TO: Board of Supervisors
FROM: Ryan J. Alsop, County Executive Officer
REPORT BY: Becky Craig, Assistant County Executive Officer
SUBJECT: Fiscal Year 2024-25 Napa Valley Tourism Improvement District Budget
RECOMMENDATION
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PUBLIC HEARING 2:00 PM - Fiscal Year 2024-25 Napa Valley Tourism Improvement District Budget
Conduct a Public Hearing to consider testimony on the Fiscal Year 2024-25 Recommended Budget for a total appropriation of $8.5 million. (Fiscal Impact: net zero; NVTID; Discretionary)
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BACKGROUND
The recommended budget for Fiscal Year 2024-25 for the Napa Valley Tourism Improvement District - Countywide constitutes $8.5 million appropriations, offset by a 1.75% assessment on short-term room rentals at lodging businesses. The budget is an estimate and only revenue received will be distributed.
Procedural Requirements:
1. Open Public Hearing.
2. Staff reports.
3. Public comment.
4. Close Public Hearing.
5. Continue item to Tuesday, June 25, 2024 consent calendar.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
Yes |
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Is it currently budgeted? |
No |
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Where is it budgeted? |
Fund 2830 |
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Is it Mandatory or Discretionary? |
Discretionary |
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Discretionary Justification: |
Establishing the Annual Budget |
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Is the general fund affected? |
No |
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Future fiscal impact: |
Revenues pass through to NVTID. |
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Consequences if not approved: |
Authority will not exist to process payments. |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.