 k) S. Increase the allocation to tourism department administration from 11.60% to 12.60% ( +$13 k) 6. Request County Commission (BCC) to recognize excess TDT revenue above current year projections for immediate use in current fiscal year for destination marketing 7. Extend the allocation of interest earned on each TDT fund to Fund 184 for destination marketing for an additional three years through FY 15 S. Aggressively pursue State and Federal cost share funding for our beach renourishment projects through legislative lobbying and education Packet Page -1749- 12/11/2012 Item 11.C. Attachment 1 9. Increase the current budget ($100,000) for air service marketing funds by $50,000 per year to r attract more direct service and enhance and expand existing air service especially from U.S. West Coast 10. Expand the CVB Community Relations efforts to encourage more local and regional media coverage of the impact and importance of tourism to our community 11. Tourism Dept (CVB) should be included as an equal participant in economic development planning for County The projected results the first year of additional destination marketing funding: a. 27,700 more Visitors b. $15.6 million increase indirect visitor expenditures c. $23.3 million increase in economic impact d. $250,300 in additional TDT revenue e. 500 new tourism industry jobs each year f. 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