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AGENDA ITEM 1 D <br />• <br />STAFF ORIGINATOR: Mary Divine <br />MEETING DATE: November 8, 2010 <br />TOPIC: Consideration of Resolution No. 10 -102 Approving MN Metro <br />North Tourism Budget for 2011 <br />VOTE REQUIRED: 3/5 <br />BACKGROUND <br />Twin Cities Gateway, the new moniker of the Minnesota Metro North Tourism Bureau <br />has established its 2011 budget. According to the by -laws, the annual budget shall be <br />reviewed by each member city. <br />Council will recall that at the request of the local hotels, the council approved a 3% hotel <br />tax beginning in January 2010 which is used to fund the tourism bureau. The bureau <br />has accomplished a great deal in 2010, including hiring its executive director, <br />developing branding and marketing tools and establishing the new website. <br />2011 Budget summary: <br />• FY2011 budget: $530,000. <br />• Fund Balance /budget reserve: $99,000 <br />• Operating Expenses: $120,000 <br />• Marketing Expenditures: $372,200 <br />The 2011 revenues will be spent for operations; regional meetings and conference <br />marketing; a regional marketing grant program; regional marketing promotion and <br />advertising, and community festivals grant program. <br />Requested Council Direction <br />1. Approve Resolution No. 10 -102 Approving the 2011 Budget for MN Metro North <br />Tourism. <br />2. Do not approve the budget. <br />Attachments: <br />1. Resolution No. 10 -102 <br />2. MN Metro North Tourism proposed budget for 2011 <br />• <br />