ITEM TITLE:
#26-19 - Amending the 2026 City Budget by Appropriating an Additional $250,000 to the Economic Development Department for Tourism Expenditures to be Transferred from Council Contingency Reserve
SUBMITTED BY: Nathan Duval, City Manager
FISCAL NOTES:
Expenditure Required: $250,000
Unencumbered Balance: $990,113
Funding Source: Council Contingency Reserve, 350-0202-55000
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
In accordance with the recommendations from the Tourism Task Force, Staff proposes moving monies appropriated during the 2026 budget adoption from Council Contingency to the Economic Development Department budget. The funds are from the estimated $505K in anticipated bed tax revenues and will be used for summer 2026 tourism related marketing, website maintenance, visitor center expenses, as well as funds for an agreement with the VCVB for the purchase of assets and intellectual property in an effort to assist that organization with their voluntary dissolution process.