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HomeMy WebLinkAboutTDA Notice budget 2011-2012 NEW HANOVER COUNTY AVRIL M. PINDER, MBA, CPA, CLGFO FINANCE OFFICE Finance Director 230 GOVERNMENT CENTER DRIVE, SUITE 165 BARBARA D. McCLURE, WILMINGTON, NORTH CAROLINA 28403 MBA, CPA, CPFO TELEPHONE (910) 798-7187 Assistant Finance Director FAX (910) 798-7410 www.nhcgov.com Notice of Public Hearing New Hanover County Tourism Development Authority 2011-2012 Proposed Budget The New Hanover County Tourism Development Authority’s (TDA) 2011-2012 proposed budget was submitted to the TDA Board (governing authority) on Wednesday, May 25, 2011 at 5:30 p.m. at the Hilton Garden Inn Mayfaire Town Center located at 6745 Rock Spring Road Wilmington, NC 28405. Monday, June 20, 2011 at 5:00 p.mHilton A public hearing will be held on . at the Wilmington Riverside Complex, 301 North Water Street Wilmington, NC 28401. In order to give all interested citizens the opportunity to make comments on the budget. Citizens interested in speaking at this public hearing may sign up prior to the hearing from 4:30 to 5:00 p.m. at hearing location. Written comments should be addressed to Kim Hufham, President/CEO of the New Hanover County Tourism Development Authority, 505 Nutt Street, Unit A, Wilmington, NC 28401. Comments must be received in the TDA office no later than 3:00 p.m. June 20, 2010 for consideration. The proposed budget may be examined on weekdays between 8:30 a.m. and 5:00 p.m. in the office of the New Hanover County Tourism Development Authority at their 505 Nutt Street, Unit A address. The following is a summary of the proposed budget: Expenditures Marketing & Promotion $1,177,853 Visitor/Inquiry Fulfillment 122,610 Convention Center Marketing 288,960 Administration 318,607 Tourism Activities 1,535,785 Total $ 3,443,815 Revenues First 3% Room Occupancy Tax (ROT) $1,547,070 Second 3% - ROT – Promotion 716,700 Second 3% - ROT – Activity 819,085 City of Wilmington – Convention Center 288,960 Appropriated Fund Balance 72,000 Total $ 3,443,815