TO: Board of Supervisors
FROM: Tracy Schulze, Auditor-Controller
REPORT BY: Christine Hernandez, Internal Audit & Grant Compliance Manager
SUBJECT: Napa Valley Tourism Improvement District Mid-Year Review for period of July 1, 2024 - December 31, 2024
RECOMMENDATION
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Accept and instruct Clerk of the Board to file the Napa Valley Tourism Improvement District (NVTID) Mid-Year Review for the period of July 1, 2024 - December 31, 2024. (Fiscal Impact: None, Discretionary)
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BACKGROUND
As outlined in Section VII - Governance of the Management District Plan, the Napa County Auditor-Controller (ACO) is authorized to review the Tourism Improvement District assessment collections and disbursements for the jurisdictions of Calistoga, St. Helena, Yountville, City of Napa, American Canyon, and Unincorporated County. Upon completion of the review, a report is presented to the Board of Supervisors at least annually.
To facilitate the ACO review, each jurisdiction is required to submit a single-page financial report that includes the following:
* Total Transient Occupancy Tax (TOT) collected for the period under review
* Total TID assessment collected
* Disbursements for the 74%, 25%, and 1% of TID mandated by the Plan
In addition, the local governing committees must provide a single-page financial report detailing revenue and expenses for the 25% disbursement of TID, which includes:
* The Budget vs. Actuals as approved
* Minutes from committee meetings that demonstrate approval of the annual budget and all expenditures
For this mid-year review, the jurisdictions and Local Governing Committees (LGCs) were requested to provide financial reports for the period of July 1, 2024 - December 31, 2024. After reviewing the submitted financial reports and supporting documentation, we are confident that the collection and disbursement of TID assessment funds comply with the requirements outlined in the Plan. The City of Calistoga LGC was unable to provide a financial...
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