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2018-138 FY 2018-2019 City Sponsorship ProgramDate: September 28, 2108 Report No. 2018-138 INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: The purpose of this report is to provide the City Council funding details regarding the City Sponsorship Program for FY 2018-2019. BACKGROUND: On April 26, 2018, the Hotel Occupancy Tax (HOT) Committee reviewed the sponsorship procedures and agreed to assume the responsibility to review and recommend sponsorship requests annually as the committee already does for the HOT program. DISCUSSION: During the September 27, 2018 Hotel Occupancy Tax Committee meeting, the Committee reviewed the sponsorship funding levels and budget requests. The Committee’s recommendations are attached. The available sponsorship funds for FY 2018-2019 total $87,500. General Fund budget $47,500 and the Electric Fund budget $40,000. These budgets are approved through the annual budget process and Finance has created a zero-balanced fund to manage the allocation of the approved requests. All approved City Sponsorships will be presented to the City Council as consent agenda items in a December meeting. Please do not hesitate to contact me if you have any questions. ATTACHMENT(S): City Sponsorship Program Financials STAFF CONTACT: Antonio Puente, Jr., Director of Finance (940) 349-7283 Antonion.Puente@cityofdenton.com FY 2017-18 To Date FY 2018-19 Requests FY 2018-19 Recommendations Sponsorship Budgets Electric Fund 50,000$ 40,000$ 40,000$ General Fund 47,500 47,500 47,500 Sponsorship Total Budget 97,500$ 87,500$ 87,500$ Expenditures: Denton African American Scholarship Foundation** (Black Film Festival)1,500$ 7,000$ 5,000$ Denton Black Chamber of Commerce** (Denton Blues Festival)3,000 3,500 3,500 Denton Black Chamber of Commerce Banquet 940 - - Denton Chamber of Commerce Banquet 625 - - Denton Community Market */** 2,000 - - Denton Community Market (Pawsitive Vibes Event)3,000 - - Denton Community Market (Harvest Day - Biannual Event)- 4,000 4,000 Denton County Livestock Association 400 400 400 Denton Festival Foundation** (Denton Arts & Jazz Festival)- 5,000 5,000 Denton Holiday Festival Association** (Denton Holiday Lighting)2,000 2,000 2,000 Explorium Denton** (Coffee Crawl Event)- 5,000 3,000 Greater Denton Arts Council** - 5,000 3,000 Hundred Club of Denton, TX Inc. Banquet 1,000 - - Kiwanis Club of Denton (Fireworks Show)40,000 50,000 40,000 NAACP Banquet 500 - - North Central Texas College Gala 400 - - North Texas State Fair Association** (N TX State Fair & Rodeo)5,000 5,000 5,000 Texas Filmmakers Corporation** (Thin Line Film Festival)5,000 10,000 10,000 65,365 96,900 80,900 Balance $32,135 -$9,400 $6,600 *Denton Community Market receives $9,150 annually from the general fund in a separate agreement. This request will roll over into this program in Fiscal Year 2019-20. **Organizations that receive HOT funds. CITY OF DENTON SPONSORSHIP PROGRAM Fiscal Year 2018 -19