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HomeMy WebLinkAboutTDA Executive Board Meeting May 28 2024 NEW HANOVER COUNTY TOURISM DEVELOPMENT AUTHORITY EXECUTIVE COMMITTEE MEETING May 28, 2024 PRESENT: Nicole Jones- Immediate Past- Chairman Lynn Barbee- Secretary Angela Rhodes – Vice Chairman Kim Hufham – President/CEO Eric Credle– NHC Chief Finance Officer EXCUSED: Tom Ullring- Chairman STAFF: Kim Little- Admin. Services Manager/Recording Secretary Linda Brothers-Senior Financial Analyst, NHC NHC TDA Board Vice- Chairman Angela Rhodes called the Executive Committee Meeting to order at 2pm via WebEx conference call. ITEM I: APPROVAL OF EXECUTIVE COMMITTEE MINUTES: - Nicole Jones \[Motion made by Nicole Jones, seconded by Lynn Barbee and unanimously accepted to approve the March 24, 2024, Executive Committee minutes.\] ITEM II: PROPOSED 2024/2025 TDA Budget- Kim Hufham St  Overall 1 3 % budget – Revenue projections were up .89% - Expenses are budgeted up 1%  Salaries & Benefits – up 3.96% o 3.88% cost of living increase o 1.5% merit pool  Fund Balance Requests – TOTAL Request - $500,000 rd o Out of State Marketing – $275,000 (3 year of program – Total of $ 1 million) o Airport Marketing - $125,000 o Riverfront Booth upgrades: $45,000 1  Occupied booth – 36 years  Operate Year-round 7 days per week – New administration offices are not conducive to a visitors center  CVB will pay cost of upgrades to include:  New Insulation  Upgrade electrical  New windows  HVAC  Outside aesthetics o Visitor Information Kiosks: $25,000  Identified in Riverwalk Study  CVB will purchase one for visitor center area nd  City will purchase a 2 kiosk along Riverwalk area with ARPA funds o Pleasure Island Visitor Center: $15,000  Upgrade current booth to more permanent structure  Cost to be shared with town of Carolina Beach o Employee Salary Study: $15,000  Last one conducted in 2003/2004  Competitive analysis of positions Consensus to present the FY24/25 TDA Budget in the amount of $13,161,865 to the NHC TDA full Board at the May Meeting. Kim Hufham appreciates the support of the NHC Executive Committee. She looks forward to updating everyone on the Tourism Master Plan progress and timeline. ITEM III: OLD/ NEW BUSINESS- Angela Rhodes Lynn Barbee requested that a representative from the NHC Airport Authority report back to the NHC TDA Board on the marketing results from the NHC TDA Board’s investment. ITEM IV: ADJOURNMENT- Angela Rhodes As there was no further business, the meeting adjourned at 3pm. _____________________________ ___________________________ Kim Hufham, President/CEO Lynne Barbee, Secretary 2