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Agenda 06/28/2011 Item #16D10 6/28/2011 Item 16.0.10. EXECUTIVE SUMMARY Recommendation to approve budget amendments for the Museum totaling $83,725.04 to recognize tourist development tax revenue received as a result of a class action Jaw suit brought against on- line travel agencies for $62,441.04 and other miscellaneous revenues for $21,284 and appropriate funds for museum capital improvements. OBJECTIVE: To approve budget amendments and appropriate additional tourist tax and miscellaneous revenues to complete exhibit construction and installation at the Naples Depot Museum and continue the LED lighting upgrade for greater economy and energy efficiency. CONSIDERA nONS: 1. The Collier County Museum received a check for $62,441.04 on February 16,2011 resulting from a class action law suit and subsequent Settlement Agreement reached by the Plaintiffs and various on-line travel agencies. The Tourist Development Council approved this distribution of proceeds in compliance with the Tourist Development Tax Ordinance No. 92-60, as amended, at its regularly scheduled meeting on April 25,201]. (Vote 7-2). 2. The Collier County Museum would also like to recognize other revenues to include $6,000.00 from insurance proceeds, $5,984.00 from a private contribution, and $9,300.00 from interest. 3. $ 31,284.00 of the recognized revenue will used to fund the completion of the Naples Air FieldlProvincetown Boston Airlines exhibit. 4. The additional $20.000.00 will be used to begin upgrading display lighting at the main Museum, Museum of the Everglades and Naples Depot with energy efficient LED light fixtures, which protects objects on display and reduces bulb replacement to every six to eight years. 5. The remaining revenue amount $ 32, 441.04 will be placed in fund 198 for reserves. Description Fund Revenue Amount Settlement Agreement from 198 $ 61,441.04 on-line Class action lawsuit Insurance Proceeds 314 $ 6,000.00 Private Contributions 314 $ 5,984.00 Funds received from Interest 314 $ 9,300.00 - Total Revenue amounts $ 83.725.04 ,.,,,,., Description Fund Expenditure Amount - Naples Air Field! Provincetown Boston 314 $ 3] .284.00 Airlines Exhibit - Packet Page -1069- 6/28/2011 Item 16.D.1 O. Upgrade to LED lighting in 3]4 $ 20, 000.00 all Museums Added to Reserves 198 $ 32,441.04 Total $ 83, 725.04 FISCAL IMPACT: Approving this budget amendment will increase the Museum Operating Fund (198) by $62,441.04 and will increase the Museum Capital Fund (314) by $51,284.00. Fund 198 reserves will increase $32,441.04 and Fund 314 reserves will decrease $9,300.00. GROWTH MANAGEMENT IMPACT: There is no grovv1h management impact associated with this Executive Summary. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney's Office, requires majority vote, and is legally sufficient for Board action. - CMG RECOMMENDATION: That the Board approve budget amendments totaling $83,725.04 to appropriate tourist development tax revenue received as a result of a class action law suit brought against on-line travel agencies for $62,441.04 and other miscellaneous revenues for $2] ,284.00 and all other budget amendments. Prepared by: Gary Vincent Packet Page -1070- 6/28/2011 Item 16.0.10. COLLIER COUNTY Board of County Commissioners Item Number: 16.0.10. Item Summary: Recommendation to approve budget amendments for the Museum totaling $83,725.04 to recognize tourist development tax revenue received as a result of a class action law suit brought against on-line travel agencies for $62,441.04 and other miscellaneous revenues for $21,284 and appropriate funds for museum capital improvements. Meeting Date: 6/28/2011 Prepared By Name: AlonsoHailey Title: Administrative Assistant,Domestic Animal Services 6/1 0/2011 11 :36:02 AM Submitted by Title: Manager - Museum.Museum Name: VincentGary 6/1 0/2011 ]] :36:04 AM Approved By Name: AlonsoHailey Title: Administrative Assistanl.Domestic Animal Services Date: 6/10/2011 ] 1 :50:07 AM Name: JamroRon Title: Director - Museum,Museum Date: 6/13/2011 3 :50:30 PM Name: GreeneColleen Title: Assistant County Atto111ey,County Atto111ey Date: 6/13/201 ] 4:38:39 PM Name: RamseyMarla Title: Administrator. Public Services Date: 6/15/2011 2:28:35 PM Packet Page -1071- Name: GreeneColleen Title: Assistant County AttorneY,County Attorney Date: 6/15/20115:39:51 PM Name: KlatzkowJeff Title: County Attorney, Date: 6/16/2011 10:56:30 AM Name: PryorCheryl Title: Management! Budget Analyst, Senior.Office of Management & Budget Date: 6/17/201112:38:50 PM Name: KlatzkowJeff Title: County Attorney, Date: 6/20/2011 11 :32:09 AM Name: OchsLeo Title: County Manager Date:6/2I/201111:01:40AM Packet Page -1072- 6/28/2011 Item 16.0.10.