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Home My WebLink About2009-15 Approving the Amended 2009 Budget for the VLMDRESOLUTION NO. 15਍ഀ Series of 2009਍ഀ A RESOLUTION APPROVINGTHE AMENDED 2009 BUDGET FOR THE VAIL਍ഀ LOCAL MARKETING DISTRICT, AND AUTHORIZING SAID ADJUSTMENTS AS਍ഀ SET FORTH HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO.਍ഀ WHEREAS, the Town of Vail (the "Town"), in the County of Eagle and State of਍ഀ Colorado is a home rule municipal corporation duly organized and existing under the laws਍ഀ of the State of Colorado and the Town Charter (the "Charter"); and਍ഀ WHEREAS, the members of the Town Council of the Town (the "Council") have਍ഀ been duly elected and qualified; and਍ഀ WHEREAS, contingencies have arisen during the fiscal year 2009 which could not਍ഀ have been reasonably foreseen or anticipated by the Town Council at the time it enacted਍ഀ Resolution No. 17, Series 2008, adopting the 2009 Budget for the Vail Local Marketing਍ഀ District (the "VLMD") of Vail, Colorado; and਍ഀ WHEREAS, in accordance with CRS section 29-1-106 a notice of budget hearing਍ഀ has been published; and਍ഀ WHEREAS, notice of this public hearing to consider the adoption of the amended਍ഀ VLMD budget was published in the VAIL DAILY on the 8th day of May, 2009.਍ഀ NOW THEREFORE, LET IT BE RESOLVED by the Town Council of the Town of Vail,਍ഀ Colorado, as follows:਍ഀ Section 1. The Council approves the amended budget of the VLMD for the਍ഀ 2009 budget, attached hereto as Exhibit A.਍ഀ Section 2. The Council hereby finds, determines and declares that this਍ഀ Resolution is necessary and proper for the health, safety and welfare of the Town and the਍ഀ inhabitants thereof.਍ഀ Section 3. This Resolution shall be effective immediately upon adoption.਍ഀ INTRODUCED, READ, APPROVED AND ADOPTED this 19th day of May, 2009.਍ഀ Attested:਍ഀ ~Lor6ei Donaldson, Town Clerl4਍ഀ Signed:਍ഀ ci--~CN(਍ഀ k,Dick Cleveland, own Mayor਍ഀ SEAL਍ഀ Resolution No. 15, Series 2009਍ഀ Income਍ഀ 310 • Lodging Tax਍ഀ 313. Other Income਍ഀ 399. Interest Income਍ഀ Total Income਍ഀ Expense਍ഀ 6301 • Destination਍ഀ 6301.01 • Advertising਍ഀ 6301.09 • Partnerships / Strategic Alliance਍ഀ 6301.20 • Advertising - Winter਍ഀ Total 6301 • Destination਍ഀ 6302 • Front Range਍ഀ 6302.06 • Advertising਍ഀ 6302.20 • Front Range Media & Search਍ഀ 6302.21 • Front Range Creative਍ഀ 6302.06 • Advertising Total਍ഀ 6302.07 • Promotions਍ഀ 6302.30 • Front Range Creative਍ഀ 6302.31 • Front Range - Acq & Fulflllmt਍ഀ 6302.07 • Promotions Total਍ഀ 6302.18 • Advertising - Winter਍ഀ Total 6302 • Front Range਍ഀ 6303 • Groups and Meetings਍ഀ 6303.01 • Print Advertising਍ഀ 6303.03• Marketing Services਍ഀ 6303.04 • Travel/Tradeshows਍ഀ 6303.06 - Memberships਍ഀ 6303.11 • Familiarization Trips਍ഀ 6303.16 • Public Relations਍ഀ 6303.17 • Direct Sales਍ഀ Total 6303 • Groups and Meetings਍ഀ 6304 • Public Relations Expenses਍ഀ 6305 • Fulfillment਍ഀ 6306 • Photography਍ഀ 6307 • Research਍ഀ 6310 • Admin Miscellaneous਍ഀ 6311 • Database Mgmt & Direct Mail਍ഀ 6311.01 • Database & Direct Mail Winter਍ഀ 6314 • Collateral਍ഀ 6315 • Web & Email Marketing਍ഀ 6316 • Events਍ഀ 6316.01 • Events - Winter਍ഀ 6318 • Asset Marketing਍ഀ 6320 • Branding਍ഀ 6321 -Opportunity Fund਍ഀ 6400 • Contingency਍ഀ 7000 • Professional Fees਍ഀ 7001•Legal and Accounting਍ഀ 7003 • Advertising Agent Fees਍ഀ 7004. Media Agency Fees਍ഀ 7007. Marketing Coordination-VVP/TOV਍ഀ 7008 • PR - Professional Fees਍ഀ 7009 • Web Site਍ഀ 7010 • Strategic Advisory Foss਍ഀ 7011 • Partnership Fees਍ഀ 7016 • Ft Range Promotion Fees਍ഀ 7016 - Strategic Alliance Fees & Trvl਍ഀ 7017 • Asset Marketing਍ഀ Total 7011 • Partnership Fees਍ഀ 7012 • Air Service਍ഀ 7013 • Concierge Program਍ഀ Total 7000 • Professional Fees਍ഀ Total Expense਍ഀ Net Income਍ഀ Beginning Fund Balance਍ഀ Ending Fund Balance਍ഀ %age Fund Balance (25% required)਍ഀ Vail Local Marketing District਍ഀ 2009 Budget਍ഀ 2008਍ഀ 2008਍ഀ Actual਍ഀ Amended Supp਍ഀ 2,179,300਍ഀ 1,965,000਍ഀ 579,926਍ഀ 8,877਍ഀ 6,025਍ഀ 2,768,103਍ഀ 1,971,025਍ഀ 256,124 158,000਍ഀ 72,575਍ഀ - 121,201਍ഀ 256,124 351,776਍ഀ 162,500਍ഀ 36,000਍ഀ 290,620 198,500਍ഀ 28,000਍ഀ 120,000਍ഀ 240,000 148,000਍ഀ 102,379 97,621਍ഀ 632,999 444,121਍ഀ 96,416਍ഀ 59,665਍ഀ 53,895਍ഀ 70,000਍ഀ 101,769਍ഀ 81,500਍ഀ 4,647਍ഀ 3,000਍ഀ 41,673਍ഀ 25,000਍ഀ 15,000਍ഀ 10,000਍ഀ 12,000਍ഀ 97,835਍ഀ 325,400਍ഀ 347,000਍ഀ 172,540਍ഀ 124,500਍ഀ 3,026਍ഀ 3,000਍ഀ 55,188਍ഀ 63,000਍ഀ 19,500਍ഀ 43,500਍ഀ 7,652਍ഀ 10,000਍ഀ 178,799਍ഀ 9,000਍ഀ 49,992਍ഀ 25,000਍ഀ 153,000਍ഀ -਍ഀ -਍ഀ 50,000਍ഀ 148,000਍ഀ 9,800਍ഀ 220,000਍ഀ 74,000਍ഀ 7,500਍ഀ 23,524਍ഀ 20,000਍ഀ 71,913਍ഀ 83,000਍ഀ 40,000਍ഀ -਍ഀ 125,000਍ഀ 125,000਍ഀ 103,500਍ഀ 100,000਍ഀ 84,031਍ഀ 100,000਍ഀ 135,393਍ഀ 25,000਍ഀ 50,625਍ഀ 50,000਍ഀ 120,678਍ഀ 100,625਍ഀ 10,000਍ഀ -਍ഀ 23,000਍ഀ 48,000਍ഀ 737,040਍ഀ 601,625਍ഀ 2,748,260 2,374,822਍ഀ 19,843 (403,787)਍ഀ 1,006,744 1,026,587਍ഀ 1,026,587 622,790਍ഀ 37% 32%਍ഀ Exhibit A਍ഀ nd਍ഀ 2009਍ഀ lemental਍ഀ Proposed਍ഀ (220,000)਍ഀ 1,745,000਍ഀ 6,025਍ഀ (220,000)਍ഀ 1,751,025਍ഀ 158,000਍ഀ (2,500)਍ഀ 70,075਍ഀ 121,201਍ഀ (2,500)਍ഀ 2਍ഀ 349,276਍ഀ (7,000)਍ഀ (7,000)਍ഀ (7,000)਍ഀ 155,500਍ഀ 36,000਍ഀ 191,500਍ഀ 28,000਍ഀ 120,000਍ഀ 148,000਍ഀ 97,621਍ഀ 437.121਍ഀ (3,000)਍ഀ (4,000)਍ഀ (7,000)਍ഀ (6,500)਍ഀ (3,500)਍ഀ (500)਍ഀ (74,000)਍ഀ (7,500)਍ഀ (10,000)਍ഀ (2,000)਍ഀ (12,000)਍ഀ (120,500)਍ഀ 56,665਍ഀ 70,000਍ഀ 77,500਍ഀ 3,000਍ഀ 25,000਍ഀ 10,000਍ഀ 97,835਍ഀ 340,000਍ഀ 118,000਍ഀ 3,000਍ഀ 59,500਍ഀ 43,500਍ഀ 10,000਍ഀ 25,000਍ഀ 50,000਍ഀ 9,300਍ഀ 220,000਍ഀ 20,000਍ഀ 83,000਍ഀ 125,000਍ഀ 100,000਍ഀ 90,000਍ഀ 23,000਍ഀ 50,625਍ഀ 50,000਍ഀ 100,625਍ഀ 48,000਍ഀ 589,625਍ഀ 2,254,322਍ഀ (503,297)਍ഀ 1,026,587਍ഀ 523,290਍ഀ 30%਍ഀ