Visit Austin Proposed FY21 Summary Budget — original pdf

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AUSTIN CONVENTION & VISITORS BUREAU dba Visit Austin Proposed Budget Fiscal Year 2020 -2021 REVENUE Proposed FY2021 Amended FY 2020 Approved Approved FY2020 FY2019 Approved FY2018 City Contract - Visit Austin Operations City Contract - Pass Through Funding Spring Festival Security Heritage Grants Local Business Grants 8,776,726 10,584,682 14,748,301 13,126,471 13,345,700 - - - - - - - - - - - - 1,200,000 250,000 200,000 Total City Contract 8,776,726 10,584,682 14,748,301 13,126,471 14,995,700 Private Sector Revenue Retail Revenue Publication Sales Rack Rental Partnership Revenue Austin Sports Commission Revenue Services Billed Donated Services Interest Income Draw on Reserve Funds Sub-Total, Private Sector Revenue 750,000 20,000 5,500 247,000 40,000 13,750 25,000 24,000 2,000,000 3,125,250 791,941 20,000 10,000 429,680 48,705 15,000 315,000 35,000 1,000,000 2,665,326 1,250,000 20,000 15,000 674,500 73,000 30,200 315,000 42,000 533,800 2,953,500 1,140,000 - 15,000 646,525 68,000 22,400 315,000 3,600 376,100 2,586,625 1,110,000 20,000 15,000 549,500 68,000 80,000 315,000 4,200 112,350 2,274,050 TOTAL REVENUE 11,901,976 13,250,008 17,701,801 15,713,096 17,269,750 BUDGET BY PROGRAM Convention Sales & Services Marketing Music & Film Visitor Center Finance/Administration/IT Future Convention Commitments Pass Through: Spring Festival Heritage Grants Local Business Grant Compensation Reductions TOTAL * ** 4,625,273 4,014,434 549,688 994,270 1,718,309 - - - - - 11,901,974 4,951,697 4,244,747 587,944 1,442,767 2,022,853 13,250,008 7,528,490 5,249,747 702,944 1,697,767 2,522,853 - - - - - 17,701,801 6,750,862 4,576,127 563,430 1,640,135 2,182,542 - - - - - 15,713,096 6,381,191 5,092,971 539,890 1,591,040 2,254,658 - 1,200,000 250,000 200,000 (240,000) 17,269,750 CHANGE IN NET ASSETS - - - - FY2021 Amended FY2020 FY2020 Percentage Allocation Percentage Allocation Percentage Allocation FY2019 Percentage Allocation FY2018 Percentage Allocation Convention Sales Convention Services Convention Services - Housing Tourism Sales Marketing/Advertising Music & Film Visitor Center Finance/Administrative/IT Pass Through Current and Future Convention Commitments * * * * ** 28% 8% 0% 3% 34% 5% 8% 14% 0% 0% 100% 28% 8% 0% 3% 34% 4% 8% 14% 0% 1% 100% 28% 6% 0% 3% 31% 3% 9% 13% 7% 0% 100% 23% 14% 1% 3% 30% 3% 8% 11% 0% 7% 100% 28% 6% 2% 3% 33% 3% 8% 11% 0% 6% 100%