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HomeMy WebLinkAboutII. C. FY 2025- 26 RESOURCE MANAGEMENT PLAN ( BUDGET) 1. CONVENTION & VISITOR' S BUREAU 4.29.2025PROPOSED FY 2025-26 OPERATING BUDGET City of Virginia Beach Nancy Helman, Director Convention & Visitors Bureau April 29, 2025 Department Organization Summary •Total FTEs •Total FTEs •Number of Divisions •Total FY 2024-25 Budget •Number of Divisions •Total FY 2024-25 Budget Total FTEs Number of Divisions Total FY 2025-26 Budget 116.42 9 $40,339,490 2 FY 2025-26 Programmatic Budget •Total FTEs •Total FTEs •Number of Divisions •Total FY 2024-25 Budget •Number of Divisions •Total FY 2024-25 Budget 3 Programming and Operations, $7,399,955.00 , 18% Resort Management, $10,501,496.00 , 26% Marketing, $13,194,042.00 , 33%Admin and Support, $2,643,676.00 , 7% Sports Marketing, $2,287,097.00 , 6% Convention Marketing, $1,637,561.00 , 4% Convention Services, $880,226.00 , 2% Tourism Marketing, $798,320.00 , 2% Visitor Information Center, $685,066.00 , 2%Transfer / Reserves, $152,723.00 , 0% PROPOSED Department Operating Budget Summary-General Fund 4 Program FY2024-25 Amended FY 2024-25 FTE FY 2025-26 Proposed FY 2025-26 FTE Change ($)Change (%) Admin and Support $1,579,724 11 $1,599,966 11 20,242 1.28% Programming and Operations $7,294,005 55.89 $7,399,955 53.17 105,950 1.45% Special Events $156,720 2 $159,328 2 2,608 1.66% Marketing $25,702 -$24,367 -(1,335)(5.19%) Convention Services $0 -$329,236 3 329,236 - Sports Marketing $805,630 8 $836,316 8 30,686 3.81% Convention Marketing $1,176,463 10 $846,434 7 (330,029)(28.05%) Tourism Marketing $494,316 4 $440,402 3 (53,914)(10.91%) Total $11,532,560 90.89 $11,636,004 87.17 103,444 0.89% Department Operating Budget Summary- TAP Fund Program FY2024-25 Amended FY 2024-25 FTE FY 2025-26 Proposed FY 2025-26 FTE Change ($)Change (%) Admin and Support $2,258,438 1 $1,043,710 1 (1,214,728)(53.78%) Marketing $11,578,561 12 $12,554,779 12 976,218 8.43% Convention Services $--$550,990 -550,990 - Sports Marketing $1,250,781 -$1,450,781 -200,000 15.99% Convention Marketing $1,251,832 -$791,127 -(460,705)(36.80%) Tourism Marketing $698,203 -$357,918 -(340,285)(48.74%) Visitor Information Center $603,205 5.39 $685,066 6.25 81,861 13.57% Transfers $57,083 -$57,083 --- Reserves $--$58,720 -58,720 - Total $17,698,103 18.39 $17,550,174 19.25 (147,929)*(0.84%) *Dedicated Revenues did not decrease. The fund is using less fund balance.5 Department Operating Budget Summary-TIP Fund 6 Program FY2024-25 Amended FY 2024-25 FTE FY 2025-26 Proposed FY 2025-26 FTE Change ($)Change (%) Resort Management $12,164,401 10 $10,501,496 10 (1,662,905)(13.67%) Marketing $551,940 -$614,896 -62,956 11.41% Reserves $--$36,920 -36,920 - Total $12,716,341 10 $11,153,312 10 (1,563,029)(12.29%) Major Changes Virginia Beach Convention Center and Sport Center Campus •Sports Center CIP (100466) •Completion and opening of Sports Center Storage Facility •Convention Center CIP (100138) •Development of long-range, detailed CIP plan for significant renovation of aging facility General Fund •GF Position Reductions – (3.72 FTEs) ($174,903) •Reorganization within the Department to create organizational efficiencies •Police Off Duty Management $200,000 (Net Zero) •Ensure that Police presence will be present at every event booked at the Convention Center and the cost will be offset by payment from event promoters •Convention Center Revenues $201,733 •Many fees are being adjusted for the first time since FY 18-19 to align with the increased cost to provide services prior and during events 7 Major Changes Cont. TIP Fund •Beach Ambassador Program Contract Increase- $214,613 •Cost increases due to inflation and labor require additional funding to ensure staffing need for the program are met. •Special Event Permitting Application Processing Fee Increase $150,000 •The fees are being update for the first time in 20 years t o more accurately reflect staff time associated with processing the applications. •One Day Events from $75 to $150 •Two Day or More Events $250 to $500 TAP Fund •Mobile Kiosk Staffing 0.86 FTE $30,327 •Additional staffing hours needed to transport Mobile kiosks and manage them at various events throughout the City 8 Initiatives Underway and Conclusion •Marketing •Mindful stimulus campaigns to combat inflation, consumer concerns and federal mandates. •Website development Phase I (ADA Compliance) and Phase II (brand and content overhaul). •Resort Management •Onboard of Atlantic Park as part of larger transportation, security and activation sites in the resort area. •Implementation of improved online permit process to include increased administrative application fees. •Development of new Labor Day Programming concepts. •Sales, Tourism & Destination Services •Assess and expand sales markets to attract increased meetings and conventions business •Continue modernizing destination services to elevate engagement and align on visitor expectations through mobile kiosks and flexible service options. 9