Town of Blowing Rock
Tourism
Development Authority
Minutes – June
26, 2006
Call to Order
Chairperson Keele called the meeting to order and welcomed the Authority members. He stated the purpose of the meeting was to discuss year-end FY 2005-06 Budget issues.
Year-end Budget
Finance Director Margaret Pierce reviewed a proposed budget amendment with the Authority to make end of fiscal year budget adjustments to various line-items, including goal setting and direction activities and tourism infrastructure.
It was the consensus of the Authority to modify the TDA Fund Balance Policy, which was adopted on May 15, 2006, and transfer the 1/3rd tourism infrastructure balance to the Town in lieu of placing the amount in TDA fund balance reserve. The Authority agreed that the Town would be responsible for guarding against the risk of not meeting TDA budget protections; and, TDA fund balance reserve would only include monies for the 2/3rd TDA promotions.
Motion by Vice-Chair Tarbutton and second by Member Pickett to approve the year-end FY 2005-06 budget amendment (Attachment #1). Unanimously approved.
Other
The Authority briefly expressed some concern with the new visitor map being developed by the Blowing Rock Chamber of Commerce. Vice-Chairperson Tarbutton stated that the proposed map did not reflect the desires of the Marketing Committee or the former Blowing Rock Merchants Association as expressed in the development process. He advised that he had scheduled a meeting with Chamber Executive Director Hardin to further discuss the matter.
The Authority then discussed plans for the development of a visitor map for later in the calendar year.
Adjournment
Upon motion of Member Pickett and second by Member Tester, the Authority adjourned the meeting at 9:15 a.m. Motion unanimously approved.
______________________________
Scott E. Hildebran, Secretary
Attachment
#1 – FY 2005-06
Budget Amendment