2000-310 ORDINANCE NO ~0~7-~1B
AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT
BETWEEN THE CITY OF DENTON AND THE DENTON CHAMBER OF COMMERCE
(CONVENTION AND VISITORS BUREAU) FOR THE PAYMENT AND USE OF HOTEL
TAX REVENUE, AND PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
~ I That the Mayor is hereby anthonzed to execute an agreement between the
City of Denton and the Denton Chamber of Commerce for the payment and use of hotel tax
revenue, under the terms and conditions contained m the agreement, a copy of which is attached
hereto and made a part hereof
SECTION II That this ordinance shall become effective immediately upon its passage
and approval
P^SS D PROVEDthlsthe dayof ke bu'- ,2ooo
EULINE BROCK, MAYOR
ATTEST,
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
AGREEMENT BETWEEN THE CITY OF DENTON AND THE DENTON CHAMBER
OF COMMERCE (CONVENTION & VISITOR'S BUREAU) (CY2001) PROVIDING FOR
THE PAYMENT AND USE OF HOTEL TAX REVENUE
THIS AGREEMENT made between the City of Denton, Texas, a mumclpal corporatton
(the "CITY"), and the Denton Chamber of Commerce (Convention & Visitor's Bureau), a non-
profit corporataon incorporated under the laws of the State of Texas (the "BUREAU")
WHEREAS, TEx TAX CooE §351 002 authorizes the CITY to levy by ordinance a
mumc~pal hotel occupancy tax ("hotel tax") not exceeding seven pement (7%) of the consideration
pond by a hotel occupant, and
WHEREAS, by ordinance, the CITY has provided for the assessment and collection of a
mummpal hotel occupancy tax in the City of Denton of seven percent (7%), and
WHEREAS, TEX TAX COr)E §351 101(a) authorizes the CITY to use revenue from its
mumclpal hotel occupancy tax to promote tourism and the convention and hotel industry by
advertlsmg and conducting solicitations and promotional programs to attract tourists and convention
delegates or registrants to the mumclpahty or its mclmty, and by the acqmsltlon of sates for and the
construction, enlargement, reponnng, operation, and maintenance of visitor information centers, and
the furmsbang of faclhtaes, personnel, and materials for the registration of convention delegates or
registrants, and
WHEREAS, the BUREAU is well equipped to perform those actlvit~es through its Denton
Conven~on and Visitor's Bureau, and
WHEREAS, T~x TAX CODE §351 101(c) authorizes the CITY to delegate by contract with
the BUREAU, as an independent entity, the management and supervision of programs and actlmtles
of the type described herelnabove funded with revenue from the mumclpal hotel occupancy tax,
NOW, THEREFORE, in considerat~on of the performance of the mutual covenants and
promises contained herein, the CITY and the BUREAU agree and contract as follows
L HOTEL TAX REVENUE PAYMENT
1 1 Consideration. For and m conslderatlon of the actlvlttes to be performed by the BUREAU
under this Agreement, the CITY agrees to pay to the BUREAU a portton of the hotel tax revenue
collected by the CITY at the rates and in the manner specified herein (such payments by the CITY
to the BUREAU sometnnes herein referred to as the "agreed payments" or "hotel tax funds")
1 2 Amount of Payments
(a) As used in tins Agreement, the following terms shall have the following specific
meanings
(O The term "hotel tax revenue" shall mean the gross monies collected and
received by the City as municipal hotel occupancy tax at the rate of seven percent (7%) of
tho price prod for a room ~n a hotel, pursuant to Texas Tax Code §351 002 and City
Ordinance Hotel tax revenue will include penalty and ~nterest related to the late
payments of the tax revenue by the taxpayer
00 The term "Collectton period" wdl mean the collection period for the CITY's
fiscal year It will include hotel tax revenue due to the C~ty for the relevant fiscal year and
collected through the 22nd day of the month following the close of the relevant fiscal year
0n) The term "base payment amount" shall mean a net mount of money equal
to the total hotel tax revenue collected by the CITY dunng any relevant period of t~me (t e,
fiscal year or fiscal quarter), less (1) attorney and auditing costs ~ncurred dunng such
relevant period of t~me for costs of collection or auditing of hotel taxpayers Attorney and
auchtmg costs ~nclude fees prod to attorneys or agents not m the regular employ of the CITY
for which attorneys or agents effect comphance or collection of the hotel tax fi.om taxpayers,
and (2) court costs and other expenses lncun'ed ~n htlgat~on agmnst or aucht~ng of such
taxpayers
0v) The term "contract quarter" shall refer to any quarter of the calendar year m
which this Agreement is in force Contract quarters w~ll end on March 31st, June 30th,
September 30th, and December 31st of each contract year
(b) In return for satisfactory performance of the act~wtles set forth m this Agreement
and all attachments hereto, the CITY shall pay to BUREAU an amount of money ~n each
contract year equal to the lesser amount of Thirty-One and Thlrty-N~ne One Hundredths percent
(31 39%) of the annual base payment amount or the fixed contract amount of Three Hundred
Thirty-Seven Thousand and Forty-Nme Dollars ($337,049) Th~s amount will be divided rote
quarterly payments equal to 25% of the annual fixed contract amount, unless the CITY can show
with reasonable certainty that the annual base payment amount will be less than originally
estimated for the fiscal year The fourth quarterly payment will represent 25% of the fixed
contract amount or the unpmd remmnder of 31 39% of the base payment amount, whichever ~s
less Each quarterly payment is subject to receipt of unused funds from the prior contract period
and the receipt of the reqmred quarterly reports Each quarterly payment Is subject to receipt of
unused funds from the prior contract period and the receipt of the reqmred quarterly reports
1.3 Dates of Payments
(a) The term "quarterly payments" shall mean payments by the CITY to the BUREAU of
those amdunts specified m ¶1 2, above, as determined by the hotel tax revenue collected
(b) Each quarterly payment shall be prod upon receipt of the required reports and after the
25th day following the last day of the contract quarter If quarterly financial and performance
reports are not received within thirty (30) days of the end of the applicable contract quarter, the
recipient may be held m breach of ttus Agreement The CITY may w~thhold the quarterly
payment(s) untal the appropriate reports are received and approved, which approval shall not
unreasonably be w~thheld
Page 2
1 4 Other hmitations regarding consideration.
(a,) The funchng of this project an no way commits the CITY to future funthng of flus
program beyond the current contract period Any future funding ~s solely the responsibility of the
BL~EAU
CO) It is expressly understood that flus contract in no way obhgates the General Fund or any
other momes or crechts of the CITY
(e) CITY may w~thhold further allocations if CITY determines that BUREAU's
expenchtures deviate materially from thcur approved budget
IL USE OF ItOTEL TAX REVENUE
2.1 Use of Fnnds. For and in consideration of the payment by the CITY to the BUREAU ofthe
agreed payments of hotel tax funds specified above, the BUREAU agrees to use such hotel tax
funds only for advertasmg and conducting sohcltations and promotional programs to attract tourists
and convention delegates or registrants to the mumc~pahty or ~ts vmlmty, by the acquisition of sites
for and the construction, enlargement, repmnng, operation, and mmntonance of visitor reformation
centers, and the funustung of faclhtles, personnel, and materials for the registration of convention
delegates or registrants, as authorized by TEx T^x CooE §351 101(a) Funds for any calendar year
wluch are~ unused by rmdmght December 31st of that year shall be refimded to CITY Wlflun flurry
(30) days
2.2 Administrative Costs. The hotel tax funds received from the CITY by the BUREAU may
be spent for day-to-day operations, supphes, salaries, office rental, travel expenses, and other
admunstrat~ve costs that are incurred threctly m the performance by the BUREAU of those
activities specified in ¶2 1 above and are allowed by T~x T^x Coos §351 101(f)
2.3 Specific Restrictions on Use of Funds.
(a) That portion of total admnustrative costs of the BUREAU for which hotel tax funds
may be used shall not exceed that portion of the BUREAU's adrmmstrat~ve costs actually recurred
in conducting the actiwtles specified m ¶2 1 above
Co) Hotel tax funds may not be spent for travel for a person to attend an event or conduct
an actlwty the primary purpose of which is not directly related to the promotion of local tourism and
the convention and hotel ~ndustry or the performance of the person's job m an effiment and
professional manner
III. RECORDKEEPING AND REPORTING REQUIREMENTS
3.1 B~dget.
(a) The BUREAU shall prepare and subnut to thc City Manager of the CITY an annual
budget (~ee Exlublt "A") as approved by the City Council for each calendar year, for such
operations of the BUREAU m wtuch the hotel tax funds shall be used by the BUREAU Tlus
budget shall specifically ~dentify proposed expenthtures of hotel tax funds by the BUREAU In
Page 3
other words, the CITY should be able to au&t specffically where the funds m the separate account
relaUng to. hotel tax funds will be expended The CITY shall not pay to the BUREAU any hotel tax
revenues as set forth m SecUon I of th~s contract dunng any fiscal year of th~s Agreement unless a
budget for such respecttve fiscal year has been approved ~n writing by the Denton C~ty Coancfl
authorizing the expenchture of funds Fmlure to submit an annual budget may be considered a
breach of contract, and ~f not remedaed ~s considered grounds for term~naaon of flus Agreement as
stated m paragraph 4 2
(b) The BUREAU acknowledges that the approval of such budget by the Denton City
Council creates a fiduciary duty ~n the BUREAU w~th respect to the hotel tax funds pa~d by the
CITY to the BUREAU under tbas Agreement The BUREAU shall expend hotel tax funds only ~n
the manner and for the purposes specffied m th~s Agreement, TEX TAX CODE §351 101(a) and ~n
the budget as approved by the CITY
3.2 Separate Accounts. The BUREAU shall mmntmn any hotel tax funds prod to the
BUREAU by the CITY ~n a separate bank account w~th segregated accounting, such that any
reasonable person can rewew the source of expenditures of tax funds A bank reconcthaUon report
(see Extub~t "B") is reqmred w~th each quarterly report
3 3 Flnaneial Reeords. The BUREAU shall matntmn complete and accurate financial
records of each expenditure of the hotel tax funds made by the BUREAU These funds are required
to be classified as restricted funds for aurhted finanmal purposes, and may not be used for
supporting sermces, mcludmg, but not hm~ted to, auditing fees and attorney's fees Upon
reasonably advance written request of the Denton C~ty Council, the City Manager or designate, or
any other person, shall make such financial records avtulable for inspection and rewew by the party
malang the request BUREAU understands and accepts that all such financial records, and any
other records relating to ttna Agreement shall be subject to the Public Information Act, Tgx GOV'T
COD~, ch 552, as hereafter amended
3 4 Qlmrterly Reports. W~thm thirty days at~er the end of every contract quarter, BUREAU
shall furmsh to CITY (1) a performance report of the work performed under this Agreement
describing the acUvtt~es performed pursuant to this Agreement dunng that contract quarter, (2) a hst
of the expenchtures made with regard to hotel tax funds pursuant to Tex TAx COD£ {}351 101(c),
and (3) a copy of all financml records (eg. receipts, ~nvmces, bank statements, and other relevant
documentation) Both the performance and expenditure reports will be tn a form e~ther deterunned
or approved by the C~ty Manager or designate (see Exbablt "B") The BUREAU shall respond
promptly to any request from the C~ty Manager of the CITY, or designate, for additional
~nfonnaU0n relaUng to the activities performed under this Agreement
3 5 Notice of Meetings. The BUREAU shall give the C~ty Manager of the CITY reasonable
advance written not, ce of the t~me and place of all meetings of BUREAU's Board of D~rectors, as
well as any other meeting of any constituency of the BUREAU at wluch tins Agreement or any
matter the subject of ttus Agreement shall be considered Tlus prows~on shall not be deemed to
reqtnre the BUREAU to g~ve noUce of any executive session of the ExecuUve Committee of the
BUREAU
Page 4
IV. TERM AND TERMINATION
4.1 Term. The term of tins Agreement shall commence on January 1, 2001 and terminate at
rmdmght on December 31, 2001 Tins term shall be a period of one year
4.2 Termination Without Cause.
(a) This Agreement may be terminated by e~ther party, w~th or w~thout cause, by g~wng
the other party s~xty (60) days advance written not~ce
(b) In the event tins contract ~s terminated by e~ther party pursuant to Sectmn 4 2(a),
the CITY agrees to reimburse the BUREAU for any contractual obhgat~ons of the BUREAU
undertaken by the BUREAU ~n satisfactory performance of those act~wt~es specffied ~n ¶¶2 1
and 2 2 above and that were approved by the Counml through the budget, as noted m ¶3 1 Tins
re~mburseraent ~s cond~tmned upon such contractual obhgatmns hawng been recurred and
entered ~nto m the good faith performance of those servmes contemplated m ¶¶2 1 and 2 2 above,
and further conchtmned upon such contractual obhgatmns hawng a term not exceeding the full
term of tins Agreement Notw~thstanchng any prowsmn hereof to the contrary, the obhgatmn of
the CITY to reimburse the BUREAU or to assume thc performance of any contractual
obhgatmns of the BUREAU for or under any contract entered ~nto by the BUREAU as
contemplated hereto shall not exceed 66 2/3% of the current quarterly payment
(c) Further, upon termination pursuant to ¶4 2(a), the BUREAU wall promde the
CITY 1) W~tinn 10 business days from the termlnat~on notfficatmn, a short-term budget of
probable expenditures for the remaining 60 day period between termination notfficatmn and
contract termmatmn Tins budget wall be presented to Council for approval w~thm 10 bus~ness
days after receipt by CITY If formal approval is not g~ven w~thm 10 business days and the
budget does not contmn any expenditures that would be proininted by the Texas Tax Code, and
~s w~tinn the currant contractual period approved budget, thc budget will be considered
approved, 2) W~tinn 30 days, a full accounting of all expenditures not prewously and~ted by the
C~ty, 3) Within 5 bus~ness days of a request from the CITY, a hstlng of expenchtures that have
occurred s~nce the last required repomng period, 4) a final accounting of all expenditures and tax
funds on the day of terra.natron The BUREAU w~ll be obhgated to return any unused funds or
funds determined to be used unproperly Any use of remalmng funds by the BUREAU after
notfficatmn of term~natmn ~s conditioned upon such contractual obhgatmns hawng been ~ncurred
and entered into m the good froth performance of those servmes contemplated ~n 2 1 and 2 2
above, and further cond~tmned upon such contractual obhgatmns hawng a term not exceeding
the full term of tins Agreement
4.3 Automatic Terminatmn. Tins Agreement shall automatmally terminate upon the
occurrence of any of the following events
(a) The termlnatmn of the legal existence of thc BUREAU,
(b) The insolvency of the BUREAU, the fihng o£a petition ~n bankruptcy, c~ther voluntarily
or ~nvoluntanly, or an assignment by thc BUREAU for the benefit of creditors,
P~¢5
(c) The continuation of a broach of any of the terms or conditions of thts Agreement by
either the CITY or the BUREAU for more than tturty (30) days after written notice of such
breach as g~ven to the breaching party by the other party, or
(d) The failure of the BUREAU to submit a financial quarterly report which complies with
the reporting procedures reqtured herein and generally accepted accounting pnnclples prior
to the beginning of the next contract term, or quarterly as required by Section 1 3 hereof
4 4 Right to Immediate Termination Upon Lmgat~on. Notwithstanding any other provision
of~tlus Agreement, to nntlgate damages and to preserve evidence and issues for judicial
determination, either party shall have the nght to terminate flus Agreement upon ammediate
notlco to the other party in the event that any person has msUtuted llttgatton concerning the
actixatles of the non-terminating party, and the termlnatang party reasonably believes that
such acttvlttes are required or protublted under flus Agreement
4 $ In the event that th~s Agreement as terminated pursuant to ¶¶4 3 or 4 4, BUREAU agrees to
refund any and all unused funds, or funds determined by the CITY to have been used improperly,
within 30 Idays after termlnataon of this Agreement
V. GENERAL PROVISIONS
5 1 SUbcontract for Performunee of Serwees. Nothing in this Agreement shall protub~t, nor
be construed to probablt, the agreement by the BUREAU with another private entity, person, or
orgamzatton for the performance of those services descnbed in ¶2 1 above In the event that the
BUREAU enters into any arrangement, contractual or otherwise, w~th such other entity, person or
orgamzat~pn, the BUREAU shall cause such other entity, person, or orgamzatlon to adhere to,
conform to, and be subJeCt to all prowslons, terms, and conditions of ttus Agreement and to TEx
T^x Cor)I~ ch 351, including reporting reqturements, separate funds mamtenance, and llmatations
and probabltlons pertmmng to expenditure of the agreed payments and hotel tax funds
5 2 Independent Contractor The BUREAU shall operate as an independent contractor as to
all services to be performed under tins Agreement and not as an officer, agent, servant, or employee
of the CITY The BUREAU shall have exclusive control of its operations and performance of
serwces hereunder, and such persons, ent~tles, or orgamzatlons performing the same and the
BUREAU shall be solely responsible for the acts and omissions of its direCtors, officers, employees,
agents, and subcontractors The BUREAU shall not be considered a partner or joint venturer with
the CITY, nor shall the BUREAU be considered nor m any manner hold itself out as an agent or
official representative of the CITY
5.3 Indemnification THE BUREAU AGREES TO INDEMNIFY, HOLD HARMLESS,
AND DE,rEND THE CITY, ITS OFFICERS, AGENTS, AND EMPLOYEES FROM AND
AGAINS~ ANY AND ALL CLAIMS OR SUITS FOR INJURIES, DAMAGE, LOSS, OR
LIABILITY OF WHATEVER KIND OR CHARACTER, ARISING OUT OF OR IN
CONNECTION WITH THE PERFORMANCE BY THE BUREAU OR THOSE SERVICES
CONTEMPLATED BY THIS AGREEMENT, INCLUDING ALL SUCH CLAIMS OR
CAUSES OF ACTION BASED UPON COMMON, CONSTITUTIONAL OR STATUTORY
LAW, OR BASED, IN WHOLE OR IN PART, UPON ALLEGATIONS OF NEGLIGENT
Page 6
OR INTENTIONAL ACTS OF BUREAU, ITS OFFICERS, EMPLOYEES, AGENTS,
SUBCONTRACTORS, LICENSEES AND INVITEES
5.4 Assignment~ The BUREAU shall not assign flus Agreement without first obttumng the
written consent of the CITY
5.5 Notice. Any not,ce reqmred to be g~ven under flus Agreement or any statute, ordmance, or
regulation, shall be effective when g~ven m writing and deposited m the Umted States mtul, cemfled
mml, return receipt requested, or by hand-dehvery, addressed to the respective part,es as follows
CITY BUREAU
C~ty of Denton Denton Chamber of Commerce
215 E MeKmney Denton Convention & V~s~tor's Bureau
Denton, TX 76201 Christine Gossett
V~ce President
P O Box Drawer P
Denton, Texas 76202-1719
5.6 Inurement. Tfus Agreement and each provls~on hereof, and each and every right, duty,
obligation, and hablhty set forth hereto shall be bmrhng upon and mure to the benefit and obhgat~on
of the CITY and the BUREAU and their mspect~ve successors and assigns
5.7 Applleatmn of Laws All terms, conrht~ons, and provisions of th~s Agreement are subJeCt
to all apphcable federal laws, state laws, the Charter of the City of Denton, all orrhnances passed
pursuant thereto, and all juchcml detennmat~ons relative thereto
5.8 Exeinsive Agreement. Tins Agreement contains the entire understanding and conmtutes
the entire agreement between the part, es hereto concemmg the subject matter continued hereto
There are no representattons, agreements, arrangements, or understanrhngs, oral or written, express
or ~mphed, between or among the part, es hereto, relating to the subject matter of ttus Agreement,
whmh are not fully expressed hereto The terms and conditions of thru Agreement shall prevad
notwithstanding any variance m tins Agreement from the terms and conditions of any other
document relating to thts transaction or these transactions
5 9 Duplicate Originals. Th~s Agreement ~s executed ~n duphcate originals
5 10 Headings. The headings and subheadings of the various sections and paragraphs of flus
Agreement are mserted merely for the purpose of convemence and do not express or nnply any
hnutatxon, defnnt~on, or extension of the specific terms of the section and paragraph so designated
5.11 Severability. If any section, subsection, paragraph, sentence, clause, phrase or word in flus
Agreement, or apphcat~on thereof to any person or c~rcumstance ~s held ~nval~d by any court of
competent junschetton, such holding shall not affect the vahd~ty of the remmmng port~ons of th~s
Agreement, and the part, es hereby declare they would have enacted such remmmng pomons despite
any such invalidity
Page 7
5 12 Insurance The BUREAU shall, at a mtmmum, provide insurance as follows
$500,000 Commercml General Llabthty
Statutoq/ Workers' Compensation and Employers' L~aluhty
($100,000/$500,000/$100,000)
$500,000 Business Automobile Llabthty on any owned, non-owned or lured
velucles
The CITY must be named as an adcht~onal insured on all pohcms (except Workers' Compensatton)
and proof of coverage shall be subnutted prior to any payment by the CITY
5 13 Supersedure. Tlus Agreement supersedes all prior agreements between the partms hereto
relating to hotel tax funding, mcludmg, but not ltmlted to the three-year agreement executed on
December 8, 1998
EXECUTED tlus ._~ day of ¢ ,~t~_p.,f- ,2000
THE CITY OF DENTON, TEXAS
EULINE BROCK, MAYOR
DENTON CHAMBER OF COMMERCE
President
ATTEST APPROVED AS TO LEGAL FORM
By By
Secretary
Page 8
Denton Convention & V,s~tor Bureau
Budget
Program Year 2001
Program / Activity Amount
Advertising
Print Advertising DFWATC V~s~tor Guide 52,071
TX Monthly Fall Travel Planner
TX Monthly Sprng Travel Planner
AAA Texas Journal 1/6 pg 2x
Southern L~wng(Spr~ng Try Plnr)
Southern L~wng ( Fall D~rectory, 4"
T'I'IA See Texas F~rst Fall1/8 pg
TTIA See Texas F~rst Spr~ng 1/8 pg
Brochure ads ~n TTIA Fall/Spnng
Texas Super Secbon Ad ( 9 Pub )
Yearly rate ~nc/rspns pstg/m~sc exp
New Ads ~n 2001
Ad Design Fees
Convenbon Convenbon Advertising 1,000
Advertising Convention Promobon Events 600
Convention Trade Shows 250
Tourism Promotion V~s~tor Guide & 8,400
Mater~al Contract Services
V~s~tor V~deo Cop;es
Specialty Items
Photos/Shdes
Marquee B~llboard 1-35E -- south of Denton 27,700
Rental
Changeouts
Brochures New 100,000 cop~es 25,000
Travel Shows TTIA Travel Show 1,400
McAIlen Int'l Trade Show
DFWATC Okla C~ty A~r Show
DFWATC Shrevepod
Memberships/
Subscnpt~ons/Mtgs TTIA - Membership 1,650
TTIA - Travel Summit
DFWATC- Membership
Denton Area Tounsm Alliance
Tounsm Services Hospitality Training - Supphes 26,300
~,dv~sory Board Meebngs - Supplies
Tounsm Week
Custom FAM Tours
DFWATC FAM Tours
Website/Contract Fees
~,nderson/Hanson Pubhc~ty
DFW Reg F~lm vlernbersh~p 3,615
Commission 'avel and photos
Special Projects Special Projects 2,200
Special event prorno/ad opptunlty
Co-billboard
TOTAL 150,186
Adm,nlstration
Salaries D~rector/Adm~n Assr/Info Asst 88,252
Salary - Temporary Staff/intern 1,000
Salary - Accounting 4,600
Admlmstrat~ve Costs/ Retirement-director 2,001
Office Supplies/Equip Car Allowance 4,200
Payroll Taxes 8,650
Health insurance 6,530
L~ab~hty Insurance 0
Travel & Training 3,250
Computer Equipment 2,500
Copy Machine-cost share 500
Warehouse storage 600
Office Supphes 3,500
Telephone Service/Toll Free L~ne 7,500
Telephone Metro Service 1,200
Printing 1,200
Postage 5,000
Office Space 0
Convenbon Sohcltat~on/Travel 250
Convention Service 1,900
Membersh~p/SubscrptJMtgs 2,030
TACVB -- Membership
TACVB -- Conference
TACVB -- Education Seminars
THMA- Membership
TOTAL t44,663
Sub-Total $ 294,849
Art
N/A
Buildings
N/A
TOTAL
Historical
N/A
BUDGET FOR SPORTS MARKETING
Convention/Trade Shows $ 1,150
ADVERTISING I USOC
$ 1,150
TOTAL
ADMINISTRATION 1 ~$
Sports Sales Mgr $ 30,000
Health Insurance 3,300
Payrolt Taxes 4,800
M~leage Reimbursement - avg 154
m~les/month 600
~ $ 38,700
TOTAL
B~d Presentatton/Travel 1,000
Membershtps/Prof Dev 2,350
NASC - Membership/Conference
TACVB - Membership/ Conference
AAU Membership $ 3,350
TOTAL
Sub.Total for Sports M~ 43,200
GRAND TOTAL CONVENTION &VISITOR BUREAU $ 338,049
(Th~s total ~ncludes $I 000 ~nterest
income estimated for 200~1)
Exhibit B
DENTON CONVENTION & VISITORS BUREAU
FINANCIAL REPORT
Program Year 2001
1ST 2ND 3RD 4TH~
QUARTER QUARTER QUARTER QUARTER to vs
SEP) DATE ACTUAL
$o $o $o $o $o $o
$0 $0 $0 $0 $0 $337,049
0 0 0 0 0 1,000
$o $o $o $o
$ $ $ $ $ $ 52,071
1,850
8,400
27,700
25,000
1,400
1,650
26,300
3,615
2,200
$ $ $ $ $ 150,186
$ $ $ $ $ $ 88,252
1,000
4,600
2,001
4,200
8,650
6,530
3,250
2,500
500
600
3 500
8,700
1,200
5,000
250
1,900
$ $ $ $ $ $ 144,663
Exhibit B
$o $o $o $o
$ $ $ $ $ $ 30,000
3,300
4,800
600
1,000
2,350
$ $ $ $ 42,050
0 0 0 0 0 338,049
$0
$o $o $o $o $o $o
0 0 0 0 0 0
0 0 0 0 0 0
0 0
$o
Data Submitted Program Director