TDC Board Book May 11, 2023

Palm Beach County

Tourist Development Council Board Book

May 11, 2023

Table of Contents

(Seat)

(1) Commissioner Maria Sachs, Chair (1/14/21)

(4) Jim Bronstien, Vice Chair(9/30/26) Appt(3/1/95) ReApp(9/18/18) Dis.3

(2)Roger Amidon Appt(9/30/25)Dist. 1

(3) Jim Mostad (9/30/20) Appt (10/16/19), Dis. 2, St 3

(5)Daniel Hostettler(0930/23) Appt (05/18/21). Dis 4.

(6)Commissioner Adam Frankel (9/30/24) Appt (03/08/22)[Dis.5]

(7)Don Dufresne (9/30/23) Apt(6/5/12) ReAp(5/3/16)&(8/20/19) Dis6

(8) Davicka N. Thompson (9/30/2024) Appt(12/6/16)RdAppt(8/25/20) [Dis.7]

(9) Commissioner Christina Lambert Appt (10/01/22)- (9/30/26) At-Large

STAFF

Verdenia C. Baker, County Administrator

Liz Herman, Assistant County Attorney

Dave Lawrence, Culture

George Linley, Sports

Michelle Hillery, Film & TV

Jorge Pesquera, Discover

Deborah Drum, ERM

Dave Anderson, PBCCC

Kathy Griffin, PBCCC

Vacant, TDC

Emanuel Perry, TDC

Joan Hutchinson, TDC

Vannette Youyoute, TDC

O:\TDC MEETINGS\TDCMtgs2023\Generic Pages for Board Book\attendnc

** Reappointment during current year

NA- Does not count towards attendance.

P/W - Workshop P/S - Special Meeting

TOURIST DEVELOPMENT COUNCIL

Thursday, May 11, 2023 – 9:00 A.M.

2195 Southern Boulevard

West Palm Beach, Florida 33406

AGENDA

1. ROLL CALL*

2. MOTION TO APPROVE AGENDA ADDITIONS AND DELETIONS*

3. MOTION TO APPROVE APRIL 13TH TDC MEETING MINUTES*

4. MOTION TO RECEIVE AND FILE CONSENT ITEMS FOR MAY 2023*

MARKETING AGENCIES REPORTING

A. DTPB ACTIVITY REPORT*

B. CULTURAL COUNCIL ACTIVITY REPORT*

C. SPORTS COMMISSION ACTIVITY REPORT*

D. FILM & TV MONTHLY NEWSLETTER*

E. FILM & TV PRODUCTION REPORT*

F. FILM & TV COMMISSION PRODUCTION HISTORY*

PBC CONVENTION CENTER OPERATING REPORTS

G. CONVENTION CENTER INCOME STATEMENT & FINANCIAL OPERATIONS ANALYSIS COMPARED TO BUDGET & PRIOR YEAR*

H. CONVENTION CENTER MARKETING UPDATE*

I. CONVENTION CENTER “PACE” REVENUE REPORT*

OTHER TDC-SUPPORTED AGENCY/DEPARTMENTS REPORTS

J. ERM PROJECT STATUS REPORT*

K. PBI TRAFFIC REPORT*

L. CONTRACT TRACKING REPORT*

M. SEMIANNUAL PERFORMANCE MEASURES*

N. AGENCIES QUARTERLY REPORTS 3.31.2023*

5. OLD BUSINESS – DISCUSSION ITEMS

A. TDC TOURISM PERFORMANCE METRICS

1. TDC DASHBOARD CURRENT MONTH & FY2023* - Emanuel Perry

a. Bed Tax Collections*

b. Report Out Metrics*

B. PBI UPDATE – Laura Beebe

C. AGENCIES AND CONVENTION CENTER FY2022 AUDIT REPORTS* -

Emanuel Perry - MOTION TO APPROVE

D. AGENCIES FY24 ORGANIZATIONAL CHARTS*Emanuel Perry – MOTION TO APPROVE

6. NEW BUSINESS – DISCUSSION ITEMS

A. TOURISM MASTER PLAN UPDATE – Emanuel Perry

B. ERM

1. Update – Deb Drum

C. DISCOVER

1. Update – Evan Lomrantz

2. MARTECH Presentation – 5 Minutes – Bryan Glynn

D. SPORTS COMMISSION

1. The Category “G” Grant Agreements* - MOTION TO APPROVE

2. Update – David Fontanarosa

1. MOSAIC Update – Jennifer Sullivan

2. Update – Dave Lawrence

F. FILM & TV

1. Update – Michelle Hillery

G. CONVENTION CENTER

1. OVG Venue Management

a. Update- Dave Anderson

a. Update – Kathy Griffin

The next Meeting will be on June 8, 2023.

*Attachment included.

Tdc/tdcmtgs2023/Agenda 5 11.2023

1. ROLL CALL*

Present

TOURIST DEVELOPMENT COUNCIL

Thursday, April 13, 2023 – 9:00 A.M.

MINUTES

Absent

Commissioner Maria Sachs, Chair Daniel Hostettler

Jim Bronstien, Vice Chair

Jim Mostad

Don Dufresne

Roger Amidon

Commissioner Adam Frankel

Commissioner Christina Lambert

Davicka Thompson

STAFF

Verdenia Baker, County Administrator/by phone

Liz Herman, Assistant County Attorney

Joan Hutchinson, Tourist Development Council

Emanuel Perry, Tourist Development Council

Patricia Ramirez, Tourist Development Council

Vannette Youyoute, Tourist Development Council

Dave Lawrence, Cultural Council

Jennifer Sullivan. Cultural Council

Lauren Perry, Cultural Council

George Linley, PBC Sports Commission

David Fontanarosa, PBC Sports Commission

Michael Zeff, PBC Sports Commission

Michelle Hillery, Film & TV Commission

Alberto Jordat, Film & TV Commission

Jorge Pesquera, Discover The Palm Beaches

Milton Segarra, Discover The Palm Beaches

Aly Fernandez, Discover The Palm Beaches

Jaimie Hart, Discover The Palm Beaches

Beril Gutierrez, Discover The Palm Beaches

Evan Lomrantz, Discover The Palm Beaches

Gustav Weibull, Discover The Palm Beaches

Deborah Drum, ERM

Matt Mitchell, ERM

Dave Anderson, Convention Center/Spectra Venue Management

Kathy Griffin, Convention Center/Spectra Hospitality

Laura Beebe, PBI Airports

Paul Connell, PBC Parks & Recreation

Other

Diane Quinn, Kravis Center Performance Arts

Travis Ballard, State Representative Jervonte Edmonds

Elena Peroulakis, Wyndham Grand Jupiter

Kathleen Cad-Manar, Wyndham Grand Jupiter

Jodi Cross, FRLA

Leigh Bennett, Visit Florida

2. MOTION TO APPROVE AGENDA ADDITIONS AND DELETIONS*

Motion to approve Agenda was made by Roger Amidon and seconded by Davicka Thompson. Motion carried 6-0 with Jim Bronstien, Don Dufresne, and Daniel Hostettler absent.

3. MOTION TO APPROVE FEBRUARY 9th, 2023 TDC MEETING MINUTES*

Motion to approve the February 9th, TDC Meeting Minutes was made by Commissioner Adam Frankel and seconded by Jim Mostad. Motion carried 6-0 with Jim Bronstien, Don Dufresne, and Daniel Hostettler absent.

4. MOTION TO RECEIVE AND FILE CONSENT ITEMS FOR MARCH 2023 emailed to the Board and APRIL 2023 included under this Agenda*

MARKETING AGENCIES REPORTING

A. DTPB ACTIVITY REPORT*

B. CULTURAL COUNCIL ACTIVITY REPORT*

C. SPORTS COMMISSION ACTIVITY REPORT*

D. FILM & TV MONTHLY NEWSLETTER*

E. FILM & TV PRODUCTION REPORT*

PBC CONVENTION CENTER OPERATING REPORTS

F. CONVENTION CENTER INCOME STATEMENT & FINANCIAL OPERATIONS ANALYSIS COMPARED TO BUDGET & PRIOR YEAR*

G. CONVENTION CENTER MARKETING UPDATE*

H. CONVENTION CENTER “PACE” REVENUE REPORT*

OTHER TDC-SUPPORTED AGENCY/DEPARTMENTS REPORTS

I. ERM PROJECT STATUS REPORT*

J. PBI TRAFFIC REPORT*

K. CONTRACT TRACKING REPORT*

Motion to receive and file Consent items for March and April was made by Jim Mostad and seconded by Commissioner Adam Frankel. Motion carried 6-0 with Jim Bronstien, Don Dufresne, and Daniel Hostettler absent

5. OLD BUSINESS – DISCUSSION ITEMS

A. TDC TOURISM PERFORMANCE METRICS

1. TDC DASHBOARD CURRENT MONTH & FY2023* - Emanuel Perry

a. Bed Tax Collections*

b. Report Out Metrics*

Perry

Bed Tax Collection – February 2023 collected in March was $11.2M compared to the same month last year at $9.9M, a 13% increase. Actual February was 20% above budget and 21% above the prior month at $9.2M. Actual February was 60% higher than 2019, a new record for any February since reporting started.

FYTD 23 Collections at $44M, was higher than last fiscal year to date at $38M by 15%, reflecting a strong recovery from the pandemic. FYT collections at $44M are pacing 10% ahead of the Approved Budget and 55% higher than our record in 2019.

The Rooms sold for February were 440,255, 5% higher than last year. Rooms available for February at 527,884 are 2% higher than last year. Hotel Rooms Active today in the County 18,853.

Occupancy for February 2023 was 83.4%, 3% over last year. Occupancy for February 2022 was 81.2%. February 2019 was 85.6%. The average daily rate for February was $363.79, 5.7% higher than last year, and 36% higher than in 2019. The Revenue/Available Room for February 2023 was $303.45 higher than the prior February by 8.5%.

Hotel room net sales FY23 year over year February increased 9% at $154M compared to $142M. Non-hotel room sales FY23 year over year February increased 18% at $30M compared to $25M. Hotel room net sales FYTD 2023 increased 16% at $614M compared to $531M. Non-Hotel room sales FYTD 2023 increased 14% at $121M compared to $106M. FYTD 2023 Taxable Revenues Fiscal Year over FY2022 increased 15% at $735M compared to $637M. FYTD 2023 Taxable Revenues Fiscal Year over FY2019 increased 58% at $735M compared to $467M.

Airport passengers for February 2023 were 694,802, 15% higher than in February 2022, and the Total Estimated Seat Capacity at 16% higher than last February 2022 with 831,920 seats. PBI Passenger 12-month rolling is an 18% increase at 6,906,007 over last year.

Leisure & Hospitality Employment for February, at 98,700, increased 10% over the same month last year. Accommodation employment went up 12% higher over last year at 10,900 employees. F&B was up 16% at 67,400 employees. Arts & Entertainment employment is (6%) lower than last year at 20,400 employees.

Beebe

For the month of December, we were up about 8% of total passengers. In January we were up 32% over 2022.

February 2022 we were up 15%. We are approaching a total year-over-year passenger rate of almost 7M We may hit that this month in March over the prior year. Our air carrier operations were up for December by 2%, January by 10%, and February by 12%.

B. PBI UPDATE – Laura Beebe

Jim Bronstien and Don Dufresne arrived at 9:05 A.M.

We were slightly down in general aviation operations by (2%). We also have a new service with Avelo Airlines starting on June 15th. They are going to Wilmington, North Carolina. We also have increased national service with Allegiant starting in October, they will be flying here four times instead of two times weekly.

There were some questions in the last meeting about our advertising program and the screens of each gate backdrop Those screens are for use by the airlines. Several airline preferential gates are there for their exclusive use. The remaining gates are operated by the department. They are connected to our community-backed processing system. They are not attached to our advertising system. They are two different systems. We have a robust advertising system and have been working with Discover The Palm Beaches a lot.

TDC has four screens, and you are getting ready to put two additional screens at the airport baggage claim, Discover The Palm Beaches logo is everywhere. Any vacant spaces that are not used are allowed to be used for tourism messages, we are not allowed to use them for commercial advertising. We can do airport services and airport programs, tourism messages, but not for advertising.

We also provide reduced rates for County partner agencies and nonprofits, including the Cultural Council, Film & TV, and Sports Commission. If you are not taking advantage of those lower rates, get in touch with us and we will connect you to the right people to do that.

We are also working with Discover right now to come up with a reimagined visitor center and baggage claim. We are looking to do something a little bit more interactive.

Bronstien

Any movement on the renovation of the customs building?

Beebe

We do have some funding for renovations. Are you talking about general aviation or commercial service or customs?

Bronstien

Private general aviation.

Beebe

For Private General Aviation, one building needs to be rebuilt. We have funding in place for that and construction will start in the next couple of years. We are also working on a design for the upgrade of our commercial service customs facility, which will be an expansion.

We are also working on our big project right now, the expansion of Concourse B, and when it is done, it will be fantastic. If you have not seen the pictures, go to our website and look.

Pesquera

Just a statement of appreciation for Laura Beebe and her team for their collaboration and cooperation, our activation in New York was probably one of the highlights that demonstrated how well we work with PBI. We think PBI can play a bigger role in tourism for Palm Beach County. We are sharing some data points from the research standpoint. It is just a great effort there. And Laura helped us bring a great conference here

Beebe

We are doing a lot of co-op advertising. We are sponsoring the Florida Airports Council in July 2023. It should bring a lot of people in from around Florida and from other states.

C. FY23 FORECAST & FY24 BUDGET* - MOTION TO APPROVE - Emanuel Perry

D. FY24 PROGRAM ADMINISTRATION BUDGETS* - MOTION TO APPROVE – Emanuel Perry

E. FY24 PERFORMANCE MEASURES* - MOTION TO APPROVE - Emanuel Perry

Perry

The Finance Committee met twice in February and once in March and came up with a budget that would help our agency stay competitive in the markets in which they operate.

Our forecast was for $80M and we are budgeting for 2024 $82M. I am seeking a motion to approve the FY2023 Forecast and Budget FY2024 Program Administration Budgets and FY24 Performance Measures.

Motion to approve FY2023 Forecast & FY2024 Budget, FY2024 Program Administration Budgets, and FY2024 Performance Measure was made by Jim Bronstien and seconded by Roger Amidon. Motion carried 7-1-0 With Don Dufresne opposed and Daniel Hostettler absent.

F. HB 5 & HB 7053 UPDATE – Open Discussion

Perry

There are two bills currently at the Capitol in Tallahassee. HB 5, which targets Enterprise Florida and will have a major impact on our Film and Sports Commissions, also the HB 7053 bill which will have an impact on everyone in this room as far as the

allocation of Tourist Development Tax. In it, all urban counties would pay 5% to fund Visit Florida, and rural counties will pay 2% to fund Visit Florida.

Commissioner Sachs

As far as I have read, they are not going through the Senate yet. We are halfway through the session, and anything can happen until early May.

Amidon

The issue about Visit Florida is presented each year and we thought we had some success last year by getting the contract extended and thinking that the funding was going to follow automatically, but no.

If it does move forward this year there is no guarantee that it will be funded next year. I think it is going to be inevitable and funding is probably going to go away from Enterprise Florida. I know there is that tug-of-war between Enterprise and Visit Florida. I am hoping that the funding will continue.

Dufresne

I also believe there is more in that bill where the bed tax dollars do not have to be always utilized for Marketing the County. It can be used for other activities such as funding salaries of emergency personnel similar to what they did in the panhandle of Florida.

This has been going on for eight years and we have to take a more intelligent approach to combatting this. I am not saying there is no value in what we spend, but there are some more permanent dollars that we could put aside for something more permanent in nature. You are given the legislature and those that believe these agencies should not have any purpose and if we are going to donate 5%, I guarantee we will end up being a donor county, rather than getting any money back.

I have offered to meet with all the agency heads to discuss a more intelligent approach to this. You've got to be way ahead of this stuff. We are probably, in my opinion, eight years behind where we should be, and whom you are approaching in Tallahassee and how you are approaching this makes a difference.

Pesquera

My understanding is that the real target here is Enterprise Florida. They do a lot of trade missions and that sort of thing. The difference between Enterprise Florida and Visit Florida is that Visit Florida has a very highly proven ROI For every $1 they spend, they return $3.5 or $4 in value to the community. The same thing applies at the destination marketing level, and the county level as well. It is a proven fact that tourism led to the recovery of Florida after the Great Recession and after the pandemic. Florida is probably one of the most tourism-intensive places in the world and to play around with the idea that we should not promote it is a little misguided.

G. DTPB PRESIDENT & CEO RETIREMENT* – Emanuel Perry

Perry

In February, our President and CEO for Discover The Palm Beaches announced his retirement. I wanted to recognize him He served Palm Beach County for more than 15 years and helped transform how people view the Palm Beaches as a destination.

Pesquera

It has been a great privilege to serve this community I can say the organization is in good shape. It is strong, has a talented team, and I am sure that there will be continuity in terms of the success that we have been able to achieve. I am proud of the team, and I want to thank our colleagues from the other TDC agencies for their collaboration.

6. NEW BUSINESS – DISCUSSION ITEMS

A. TOURISM MASTER PLAN UPDATE – Emanuel Perry

Perry

The agency heads have been meeting to develop the Tourism Master Plan. We have gone through, and we've crafted what we considered a blueprint, and right now the Tourism Master Plan is with the Purchasing Department for review. Once Purchasing comes back with the final document we will be able to give you an overview before soliciting the RFP. The Master Plan will embody all 39 municipalities and the County as a whole.

Thompson

Could we see the RFP before it officially goes out?

Perry

We can certainly distribute it amongst the board members before it goes out.

Baker

Is the RFP requested to go back to the board members?

Thompson

The draft of it.

Baker

That is not a normal procedure. We can give you highlights of what we are looking for, If you have input, you can give it to us. But we don't share those RFP priorities before they go out.

Thompson

It was my misunderstanding that we would because I thought at one of the last meetings, we discussed reviewing the RFP before.

Baker

I apologize if I missed that, but it could have been perceived that when we give that out in advance to certain people, others will have an advantage.

However, as a part of this process, we can tell you, we are looking for a group that may be able to do blank and blank. Then you can give us your input if you think we are missing something. But we should not share that draft because again, it is the perception, and we know how that works.

Bronstien

Who is involved in determining what goes in it?

Pesquera

It has been a collective effort of all the agency heads, Verdenia, and TDC. Gustav was the lead researcher and put together a compendium of best practices. Several tourism master plans were selected from different organizations like LA, Phoenix, and Vancouver, which have done this before, and we put in it what was appropriate for Palm Beach County.

Bronstien

Did it get updated at all?

Pesquera

The big contribution by the group was about how to score the proponents

Bronstien

My question was if all the agency heads have vetted all this in advance and everybody's comfortable with it and been updated to today's desires that would be, from my point of view, that would be sufficient.

B. DIVERSITY, EQUITY, INCLUSION, & ACCESSIBILITY SUMMIT –

Jennifer Sullivan

Sullivan

I placed a little save the date for our Arts and Tourism Summit on DEIA at your seats. It is a two-day conference at the Convention Center, on August 30th and 31st The formal opening registration will be the first week of May and tied to National Tourism Week.

We had our first summit in 2021. It was during Covid with 150 attendees. We are trying to build on that success. We are following all of the state laws and we had some input from James Green at the County. This will be a voluntary event. Everyone will be opting in if they are attending. And due to the generosity of the County, and our agencies: Film, Sports, Discover, the Council, and the TDC contributing to funding the summit, it will be free for all attendees.

We are hoping for about 300 attendees this year. We are 90% done with the speaker program. Greg DeShields, the Executive Director of Tourism Diversity Matters, will be our keynote speaker.

We also have Sophia Hyder Hock, the Chief Diversity Officer for Destinations International. On day two we focus on the arts, and we are bringing Sarah Bellamy, the Artistic Director for the Penumbra Center for Racial Healing in Minneapolis. And we have a great lunch keynote that Sports is putting together with a panel discussion.

New this year, we will be providing a certificate of completion for everyone who attends on day one or day two. We are also offering SHRM credits and CEU credits through Barry University, again for those who opt-in, you need to go through both days to get those credits. We are hoping to bring out employees at every level at our organizations, at our cultural organizations, at our hotels, and with our restaurant partners. The idea for this training is to leave empowered to bring all of that information back to our organizations so that people feel welcome when they come to The Palm Beaches. Where there are travel restrictions and travel advisories, people can feel like they are welcome in The Palm Beaches and that means seeing everyone and understanding everyone and welcoming everyone.

I want to thank Heather Andrews with Discover. We both are working closely on the schedule, and we are meeting with members of each one of the agencies. I am looking forward to having all of you at The Convention Center again for a good partnership.

Commissioner Lambert

Could you tell us a little bit more about whom you are targeting to attend and what level of employees at the organizations you are reaching out to?

Sullivan

Everyone is welcome. In the first year, we saw maybe CEO level or manager level. But we are looking for all levels of employees because it is personal and professional

development. We did get a lot of cultural organizations in our first year. We are also trying to get more from other industries Having our colleagues at the table I think will also help us get those folks to attend.

Commissioner Sachs

When you say accessibility, are you talking about those with intellectual disabilities or physical disabilities?

Sullivan Yes.

Commissioner Sachs

Do you know where that word comes from?

Drum

It's a Latin name for the genus of the species that is occurring out in the ocean. I am trying to demystify this. A lot of people are interested in this, and our phones have been blowing up. There is a lot of media hype around this annual event. Sargassum is something that occurs and shows up on our beaches every single year. Now, when you look at the satellite photos the amount of sargassum in the ocean has been increasing over time due to increased nutrients. It all derives from deforestation in the Amazon basin as it's deforested.

We have been preparing for this. It is an annual event, and the height of this is usually in June and July. What our Parks and Recreation Department does on the guarded beaches is hand rake out a little pathway from the beach to the water. We are at the height of our sea turtle nesting season. The regulatory agencies that are to protect endangered species under federal law prevent us from doing anything that would harm these species

On the ERM website, you will find a link. When you look at beaches, you can see that Sargassum seaweed is hitting We have been interfacing with Lindsay Wiegmann from Discover The Palm Beaches and provided information to the tourism partners. On our website, we have created an issue summary on this item. It has all the information about what sargassum is and what the ongoing issues are.

We typically let it sit and it can be a great beach stabilizer, this can be the reason that your beaches don't wash away when hurricanes come. In the history of Palm Beach County, we have not raked our beaches. If you've just spent $300,000 raking the beach, it will last for six hours and then you're bringing it back in.

C. ERM

1. Sargassum Update*

Whoever is doing the cost-benefit analysis in the town of Palm Beach, they've decided it is worth it. And for example, Miami-Dade County currently has $6M budgeted to rake sargassum off their beach just for this couple month period. We do not have the budget for that.

If at any point anybody, the board, or you, decides that it is worth spending the money, we will have the permit ready to take action. I had a conversation with the Florida Department of Environmental Protection yesterday and they are going to walk us through what that process looks like.

Commissioner Sachs

Since this is a multi-county, I think we should make a demand on the State of Florida as well, possibly on the feds with the Coast Guard to do something to fund at least the relocation.

Drum

The headlines have not escaped the State's attention. And they have been proactive in reaching out to Ms. Baker and to my office to offer their support. They're not talking about funding at this point. Counties from Monroe County to Martin County on the East Coast have put together an information exchange group on sargassum. We have been meeting for over a month. We have a very long list of participants, and we are sharing information and approaches to what people are seeing. What are some of the early detections that we have? What are the tools that we have?

We have beach cams on many of our beaches. We have included those links on our webpage, so people can see the status of the beaches and if they are planning their vacation, they can go onto those beach cams and see the status of the beaches.

Amidon

What about the preventative measures that were decided that we are not going to put booms out there or to prevent it?

Drum

Why don't we block all the seaweed with some kind of barrier? Any barrier that you put out is also going to be a barrier to sea turtles trying to lay an egg on the beach and it is going to also entangle dolphins or other wildlife. And then you've got a different PR nightmare on your hands.

Dufresne

I was curious about the turtle issue because when the little ones come out of the nests, how do they navigate the Sargassum?

Mitchell

They can do it. It's just part of the natural system. They can usually get over quite a bit of it, it is a natural part of their cycle too.

Drum

It is protection for them too from some of the large critters. It is a natural process that sea turtles might have to deal with in any given year. We are going to be looking at all of that and the sea turtle biologists are especially looking at that as well. The more alarming thing is how much plastic and garbage are in the ocean.

Commissioner Lambert

You mentioned the possibility of this helping to prevent beach erosion during hurricanes. How much research has gone into that?

Drum

Typically, what happens is the seaweed kind accumulates on the shore. Then if you have a natural event like a nor-easter, come through and it puts sand on top of it and it buries the seaweed on the beach, that has been a method of getting rid of it. And that's something that we're looking into, burying it. Are there opportunities to just have a designated area on the beach where you dig a big deep hole and put it all in there and then put sand on top? And there are some pilot studies on that and determine that as it settles and decomposes, you end up with a big hole in the beach and you might have an issue with that. But we are looking for affordable ways to deal with it. But, with nature, you just can never time things the way you perfectly want to all the time.

Commissioner Sachs

What happens to it after a while?

Drum

It washes away, it decomposes, and it becomes just part of the nutrient cycle. It is the extra nutrients that we put into everything. And it is like the deforestation of the Amazon that level of increased nutrients makes it much bigger than it normally would be under natural conditions. We will coordinate with Parks very closely to make sure that we are balancing all of the needs

Thompson

When is the Turtle Event?

Drum

Do not know yet. We will keep you updated. Could be early in mid-June, we have four walks, and the height of this does not hit until late June or July, maybe we will be fine depending on the weather. You might have another weird weather thing that pushes it all.

Amidon

Is there any type of scaling the severity of it?

Drum

We are at level zero or one. But even if it were at a level four, it still might not be a big deal for our beach, but it might be a big deal for Broward. It is just hard to measure it. That is why we like the beach cams because they give you a visual of what we are dealing with.

A positive thing that came out of Outside magazine. It is very well distributed. It's a major magazine, but one of their frequent contributing journalists wrote a piece that they did not coordinate with us, but it said, boot up the 10 greatest hikes on Earth. And five of them were in the US and only one was east of the Mississippi River. That was our ocean to Lake Hiking Trail in our County. We are going to coordinate further, and we have reached out and tried to arrange a follow-up feature to continue to promote the Lake Hiking tourism piece. Having him here facilitates that so there is an opportunity.

Thompson

What is the Ocean to Lake Trail?

Drum

It goes from Lake Okeechobee to the Atlantic Ocean through our county and partly through Martin. There is a trail, and you can hike it and you can go that whole way.

Commissioner Sachs

How can we tell everybody about this?

Drum

On our website, you will see all the links to all trials. We have a great partnership with the Florida Trail Association. They do a lot of our volunteer events, but it was cool to have that kind of coverage in Outside magazine. And we also have a great relationship with REI, which is a local company here.

2. Update – Deb Drum Drum

D. DISCOVER

Pesquera

Tucan Media is a media marketing vendor. They are out-of-home advertising too. They manage logistics for sourcing, storing, and branded activations and events. And we have been using them since 2019. They have become one of the most effective marketing ways to promote brands.

It is widely used by many companies around the world Tucan was selected through a bidding process, and they succeeded with the best idea and the most competitive pricing.

Their innovative concepts have now been converted into physical assets that we own and continue to use regularly. One example was the activation in New York, the airplane setup activation at Grand Central Station. They created the concept, the idea was the return of the golden age of travel in conjunction with the launch of our Original, the One, the Only, The Palm Beaches, America's first resort destination campaign.

PBI was displayed at that activation. It created a real airbus for PBI New York, of course, is the number one source of flights for PBI and we want to keep it that way. They do letters like “Love The Palm Beaches”, which will be our resident outreach campaign. We worked together with culture at an event in New York.

Milton

All these assets, all this marketing, we own and reuse them. We use them in 20 activations in a year.

It is very effective. We are in the face of our clients, we invite media, clients from groups and for leisure, bloggers, and influencers. And it certainly provides the opportunity to link, merge and blend with those clients in a quite different type of atmosphere. They set up and put all of this together, they manage, and they store this for us. When they need to take it to the next city, they will do it for us That is why we requesting to authorize Tucan as a sole provider purchase for us.

Commissioner Sachs

You said they store and use the assets to promote around the country Can't we use some of these in our airport?

Fernandez

Kelly Cavers and I had a meeting with Laura Beebe, and they would be the ones that will create that Instagramable moment experience at the airport. We are working with them.

1. Tucan Media Marketing Agreement – Milton Segarra

Pesquera

For example, for the Florida Governor's Conference that was held at the Boca Raton Resort, the airplane was used in the ballroom to promote the Golden of Travel brand. And we will be using it again We are going to be at the Florida Airforce Council Conference. This is just a matter of facilitating the use of it without going through a lot of additional effort.

Perry

They are not the sole source. You did an RFP and you awarded them the contract; it is not necessary to seek a motion to approve the contract since they were awarded the contract.

Pesquera

It is just information.

Perry

Yes. Dufresne

How much is the contract?

Segarra

$750,000.

Thompson

The information that you are providing today is that you utilize them to store the materials to be used. How is managed now?

Pesquera

We were using them with individual contracts every time

Lomrantz

If we did an event in Chicago, we would have to get three bids Because of the restrictions in our contract. We are avoiding going out to bid every single time.

Commissioner Sachs

May I suggest Mr. Perry submit this in writing so that everybody can review it?

Lomrantz

I want to clarify. We have already executed a contract with them. We have spent $800,000 with them over the last three-plus years. What we are saying is every time we do an activation, because of our contract, we are required to go out to bid. This is not an approval of the scope of the contract as much as it is to avoid doing that. We have this agreement; this is a media buy. Typically, we would not have to do media buy through the TDC, but we are asking to eliminate to bid every single time. Can we get the sole source approval, which we have for other vendors as well, that this is the most advantageous vendor to use so that we don't have to continue to go through this process every month? And it's just required, the TDC and director would be the ones that would approve a soul source. We would not bring it to the board, but Emmanuel wanted to educate everyone on the board. Mr. Perry reviewed it three months ago

Bronstien

Is this already within the approved line-item budget?

Perry

Yes. They traditionally use this company for activation.

Dufresne

The question is that $800,000 for the last three years, or is that $800,000 over?

Lomrantz

No, this is a two-year agreement. It is about $375.000 a year, give or take. We have spent about $275 - $300 previously.

Pesquera

It's almost equal to if we do deals with billboard companies. Except it is directed to specific activations in specific cities where we want to create a buzz and a marketing press because maybe there is a flight coming from Chicago, or there is a new flight that we require to do certain things. This is a physical advertising vehicle. To facilitate the process to move forward because of the efficiencies that can be attained as a result of that.

Commissioner Lambert

At the Meeting on May 11th, Could you quantify that for us as well?

To clarify, we do not need a vote, right?

Perry

We do not need a motion. It is just information.

2. Community Outreach Toolkit-Love The Palm Beaches - 5 Minutes/Milton Segarra & Beril Gutierrez

Segarra

We have a timetable of activities from now until summer to make we have a good number of visitors. Two of those activities are the launch of a resident campaign, which is called Love The Palm Beaches Between 38% to 52% of our visitors said they came here because a friend or family told me to come. It is a Salesforce that we have out there.

Gutierrez

We will be launching a new resident campaign with Love The Palm Beaches We want the residents to talk about their love for the destination through social media and other methods. When people were asked about their primary source for visitation, 38% to 52% said it was coming from friends and family. We want to turn our residents into local ambassadors. We will be advertising across our seven social media platforms.

We have about 700,000 followers, and we are going to have partnerships with local influencers. They post about The Palm Beaches on their social media channels. We are preparing graphics, as well as Instagram stickers. As soon as people search for The Palm Beaches, they will pop up digital postcards.

We will be landing a page at www.thepalmbeaches.com/log in May, it will redirect you to digital postcards that you can quickly send to your friends wherever they might be, and personally invite them to the destination.

We have already seen our 3D big letters in many activations that we have done. People love taking pictures in front of it Encouraging them to use our #LovePalmBeaches, will be a major presence on social media.

We do have giveaways weekly and every month starting in May until September. We are just giving t-shirts, hat stickers, car magnets, cozies to bags, and postcards. Monthly we are giving away staycations for a family of four for four months. There would be hotel stays, dinners, and attractions, to drive people to participate in posting about their Love for The Palm Beaches We worked with artists, who created the postcards from The Palm Beaches, plus they will be prepaid postcards.

In the outdoor space, we will be having digital billboards in the highway traffic areas. We are going to use local radio stations with a combination of paid media and radio media events, streaming audio, obviously with iHeart Radio.

We do promo local media, and they are considering a cocktail event where they invite top influential community leaders to talk about this campaign as well. And finally, we will be launching a YouTube series.

We have local celebrities who Love The Palm Beaches. Like Nick Roldan, the top-rated polo player, Damian LeRoy, the world kite surf champion, in Jupiter, and Amanda Perna, a very well-known fashion designer, she's in Love with The Palm Beaches. She stated that: “I am living in Delray Beach till the day I die.” She did move here from New York. These are very passionate people about The Palm Beaches. These are going to be a continued series. We will have more celebrities. And since you are all also locals from The Palm Beaches, I invite you to please share this. When you are posting, please use #LoveThePalmBeaches. Please talk about the campaign with your friends and family and invite them to a beautiful destination.

A podcast was launched two weeks ago. This is the first destination-led podcast in the groups and meetings industry called Between the Sessions, which is also the name of our group’s brand campaign. This is a proprietary podcast that we are producing to promote The Palm Beaches as a premier destination for meetings and events.

Having these experts from across the industry align their insights with our brand. It did launch on March 30th, which was Global Meetings Industry Day. We will have 22 episodes and will be released every other Thursday. Our host is Suzanne Boyd, who is a well-known local TV journalist, used to be on WPTV and now is working in Delray Beach.

Look at trends, what's coming, and what they can expect, and a way to connect them with some of those high-level thought leaders across the industry while they're still engaging with our brand We do have a landing page on our website. It's ThePalmBeaches.com/meetings/podcast. Episode one celebrates Global Meetings Industry Day, which is a celebration of the economically impacted meetings and what they mean to communities.

And we have the co-chairs of the Meetings Mean Business Coalition on the podcast, along with Jorge introducing it. And the episode today is about citywide meetings with Carol McGury, the executive vice president at Smith Bucklin, which is a major player in the meetings industry. We will be continuing throughout the season to deliver these types of high-value guests

Fernandez

3. Between The Sessions Podcast – 5 Minutes – Jaimie Hart Hart

4. Update – Jorge Pesquera

Talking about group meetings, sales, and events, some industry trends that are happening right now. Planners are embracing transformational experiences when they are taking time away from their families and traveling to these meetings. There is a lot of diversity in our destination places, experiences, and people, but how do you showcase that at another destination when you are at PCMA in Columbus, Ohio? Through our trade show and sales experiences, we are showcasing, and creating these experiences.

We did that at the PCMA Foundation fashion show. It took place in Washington, DC last month. The theme was living in color, welcoming environments, authentic experiences, and everyone felt included. Instead of the sales team selling the destination, we had our very own customers participating in the fashion show, showcasing the fashions of The Palm Beaches. Sherrif Karamat, President, and CEO of PCMA was there. With over 300 customers and suppliers attending the event. We had Amanda Perna, she has been on Project Runway.

The models wore all Lily Pulitzer’s clothing, as well as Amanda Perna’s. And the meeting planners went on stage and showcased. We also had a local artist, Timothy Lovelock. We brought him up and now people are booking Timothy Lovelock from just this one event. We are helping our local community as well

Yesterday was a day of advocacy where we are showcasing that meetings matter, not only about the economic impact that they bring to the communities, but the social progress and opportunities that there are for communities to grow from these meetings coming to the destination.

There are nearly a hundred billion spent on meetings and events. In 2022, we had an event at the Arts Warehouse in Delray with Amanda Perna as a speaker. We also had the Arc of Palm Beach County speak about how to make meetings more inclusive. And we had Ariana Reed, who is from the leadership team of American Express Meetings and Events. She spoke about how important it is, inclusivity and diversity in meetings. And that is what we did at Global Meetings Industry Day. We had 125 local community partners attend. We highlighted small diverse local businesses that participated, and they served breakfast.

We also had the Arc of Palm Beach’s volunteers that came and were able to greet and showed people to their seats. Showcasing diversity and being inclusive in your meetings works.

We have had 200 leads come in from the partners that attended Global Meetings Industry Day booking 30,000 room nights.

E. SPORTS COMMISSION

1. Update - George Linley

Linley

April is a big month for our Sports Commission. We are hosting 27 events, 14 different sports. We are not yet halfway through it, but we should have 26,000 plus room nights We have some very special marquee events. One of them is the Billy Jean King Cup, USA versus Austria. Sports Commission is partnering with the City of Delray Beach.

This is the fourth time we have hosted it and it was once called Federation Cup. It is the largest international event for the sport of tennis. There are 135 countries. This is the first time we are hosting it under the rebranded name.

Billy Jean King is with us in Palm Beach County now. She is one of the most iconic athletes in the history of American sports. It will be televised on the tennis channel. The matches begin Friday at 5:30 PM and Saturday in the afternoon.

Towards the end of this month, April 21st and 22nd, I believe is Spartan Race. A special thanks to Palm Beach County Parks and Recreation, Paul, I think this is the fourth year we are hosting this event. It is one of the most predominant brands in endurance sports. It is an obstacle course race with 3.2 miles. The last time we hosted this event, we had over 10,000 participants, from local and across the country.

This weekend will be the Conference USA Women's Golf Championship at PGA National. We will have the top teams in the conference including Florida Atlantic University. They are partnering with us to host the event.

Starting this weekend through next weekend Equestrian Sport Productions. We have opted to sponsor their spring series, which used to be more local riders, but now they are giving out prize money.

We have an international soccer team and training camps. We have all types of youth sports, even an ice youth, ice hockey. This is shaping and strengthening us as we are getting closer to summer with a lot of the youth travel sports that will come here.

Florida Atlantic University made it to the final four in the NCAA basketball. They were 0.6 seconds away from being in the national championship by one basket.

We are working on County recognition and trying to get the FAU team to the Board of County Commissioners' meeting. Hopefully, we will have all 14 members, but we will have most of the team there, and the head coach. If you want to come out and support FAU, come out to the BCC meeting.

We did some research and there were close to a thousand national stories in publications from USA Today and various publications that connected Florida Atlantic University and Palm Beach County in the same article. It is publicity that you could not buy by being in the final four. They earned it.

F. CULTURAL COUNCIL

1. Update – Dave Lawrence

Lawrence

At your place, you will find the calendar for Mosaic, which is our drive-time promotion. That happens in the month of May. Mosaic is an acronym for Month of Shows Arts Ideas and Culture.

A number of our cultural organizations are participating with offers. We have hotel partners. There are all sorts of deals. This is just for shoulder season travel and activation of our cultural institutions. You can even get a deal for tickets to see Legally Blonde at the Kravis Center.

The art is by a Boca Raton artist, Tiffany Beasi. We like to hire local artists to help us with the promotion and celebration of this. This goes on throughout the length of May. We are starting a new event this year on Saturday, May 20th called Palm Beach County Open Studios.

This is a pilot program for us to see. I've mentioned before that we did a cultural needs assessment last year, and one of the things we heard from professional artists that are based here in Palm Beach County is the need to connect with visitors and residents more to demystify the art process.

We started this idea to open artists’ studios and allow them to come in and look through their work and see them in their studios. We thought it would be great if we got 20 artists, we have more than 75 artists that are going to participate in this first year.

We are keeping it to one day this year, but we already have plans to expand it. You can meet the artists and learn more about their work. We feel they are important ambassadors for the cultural sector in Palm Beach County.

The Biennial exhibition is coming up at the Cultural Council. Opens on the 20th . We do this every two years. This year it is juried by Joanna Williams, who is the Associate Curator of African American Art at the Detroit Institute of Arts. We have a national jury coming in. These are the very finest of Palm Beach County artists. There are 34 in this show, it is a way we are supporting artists.

We just closed an exhibition called Visualizing Climate Disruption. And we are expanding this and taking this exhibition on the road. It opens on the 24th You are invited to join us there.

The grant adjudications are coming up. May 16th will be our category CII grants and May 18th will be category B. Taking place at the Cultural Council in Lake Worth Beach. I want to thank Commissioner Lambert, Davicka Thompson, and Emmanuel for serving on our grant panels this year. If any of the board members have not seen the adjudication and process, please feel free to stop by over those two days to watch the deliberations, and to see the organizations and how this process happens. It is open and free from conflicts.

1. Update – Michelle Hillery

Hillery

I wanted to congratulate The Breakers and Jim Mostad for being on the Fortune 100 Best Workplace.

As far as Film and TV Production overall, we are up 14% in over a month. We've been extremely busy production-wise. We have a few new shows that are landing on Palm Beach's TV Channel. One, What's Poppin PBC hosted by Kitty London.

We also have Wild Palm Beaches We also have Travels and Traditions with Burt Wolf. What's Cooking show will be landing on The Palm Beach's TV Channel as well.

And we have On The Town in the Palm Beaches with Frank Licari. With a new show called Help and Wellness, we are doing a premiere of that show at the Arts Warehouse next Wednesday at six o'clock.

We have just wrapped up our production history for film and TV production. This is a 30-page historical document that showcases, that identifies production that has taken place here in The Palm Beaches since 1991.

We have now recorded over $308B in revenue here in Palm Beach County as a result of Film and Television production and over 330,000 production days. As I'd reported before we had $38M just in 2022, and production is going strong.

The 28th Annual Palm Beaches Student Showcase of Films is coming up next Friday the 21st at the Maltz Jupiter Theater.

We hosted the largest statewide film competition, an award show right here in Palm Beach County. We are expecting 600 students and their families from around the State of Florida. Many of our winners and finalists are from right here in Palm Beach County.

H. CONVENTION CENTER

1. OVG Venue Management

a. Update- Dave Anderson

Anderson

We finished March with our third art show from each contemporary amazing show with great attendance. The owner of The Boat Show owned The Art Show, there was a shuttle service going back and forth between those two shows, and the traffic was pretty heavy, it was fantastic

G. FILM & TV

We are entering our perfect month of conferences coming up. We have Cabinets and Closets Conference in-house right now. And then we go to some of the Americas, which is the World Conference for Duty-Free Stores. These are the people that run duty-free stores all over the world. It is an interesting group and it's amazing to learn what kind of revenue these stores have around the world.

We have Cabinets and Closets right now. We then go into Duty-Free and then we go into Vertical Flight. Which is coming back to us. Last time we went into the helicopter in the parking lot. NASA is exhibiting. They are starting to come back out and exhibit at shows. And then we go right into the Governor's Hurricane Conference for the eighth year in a row. They were in North Florida for 30 years and they've been with us ever since.

And they signed through 2026. An amazing group Short-term business and short-term groups continue to book in between these events. Again, it is just the perfect storm that we have at the building.

Our company has an interest in talking with FAU about their arena. We've already had a call with George, and we are looking at opportunities because our company builds arenas around the world. We are in some initial conversations I think we are hopeful for even a site visit. Our corporate team is going to be coming into town and we are going to take a look at that opportunity.

Last but not least, I had a chance to run across the street to the Kravis, Diane's team hosting the street dedication for Alex Dreyfus. I just want to say they did a phenomenal job honoring him.

And now the street in between the Kravis and Dreyfus school and the arts is Dreyfus Way.

2. OVG Hospitality

a. Update – Kathy Griffin Griffin

On April 4th, we hosted our second SBE expo. What this does is it provides minority and black businesses that would like to do business with us, an opportunity to come in, present their businesses if they're food-based to give a tasting to us. It was very successful.

We had seven businesses scheduled, five showed up and all five businesses are going to go forth. Aly Fernandez joined us and she made some relationships for doing business to do business with these people at different Discover events. We have our third one scheduled for August 9th. If anybody would like to attend, let me not.

7. BOARD COMMENTS

No board comments.

8. PUBLIC COMMENTS

Hutchinson

Between May 7th and 13th will be Travel and Tourism Week, and Commissioner Sachs has graciously agreed to make a proclamation that will be read on May 2nd at the BCC meeting. Anybody who can attend, please come out and support Travel and Tourism Week.

Pesquera

May 12th will be Travel Rally Day. It is happening at the Loggerhead Marine Life Center as an opportunity to celebrate Travel First. It is a national event that is put out by the US Travel Association,

At our board meeting on Tuesday, Emmanuel mentioned that the issuing of an RFP for a second headquarters hotel had overcome another hurdle.

Perry

We are in the process of drafting an RFP for a second headquarters hotel.

9. ADJOURNMENT

The meeting adjourned at 11:49 A.M.

The next Meeting will be on May 11, 2023.

*Attachment included.

Tdc/tdcmtgs2023/Minutes 4 13.2023

4. CONSENT ITEMS

TO: Tourist Development Council

FROM: Jorge Pesquera, President/CEO

DATE: April 28, 2023

RE: Discover The Palm Beaches Monthly Activity Report April 2023

The following is a summary of DTPB activities in support of TDC Performance measures for the month of April 2023. This report demonstrates positive trends relative to owned visitor digital footprint, advertising impressions, social media engagement, and booked room nights for the Month of April.

March 2023 Performance

Occupancy and Demand

 Hotel Occupancy for March increased 0.1% to 82.5%, selling 1.3% more hotel rooms than last year. This is due to the Hampton Inn in Delray opening, adding 1.2% more rooms into the inventory.

 Shared lodging occupancy increased for the first time in 11 months to 76.5% (+0.6%) with a total room demand increase of 22.3%.

 Total room nights sold increased 7.8% to 664,223.

ADR and Revenue

 Hotel rates were up 2.9% to $365.

 Shared lodging rates were up 1.6% to $410, the per room equivalent was flat at $188 and $66 less than a midscale hotel.

 With total rates up 1.8% and selling 7.8% more room nights revenue was up 7% to $210M.

 Bed taxes are expected to be over $12M.

Key Performance Trends

 Occupancy was down 8% in West Palm Beach due to the AKA adding 15% more rooms and selling 5.6% more room nights.

 Occupancy was down 0.4% in Delray Beach absorbing most of the 12% additional room inventory.

 Demand in Palm Beach Gardens was down 1.1% and up 5.7% in Boca Raton

 Luxury hotel rates were down 1.3% to $916.

 Delray Beach market rates were down by 12.9% with the additional of the Hampton Inn to $388

 Midscale and I-95 properties were able to increase rates 5% to $255 and $209.

Performance Measures - TDC

DTPB OBJECTIVES 2022 – 2023

Leisure/Consumer

 Increase Consumer and Travel Industry database to 410,000

 Generate 14,000,000 in Owned Views Digital Footprint

 Generate 7,000,000 Social Engagements

 Generate 700,000,000 Advertising Impressions

 Generate 250,000,000 Earned Media Impressions

Meetings & Conventions

 Book 110,000 DTPB only room nights (Hotel Meetings Leads)

 Generate 50,000 Group Level Booked Room Nights Convention Center Shared

 Generate 40,000 Group Level Actual FY Room Night for Convention Center Shared

 Generate 80 participants in Destination Reviews

 Generate 110 Destination Site Participants

317.7%

77.8%

Group Level Booked Room Nights (CC Shared)

Year End Target

98.8%

98.8%

80

Success Continuation Plan

FY2023

PROJECT DATES LEAD MARKETS STATUS

Marketing

Broadcast TV Buy January 16 - April 16 Brand/Media

Chicago, Washington DC, Boston, New York

• Compiling final wrap reports

• Chicago - NBC & CBS - 9.9M est. impressions

• Boston - NBC, CBS, ABC - 10.4M est. impressions

• Washington DC - NBC & CBS - 13.3M est. impressions

• New York - NBC & CBS - 16.1M est. impressions

• Evaluating summer broadcast opportunities in Orlando, Tampa, Miami, Atlanta with a potential savings/shift in funds allocated to other projects such as Accessibility

• #LoveThePalmBeaches campaign launched May 1

• Digital toolkit available at ThePalmBeaches.com/Love

• Full media plan across TV, radio, print, out of home, social media, digital audio

Community Outreach Toolkit March 1 - June 30

Social/Brand

Palm Beach County Residents

• Hosted media event on May 2 to launch the campaign in partnership with SunFest

• Brand activation at SunFest to engage residents and encourage the power of personal invitation

• Presenting campaign to city boards and chambers to encourage engagement throughout the county

• Gay Polo partnership on April 8, hosting media, influencers and clients

TDC Collaboration: Signature Events JanuarySeptember

TDC Collaboration: Film Studio Planned Completion: March 31, 2023

Brand/PR/Social Varies

• Partnership with Sports Commission for any support with RFPs or events for FIFA World Cup and College Football Playoff 2026

TDC Collaboration: Airlift JanuarySeptember

Social/Digital/ PR/Brand N/A

Digital/Brand/Media Fly Markets (TBD)

• Requesting proposals to build out additional assets in Film studio space for video and podcast recording; will gather potential capabilities and discuss with TDC Partners for next steps

• Campaigns continuing with Avelo on launch of new Wilmington, NC and Raleigh-Durham; promoting BreezeCharleston route

• Launching Asheville campaign with Allegiant

PROJECT DATES LEAD MARKETS STATUS

• Continuing to customize creative with specific call to action to book within certain time frames with lower demand forecasted.

Destination

OTA Co-Op JanuarySeptember Digital

Chicago, Washington DC, Boston, New York, Philadelphia

• Launched incremental $150,000 covering April-June across Expedia.com, Hotels.com, Kayak.com, VRBO.com, and TripAdvisor.com to drive demand during summer. Finishing out April in fly markets and will shift to drive markets in May.

• Booked campaigns for July, August, September for $153,000 with reallocation of some Metaverse funds.

International Strategy: Incentives JanuarySeptember Brand/Sales/Media

International Strategy: Digital JanuarySeptember Digital

Canada, Mexico, Colombia, Brazil, UK, Germany

• Finalized media plans across Canada, UK, Mexico, Colombia and Germany. Media running February - September 2023

• Placements include Robb Report & Forbes MX; Elle & InStyle Mexico and a sponsorship of the Toronto Polo Club season

• Campaigns running in Mexico (Mexico City & Guadalajara), Colombia (Bogota, Medellin, Baranquilla), Canada (Toronto & Montreal), and Brazil (Sao Paolo). Evaluating markets to leverage for June-October summer campaigns.

Canada, Mexico, Colombia, Brazil, UK, Germany

• Hosted Brazilian influencers @vazaonde and @ines.lafosse, combined following of 576k followers.

• Hosted Toronto's top influencer and leading media @blogto (2.5 million followers) in partnership with Visit Florida

• Boosted posts in target markets, 47.5m reach YTD

• Launched March 30 at Global Meetings Industry Day

Destination Podcast March 1 Launch Brand/Media

NationalTargeting Meeting Planners in Key Industry Segments

Family Activation May - September PR/Brand Florida Drive Markets, Key Fly Markets

• Owned & Paid Media plans in place, content being created, PR support

• Episodes:

1: Global Meetings Industry Day

2: Citywide Meetings with Smithbucklin

3: Sourcing Trends with Cvent

4: The Future of Meetings & Industry Trends with PCMA (5/11)

• Zimmerman presented partnership with Vilebrequin luxury swim wear

• Evaluating opportunities with Alliance Connection for highimpact partnerships

PROJECT

DATES LEAD MARKETS STATUS

Brand Activation August/September PR/Brand New York

• In discussion with Saks 5th Avenue for high-impact brand partnership

Metaverse September Digital National

• After detailed evaluation and consideration, we have decided to delay the Metaverse project until the 2024 fiscal year. During the course of the project exploration, in tandem with putting together plans for marketing technology advancements over the next 6-12 months, it became apparent that several pieces of core technology infrastructure should be in place prior to building out our Metaverse platform. These items include but are not limited to finalizing our website redevelopment, developing a Customer Data Platform (CDP) to store and expand on first party customer data, and building a data lake to store, process, and secure our data in a centralized repository. These efforts will lay a solid foundation to build our Metaverse platform on top of, and ensure the project is a success. Additionally, there has been a degree of deceleration of investment in Metaverse projects across the likes of Meta, Microsoft, and Disney which will impact the entire ecosystem, waiting this out for a few months is advisable: https://www.wsj.com/articles/the-metaverse-isquickly-turning-into-the-meh-taverse-1a8dc3d0

Accessible Travel JanuarySeptember PR/Brand/Social All Target Markets

• Reallocated $153,000 of this budget to OTA campaign portion to cover July, August, September.

• Plan approved for:

• Joining Travelability's Destination Ally Club

• Enter into Partnership with Travelability for writing an Accessibility Strategic Plan and for Travelability to work with The Palm Beaches in an advisory capacity

• Confirming accommodation and non-accommodation partners for Wheel The World Assessments, to include 30 partners + PBIA and PBCCC

• Training agreement to become a Certified Autism Destination, and have staff go through accredited training

• Staff Certified Autism training to begin Thursday, 5/4, with 30 day goal completion date.

• Hosted accessibility influencer @justcpnotspecial with 63k followers. She also wrote 2 blogs for us, one in Spanish

• Zimmerman concepting Sea to Preserve campaign creative with a first look scheduled for May 15

• Launched marketing promotions to databased and additional distribution channels such as Cvent and 3rd party partnerships. Executed on PCMA and trad experience and received new lead opportunities and contracts to utilzing incentive dollars. Secured 40,000 plus room nights with incentive dollars and aquired two industry events - confidential and Smart meetings national meeting

•Introduced new convention center focused promotion to become more competitive Nationally. Securing additional short term cvent promotions to fill gap within the summer months

PROJECT DATES LEAD MARKETS STATUS

Multicultural Market JanuarySeptember Sales/Marketing

BIPOC, Hispanic, LGTBQ+

• Commenced planning process for enhanced participation multicultural trade events and marketing partnership agreements. Signed marketing partnership with National Coalition of Black Meeting Planners ,LGBTQ's annual PROUD event in Los Angeles, and Connect Diversty, Faith and Specialty Markets

•Confirmed ConferenceDirect DEI Focused commitment$12,750.00

•Confirmed Proud Experience Summit and IGLTA Membership$10,720.00 Expanded Representation Firms

Domestic, Canada, Mexico, Columbia, Brazil, UK, & Germany

• Initiated discussions with existing representation firms to determine capabilities and potential to manage MICE and other expanded sales/marketing responsibilities. Reviewing proposals from representation firms. Expanded presence and activation in Colombia with travel trade operators, tradeshow and golf activation

•Final stages in negotiations with VOX to firm up representation for MICE business from Canada. Invited group director to DR to extend better perspective with destination. Committing ranging from $35-40K annually.

•Seeking proposal from UK and Mexico for MICE Transformational Events DecemberSeptember Sales/Marketing Wellness, Culinary & Multicultural

• Initiated discussions with major internationally acclaimed event organizers to secure a Palm Beaches launch in late 2023. Executed on planning trip with wellness event organizers

• Launched The Pink Retreat partnership for event in June 2023

Incurred additional expenses of on GMID and of transporation costs and housing and registration for PBCCC group. Executed on additoinal site inspections that included airfare and overnight accommodations. Executing on Mobile VIC Center to be utlized for Convention Center Group & Consumer Events,

April 2023

PERFORMANCE DASHBOARD

1 New performance indicators as of 10/1/22. Previous year totals were not measured.

HIGHLIGHTS

ADVERTISING

The Council’s annual MOSAIC campaign launched in April with 27 special offers from 25 Palm Beach County cultural attractions. The Council’s advertising agency, Push, launched the advertising campaign the first week of April, driving traffic to the MOSAIC web page (mosaicpbc.com) to collect email addresses, share suggested itineraries, and link to hotel discounts and special packages compiled by Discover on its website. The specific offers and redemption details were added to the website the third week of April. New promotional materials, including T-shirts, posters, and commemorative lapel pins, were distributed alongside existing promo items such as selfie spots and pool floats. Print collateral was also distributed promoting 31 MOSAIC Experiences in May and Palm Beach County Open Studios, which occurs on May 20. Approximately 20 social media influencers attended a cultural tour and cocktail reception hosted by the Council at The Square on April 11 in exchange for helping us spread the word locally about MOSAIC. On April 28, a special activation began at the Hilton West Palm Beach to promote MOSAIC to its hotel guests and beyond, with the opportunity to enjoy a free coffee with purchase for those who snap a selfie with the custom sign and post to social media with the campaign’s hashtags. The Hilton WPB coffee shop staff will be sporting MOSAIC t-shirts throughout the activation in May. In late April, another hotel partner, the Jupiter Island Resort & Spa, agreed to promote MOSAIC by providing Shades of Culture pool floats to swimmers during the month of May.

Co-op ad placements at PBIA are ongoing, and in April the Council sold out all remaining slots at the airport’s baggage claim for the rest of FY23. Two cultural organizations took advantage of MOSAIC digital co-op placements and 10 participated in the Council’s MOSAIC special section co-op that published in Florida Weekly.

Also in April, the Council worked with Push to continue fine-tuning its new cultural tourism advertising campaign, which will launch this summer. Push and the Council also finalized wireframes of the Council’s new website, and the first design draft was delivered on April 28 for review the first week of May.

HIGHLIGHTS

PUBLIC RELATIONS

Top Placements

● PR Global Newswire Distribution April 5, “MOSAIC Returns to The Palm Beaches, Featuring Exclusive Discounts and All-New Open Studios Event During ‘Month of Shows, Art, Ideas & Culture’ in May”

○ Top 10 Placements Reach: 324,831,568

● South Florida on the Cheap (UVM: 49,045) April, “Free and Cheap Events in Miami This Week” and “Great deals: MOSAIC Palm Beach offers discounts on entertainment, events & museums”

● NBC Miami (UVM: 422,874) April 7, "Visit Palm Beach County for Mosaic in May"

● WFTS Tampa Bay (UVM: 1,072,708) April 10, “The Cultural Council for Palm Beach County Is Gearing Up for MOSAIC”

○ Pickup in Yahoo! (UVM: 59,984,680) April 10, “The Cultural Council for Palm Beach County Is Gearing Up for MOSAIC”

● MiamiCurated (UVM: 6,678) April 12, “Things to Do in April/May ’23”

● Click Orlando WKMG (UVM: 2,236,192) April 14, “Crafty or artsy? This month-long event celebrates and features inspiring shows, art, ideas and culture”

● Palm Beach Florida Weekly

○ Online (UVM: 94,396) April 27, “MOSAIC returns with cultural discounts”

○ Print (Circ: 180,000) April 27-May 3 Edition, “MOSAIC Returns with Cultural Discounts”

● South Florida Sun Sentinel

○ Online (UVM: 1,731,312) April 27, "Discounts for SunFest tickets? Yes, please! Palm Beach County's MOSAIC promotion offers all kinds of deals in May” PDF clip here

○ Print (Circ: 84,757) April 30, “Experience local arts, culture shows, music (SunFest too!)”

National Media Outreach

The Council provided its PR agency with information from cultural organizations about their MOSAIC special events for a press release and national and drive market pitching effort focused on previewing the 2023 MOSAIC offerings. The press release featured 27 organizations. As a result of tailored national and drive-market pitching and follow-up efforts, the agency secured MOSAIC preview coverage in 8 media outlets (above).

HIGHLIGHTS

Three sponsored broadcast segments secured and coordinated between the Council and its agency went live in April in Miami, Tampa, and Orlando promoting MOSAIC events and partner organizations and driving back to the MOSAIC landing page.

The agency orchestrated and hosted a weekend FAM trip for Sara Liss, freelancer for Fodor's Travel, Aventura Magazine, and Time Out Miami. Following the trip, the agency followed up with Sara, sharing additional information and working to facilitate coverage.

Additionally, the agency secured strategic influencer support for MOSAIC, which included a partnership with MOSAIC Ambassador and photographer Nick Mele. The Agency leveraged photo assets from Nick Mele for media outreach as well as blog post content. The agency also secured social media coverage from regional influencers Stella @our.peachy.home (62.3k followers, Tampa-based) and Christine @ultimategirlmom (71.8k followers, Orlando-based), who each went live with their first round of content in April and will follow with an additional content wave in May. The agency secured interest from past influencer partners, Amy of @floridatravelgirl, Dana Harvey of @homeoftheharveys, and David of @davidsmanor, who all agreed to update their blogs and share content from their past FAM trips with their followers to further promote MOSAIC.

PARTNER COLLABORATIONS

On April 25, the Council hosted a networking event for the Florida Restaurant and Lodging Association at its headquarters in downtown Lake Worth Beach, inviting cultural partners to attend and mingle with the board and members of FRLA.

To support Discover’s Brightline influencer tour at the new Boca Raton station in April, the Council secured a performance by local musicians from The Symphonia and some materials about the new Center for Arts & Innovation being planned nearby in Mizner Park. The event was attended by 10 social media influencers and 3 members of the media, who promoted the event to over 3.4 million followers, garnering over 1.1 million impressions. The Council also progressed on securing live musical entertainment for this summer’s airport conference at the convention center, being hosted by PBIA.

In partnership with The Square, the giant Shades of Culture were approved to extend its stay on the corner of Okeechobee Blvd. and Rosemary Avenue through the month of May to help promote MOSAIC. Stars of the Kravis Center’s production

of Broadway hit Ain’t Too Proud stopped by the Shades for social media selfies in front of the sunglasses (photo to the right).

The Council continues to make progress on its new cultural tourism project to highlight Black heritage sites in the county. The writer has made preliminary suggestions on which locations to highlight, and a meeting will be held in early May with leaders from the community as well as cultural organizations to review and approve the content. Once approved, the writer will begin indepth research to inform the content, and a photographer will be hired to capture images. The project will include a web page on the Council’s website with a corresponding rack card for distribution in Visitor Information Centers. The goal remains to complete the project in time to distribute the collateral at the Arts & Tourism Summit on Diversity, Equity, Inclusion & Accessibility (The Summit) in late August.

The Council attended an introductory meeting with producers of a potential new wellness festival in The Palm Beaches next year to share ideas about how to incorporate local artists and cultural organizations into the event.

PROFESSIONAL DEVELOPMENT/SECTOR SUPPORT Institute for Cultural Advancement (ICA)

The Council continued its series of free professional development workshops for with its second “Coffee & Culture” session on April 6, which was designed to welcome new employees at cultural organizations. In addition to networking, the Council provided an overview of its services and the TDC discussed visitation and tourism.

Cultural Sector Support

The Council attended several events in April to capture social media content and to show support of the sector. These included The Palm Beaches 28th Annual Student Showcase of Films, the Catwalk Student Fashion Show presented by Resource Depot at the Norton Museum of Art, the launch and activation of the Brightline station in Boca Raton, and Newsies at Lake Worth Playhouse

ADVOCACY

The Council continued to monitor potential legislation in Tallahassee related to the arts and tourism sectors. When HB7053 threatened to impact bed tax usage and VISIT FLORIDA funding, the Council sent alerts to the cultural community encouraging action.

Fiscal Year 23, Semiannual Report

The Palm Beach County Sports Commission’s semiannual report for FY 23 (October 1, 2022 –March 30, 2023) indicates an effective performance in creating sports tourism for The Palm Beaches. The report shows the Palm Beach County Sports Commission is on pace to exceed its performances measures for FY 23. During the first six (6) months of FY 23, the Palm Beach County Sports Commission’s event portfolio includes 96 events, creating 184,554 room nights for the county’s lodging industry. In total, the Sports Commission hosted events generated an estimated $44,001,365 in hotel revenue and $2,640,082 in bed tax revenue Moreover, the Sports Commission events spurred an estimated $167,559,000 in visitor spending

PALM BEACH COUNTY

Palm Beach County Sports Commission Semiannual Report

October 1, 2022 - September 30, 2023

Palm Beach County Sports Commission Semiannual Report

October 1, 2022 - September 30, 2023

Palm Beach County Sports Commission Semiannual Report

October 1, 2022 - September 30, 2023

Palm Beach County Sports Commission

April Event of the Month

Billie Jean King Cup Tie

The United States Tennis Association partenered with the Palm Beach County Sports Commission in hosting the Billie Jean King Cup Tie, which took place on Friday April 14 and Saturday, April 16, 2023 at the Delray Beach Tennis Center. This Billie Jean King Cup Tie will featured the United States versus Austria, in the first round of the 2023 competition.

The Billie Jean King Cup Tie is a best-of-five match series with two (2) singles matches on Friday, April 14 and two reverse singles matches and a doubles match will follow on Saturday, April 15. The Billie Jean King Cup, which was formerly known as the Federation Cup, was rebranded in 2020 to align with Billie Jean King, a global icon in sports – who also dedicated her life to fight against social injustice.

The Billie Jean King Cup team is no stranger to Palm Beach County, having played at the Delray Beach Tennis Center three times when the competition was known as Fed Cup in 2005, 2007 and 2013. Team USA went 3-0 in those competitions.

Palm Beach County native, Coco Gauff led Team USA to a victory in her hometown. Team USA Captain Kathy Rinaldi along with Coco Gauff, Jessica Pegula, Danielle Collins, Caty McNally and Sofia Kenin defeated Austria 4-0.

The Billie Jean King Cup is one of the most prestigious events for tennis on a global stage. The event represents an annual women's tennis competition that is promoted by the International Tennis Federation (ITF) as the most prestigious international team tennis competition in the world with 135 nations entering the competition in 2023.

The Billie Jean King Cup was televised live on the Tennis Channel and internationally distributed, creating significant earned media for The Palm Beaches. With tennis participation rising significantly in the United States the tie generated a boon to the local economy. The event generated approximately 1,200 hotel room nights and over $1.5 million in economic impact

Date: April 26, 2023

Board of Directors

From:

Sports Events Department

NCAA Division I Women’s Golf Regional Championship

The National Collegiate Athletic Association (NCAA) is partnering with the Palm Beach County Sports Commission in organizing the NCAA Division I Women’s Golf Regional Championship from May 7-10, 2023, on The Champions Course at PGA National Resort. The Palm Beach County Sports Commission’s successful bid for this NCAA Championship event signifies a historic milestone. This event represents the inaugural NCAA Women’s Division I Golf Regional Championship to take place in Florida’s Golf Capital, The Palm Beaches.

The Palm Beaches Regional is one of only six NCAA Division I Golf Regional Championship sites

The Palm Beaches, Florida joins Athens, Georgia, Pullman, Washington, Raleigh, North Carolina, San Antonio, Texas, and Westfield, Indiana, as the six (6) destinations hosting a regional championship, which are all taking place on May 7-10. Each NCAA Division I Women’s Golf Regional Championship includes 75 collegiate golfers, which comprise of 12 to 14 teams along with qualifying individual golfers, contending for an opportunity to play for the team and individual national championship.

Florida Atlantic University (FAU) is a co-host with the Palm Beach County Sports Commission in overseeing the NCAA Division I Women’s Golf Regional Championship. FAU will provide irreplaceable support by offering volunteers and operational assistance. FAU is a member of Conference USA, which is a Division I affiliate of the NCAA.

The NCAA Division I Women’s Golf Regionals Championship consists of both team and individual competitions conducted concurrently. After 54-holes of stroke play, a total of five teams and one individual, not on those teams, will advance to the finals and vie for a national championship. In total, 156 golfers (30 qualifying teams and six individuals not on those teams) will proceed from the six regional championship sites and play for a national championship in Scottsdale, Arizona.

To:

Subject: FIELD CALIBRI 11 PT. BOLD

FIELD CALIBRI 11 PT. BOLD

Participating teams and golfers for The Palm Beaches NCAA Division I Women’s Golf Regional Championship was announced during the NCAA Women’s Golf Championship Selection Show. The NCAA Women’s Golf Championship Selection Show took place on April 26th and was televised live on the Golf Channel at 1pm.

The NCAA Division I Women’s Golf Regional Championship will provide a significant economic and tourism impact to Palm Beach County. Students, alumni, and golf fans will visit The Palm Beaches to enjoy the highest level of college golf. The event will create a significant level of visitor spending while filling hotel rooms across the county. Moreover, hosting this NCAA Division I Women’s Championship in The Palm Beaches will further build the county’s resume as a destination for collegiate championship events.

The Palm Beach County Sports Commission is on an unmatched pace of hosting NCAA Golf Championship events. Palm Beach County was home to the NCAA Division II Women’s Golf National Championship in 2019 and won the rights to host the 2020 Division III Men’s and Women’s Golf Championships before pandemic-related shutdowns forced the tournament’s cancelation. In 2021, the Palm Beach County Sports Commission hosted the NCAA Division II Men’s Golf National Championship. In 2022, the Palm Beach County Sports Commission hosted the NCAA Division I Men’s Golf Regional Championship and is now days away from organizing the NCAA Division I Women’s Golf Regional Championship.

In future years, the Palm Beach County Sports Commission will host the 2025 NCAA Division II Men’s Golf National Championship, and the 2026 NCAA Division II Women’s Golf National Championship.

NCAA Division I Men’s Golf Regional Championship Projected Event Schedule:

Saturday, May 6th, 2023:

8:00am to 4:00pm – Move In/Set Up & Course Marking by NCAA Staff/Officials

Teams Arrive

Sunday, May 7th, 2023:

8:00am to 5:00pm – Practice Rounds

6:00pm – Coaches Meeting

Monday, May 8th: 7:30am to 5:00pm – First Round of Competition

Tuesday, May 9th: 7:30am to 5:00pm – Second Round of Competition

Wednesday, May 10th: 7:30am to 5:00pm – Final Round of Competition

Florida Atlan�c University Men’s Basketball is honored for its historic season that culminated with a Final Four by Palm Beach County

The Palm Beach County Board of County Commissioners provided a tribute to the Florida Atlan�c University (FAU) Men’s Basketball Team for the history-making season that placed The Palm Beaches into the Final Four. “FAU Basketball Week” has been declared through a proclama�on by Palm Beach County Board of County Commissioners, which will be celebrated each April in Palm Beach County.

Florida Atlan�c University (FAU) represents Palm Beach County’s only NCAA Division I athle�c program, with 19 athle�c teams comprised of nearly 500 student-athletes. The Florida Atlan�c University’s 2022-23 men’s basketball team not only achieved the best season in FAU’s history but became one of the greatest teams in the history of college basketball with a remarkable 35-4 record, a Conference USA Championship, and earning an automa�c spot in the NCAA Tournament and its field of 68. This FAU basketball team won four straight games in the NCAA Tournament, also nicknamed “The Big Dance”, and placed The Palm Beaches, Florida on one of the greatest stages in American sports, by winning its way into the Final Four.

This FAU basketball team atained the most historic accomplishment on a na�onal level, compared to any other sports team based in Palm Beach County, with its victorious effort that led to the Final Four. This FAU basketball team exemplifies the best of sports in The Palm Beaches and created “Winning in Paradise”! Palm Beach County will forever remember and celebrate this FAU basketball team for reaching unparalleled success in

sports and bringing The Palm Beaches and all of its communi�es tremendous pride and honor.

The Palm Beach County Sports Hall of Fame also recognized the remarkable accomplishments of the FAU Men’s Basketball Team’s head coach, Dusty May. The Palm Beach County Sports Hall of Fame represents excellence and is the highest sports related recogni�on presented by the County and its Sports Commission. For 46 years, the Palm Beach County Sports Hall of Fame has honored the best of sports in this area. Coach May led the FAU Men’s Basketball team to the Final Four and Hall of Fame season, which is why he was recognized as the Palm Beach County Sports Hall of Fame Coach of the Year.

Events & Operations

Event Support

NCAA Division I Women’s Golf Regional Championship

 Participate in first regional specific call to discuss planning for regional championship

 Work with Florida Atlantic University to determine staffing needs

 Meet with PGA National Resort to discuss tournament logistics

 Recruit volunteers and schedule based on event needs

 Complete Participant Manual to be distributed as participating teams are announced

 Coordinate delivery of all merchandise and equipment

Conference USA Women’s Golf Championship

 Provide onsite support during championship

 Recruit live scorers to assist with tournament operations

 Meet with PGA National to discuss tournament logistics

Boca Raton Bowl

 Update RFPs for Golf Outing and Team Transportation

 Send out Golf Outing RFP and collet bids from prospective courses

Finalizing Contract Obligations

• Columbus Day Discovery Showdown

• World Comes to the Palm Beaches

• Perfect Game WWBA World Championship

• USTA Columbus Day Open

• TimberTech Championship

• ClubCorp Champions Classic

• Men’s Senior Baseball League

• 3v3 Live National Championship

• Holiday Basketball Classic of the Palm Beaches

• Hardball 360 Fall Classic

• FYSA Palm Beach Gardens Classic

• Monster Mash Lax Clash

• USTA Men’s 50 Clay Court Championship

• USTA National Men’s 70,85,90 Clay Court Championship

• Delray Beach Pickleball Classic

• Okeeheelee Halloween Slam

• “Little Mo” Internationals

• EDP Soccer Playoffs

• NextStar Lacrosse

• The Junior Honda Classic

• CPI Horse Show

• American Youth Soccer Organization

• Eye of the Hurricane

• Wellington Soccer Shootout

• Winter Equestrian Festival

• Development Player League Winter Showcase

• APP Boca International Masters

• The Honda Classic

• Delray Beach Open

• Savanah Bananas World Tour

• Palm Beach Challenge College & International Baseball Festival

• ITF W25 Circuit

• Palm Beach Gardens Soccer Spring Classic

• Delray Beach Pickleball Open

• Wellington March Madness

• Palm Beaches Spartan Sprint Weekend

• Spartan Race Elite Series

• RUSH Spring Showcase

• Play at the Plate – Palm Beach Classic

• Hardball 360 Spring Training

• Delray Beach International Tennis Federation (ITF) Championships

• “Little Mo” East Regionals

• Extreme Kayak Fishing Tournament Exotic Bass Roundup

• NCAA Division I Women’s Golf Regional Championship

• Delray Beach Pickleball Open

• iDo Beach Tennis BT 10x

• Florida Shine Classic

1. Category G Grants

Grants

a. Prospect Select World Invite / Crossroads Florida Open (September 8-11, 2023) – Ballpark of the Palm Beaches, Santaluces Athletic Complex, Roger Dean Chevrolet Stadium - $12,500 Cat. G NEW 945 room nights

b. Perfect Game Palm Beach Gardens Open (September 22-24, 2023) Gardens Park - $18,000 Cat. G NEW 570 room nights

c. Perfect Game WWBA World Championships / Perfect Game WWBA 13U & 14U World Championship (October 5-16, 2023) - Ballpark of the Palm Beaches, Santaluces Athletic Complex, Roger Dean Chevrolet Stadium - $107,000 Cat. G 12,502 room nights

d. Columbus Day Discovery Showdown (October 5-8, 2023) – Palm Beach Skate Zone & Palm Beach Ice Works - $8,000 Cat. G 800 room nights

e. USTA Columbus Day Open (October 7-9, 2023) - Boca West Country Club, Boca Lago Country Club, Delray Beach Tennis Center, Seven Bridges Tennis Center, Palm Beach Gardens Tennis Center – Up to $7,500 Cat. G 500 room nights

f. World Comes to the Palm Beaches (October 25-29, 2023) - Ballpark of the Palm Beaches & Santaluces Athletic Complex - $17,500 Cat. G 1,650 room nights

g. TimberTech Championship (October 30 – November 5, 2023) Old Course at Broken Sound - $50,000 Cat. G 2,500 room nights

h. Men’s Senior Baseball League Fall Classic (November 4-18, 2023) - Ballpark of the Palm Beaches & Roger Dean Chevrolet Stadium - $68,000 Cat. G 6,480 room nights

i. Equestrian Holiday and Horses Circuit (November 29 – December 31, 2023) Wellington International –Up to $20,000 Cat. G 12,375 room nights

j. “Little Mo” Internationals in Florida (December 1-6, 2023) Palm Beach Gardens Tennis Center$15,000 Cat. G 1,500 room nights

k. Garden of Life Palm Beaches Marathon (December 9-10, 2023) Meyer Park Amphitheatre - $25,000 Cat. G 2,160 room nights

Palm Beach County Sports Commission Site Visits - FY23

Palm Beach County Sports Commission Site Visits - FY23

Marketing & Promotions

• Stories written and published in the month of April

o Florida Atlantic University Men’s Basketball Honored for Historic First Final Four Run

o Palm Beach County to Host NCAA Division I Women’s Golf Regional

o USA Secures Spot in Billie Jean King Cup Finals With Victory Over Austria

o University of North Texas Women’s Golf Makes History in The Palm Beaches

o Thousands Take On The Palm Beaches Spartan Sprint Weekend in Boca Raton

Social Media & Digital Advertising

Social Media:

• Creating and publishing content across all Palm Beach County Sports Commission social media accounts which currently includes Facebook, Twitter, Instagram, LinkedIn, and YouTube

• Managing HubSpot marketing software to schedule posts and track engagement across all platforms

Top performing social media posts:

• Nearly 500 athletes from across the state of Florida came together to compete in the AAU Florida Gold Karate Championships and National Team Trials on April 15-16 at Palm Beach Atlantic University – PBA

• The nation's best golfers are coming to Palm Beach County for the @NCAA Division I Women's Golf Regional!

Earned Media: The Billie Jean King Cup

The United States earned their place in the Billie Jean King Cup finals after defeating Austria in The Palm Beaches. The Palm Beach County Sports Commission partnered with the United States Tennis Association to host the matches from April 14-15 at the Delray Beach Tennis Center. This Billie Jean King Cup Tie was a best-of-five match series with two singles matches on Friday, April 14 and two reverse singles matches and a doubles match on Saturday, April 15. The Billie Jean King Cup brought international attention to The Palm Beaches through widespread media coverage and a live broadcast of the matches on the Tennis Channel.

Advertising – Spartan Race

The Palm Beach County Sports Commission was highly visible when The Palm Beaches hosted the Spartan Race at Burt Aaronson South County Regional Park in Boca Raton the weekend of April 22. Before, during, and after the event, the Sports Commission were featued in social media posts (pictured below), banners throughout the race grounds and other signage.

Thousands Take On The Palm Beaches Spartan Sprint Weekend in Boca Raton

The Palm Beach County Sports Commission partnered with Spartan Race, Inc. in organizing The Palm Beaches Spartan Sprint Weekend on April 21- 22 at Burt Aaronson South County Regional Park in Boca Raton. Over 9,500 participants from across the United States competed in the event.

Spartan Race is the world’s largest obstacle competition and endurance brand. This event featured Spartan’s signature “sprint” style race, which encom passes 3.2 miles and 20 obstacles. Obstacles included fire jumps, tall walls, monkey bars, rope climbs, and more. Runners entered one of three different divisions. The elite division was held for the best of competitors. Racers also competed by age group ( 14 -17, 18 -24, 25 -29, 30 -39, 40- 49, or 50+), or entered the open division for more recreational racers.

Consistent with Spartan events around the world, The Palm Beaches Spartan Sprint Weekend featured a youth race, for ages 4 -13 years, where they were put to the test against age- appropriate obstacles and race distances.

With an influx of visitors, the event created over $5 million in visitor spending for Palm Beach County while filling thousands of hotel rooms. The room night demand is expected to arrive at more than 4,200.

The host venue for the event, Burt Aaronson South County Regional Park, has been home to the race since 2019 when the Palm Beach County Sports Commission won a bid to bring the event to Boca Raton. The facility is one of the most vers atile sports venues in Palm Beach County.

Palm Beach County hosted this Spartan Race for the fourth time in the last five years (the event was canceled in 2020 due the pandemic). Spartan is the world’s most prominent organization that promotes endurance sp orts that includes extraordinary challenges. Spartan participants have incredible brand loyalty and travel from all corners of the globe to experience these races.

SPRING BRINGS STILL PHOTOGRAPHY TO THE PALM BEACHES IN THIS ISSUE

TMRW SPORTS IN PBC

SECRET RELATIONSHIPS

LEGALLY BLONDE

WHAT’S POPPIN’ PBC?

LEGISLATIVE UPDATE

COASTAL VIBES

ARTY GOLF CLASSIC

The Palm Beaches are camera ready for editorial campaigns, product photography, street fashion and lifestyle imagery with a variety of backdrops from agricultural to waterway angles and everything in between. Recently, the California company Ruggable choose the 2022 Kips Bay Designer Showcase Home in West Palm Beach as the backdrop for their line of washable rugs inspired by style icon, Iris Apfel.

Anthropologie also utilized the same location on their collaboration with Londonbased printmaker Ellen Merchant whose collection required a stylized backdrop to show off the prints in the collection. Miami-based Broder Productions scouted the location and utilized the property for scenes inside and outside to take advantage of the lighting and saturated colors.

The production team for Vineyard Vines brought their quintessential American clothing line to town for a bit of fun in the sun, spending an entire day on the water, first on a sailboat, then on a picnic boat and wrapped up their two-day shoot at their shop on Worth Avenue.

One Kings Lane found a property in West Palm Beach to be the setting for products that launched during the spring. Meanwhile, Lacoste featured Venus Williams in their newest sunglasses campaign in Delray Beach.

Year after year, the still photography industry has generated millions of dollars for the County. And with brands using ambassadors that live in The Palm Beaches, it’s no surprise that agencies are choosing to shoot their catalog work and media campaigns where their brand ambassadors live. Find more locations for filming in our searchable online locations database.

STUDENT SHOWCASE, ONE MORE TIME!

The Palm Beaches Student Showcase of Films welcomed a full house on April 21, 2023 at the Maltz Jupiter Theatre event paid homage to the ‘90s and celebrated Florida’s best student filmmakers. The award show featured a red-carpet experience, jams from the ‘90s, and one poppin’ opening act. Frank Licari, stage and screen actor, producer, and host of the South Florida PBS series On The Town in The Palm Beaches with Frank Licari, opened the show with his rendition of a late-night ‘90s talk show and a medley of fan-favorite hits, including the Brittany Spears’ debut single, Baby One More Time. More than 600 guests, including celebrity presenters, industry pros, media, County dignitaries, and performers, attended the event. The Showcase received a record-breaking 528 eligible submissions from 75 schools across the state. 12 winners were awarded more than $20,000 in scholarship money, along with customized signature trophies. Click here for a full list of 2023 SSOF winners.

COCO GAUFF IS FACE OF BAKER TILLY

Tennis star Coco Gauff has been announced as the new brand ambassador for CPA firm Baker Tilly US, LLP. CEO Alan Whitman, spoke highly of Coco, calling her a "trailblazer" whose "quiet confidence and steely courage are riveting to watch." Meanwhile, Coco described Baker Tilly as a "dynamic organization" that dreams big and thinks boldly and expressed her excitement at building a rewarding relationship with them. The partnership's use of promotional shots that feature two of PBC’s locations showcases the sports and entertainment scene on a worldwide platform. Production took place at the Delray Beach Tennis Center and the Ray Hotel. The Tennis Center, featuring a stadium that holds 8,200 spectators, boasts 14 clay courts and 6 hard courts that host several professional and amateur tournaments throughout the year.

The Ray Hotel, located in downtown Delray Beach, features large-scale sculptures and lush open-space areas that are perfect for filming.

MADOFF, THE MONSTER OF WALL STREET LEGALLY BLONDE, THE MUSICAL

The Netflix docuseries Madoff, The Monster of Wall Street opens with a scene of waves crashing along the shores of Palm Beach. From there, viewers are taken to an elite country club restaurant overlooking the ocean. That location is Al Fresco at the Palm Beach Par 3, Florida’s top oceanfront golf course. The series gained international attention for its gripping portrayal of one of the biggest financial frauds in history, chronicling the rise and fall of Bernie Madoff through the massive Ponzi scheme that defrauded thousands of investors of billions of dollars. The series, directed by Academy Award nominee Joe Berlinger, has a 90% critic score on Rotten Tomatoes. To find film-friendly locations in The Palm Beaches, visit our online database

The international award-winning tribute to Girl Power, Legally Blonde, The Musical, is coming to the Kravis Center. The adaptation of the romantic comedy starring Reese Witherspoon as Elle Woods, is coming live to the Alexander W. Dreyfoos Concert Hall from May 16 to May 21, 2023 Grab a seat and immerse yourself in the story of Elle, a prominent sorority girl who is smart, beautiful, a fashion icon but most importantly (to her)single! To win over her ex, Elle decides to show that she is more than just a pretty face – and enrolls in Harvard Law School for her Juris Doctorate. With some laughs and tears, the cast tells the story of beauty and brains and everything in between. The line-up features world-class artists in music, dance, comedy, top-touring Broadway hits and more at the Kravis Center for the Performing Arts. For events listed on the FTC website, visit https://www.pbfilm.com/events-month.

Palm Beach County is excited to announce the return of the Delray Beach Pickleball Open & Shootout for its 3rd Annual event, May 10-14, 2023! This event has been a huge success the past two years and is now offering new divisions for seniors and super seniors, as well as a $30K prize purse for the Pro and Senior Pro divisions. For those who want to witness the high-level competition up close, there are limited VIP stadium seating packages available. The event also includes a Pickleball with a Purpose Charity Pro/AM and a Celebrity Exhibition on May 10th, featuring the new NPL Champions League Exhibition between Boca Raton Picklers and Naples on Stadium Court. Viewers can catch all the action from the event, which will be televised or streamed by various networks. Don't miss out on the chance to experience the excitement firsthand! Check out the 3rd Annual Delray Beach Pickleball event sizzle reel for a sneak peek of what's to come.

Look out Monday night football fans, golf is coming for the prime time spot!

TMRW Sports Group – a sports tech business founded by TigerWoods,Rory McIlroy and sports media executive, Mike McCarley, will bring a first-of-its-kind league and venue to Palm Beach County and will evolve the sport of golf.

In February, guests attended the groundbreaking ceremony for Tech Golf League (TGL) at Palm Beach State College. In partnership with the PGA Tour, TGL will offer virtual and inperson golf games to fans everywhere. Like other live sporting events, this new-aged interactive league will allow stadium fans to have an up-close experience watching some of their favorite golfers compete in 18-hole match play in 15 regular-season games beginning in 2024. In addition to driving more tourism and golf fans to The Palm Beaches. TMRW Sports Group donated $1M to Palm Beach State College to develop a hightech golf league on the Palm Beach Gardens campus.

FIND OUT WHAT’S POPPIN’ ANYTIME ON DEMAND

Get ready! Kitty Lundan and her crew are out in The Palm Beaches shooting more episodes of the great new series What’s Poppin’ PBC? Kitty’s wit, style and comedic flair light up the screen, whether she’s sampling fare from a vegan food truck in West Palm Beach, grooming horses at an equine-rescue in Jupiter Farms or taking time for a night on the town in Lake Worth Beach. Kitty, a local entertainer and media personality, relishes her new role: “I am an official TV producer,” she says, “Wow, sometimes reality just hits you.” You can catch the latest shows on demand at thepalmbeaches.tv.

FOCUS ON FILM

TMRW SPORTS COMES TO PBC

DELRAY BEACH PICKELBALL OPEN

MTV’S SECRET RELATIONSHIP

The Palm Beaches were highlighted in the recently aired MTV show Help! I’m in a Secret Relationship, Season 2, and featured several locations throughout the County. The show's production team worked closely with the FTC to secure locations, coordinate off-duty police, and bring their vision to life.

The crew filmed scenes at popular locations, including Lake Worth Beach, West Palm Beach, Mizner Park in Boca Raton, and Atlantic Avenue in Delray Beach. The show also featured stunning aerial shots of the County's coastline and beautiful beachfront properties. The production team was impressed with Palm Beach County’s diversity of locations and the cooperation of local authorities in making the filming process as smooth as possible and wanted to thank all the businesses, authorities, and individuals who helped make their production a success.

STUDIOS & SOUNDSTAGES

Palm Beach County is proud to be home to more than 150 production related companies, including several studios and soundstages available for filmmakers and production companies alike. These facilities range in size from 2,500 to 22,000 square feet, and are equipped with state-of-the-art technology for a variety of production needs. With easy access to highways and Palm Beach International Airport, as well as local resources and support, the variety of studios and soundstages available in The Palm Beaches make it a convenient and film-friendly destination for productions, large or small.

In addition, the County offers a wide variety of unique locations that are camera ready for production along with free One-Stop permitting, designed to secure locations for commercial filming purposes. For more information, including finding the best option for your production needs, visit the Palm Beach County Film & Television Commission's website,

JUDGE EARL STEWART COMMERCIAL

Earl Stewart Toyota filmed in Palm Beach County for the second time to create webisodes and commercials at the historic 1916 Courthouse. The dealership previously filmed at the courthouse in 2022 and enjoyed the experience so much that they returned to the iconic location.

The 1916 Courthouse is a popular location for courtroom scenes due to its grandeur and sophisticated architecture. The building's unique history and stunning features make it an ideal setting for a wide range of productions. The dealership's dedication to preserving the history and beauty of the County is evident in their choice of location. Earl Stewart Toyota's decision to return to the courthouse for their latest production highlights their commitment to creating engaging, relatable, and memorable content for their audience. The final product of Earl Stewart Toyota’s production can be seen here

LEGISLATIVE UPDATE

Lawmakers in Tallahassee put Florida’s entertainment production industry in the spotlight during the recent legislative session.

House Speaker Paul Renner introduced House Bill 5 that –among other things eliminates the Entertainment Industry Sales Tax Exemption, managed by the Florida Office of Film and Entertainment. If passed, this could increase production costs for filmmakers operating in The Palm Beaches and throughout the state.

The stand-alone bill was renamed HB7030 and cleared all committees in the House. However, the Senate has not yet taken up the issue. The 2023 legislative session runs through May 5th. Check out these entertainment production industry podcasts to stay up-to-date and in

NATURAL BEAUTY, BBQ AND MILITARY TRIBUTES ON PBTV’S WATCH PARTIES IN MAY

Want to learn about Boca Raton’s role in WW2 efforts? Or discover some of the most beautifully landscaped gardens on the planet? What about finding Bar-B-Que so good it’ll make you want to dance? Subscribe to the Film Commission’s YouTube channel and tune-in every Tuesday at noon in May to find out. The Palm Beaches TV Watch Party series is made up of short clips from popular PBTV programs, like On the Town in The Palm Beaches with Frank Licari, What’s Poppin’ PBC? & Passport to The Palm Beaches. Local sports personality, Theo Dorsey is not only the host he’s also a fan: “My favorite part,” he says, “is discovering new, fun things to check out in Palm Beach County and share them with the world!”

FILM FLASHBACK: BODY HEAT

As summer approaches, movie fans might want to revisit the classic neo-noir film, Body Heat. Set in a sultry Florida town during the hottest months of the year. The 1981 film features locations such as the Lake Worth Beach Casino Building and Beach Complex and stunning Palm Beach mansions. Directed by Lawrence Kasdan, the movie's storyline revolves around deceit, passion, and murder, with intense lighting and music to heighten its drama. The on-screen chemistry between William Hurt and Kathleen Turner makes for an engaging watch and solidifies Body Heat as a classic of the neo-noir genre. For those seeking a thrilling crime story with a steamy Florida setting, this is a must-watch film that perfectly captures the atmosphere of the summer season.

LOCATION SPOTLIGHT COASTAL BACKDROPS

With 47 miles of coastline, there is a wide variety of coastal back drops including inlet waterways that are ready for their closeup. The Boca Raton Inlet leads to Lake Boca where luxury living and the iconic hotel The Boca Raton reside. Don’t miss the Eschelman Pavilion, a remnant of the Cloisters Inn from the 1920s, a popular location for photography - with its arches, create a striking backdrop for lifestyle images.

For a more industrial look, the Boynton Beach Inlet offers a sand dredge on the north side of the inlet that pumps sand onto the beach just past the very large black boulders that dot the shore in clusters and serve as an interesting backdrop for models to pose against.

The Lake Worth Inlet is a shipping lane for cargo and cruise ships and the home of Peanut Island. The area boasts a legendary sand bar for snorkeling, strolling and sunbathing, making for a lively atmosphere and backdrop for all things coastal.

Jupiter Inlet is where the Loxahatchee River and the Intracoastal Waterway converge into the Atlantic Ocean with several marinas and waterfront dining options within view of the historic Jupiter Lighthouse. Find out more about coastal backdrops by visiting our online locations database.

EDUCATION CORNER

The Arty Falk Memorial Golf Classic presented by Palm Beach Gardens High Schools Sports Management and Recreation Magnet Program, returns this month to The Palm Beaches.

This fundraiser is the only event that supports all six of the schools magnet programs and the Arty Falk Scholarship honors their beloved, late assistant principal and the founder of the school’s Five Star Magnet School Program. The program offers students unique courses and opportunities in preparation for top postsecondary schools and future careers including Culinary Arts, Global Business & Entrepreneurship, Pre-Medicine, Sports Management and Recreation, Television and Film Production Technology and Tourism, Hospitality and Resort Management. Over 1,000 students are enrolled in the six program areas and take specialized classes that emphasize academics and important life and career skills. The golf tournament benefits the award-winning programs at Palm Beach Gardens High School that is known for preparing young people for college and the workforce with hands on learning.

Join faculty, students and supporters to celebrate the PBGHS Five Star Magnet Program on Saturday, May 13, 2023, at the Sandhill Crane Golf in Palm Beach Gardens for breakfast, networking, contest, silent auction, awards, lunch…and of course, a lively round of golf for a good purpose!

To register or find out more about sponsorship opportunities, visit artyfalkgolfclassic.com

BOARD OF COUNTY COMMISSIONERS

Mayor Gregg K. Weiss | Vice Mayor Maria Sachs

Commissioners Maria G. Marino | Michael Barnett | Mack Bernard | Sarah Baxter | Marci Woodward County Administrator Verdenia Baker

Contributors: Vanessa Cadet, Penelope Douglas, Alberto Jordat, Kelly King, Matthew Mazzamaro, Brandon Perry To

Production Activity Report For March 2023

Variance Explanations

Percentage change variances of ± 10% in performance statistics are explained in this section

1. Total Production Revenue: A 12% YTD increase in Total Production Revenue is due to high-budget projects that helped get production off to a strong start in the new year. Those high-impact productions include a Super Bowl commercial featuring Serena Williams, a TV series for Amazon Prime, a TV series for Paramount+, and – most recently – the 2023 Honda Classic.

2. Total Productions: A 10% YTD increase in Total Productions is due to the increase in permits issued. Some projects, such as a docuseries out of the UK and a lifestyle show out of Canada, required multiple permits as they worked throughout Palm Beach County.

3. Total Leads: A 30% decrease in Total Leads can be attributed to filmmakers’ access to available technology. Rather than needing to communicate or coordinate with a film office, many professionals can now search for locations online by using tools like the FTC’s online location database. In fact, during the first three months of 2023, website traffic to the FTC’s location database page increased 154% compared to the first three months of 2022.

4. Lead Responses: A 29% decrease in Lead Responses goes hand-in-hand with the decrease in Total Leads

5. Lead Conversions: A 25% decrease in Lead Conversions represents 18 leads converted to projects during the first three months of 2023 versus 24 Lead Conversions in 2022. With that, the decrease in Lead conversions goes hand-in-hand with the decrease in Total Leads.

6. Website Unique Visitors: A 150% YTD increase in Website Unique Visitors is due to a spike in website visitors during the firth three months of the year Website traffic increase in January was largely driven by traffic to pages on the website related to the Student Showcase of Films, which had a record-breaking numberofentriesthisyear. ThespikeinFebruary’swebsitetrafficwaslargely drivenby afewsocialmedia posts that were shared by groups with large audiences. And March saw a 25% increase in website traffic compared to the previous year.

23-065 3 Blink

March 2023 Permits & Shot No Permits

London, UK

23-068 3 Crawford Entertainment Lake Mary, FL

February 28 / March 2 / March 9 / March 11 – EXTERIOR BROLL: Area in West Palm Beach from corner 1st St & N Tamarind Ave to corner 3rd St & N Tamarind Ave to corner 3rd St & FL-5 to corner 1st St & FL-5

February 28 – EXTERIOR BROLL: Coconut Lane, Ocean Ridge

March 1 – EXTERIOR B-ROLL: Area in Boca Raton from N Federal Hwy & 28th St to N Federal Hwy & 20th St

March 2 – INTERIOR

INTERVIEW: Office of The State Attorney, 401 N Dixie Hwy, West Palm Beach, FL 33401 March 4 / March 7 / March 8 –EXTERIOR B-ROLL: Jupiter, FLFrederick Small Road, Poinciana Drive, Barcelona Drive, San Mommy DearestDonna Horwitz Story

MANG Nursery (Private Location) - 312 Pine Way Trail, West Palm Beach, FL 33406 Currie Park Boat Ramp - 2400 N Flagler Dr, West Palm Beach, FL 33407

Tarpon Cove - No address (Community Event Planting mangroves) In intercoastal Protect

Films

23-069 3 Blink Films London, UK

February 28 / March 2 / March 9

/ March 11 – EXTERIOR B-

ROLL: Area in West Palm Beach from corner 1st St & N Tamarind Ave to corner 3rd St & N

Tamarind Ave to corner 3rd St & FL-5 to corner 1st St & FL-5

February 28 – EXTERIOR B-

ROLL: Coconut Lane, Ocean Ridge

March 1 – EXTERIOR B-ROLL: Area in Boca Raton from N Federal Hwy & 28th St to N Federal Hwy & 20th St

March 2 – INTERIOR

INTERVIEW: Office of The State Attorney, 401 N Dixie Hwy, West Palm Beach, FL 33401

March 4 / March 7 / March 8 –

EXTERIOR B-ROLL: Jupiter, FLFrederick Small Road, Poinciana Drive, Barcelona Drive, San Mommy DearestDonna Horwitz Story

February 28 / March 2 / March 9 / March 11 – EXTERIOR B-

ROLL: Area in West Palm Beach from corner 1st St & N Tamarind Ave to corner 3rd St & N Tamarind Ave to corner 3rd St & FL-5 to corner 1st St & FL-5

February 28 – EXTERIOR BROLL: Coconut Lane, Ocean Ridge

March 1 – EXTERIOR B-ROLL: Area in Boca Raton from N Federal Hwy & 28th St to N Federal Hwy & 20th St

2 – INTERIOR

Office of The State Attorney, 401 N Dixie Hwy, West Palm Beach, FL 33401 March 4 / March 7 / March

&

23-079

Student Permit 3

Arielle Wiedeman - Palm Beach Atlantic University Palm Beach, FL

The corner of Merrill Avenue and Hamptons Road in West Palm Beach by the Marshall and Vera Lea Rinker Athletic Campus MisTAKEN 7

February 28 / March 2 / March 9

/ March 11 – EXTERIOR BROLL: Area in West Palm Beach from corner 1st St & N Tamarind Ave to corner 3rd St & N Tamarind Ave to corner 3rd St & FL-5 to corner 1st St & FL-5

February 28 – EXTERIOR BROLL: Coconut Lane, Ocean Ridge

March 1 – EXTERIOR B-ROLL: Area in Boca Raton from N Federal Hwy & 28th St to N Federal Hwy & 20th St

March 2 – INTERIOR

INTERVIEW: Office of The State Attorney, 401 N Dixie Hwy, West Palm Beach, FL 33401

March 4 / March 7 / March 8 –

23-080 3

EXTERIOR B-ROLL: Jupiter, FLFrederick Small Road, Poinciana Drive, Barcelona Drive, San Mommy DearestDonna

TOTAL SHOT NO

PERMIT 24

S = Tourism Branding Content Sponsorship Program (TDC Funded)

NOTE: Production Revenue is reported once with the first Permit/Shot No Permit of each Sponsorship Project.

Permits & Shot No

Permits Totals

*The Honda Classic numbers are a percentage of the total economic impact projected. We are waiting to receive actual numbers from the Sports Commission.

* The FTC will use a monthly average based on the year 2022 unless advised to do otherwise by these companies.

**The C.V. Whitney & Les Amours Cup numbers are a percentage of the total economic impact projected for both events. We are waiting to receive actual numbers from the Sports Commission.

Permits & Shot No Permits Projects Subtotals

$11,369,286 $13,811,683 $25,180,969

ANNUAL TOTALS

ROI 1991-2022

Castles in Haiti

2022 PROJECT BREAKDOWN

Feature Films

Christmas Overtime

Fable GO

Positive Motion Pictures

Puffing Iron

The ReBirth Unfelt

YouthQuake

Feature Films Total: 9

Television

18 Holes with Natalie Gulbis and Jimmy Hanlin

America's First Resort Destination (Episode 1)

America’s First Resort Destination (Episode 3)

Bachelorette S19

Business Hunters

Cold Case Files

Diner's Drive-ins and Dives

Harlem Globetrotters Play It Forward

House Hunters - HGTV

I Am Jazz Season 8

Indefensible with Jena Friedman

JTV Live with Ay Langdon

New York Homicide

Murder Under The Friday Night Lights

On The Town in The Palm Beaches (Black Voices)

On The Town in The Palm Beaches (Caribbean Heritage)

On The Town in The Palm Beaches (LGBTQ Pride)

Once Upon A Time In Jupiter

Pan’s Garden (Palm Beach Island)

Passport to The Palm Beaches (Boating)

Sarah Sherman Samuel Home Renovation Series

The Balancing Act (Back To School Segment)

The Wreck of Echo 10-4

Travels and Traditions Shopping the Palm Beaches

Untitled Project

What's Poppin' PBC! (Web Content)

Wild Palm Beaches (Episode 2)

Winter Equestrian Festival

You, Me & My Ex

90 Day Fiance

America’s First Resort Destination (Episode 2)

America’s First Resort Destination (Episode 2)

Billion Dollar Buyers

CBS Saturday Mornings - Preservation of Fish Segment

Criblore

Dr. Pimple Popper

Hot Yachts

How America Works

In Pursuit with John Walsh

Infamy

Killers Caught On Camera

Military Makeover

Noggin Knows

On The Town in The Palm Beaches (Black Voices II)

On The Town in The Palm Beaches (Hispanic Heritage)

On The Town in The Palm Beaches (Eco Adventures)

Panic 911

Passport to The Palm Beaches (Holidays)

Renovation Island

Taking the Stand

The Jinx

Top Gear

Untitled Business Show

What's Poppin' PBC! (Show Sizzle)

Wild Palm Beaches (Episode 1)

Wild Palm Beaches (Episode 3)

Women of Golf

Television Total: 65

WPTV Promos

2022 PROJECT BREAKDOWN

Commercials & Infomercials

WPTV Image Campaign

Car Shield Audemars Piguet

Lytal Reiter video North Face - Latina Outdoors

Spring Break

21-0247 MARRIOTT

Golf Apps Gatorade

Quick Survive Lytal Reiter - Best of Palm Beach County 2022

G-Form Soccer Fall 2022

Mamitas

Triune Promo

21-0247 MARRIOTT

Microsoft with Coco

Sunny 1079 - 2022 Promo

Nike Spec Ready Rocker

DetectTogether

Untitled Branded Content Piece

Under Armour Double Slackline

Untitled Branded Content Piece Clear the Shelter

Rukus Superthotics

Arctic Air Pocket Chill

EZ Purchase Sasquatch

One Less Thing

VisitFlorida: cooking series

Bullseye Tire Pump ACTS Retirement-Life Communities Photoshoot

Judge Earl Stewart Toyota

Trelegy Asthma

Beken Golf and Teefinder

Reco Island - Night Light

Splash Wow reMarkable

Commercial for Southern Coast Services Grey Sky

Lori Berman Campaign Shoot

My Fly Birdie

Cultural Council for PBC Brand Video

Smith Ball and Baez Holiday commercials

TIDL - spray on pain relief

Ed Morse - The Diner

Kia Delray commercial shoot

Brightline PSA Campaign

Wubble

Jupiter Medical Center - Waiting 2022

MP921 AUS OPEN

LaserX

Commercials & Infomercials Total: 54

Music Videos

Sisterhood Night Opener

Nekcali - Ojos De Mar

All About You! Music Video Corre

Music Videos Total: 4

2022 PROJECT BREAKDOWN

Still Photography

Discover The Palm Beaches - PBIA

Bare Necessities Swim Campaign

Intimissimi 4ocean Q1 Product Shoot

Maisonette Spring Break

Audemars Piguet

Summer Family Apparel Photoshoot

JC Summer

Pickleball Banyan and Olive

Mustang Cobra CITY Furniture Summer Catalog

Express Summer Photo Shoot

Nellie King Champions Magazine Cover

Gore Medical Peripheral Studies

Sofibella Photoshoot

Resort 2023 Asset Shoot

Christian Public Social Action Capture

Franklin Pickleball Photoshoot

FAU 360 Virtual Tour Capture

Beach Pumpkin Patch

Untitled Still Photography

Lilly Pullitzer

Cultural Council for PBC Brand Video

Sunset Magic Hour 4

Family photo-session (magazine cover)

Aerie SP23 Swim PDP

One Kings Lane Spring Campaign

MadJax Brand Shoot

Fashion Shoot Jupiter Magazine

Mission for Moms - Mother's Day Minis

Greatness Wins Photoshoot

Waxing The City

Indeed Lifestyle Brand PBC

Lifestyle shoot

Untitled Photoshoot

Palm Beaches Fam Expansion Campaign

LOVE Inc. Photoshoot

Photo for Boca Life Magazine Article

First Republic Testimonial

Sunset Magic Hour 3

Attorney photo shoot

Holiday Sessions

Let's Go Photo Shoot

MP921 AUS OPEN

Sunrise 1

Visit Florida - Tourism Campaign

Untitled Photoshoot

Still Photography: 48

2022 PROJECT BREAKDOWN

Documentaries, Live Sports/Events, Short Films, Videos, Web Content, and Student Projects

Broadcast Beat Exercise Video Daughters of the Sea

Listen'

ATP Champions Tour - Content My Son Doesnt Like Me Being A Real Life Mermaid Planet Shark

CADS

Between

Actors

Mustang

Don't Fear King Saul Jackdrive Wheelchairs

HG

Forever's

Ocean

Resort

Asset Shoot

Canine Support Teams - Kevin Babington

MVMNT Camp Opener

Samantha Dudes and Dogs

VisitFlorida cooking series Killers Caught On Camera

Untitled Feature Documentary Teen Wilderness

Lifestyle shoot Christian Pulisic Social Action Capture

The Wreck of Echo 10-4

The Call Vitruvi Ana

The Book of James' Week 2 Teaching Fluid

35410 FAU Testimonials No Kid Hungry

Cultural Council for Palm Beach County

Football - CBS Sports

FAU Owls Football - CBS Sports - FAU vs UCF FAU Owls Football vs SE Louisiana

Readery

Portrait Of An Artist - Akiane

Brand Video Nutcracker in the Wild Sky Organics

Let's Go Photo Shoot

FAU Owls Football - CBS Sports - FAU vs WKU

Breakfast Television Live in Palm Beaches

Castles in Haiti

Travels and Traditions with Burt WolfWhat's Cooking Hooked on The Palm Beaches

Wild Palm Beaches Passport to The Palm Beaches Just Bring Your Game Passport to The Palm Beaches

Hounds Under My Bed The Jinx

Visit Floridas Youve Gotta Try This Adventure Edition Boca Inlet Boats

All About You! Music Video

Filming Boats

Boca Raton Bowl

- OJOS DE MAR CORRE

MadJax Brand Shoot

Sisterhood Night Opener

Documentaries, Short Films, Videos, Student Projects & Web Content Total: 127

THE PALM BEACHES TELEVISION

Ale Trail of The Palm Beaches

Barrett Jackson

Boat Show TV

Convention Center Promo

County Destination for PBC

Cultural Concierge Tips - Science Center & Aquarium

Cultural ConciergeTips - Boca Museum of Art

Cultural Concierge Tips - Mounts Botanical Gardens

Glenn Jergensen Welcome Message

Goliath Groupers with Jim Abernethy

It’s a Shore Thing - Dr. Beach

Mark Your Art in Public Art Delray Beach

Mosaic Filler

One Voice

Palm Beach County Parks - Amphitheaters

Palm Beach County Parks - Boating

Palm Beach County Parks - Nature

Palm Beach County Parks - The Glades

Palm Beaches - South Florida’s Cultural Capital

PBC Parks & Recreation - Loxahatchee Riverbend

Shades of Culture - Daniel Ulbricht

Shades of Culture - Vanilla Ice

Shades of Culture - Anthony Laciura

Shades of Culture - Tito Puente, Jr.

Snorkel Trail- Blue Heron Bridge

Snorkel Trail- Ocean Reel Park

Supercar Week

The Glades Region with BDB

The Palm Beaches Marathon

The Perfect Place - Discover The Palm Beaches

The Perfect Week of Sports

This is Palm Beach Culture

Turtle Town with Jim Abernethy

Why PBC with Business Development Board

YEAR

FEATURE-LENGTH FILMS 1991-2022

Go - Go 2 Productions, LLC

The ReBirth - Leinia Free Productions

Fable - A Second Start Studios

Puffing Iron - Puffing Iron, LLC

2022

Unfelt - Unfelt, LLC

YouthQuake - You Create Academy

Castles in Haiti - Castles in Haiti, LLC

Christmas Overtime - Night Dove Pictures

Untitled - Positive Motion Pictures

Payton's Caper - Frozen Pixel LLC

Look At Me - XCJS LLC

2021

2020

2019

2018

TITLE

2017

Starry Nights - IFCM Corp dba FilmGate and Prism Theory Productions

Youthquake - You Create Academy

Hitmen - Alexandra Bello Production, LLC

American Prom - Positive Motion Pictures

Payton's Caper - Frozzen Pixel, LLC

Starry Nights - Prism Theory Productions

The Conservatory - Alexandra Bello Production, LLC

Critical Thinking - Critical Thinking LLC

A Place in the Dark - Ife Creative Works

Sick Minded - Go Live Films / La3Films

Home Stretch - Fine Art Productions

Cercle - Pierre A. Rivard

Existential - Urartu Pictures LLC

The Driven - Dee Gang Pictures LLC

Director - TCD Productions, LLC

The Irishman - Villa Roma Productions / Netflix

Pre-Judge Us - Go Live Films & Fire Creek Entertainment

Snakehead - Valiant Pictures LLC

Swiped (Continuation of Production from 2016) - Swiped LLC

Storm Cell - Chaos Made LLC

Baywatch - Viacom, Inc and Paramount Worldwide Productions

2016

The Comedian - Sony Pictures Classics

Swiped - Swiped LLC- Dove Pictures - Ann Fishman

2015

The Shadow Fighter - The Shadow Fighter, LLC

The Big Frozen Gumshoe - Very Serious Films LLC

2014

Sam and Me - BF Kirk & Co, LLC (Continuation from 2013)

The Town Inside - Dope Boogie Films, LLC and Dope Boogie Films

Evil Dark- Evil Dark LLC

After Midnight - Blue Hour Films LLC

Intuition - Orion's Belt

Hidden Assets -Worldmark Entertainment and Journey Entertainment, LLC

Hollow Creek -New Beginning Films LLC, Newfoundland Films (Continued from 2012)

2013

My Father, Mi Padre -FigTree Films, LLC

Open My Eyes -Prime Cinema

Sam and Me -B.F. Kirk Co. LLC

Assumed Memories-Concord Films, LLC

Not for Human Consumption - NFHC, LLC and Media Services

Ned Venture - Ned Venture, LLC

2012

Run Stinky Run - Stinky Films, LLC

Finding Joy - Kreate Films

Hollow Creek - New Beginning Films, LLC

All That You Can't Leave Behind - ATYCLB Productions, LLC

Gina and the GIT - Zatorsky Productions

Hurricane Alvin - Adam Walters & Adam Walters Production Company

2011

Parker - Flashfire Productions, LLC

Unforgotten - New Beginnings Films

Untitled Teen Comedy/Horror Film - Take2 Productions, Inc. & Spring Break Massacre, LLC

Suppressed Emotions - Saint Mic Productions

Fashion Editorial in Palm Beach Illustrated - Palm Beach Media Group

Gina and the GIT - Zatorsky Productions

2010

Untitled Teen Comedy/Girls Gone Dead- Take 2 Prod. Inc & Spring Break Massacre, LLC

Columbiana - Columbiana, Inc.

Ex Wife - Fine Art Video

Way Back - Fine Art Video

Beware – Road 8 Entertainment

Chronological Order – Saturday Pictures LLC

Criss Cross – S.G. Productions Inc.

Dr. Feelgood – Ameritol Productions

Incubus – SMIRK Entertainment

It’s A Dog Gone Tale: Destiny’s Stand – G-Star School of the Arts

2009

Redeeming Love - Abba Productions

Reporting For Duty

Rolling Thunder – Palm Beach Image Factory

Suppressed Emotions – Saint Mic Productions

The Encounter – Ladrach Productions

Turkles – Palm Beach Film Group

USS Seaviper – Saturn Sound Studios

Caped Crusaders

I Love You Too – St. Fleur Entertainment

Marley & Me – Fox Entertainment Group

2008

Mea Culpa

The Novelist – New Beginning Films LLC

The Revenge of Rodney – Kreyol Production LLC

Schizo Critic

Sex Drive (aka Untitled Teen Road Movie) – Summit Films (Continuation from 2007)

Son of Morning – SOM Films, LLC

Two – G-Star Studios

Uncommon Criminals

U.S.S. SEAVIPER – Saturn Sound Studios

We Are Prey

Wild Sunflowers - Straightaway Moving Pictures

2006

9:04 am- MPS Digital Studios and 9:04am

A Modern Twain Story: The Prince and the Pauper -Oak Films

Dancin on the Edge –Krane Productions, LLC

Film Contest?-Film Contest? LLC

Haunting Karen -Aberdeen Soldier Productions

2006

Hiding Victoria-Hiding Victoria Productions

Hogzilla-Maxim Films

Patsy- 11:Eleven Pictures

Bart Got A Room - Basra Entertainment

Pretty in Red -Brassco Page Productions

The Passage-New World Visuals

Waiting- Way Feature Films

Zoom Suit- Super Verse

The Doors- Blue Water Films & Silver Beach Productions

A Cigar at the Beach- Triskelian Entertainment

2005

Alternative Medicine- One-Twenty Inc.

Confessions of a Paralyzed Robot- Arm and a Leg Productions

Fountain- Creative Communications TV

Franklin Charter- Kat Scratch Films, LLC

Hiding Victoria (Pre Production) - Fish Tale Productions

Hitters Anonymous - Filmmakers Resources, Inc. (a.k.a. Parrot Films)

Black Flag Black Yard Flagger – Sarah Parker Model Agency

Boynton Beach Bereavement Club, The - Snowbird Films, LLC

Dirty Love - Five Star Productions

DRAW - Five Star Productions

Gulfstream Challenge - Professional Photographers of America

Hiding Victoria - Fish Tale Productions

Hitter's Anonymous - Filmmakers Resources, Inc. (a.k.a. Parrot Films)

In Her Shoes - Fox Entertainment

Indecent Contradiction - St. Francis College

2004

Jo Bole So Nihaal (In the Name of God) - MDR Productions

La Migra - Breakaway Films VI LLC

Love Kills - Five Star Productions

Lucky - Siren Films

Magician, The - Rhino Studios

Once in a Lifetime a.k.a. The New York Cosmos - Passion NYC Ltd.

One Hell of a Day - Five Star Productions

Recurrences - Tall Man Productions

The Magician - Rhino Studios

Traitor - Ajah Video & Movie Production

2003

Draw – Five Star Productions

Hollywood Lies – Five Star Productions

Impacting Faith – Battle Medialab

In Her Shoes (Pre-Production) – Fox 2000 Pictures

JD Williams – Spike Productions

Lick –It Man – Rogue Wave Productions

Mulligan Circle (Pre-Production) – American Rhino Productions

My Big Phat Hip-Hop Family – Breakaway Films

Off the Chain – 24/7 Films (Reshot)

Redemption – Fred Capetelli and F&M Music

Shut Up and Kiss Me! – Suzanne DeLaurentiis Productions (Continuation from 2002)

Women and Intimacy Issues Affecting Women Today – Price Parker

2003

The Glades – Magic Hour Pictures

Lemonade – Capitol Pictures

My Name is Caroline – Enfocus Productions

Off the Chain – Illucid Productions and 24/7 Films

Scary Tales: The Return of Mr. Lonfellow – Mirror Productions

Shut Up and Kiss Me! – Suzanne DeLaurentiis Productions

2002

3 Strange Days – Jericho Pictures

All For Nothin’ (Pre-Production) – Wild Panther Productions

Bad Boys 2 – Columbia Pictures, Jerry Bruckheimer Productions/Michael Bay Films

Heart of Stone – Miami Lights Camera Action

Imagining Robert: My Brother, Madness, and Survival – Jay Neugeboren

The Changing Light of Day – James Nicholson

Deal – ASN Entertainment

2001

Havana Bay – HB Productions

Untitled (Prep) – Abba Productions

Do You Wanna Know A Secret? – Del-Mar Productions

Heartbreakers - MGM

2000

The Librarians – Global Pictures One

Daylight Robbery – Hewland International

Adrift in the Heartland – Tiny Leaps Productions

1999

Dave’s Day Out – Victoria Productions

The Disciples – Viacom Productions

Imprisoned – ASN Entertainment

The Last Marshal – Filmtown Entertainment and Newman/Tooley Films

1998

Raging Hormones – Canvas Films, Global Solutions Network, Planet Production & Thrill Street

The Skeleton Sky

1997

Happiness – Good Machine, Killer Films and October Films

Maximum Bob – Sonnenfeld / Josephson and Warner Bros Television

Alien Agenda: Endangered Species – Brimstone Productions

Cross Over

1996

Donnie Brasco – Baltimore Pictures, Mandalay Entertainment, Mark Johnson Productions & TriStar

Seniors – Ed Wood Productions

1995

The Search for Amy

Creep – Twisted Illusions

Illtown – The Shooting Gallery

The Last Home Run – Horizon Productions and The Shooting Gallery

Striptease – Castle Rock Entertainment and Lobell/Bergman Productions

Up Close and Personal – Cinergi Pictures Entertainment and Touchstone Pictures

The Man from Left Field – CBS-TV

Smoke ‘n Lightnin’ – American Cinema Group

Shame II: The Secret – Viacom Productions

1994

1994

Once Upon a Time – Fulvia Films

Point of Betrayal – The Jonathan Krane Group

Wicked Games – Twisted Illusions

The Maddening – Team M, Inc.

Smoke n Lightnin’ – Mike Kirton

Traces of Red – Samuel Goldwyn Company

Whispers in the Dark – Paramount Pictures

1993

500 Nations - CBS-TV

Gross Misconduct – CBC-TV

Staying Afloat – NBC-TV

1992

Folks! – PentAmerica and Penta Pictures

1991

Cape Fear – Universal, Amblin Entertainment, Coppa Films and Tribecca Productions

Passenger 57 – Warner Bros

Final Frame – Kinesis Films 1989

1990

B.L. Stryker – Universal Television 1988 B.L. Stryker – Universal Television 1987 Sweet Surrender – Andrew Susskind (producer)

Smokey and the Bandit II – Universal Pictures

Empire of the Ants – American International Pictures 1967

Gentle Ben*– Ivan Tors Films 1926 The Palm Beach Girl- Erle C. Kenton (director) 1923 The Exciters - Maurice Campbell (director) 1923

Fog Bound - Irvin Willat (director)

*This production initiated the creation of the FTC by the PBC Board of County Commissioners

ANNUAL BREAKDOWN BY THE NUMBERS

DISTRIBUTION SYSTEMS IN PBC

Local TV Stations & Cable/Distribution Systems

2022 PROGRAMMING SURVEY

The following 152 companies represent Palm Beach County-based production companies. Additionally, the Programming Survey reflects the status of original syndicated and local programming produced in Palm Beach County, and other services provided by production companies.

The programming survey shows that there are 179+ programs produced in PBC (+ means additional programming for "Various")

It represents 2,222 episodes

Contact:

branding, advertising, web design and development, photography and video production.

through collaboration and powers digital brand distribution, specializing in the execution of impactful and quantifiable content marketing strategies.

Contact: Pete Barrett

Email: barrett@petebarrett.com petebarrett.com

with

Contact: Shelby Halberg

Email: shelby@blankframefilms.com blankframefilms.com

Contact: Ben Hicks

Contact:

Contact: Suzanne Niedland

Email: buseyefilms@me.com buseyefilms.com

Contact:

produce a variety of projects including brand films, training videos, corporate and commercial videos, documentaries, photography, and more.

Contact:

Contact:

Contact:

Contact: Julianne Albanese

Email: julie@huttonmiller.com huttonmiller.com

Contact: Neil London

Email: neillondon@ictv1.com ictv1.com

Contact: John Bennardo

Email: john@immaginevideo.com immaginevideo.com

Contact: Shaw Burrows Email: info@inquisitionfilms.com inquisitionfilms.com

insert stage available for rent.

Contact: Ben Wilson

Email: bw@ptvseries.com

Contact: Victor Milt

Email: vicmilt@victormilt.com victormilt.com

award-winning production services from conception to completion. PO Box 7396, West Palm Beach 561.573.7226

Contact: Edward Email: ecarr@iquestpro.com iquestpro.com

424 Independence Rd, West Palm Beach 561.329.1123

Contact: Ian Jacob

Email: info@ianjacobphotography.com jacobstudios.com

Contact:

1976

ocean and environmental videos. 216 Federal Highway, Lake Park 561.842.6356

Contact: Jim Abernethy

Email: info@scuba-adventures.com scuba-adventures.com

Post Audio production

pro-tools truck. "If it makes sound, they'll get it."

Contact: Cooper Getschal

Email: getcoop@gmail.com getschal.com

Contact: Kendall Apte

Email: kendall@kendoproductions.com kendoproductions.com

Contact: Kim Fontaine

Email: kim@kimfontaine.com

Contact: Michael LaFrance

Contact: David Schanzer

Contact:

Contact: Dan Doskey Email: dan@lgwmediaworks.com lgwmediaworks.com 1980

2004

Beach County and around the world since 1980. 13 Springdale Circle, Palm Springs 561.641.8181

Contact: John Koterba

Email: john@lightningvideos.com lightningvideos.com

top quality videos in

film company producing Feature Films, Shorts and Commercials. 721 US Hwy 1 Ste 103, North Palm Beach 561.401.3389

Contact: Josh Louis

Email: joshualouis@magicflamefilms.com magicflamefilms.com

Contact: Kenny Greenbaum

Email: majicrobotfilms@bellsouth.net majicrobotfilms.blogspot.com

Contact: Marc Hickman

Email: info@marchickmanphotography.com marchickmanphotography.com

Contact:

Email: mediamonkpro@gmail.com mediamonkproductions.com

Contact:

Email:

Contact:

Contact:

Email:

275 N Swinton Ave, Delray Beach

Contact: Oscar Ubiluz

1701 Clint Moore Road, Boca Raton 561.994.3515

Contact: Jim Ballentine

Various n/a n/a varies

Whether it’s a moving video, an engaging game on a mobile device, or a thrilling extravaganza in a giant sporting arena, MIG knows how to spark an audience’s imagination.

"Making the media work for you" 561.266.9084

Contact: Karen Lustgarten

Various n/a n/a Varies

1979 National Teleproductions Various n/a n/a Varies Specializes

2515 Iroquois Circle, West Palm Beach 561.689.9271/561.329.2338

Contact: Bob Peterson

in creating, producing and managing film & television projects for clients worldwide. Complete Production Services with Full Crews, Equipment pkgs, Multi-Camera Mobile Unit.

2014 Night Dove Pictures Feature Films n/a n/a Varies Production

company founded by writer, producer, director and attorney Ann Fishman.

Contact: Ann Fishman

Contact:

Contact:

Contact: Bob Buruchian Email: bob@playimage.com

Contact: Jennifer Seremetis-Jager Email: jennifer@plumproductions.com

Contact:

Email:

Contact: Salvatore Marotta Eail: sm@smmgrp.com smmgrp.com

Contact: Tam Vu Email: tamvu7@gmail.com

Contact: Greg James Blount

Email: gregoryjames@me.com soundtreeentertainment.wordpress.com

Contact:

Contact:

Contact: Michael Tribolet

low cost alternative to cable television. Focusing on niche programming. They allow content producers to own their own channel and take complete control of the programming guide.

Contact: Monte Young Email: monte_young@me.com

Contact: Brian Zippin Email: brian@zipinmedia.com zipinmedia.com

Survey (Including *Feature/Documentary, **Recording Companies, ***Television Stations and ****Distribution Companies)

Palm Beach Convention Center

FINANCIAL OPERATIONS ANALYSIS REPORT-BUDGET COMPARISON

Palm Beach Convention Center

FINANCIAL OPERATIONS ANALYSIS REPORT-PRIOR YEAR COMPARISON

For the Five Months Ending February 2023

TDC Marketing Report – May 2023

May Events

Social Media

Social Media Followers

Facebook – 8,770 (March) to 8,778 (April)

Instagram - 2,869 (March) to 2,905 (April)

LinkedIn - 516 (March) to 552 (April)

Instagram Monthly Total

Interactions –178 (March) to 150 (April)

Impressions – 4,930 (March) to 3,603 (April)

Reach – 1,043 (March) to 843 (April)

Generate Profile Visits – 441 (March) to 228 (April)

Facebook Monthly Total

People Reached – 2,155 (March) to 1,860 (April)

Post Engagements – 16,808 (March) to 13,044 (April)

Page Likes – 15 (March) to 10 (April)

LinkedIn Profile Views - 57 (March) to 67 (April)

Engagements - 122 (March) to 183 (April)

Impressions – 4,970 (March) to 6,957 (April)

Connections - 394 (March) to 425 (April)

Media

Florida Courier Events - Mayor's Ball 2023 [google.com]

Florida Courier

Our 9th Annual Mayor's Ball will be a live, in-person event on April 1, 2023 at the Palm Beach County Convention Center

MINT ECO CAR WASH AWARDED THE PALM BEACH POST'S "BEST CAR WASH AND ...

PR Newswire

Twenty members of the Mint Eco team attended The Annual Best of Palm Beach Gala at the Palm Beach County Convention Center last night to celebrate

Americas travel retail rebounds after Covid-19 - The global choice for drinks buyers [google.com]

Drinks International

This month's IAADFS Summit of the Americas show, which is due to take place at the Palm Beach County Convention Center in West Palm Beach,

On location at the IAADFS Summit of the Americas 2023 - The Moodie Davitt Report [google.com]

The Moodie Davitt Report

The event runs from Sunday 16 to Wednesday 19 April at the Palm Beach County Convention Center, with over 70 exhibitors booked and around 1,000

2023 Closets Expo and WPE Florida opens with strong attendance | Woodworking Network

Woodworking Network

... on April 13 with 1100 pre-registered attendees and 83 companies exhibiting hundreds of products at the Palm Beach County Convention Center

Hempacco to Exhibit at 2023 Summit of the Americas in Florida, April 16-19, in Booth #103

Yahoo Finance

Location: Palm Beach County Convention Center in West Palm Beach, Florida. Hempacco's Booth Number: 103. See HempBox Vending's kiosk machines with

Movie theater at The Square in West Palm closer to becoming office [google.com]

Palm Beach Post

... which, according to Schneider, wants to see more hotel space there to accommodate the nearby Palm Beach County Convention Center

Summit of the Americas attracts 1,078 attendees – up 34% on 2022 - Travel Retail Business [google.com]

Travel Retail Business

A total of 389 buyers attended the Summit, which took place from 17-19 April at the Palm Beach County Convention Center, representing 33% of the

Video: Scenes from Closets Conference & Expo 2023 - Woodworking Network [google.com]

Woodworking Network

... Florida with over 1100 pre-registered attendees and 83 companies exhibiting hundreds of products at the Palm Beach County Convention Center

DEFINITE Room Rental by Month

April 2023 Project Status Report

Department of Environmental Resources Management

Sea Turtle Lighting: As sea turtle nesting continues on County beaches, ERM staff have been conducting routine night time lighting inspections focusing on regulatory lighting compliance and enforcement in areas within the County’s jurisdiction Artificial lighting poses a major threat to both nesting female sea turtles and their hatchlings. In an attempt to minimize this threat, ERM staff patrol the beach at night documenting any non-compliant lighting visible from the beach Staff work closely alongside coastal property managers and home owners to discuss and implement recommended corrections for achieving compliance

Monceaux Park Living Shoreline: More than forty students, teachers, and administrative staff headed to the Lake Worth Lagoon this month to help ERM plant the two living shorelines along the park’s seawall The group planted 100 red mangroves (donated by MANG) and 700 grass seedlings in planters lined with rocks The students also got up-close and personal with some of the creatures living in the lagoon. Getting wet and muddy with the students were Conniston Middle School Science Teacher Elizabeth Eck, Principal James Thomas, Chief Operating Officer Joseph Sanches, and Superintendent of the School District of Palm Beach County Michael J Burke The Monceaux Park Living Shoreline is a partnership between ERM and The City of West Palm Beach to bring valuable wildlife habitat to seawall-lined sections along Lake Worth Lagoon

Tarpon Cove Planting: Students and teachers from Palm Beach Day Academy planted 300 red mangroves on the newly created island. This was the 7th and final planting event at Tarpon Cove In total, 228 volunteers helped to plant over 2,300 mangroves and 8,000 saltmarsh cordgrass seedlings this year

Palm Beach County Board of County Commissioners

Gregg K. Weiss, Mayor, Maria Sachs, Vice Mayor, Maria G. Marino, Michael A. Barnett, Marci Woodward, Sara Baxter, Mack Bernard

SEA TURTLE LIGHTING INSPECTION

TARPON COVE PLANTING

MONCEAUX PLANTING

Weeding for the Birds: ERM staff and volunteers spent several hours removing vegetation and trash from two islands at Tarpon Cove restoration area in Lake Worth Lagoon The group focused on the raised sandy areas that are a favorite for nesting shorebirds The volunteers removed 20 bags of vegetation and trash.

Wading Bird Rookery: ERM staff documented another successful breeding season at the rookeries in the Loxahatchee Slough Natural Area. Staff documented 198 nests of several species, including Little Blue Heron, Tri-Colored Heron, Snowy Egret, Cattle Egret, Great Egret, Great Blue Heron, and Black-Crowned Night Heron Our restoration efforts have been successful in providing critical habitat for these wading bird species.

Currie Park Earth Day Cleanup: In coordination with Visit Palm Beach, Beach Bucket Foundation, City of West Palm Beach, Keep West Palm Beach Beautiful, ERM, Live Freediving, and Business Flare, 74 volunteers (and 23 paddlers) removed over 400 pounds of trash from the shoreline and throughout the park

Invasive Species: ERM staff led an interagency workday to treat a newly established invasive species, Scleria microcarpa This plant is native to parts of the Caribbean and South America, and it has known invasive populations in Polk and Osceola Counties. In Florida, it forms dense stands in the understory of cypress and hardwood swamps, out-competing native species At least six agencies within the Treasure Coast Cooperative Invasive Species Management Area (CISMA) worked together to map and treat this species. This was done as part of an early detection and rapid response strategy that will aid in extirpating this invader before it becomes widely spread in our area

Adventure Awaits: Register NOW for a FREE event at PBCERM.EVENTBRITE.COM!

UPCOMING ERM EVENTS

• May 12: TRAIL RUN at Cypress Creek North

• May 14: SUNSET AT THE ROOST at Pine Glades

• May 27: INVASIVE SPECIES WALK at Frenchman’s Forest

Palm Beach County Board of County Commissioners

Gregg K. Weiss, Mayor, Maria Sachs, Vice Mayor, Maria G. Marino, Michael A. Barnett, Marci Woodward, Sara Baxter, Mack Bernard

WADING BIRD ROOKERY

CURRIE PARK EARTH DAY CLEANUP

PALM BEACH INTERNATIONAL AIRPORT TRAFFIC REPORT

for the period ended March 2023

(1) Estimated Seat Capacity; Adjusted Innovata/OAG Scheduled seats, actual capacity may vary

(2) Percentage Change in load factor is stated in absolute difference

(3) Freight plus mail in US Tons

(4) Landings plus Takeoffs, includes cargo carriers

(5) Per FAA Tower

Palm Beach County Department of Airports

846 PBIA, West Palm Beach , FL 33406-1470

www.pbia.org

PALM BEACH INTERNATIONAL AIRPORT

PALM BEACH INTERNATIONAL AIRPORT TRAFFIC REPORT

AIRPORTS COUNCIL INTERNATIONAL

** In metric tons as required by ACI reporting standards includes Mail plus Freight

* Per FAA Tower

FY2023 CONTRACT TRACKING REPORT

SUBCONTRACTS OVER $100,000

O:TDC/Tdcmtgs2022/ContractTrackingReport/Tracking Report Feb.

PALM BEACH COUNTY

Palm Beach County's tourism marketing program by serving as expert to the cultural sector, stewarding funds

Generate hotel room nights in Palm Beach County related to cultural tourism.

Increase awareness of Palm Beach County as a cultural destination through integrated advertising,

Cultural Concierge program to grow high-impact cultural tourism and meeting/event

PALM BEACH COUNTY

Tourist Development Council

Cultural Council of Palm Beach County Semi-Annual Performance Measures

PALM BEACH COUNTY

Develop new tourism based TV shows. Projects within this category include in-development, in-production

PALM BEACH COUNTY

PALM BEACH COUNTY

PALM BEACH COUNTY

PALM BEACH COUNTY

Note: Excludes Tax Collector commissions and TDC chargeoffs

5. OLD BUSINESS

To: Tourist Development Council

Fr: Emanuel Perry EP

Date: May 5, 2023

Topic: TDC Dashboard May Report–Activity March and FYTD 2023

Bed Tax CollectionsMarch 2023 collected in April @ $12M compared to the same month last year @ $11.4M was an increase of 6%. Actual March was 11% above Budget and 7% above the prior month @ $11.2M. Actual March was 53% higher than 2019, a new record for any March since reporting started.

FYTD23 Collections @ $56.5M, were higher than last fiscal year to date’s $50M by 13%, reflecting a strong recovery from the pandemic. Fiscal Year to Date collections at $56.5M are pacing 10% ahead of the Approved Budget. FYTD collections of $56.5M, 55% higher than our Record 2019.

Tourist Development Council Dashboard

Current Month 2023 vs. 2022 Fiscal Month 5.A.1

March 2023 Net Hotel Sales increased 5% over Last Year, Non-Hotel Sales increased 25% over Last Year

April Collections for March 2023 increased 6% over L.Y. Over last Month increased 7%; 11% above Budget

March 2023 Hotel Room Nights Sold increased 3% over the same month Last Year.

March 2023 Hotel Room Nights Available for Sale increased 3% over Last Year. 18,999 Rooms Open.

March 2023

Passengers through PBI increased 12% over the same month Last Year.

March 2023 Est. Seat Capacity at PBI increased 1% over the same month Last Year.

Tourist Development Council Dashboard

Fiscal Year 2023 vs. 2022 5.A.1

FY2023

FY2023 Net Rental Revenue

FYTD 2023 Hotel Net Sales increased 13% over Last Year, Non-Hotel Sales increased 16% over Last Year

FY2023

FYTD 2023 Collections increased 13% over Last Year, compared to FYTD Budget higher by 10%

FYTD 2023 Hotel Room Nights Sold increased 9% over Last Year

FYTD 2023 Hotel Room Nights Available for Sale increased 2% from Last Year

March 2023 Passengers Through PBI is up 14% over Previous 12 Month Rolling Actuals

March 2023 at 96,000 up 5% over Last Year ; F&B at 62,400 increased 6%; Arts & Entertainment at 22,000 increased 1%; Hotels at 11,600 up 11%

Tourist Development Council Dashboard

Current Month 2023 vs. 2019 Fiscal Month 5.A.1

Month-

March 2023 Net Hotel Sales increased 45% over Year 2019, Non-Hotel Sales increased 145% over Year 2019

April Collections for March 2023 were 53% above March FY19.This was a Record, the highest FY March of Collections ever, 6% above March FY22.

March 2023 Hotel Room Nights Sold increased 7% over FY 2019 for the same month.

March 2023 Hotel Room Nights Available for Sale increased 12% over Year 2019. 18,999 Rooms Open.

March 2023 Passengers through PBI increased 9% over FY 2019 for the same month

March 2023 Est. Seat Capacity at PBI decreased (2%) over FY 2019 for same month

Tourist Development Council Dashboard

Fiscal Year 2023 vs. 2019 5.A.1

FY2023 Net Rental Revenue

FYTD 2023 Hotel Net Sales increased 48% over 2019, Non-Hotel Sales 128% higher than FYTD 2019

FYTD 2023 Collections increased 55% over FYTD 2019, and 13% higher than FYTD 2022

FYTD 2023 Hotel Room Nights Sold increased 8% over FYTD 2019

FYTD 2023 Hotel Room Nights Available for Sale increased 11% from same period 2019

March 2023 FYTD Passengers Through PBI increased 7% over FYTD 2019 12 Month Rolling Actuals

March 2023 at 96,000 up 2.0% over 2019 ; F&B at 62,400 up 3%; Arts & Entertainment at 22,000 up 2%; Hotels at 11,600 down (3%) over FY 2019

GROSS COLLECTIONS

NET COLLECTIONS

PALM BEACH COUNTY

YTD

TDC AGENCIES AUDIT REPORTS 2022

May

Palm Beach County Sports Commission

PALM BEACH COUNTY SPORTS COMMISSION, INC.

PALM BEACH COUNTY SPORTS COMMISSION, INC.

Mark Escoffery, P.A.

INDEPENDENT AUDITOR’S REPORT

To The Board of Directors

Palm Beach County Sports Commission, Inc.

West Palm Beach, Florida

Opinion

I have audited the accompanying Financial Statements of Palm Beach County Sports Commission, Inc., (‘the Organization”) (a not-for-profit organization) which comprise the Statements of Financial Position as of September 30, 2022 and 2021, and the related Statements of Activities, Functional Expenses and Cash Flows for the year then ended, and the related notes to the financial statements.

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Organization as of September 30, 2022 and 2021 and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

I conducted my audit in accordance with auditing standards generally accepted in the United States of America. My responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of my report. I am required to be independent of Palm Beach County Sports Commission, Inc. and to meet my other ethical responsibilities in accordance with the relevant ethical requirements relating to my audit. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Palm Beach County Sports Commission, Inc.’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

Auditor’s Responsibilities for the Audit of the Financial Statements

My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes my opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists.

The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, I:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Palm Beach County Sports Commission, Inc.'s internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Palm Beach County Sports Commission, Inc.'s ability to continue as a going concern for a reasonable period of time.

I am required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that I identified during the audit.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, I have also issued my report dated March 17, 2023, on my consideration of Palm Beach County Sports Commission, Inc.’s internal control over financial reporting and on my tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of my testing of internal control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Organization’s internal control over financial reporting and compliance.

Palm Beach Gardens, Florida March 17, 2023

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF FINANCIAL POSITION

SEPTEMBER 30, 2022 AND 2021

Without DonorWith Donor2022 RestrictionsRestrictionsTotal2021

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF ACTIVITIES FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

Without DonorWith Donor

PALM BEACH COUNTY SPORTS COMMISSION, INC.

STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

See Accompanying Notes to Financial Statements

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

Supporting Services

See Accompanying Notes to Financial Statements

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Activities

The Palm Beach County Sports Commission, Inc. ("the Commission") is a Florida based not-for-profit organization that has a contractual agreement (Note 2) with Palm Beach County, Florida (A Political Subdivision of the State of Florida) ("the County") dedicated to attracting and supporting tourism to the County through sports promotion and events. The Commission also (through its private “noncontract” support) promotes youth sports in the County. Both “contract” and “non-contract” activities utilize local facilities, create hotel room nights, and have a positive economic impact on the County.

Comparable Financial Information

The Financial Statements include certain prior year summarized comparative information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with accounting principles generally accepted in the United States of America. Accordingly, such information should be read in conjunction with the financial statements for the year ended September 30, 2021, from which the summarized information was derived. Certain 2021 amounts may be reclassified to conform to 2022 classifications. Such reclassifications had no effect on the change in net assets as previously reported.

Basis of Presentation

The Commission's financial statements are prepared on the accrual basis of accounting and in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-14 (Topic 958), and the provisions of the American Institute of Certified Public Accountants (AICPA) "Audit and Accounting Guide for Not-for-Profit Organizations."

Net assets and revenue, expenses, gains, and losses are classified based on the existence or absence of donor-imposed restrictions. Accordingly, net assets of the Organization and changes therein are classified as follows:

Net assets without donor restrictions: Net assets that are not subject to donor-imposed restrictions and may be expended for any purpose in performing the primary objectives of the Organization. The Organization's board may designate assets without restrictions for specific operational purposes from time to time. The Commission releases any purpose restrictions when the asset is in place in service for the use stipulated by the donor (e.g., grantors).

Net assets with donor restrictions: Net assets subject to stipulations imposed by donors. Some donor restrictions are temporary in nature; those restrictions will be met by actions of the Organization and/or by the passage of time.

Revenue is reported as an increase in net assets without donor restrictions unless use of the related assets is limited by donor-imposed or contractual restrictions. Expenses are reported as decreases in net assets without donor restrictions.

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd.)

Cash and Cash Equivalents

Cash equivalents consist of short-term highly liquid investments which are readily convertible into cash within ninety days of purchase.

Accounts Receivable

Accounts receivables are carried at the amount of the commitment expected to be recovered. Receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received. Management does not believe an allowance for bad debts is necessary, and none is provided.

Inventory

Inventory consists of items donated and are recorded at fair market value.

Refundable Advance

As part of the Commission's contract with the County beginning in 2017 the Commission received refundable advances to be used for operating expenses. The total refundable advance as of September 30, 2022, totaled $500,000. Accordingly, a liability is recorded in the same amount.

Contributions

All contributions are available for unrestricted use, unless specifically restricted by the donor Amounts designated for future periods or restricted by the donor for specific purposes are reported as contributions with donor restrictions.

Support that is restricted by the donor is reported as an increase in net assets if the restriction expires in the reporting period in which the support is recognized. All other donor restricted support is reported as an increase in net assets with donor restrictions, depending on the nature of the restrictions. When a donor restriction expires (that is, when a stipulated time restriction ends, or purpose restriction is accomplished) net assets with donor restrictions are reclassified to unrestricted net assets and reported in the Statement of Activities as net assets released from restrictions

Concentration of Credit Risk

Financial instruments that subject the Commission to concentrations of credit risk include cash. While the Commission attempts to limit its financial exposure, its deposit balances have at times exceeded federally insured limits. The Commission maintains accounts at institutions insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. The Commission has not experienced any losses on such balances.

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd.)

Donated Services and In-Kind Contributions

The Commission records goods and services contributed by volunteers as support and expenses if they meet the criteria for measurement. Contributed goods are recorded at fair value at the date of donation. Donated services are recognized as contributions if the services (a) create or enhance nonfinancial assets or (b) require specialized skills, are performed by people with those skills, and would otherwise be purchased by the Commission. Donated goods, services, and certain operating expenses paid on behalf of the Commission (Note 7).

Functional Allocation of Expenses

The costs of program services and supporting activities have been summarized on a functional basis in the Statements of Activities. Program services are the costs that fulfill the purpose or mission for which the Commission exists. Supporting activities are all activities, other than program services, that include management and general expenses and fundraising expenses.

The Statement of Functional Expenses presents detail of the natural classification of expenses by function. Accordingly, certain costs have been allocated among programs and supporting activities benefited based on estimates of time and effort.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles include the use of estimates that affect the financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Accordingly, actual results could differ from those estimates.

Income Taxes

The Commission is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Commission's tax- exempt purpose is subject to taxation as unrelated business income. Management does not believe any income tax is due and there is no provision for taxes in these financial statements.

The Commission's Form 990, Return of Organization Exempt from Income Tax, for the years ended September 30, 2021, 2020, and 2019 are subject to examination by the IRS, generally for three years after being filed. There are no current examinations by the Internal Revenue Service.

Advertising

The Commission's advertising is primarily non-direct, and such costs are expensed as incurred. For the year ended September 30, 2022, the Commission incurred approximately $63,939 in advertising costs, which are reported as advertising in the Statement of Functional Expenses.

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd.)

New Accounting Pronouncements

In February 2016, the FASB issued ASU 2016-02 – Leases (Topic 842). The amendments in this update supersede much of the existing authoritative guidance for leases and will require lessees to recognize rightof-use assets and liabilities for most leases with terms longer than twelve months. This standard is effective for annual reporting periods beginning after December 15, 2021. The Commission has evaluated the impact of this standard on its financial statements and will implement for the fiscal year beginning October 1, 2022.

Recently Adopted Accounting Policies

As of October 1, 2020, the Commission adopted the provisions of FASB ASU 2014-09 – Revenue from Contracts with Customers (Topic 606). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled. The Commission has evaluated the impact of the standard and determined that it did not result in significant changes to its method of revenue recognition.

As of October 1, 2020, the Commission adopted amendments to provisions of FASB ASU 2016-18 –Statement of Cash Flows (Topic 230): Restricted Cash. The implementation of ASU 2016-18 affects the presentation in the statement of cash flows to provide information that reconciles cash and restricted cash to amounts reported in the statement of financial position.

NOTE 2 - CONTRACT WITH PALM BEACH COUNTY

Effective February 1, 2015, the County levied a sixth cent of Bed Tax with an additional allocation to the Commission of 11.62%. Increasing the funding for this contract to 8.16% of the second, third, fifth, and sixth cent of the Tourist Development Tax. The Commission enters a multi-year administrative services and agency contract with the County. The contract provides that the Commission will perform or administer various functions such as attracting sports events, advertising, public relations, sports marketing and trade shows, familiarization tours and other projects and promotional services to assist the County in its sporting promotion efforts. The Commission’s contract with the County totaled $1,854,000 of which $1,843,337 was recognized in the Statement of Activities for the fiscal year ended September 30, 2022. As of September 30, 2022, the cumulative reserve balance totaled $4,278,344 and remains earmarked for the Commission's use in accordance with the contract with the County.

On September 13, 2022, the Commission and the County entered into a new five-year agreement (R20221019) for the period October 1, 2022, through September 30, 2027. The contract is updated annually for certain exhibits (e.g., budget, org chart, etc.) but the body of the contract historically remains unchanged throughout the contract period.

The Commission also has in-kind activity with the County as further illustrated in Note 7.

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 3 - NON-CONTRACT EXPENSES

The Commission incurs certain expenses in the normal course of its operations which are not reimbursed under the contract with the County. These expenses are related primarily to sports events, sponsorships, and membership services that are not covered under the contract with the County. The total amount of these expenses was approximately $192,459 and $191,772 for the years ended September 30, 2022, and 2021, respectively. This includes $9,805 and $14,063 of in-kind expenses for the years ended September 30, 2022 and 2021 that are shown under the Business Entities column in the table presented in Note 7.

NOTE 4 - PENSION PLAN

The Commission adopted a 401(k) Plan and Trust on January 1, 2015, for the benefit of all eligible employees to save for retirement on a tax-advantage basis. Employees are eligible to participate in the plan on the first day of the calendar month following their date of hire. At that time, the employer will make Safe Harbor non-elective contributions equal to 3% of employee's compensation which is 100% vested. Employer also contributes discretionary or Profit-Sharing contributions of 7.86% of employee compensation which is fully vested. Effective January 1, 2015, employees under the plan may elect to contribute into the plan by making 401(k) salary deferrals which results in a reduction in their taxable wages or elect to contribute into a Roth 401(k) subject to federal income tax. Both employee deferrals in addition to employee rollover contributions from a previous employer’s Simplified Employee Pension Plan (SEP) are 100% vested immediately. Contributions made by the Commission to the 401(k) Plan for the years ended September 30, 2022, and 2021 were $81,235 and $56,316.

NOTE 5 - COMPENSATED ABSENCES

Vacation pay is accrued by employees starting on their date of hire. If employees do not take their vacation in the ensuing twelve months, they may rollover unused vacation into the following year subject to certain limits. Accrued vacation of $39,302 and $33,979 is included in these financial statements for the years ended September 30, 2022 and 2021, respectively.

NOTE 6 - COMMITMENTS

The Commission's administrative office located in West Palm Beach are provided by the County for the benefit of the Commission. The Commission leases office equipment under non-cancelable operating leases with expiration dates that extend through February 2028.

Future minimum lease payments under the operating leases are as follows:

Fiscal Year Ending September 30,

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 6 – COMMITMENTS (Cont’d)

Operating lease expense totaled $13,800 and $15,407 for the years ended September 30, 2022 and 2021, respectively, recorded within Facility Expense on the accompanying statement of functional expenses.

The Commission entered into a multi-year agreement with NorthStar Travel Media LLC to host the TEAMS Conference and Expo to be held October 2 – 5, 2023, in West Palm Beach, Florida. This conference provides multi-year branding opportunities for the Commission as part of the agreement. Total amounts paid amounted to $40,000 for the year ended September 30, 2022.

Under the contract, the Commission is committed to additional payments for as follows: a payment in 2023, in the amount of $20,000 for sponsorship and marketing benefits. Additional funding will come in the form of a grant from the Commission, in the amount of $150,000 to be paid in two equal installments of $75,000. One payment is scheduled in 2023, and another scheduled to be paid on November 15, 2023, as per the agreement.

A Florida Sports Foundation grant, secured by the Commission, in the amount of $30,000 to be paid no later than November 15, 2023.

NOTE 7 - IN-KIND CONTRIBUTIONS

Donated goods and services that meet the criteria for recognition are reflected as in-kind contributions on the accompanying statement of activities. During the fiscal year, the County paid grants, indirect operating expenses, telephone, tax collector commissions, and inspector general fees on behalf of the Commission.

The Commission receives the use of donated facilities of its administrative offices provided by the County. The fair value of office space rent, common area maintenance, and related overhead costs are calculated by the County and are included within the Indirect Operating Expenses line item in the statement of activities.

Several business entities have donated goods and services including supplies, advertising, and professional services. These goods and services are recorded at their estimated fair value. In-kind contributions for the years ended September 30, 2022, and 2021 are as follows:

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 7 - IN-KIND CONTRIBUTIONS (Cont’d)

The Commission also receives donated sports memorabilia and other goods to be auctioned at events. The contributed auction items are recorded at the estimated fair value when donated. For the fiscal year ended September 30, 2022, donated auction items valued at $4,812 were recorded as inventory on the statement of financial position.

NOTE 8 - CONCENTRATIONS-REVENUE

For the years ended September 30, 2022, and 2021, the Commission received 84% and 81% of its revenue, respectively, from expense reimbursements and indirect payments to others paid by Palm Beach County.

NOTE 9 - FAIR VALUE INSTRUMENTS

The Fair Value Measurement Topic of the FASB Accounting Standards Codification defines fair value, establishes a consistent framework for measuring fair value and expands disclosure requirements for fair value measurements. The Commission measures the fair value of assets and liabilities as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants at the measurement date. The fair value hierarchy distinguishes between independent observable inputs and unobservable inputs used to measure fair value as follows:

Level 1: Quoted prices (unadjusted) inactive markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2: Inputs other than quoted market prices included within Level 1 that are observable for an asset or liability) either directly or indirectly.

Level 3: Unobservable inputs for an asset or liability. Level 3 inputs should be used to measure fair value to the extent that observable Level 1 or 2 inputs are not available.

Generally accepted accounting principles require disclosure of an estimate of fair value of certain financial instruments. The Commission's significant financial instruments are cash, accounts receivable, prepaid expenses, accounts payable, accrued expenses, and other short-term assets and liabilities. For these financial instruments (Level 1), carrying values approximates fair value because of the short maturity of these instruments.

NOTE 10 - CONTINGENCIES

The Commission has a contractual agreement with the County. The disbursement of funds received under this agreement generally require compliance with the terms and conditions specified in the agreement. Failure to comply with the terms of the agreement could reduce or eliminate the amount of funds available to the Commission from the County. A significant reduction in the level of funding received from the County would have a substantial effect on the Commission's programs. While this is possible, management believes it is unlikely. The Commission has a longstanding successful relationship with the County and has to date accomplished the objectives of the Commission the provisions of the agreement.

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 10 - CONTINGENCIES (Cont’d)

The COVID-19 pandemic has had a broad and negative impact on commerce and financial markets around the world. The United States and global markets experienced significant declines in value resulting from uncertainty caused by the pandemic. The Commission was impacted by the pandemic but with the help of strong reserves and the Paycheck Protection Program (PPP) the Commission was able to navigate through the uncertain times.

While uncertainty in the markets overall remain, with continued supply chain issues, inflation, higher interest rates, and the potential for a recession, management believes the Commission is well positioned with a strong reserve. Additionally, bed tax revenues have not only returned to pre-pandemic levels, but the County has seen record setting bed tax revenues in 2022 and TDC forecasts for 2023 and 2024 remain optimistic.

The extent to which COVID-19 or other economic indicators may impact the Commission’s financial position, changes in net assets, and cash flows is uncertain, and accordingly, the accompanying financial statements include no adjustments relating to those potential effects.

NOTE 11 - NET ASSETS WITH DONOR RESTRICTIONS

The Commission recognizes monies received from Florida Sports Foundation (FSF) as designated with a restricted purpose. These donor-restricted funds are awarded to supplement a grant from the Sports Commission to a Category G grantee and for purposes that include business development, Coop marketing, digital media, event hosting, event servicing and familiarization tours. As of September 30, 2022, and 2021, these net assets with donor restrictions totaled $533,154 and $418,651, respectively.

Net assets were released from donor restrictions by incurring expenses satisfying the restrictions noted above of $106,177 and $163,014 for September 30, 2022, and 2021, respectively.

NOTE 12 - RELATED PARTY TRANSACTIONS

During the prior fiscal year, the Commission supported a not-for-profit organization (African American Golfers Hall of Fame) of which a member of the Board of Directors is that corporations President.

The Commission paid $4,500 and $2,500 to this related party for the year ended September 30, 2022, and 2021, respectively.

NOTE 13 - LIQUIDITY AND AVAILABLITY

The following financial assets available to meet cash needs for general expenditure, without donor restrictions or other designations limiting their use, within one year of the date of the statement of financial position:

PALM BEACH COUNTY SPORTS COMMISSION, INC.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2022, AND 2021

NOTE 13 - LIQUIDITY AND AVAILABLITY (Cont’d)

As part of the Commission’s liquidity management, it structures its financial assets to be available forgeneral expenditures and other obligations as they come due. To further help manage its liquidity needs, the Commission has been advanced cash from the County in prior fiscal years totaling $500,000. This is due to the reimbursement process which takes on average 45-60 days.

Additionally, the Commission has a cumulative reserve totaling $4,278,344 as of September 30, 2022. This reserve increases or decreases each year depending on bed tax collections and whether the Commission goes over/under budget at the end of the fiscal year. Although the Commission does not intend to spend from their reserve other than amounts appropriated for general expenditures as part of its annual contract budget approval and appropriation, amounts from their reserve could be made available, if necessary, with permission from the County and are earmarked by County Ordinance for the Commission.

NOTE 14 - PAYCHECK PROTECTION PROGRAM

On April 16, 2020, the Commission received loan proceeds in the amount of $128,053 under the Paycheck Protection Program (“PPP”). Established as part of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the PPP provided loans to qualifying businesses in amounts up to 2.5 times the business’s average monthly payroll expenses. PPP loans and accrued interest are forgivable if the borrower maintains its payroll levels and uses the loan proceeds for eligible purposes, including payroll, benefits, rent, and utilities. On April 5, 2021, the note payable was forgiven, at which time the Commission recognized the support in the accompanying statement of activities.

In March 2021, the Organization was approved for $128,053, a Second Draw of its loan through the U.S. Small Business Administration ("SBA") under the Paycheck Protection Program. During the current and prior fiscal years, loan repayments were deferred in accordance with the Paycheck Protection Flexibility Act of 2020.

On November 8, 2021, the principal and accrued interest of the second PPP loan was forgiven, at which time the Commission recognized the support in the accompanying statement of activities.

NOTE 15 - SUBSEQUENT EVENTS

The Commission has evaluated events that occurred subsequent to the year-end for potential recognition or disclosure in the financial statements through the date on which the financial statements were available to be issued.

On October 31, 2022, an additional $100,000 advance was provided by the County to the Commission for working capital as allowed per the contract with County.

The date when the financial statements were available to be issued was March 17, 2023.

Mark Escoffery, P.A.

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To The Board of Directors

Palm Beach County Sports Commission, Inc.

West Palm Beach, Florida

I have audited the financial statements of the Palm Beach County Sports Commission, Inc. (“the Organization”) (a not-for-profit organization) as of and for the years ended September 30, 2022 and 2021, and have issued my report thereon dated March 17, 2023. I conducted my audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States.

Internal Control Over Financial Reporting

In planning and performing my audits, I considered the Organization’s internal control over financial reporting as a basis for designing my auditing procedures for the purpose of expressing my opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control over financial reporting. Accordingly, I do not express an opinion on the effectiveness of the Organization’s internal control over financing reporting.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statement will not be prevented or detected and corrected on a timely basis.

My consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be deficiencies, significant deficiencies, or material weaknesses. I did not identify any deficiencies in internal control over financial reporting that I consider to be material weaknesses, as defined above.

REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS (CONT’D.)

To The Board of Directors

Palm Beach County Sports Commission, Inc.

West Palm Beach, Florida

Compliance and Other matters

As part of obtaining reasonable assurance about whether the Organization’s financial statements are free of material misstatement, I performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of my audit, and accordingly, I do not express such an opinion. The results of my tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

This report is intended solely for the information and use of Management, the Board of Directors, and others within the entity, and is not intended to be and should not be used by anyone other than these specified parties.

Palm Beach Gardens, Florida

March 17, 2023

Mark Escoffery, P.A.

March 28, 2023

Palm Beach County Sports Commission, Inc.

2195 Southern Boulevard, Suite 550 West Palm Beach, FL 33406

We have audited the financial statements of Palm Beach County Sports Commission, Inc. for the year ended September 30, 2022, and have issued our report thereon dated March 17, 2023. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our engagement letter dated December 12, 2022. Professional standards also require that we communicate to you the following information related to our audit.

Qualitative Aspects of Accounting Practices,

You are responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Palm Beach County Sports Commission Inc. are described in Note 1 to the financial statements. No new accounting policies were adopted, and the application of existing policies was not changed during the year. We noted no transactions entered into by the Company during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements and are based on your knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimate(s) affecting the financial statements was (were).

Your estimate of the allocation of functional expenses is based on time and effort observed and measured by management. We evaluated the key factors and assumptions used to develop the allocation of expenses tin determining that it is reasonable in relation to the financial statements taken as a whole.

There were no other financial statement disclosures which are particularly sensitive because of their significance to financial statement users.

The financial statement disclosures are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in performing and completing our audit.

Uncorrected Misstatements

Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. We did not find any misstatements.

Disagreements with Management

For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during our audit.

Other Audit Findings or Issues

There were no other audit findings or issues.

Other Matters

This information is intended solely for the use of Palm Beach County Sports Commission, Inc. and those charged with governance and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,

Mark Escoffery, P.A.

Palm Beach County Convention Center Food & Hospitality

OVATIONS FOOD SERVICES, L.P.

D/b/a SPECTRA FOOD SERVICES & HOSPITALITY

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

INDEPENDENT AUDITOR’S REPORT

AND FINANCIAL STATEMENTS

FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

Mark Escoffery, P.A.

INDEPENDENT AUDITOR’S REPORT

To the General Manager and Management of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality Palm Beach County Convention Center West Palm Beach, Florida

Opinion

We have audited the accompanying Statement of Profit and Loss of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality (a Florida partnership), for the year ended September 30, 2022, and the related notes to the financial statement.

In our opinion, the September 30, 2022 financial statement referred to above presents fairly, in all material respects, the results of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality’s operations for the year ended September 30, 2022 pursuant to the Food and Beverage Services Agreement referred to in Notes 1 and 2.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter

We draw attention to notes 1 and 2 of the financial statement, which describes the financial statement was prepared for the purpose of complying with the provisions of the Food and Beverage Services Agreement between the Board of County Commissioners of Palm Beach County, and Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality, which is a basis of accounting other than accounting principles generally accepted in the United States of America.

Prior Period Financial Statements

The financial statements of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality as of September 30, 2021 were audited by other auditors whose report dated May 17, 2022 expressed an unmodified opinion on those statements.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality’s internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

Palm Beach Gardens, Florida

April 13, 2023

OVATIONS FOOD SERVICES, L.P.

D/b/a SPECTRA FOOD SERVICES & HOSPITALITY

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

See Accompanying Notes and Independent Auditor's Report

OVATIONS FOOD SERVICES, L.P. D/b/a SPECTRA FOOD SERVICES & HOSPITALITY

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

NOTES TO THE STATEMENT OF PROFIT AND LOSS Years Ended September 30, 2022 and 2021

NOTE 1 – FOOD A4.ND BEVERAGE AGREEMENT

Ovations Food Services, L.P. d/b/a Spectra Food Services & Hospitality (the “Company”) and Palm Beach County are parties to a Food and Beverage Services Agreement dated July 1, 2010 (the “Agreement”), wherein the County granted the Company the exclusive right to provide food and beverage and catering services (the “Food and Beverage Services”) at the Palm Beach County Convention Center (the “Center”) subject to certain exceptions, as defined within the contract. The Agreement commenced on July 1, 2010, and will continue through September 30, 2015, a period of five (5) years and three (3) months.

There was an amendment to the original agreement with an effective date of October 1, 2015 which extended the term of the original agreement for an additional period of five (5) years commencing on October 1, 2015 and ending on September 30, 2020 (the “Extended Term”). Reference Article 2 Term. There was a second amendment to the original agreement on June 16, 2020 which extended the term of the agreement for an additional twelve (12) months commencing on October 1, 2020 and ending on September 30, 2021 (the “Extended Term”).

A third amendment to the original agreement was executed on June 15, 2021 which extended the term of the agreement for an additional twelve (12) months commencing on October 1, 2021 and ending on September 30, 2022 (the “Extended Term”).

The Company signed a new agreement with Palm Beach County that was executed on August 22, 2022 with a term of five years beginning October 1, 2022 and continuing through September 30, 2027 with the potential for one five year extension at the end of the first term.

Pursuant to the terms of the Agreement, the Company and Palm Beach County have agreed to distribute the net profits, as defined, from the Food and Beverage Services provided at the Center as follows:

 The County will receive 93% of the net profits, as defined;

 The Company will receive 7% of the net profits, as defined;

 The Company will receive a management fee of $50,000 annually with consumer price index (C.P.I.) adjustments each subsequent year.

The Company has remitted total payments to the County of $1,275,268 and $46,062 for the years ended September 30, 2022, and September 30, 2021, respectively. The County paid or credited to Ovations a total of $111,509 and $256,705, pertaining to the same periods. The amounts credited from the County to the Company represent reimbursements for months where the Center incurred a loss.

Also, pursuant to the terms of the Agreement, the Company is required to maintain a $1,000,000 performance bond under which Palm Beach County can draw upon in the event the Company does not faithfully perform, as defined, in accordance with the terms of the Agreement. The performance bond held with Hartford Fire Insurance Company covers a one (1) year period through June 30, 2022 and 2021, with annual renewals.

OVATIONS FOOD SERVICES, L.P.

D/b/a SPECTRA FOOD SERVICES & HOSPITALITY

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

NOTES TO THE STATEMENT OF PROFIT AND LOSS

Years Ended September 30, 2022 and 2021

NOTE 1 – FOOD AND BEVERAGE AGREEMENT (Cont’d)

The following is a monthly schedule of gross receipts from the following sources:

YEAR ENDED SEPTEMBER 30, 2022

YEAR ENDED SEPTEMBER 30, 2021

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

NOTES TO THE STATEMENT OF PROFIT AND LOSS

Years Ended September 30, 2022 and 2021

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

Revenue Recognition

The Company recognizes gross receipts when products are sold or services are provided to its customers.

Expense Recognition

The Company recognizes expenses based upon the accrual method of accounting unless otherwise disclosed.

NOTE 3 – RESERVE FUND

Pursuant to the terms of the Agreement, the Company provides for the purchase of small wares expended against a cumulative monthly marketing reserve fund (the “Fund”) calculated at 2% of gross receipts, which is included in other expenses in the accompanying statement. The Company can use the amounts in the Fund to pay the cost of marketing activities and for the purchase of small wares, as defined. The Fund is not required to be deposited into a separate bank account. Upon the expiration or termination of the Agreement, the Company shall remit to Palm Beach County the then-outstanding balance of the Fund. As of September 30, 2022 and 2021, the cumulative balance in the reserve fund was $174,830 and $105,023, respectively.

NOTE 4 – INSURANCE COSTS

The Company’s operations at the Center are covered under workers’ compensation and comprehensive general liability (umbrella) insurance coverage obtained by Ovations Food Services, LP and its affiliates on a consolidated basis. The total cost of this coverage has been allocated to the operating location of Ovations Food Services, LP and its affiliates, including the Center. In the accompanying statement, charges for workers’ compensation and liability coverage totaling $110,627 and $89,351 in 2022 and 2021, respectively, are included in “other payroll cost and benefits” and other expenses.

NOTE 5 – SUBCONTRACTOR INCOME

The Company has entered into various subcontractor agreements to provide certain concession and catering services at the Center. There was $476,128 of subcontract revenue recognized in 2022 and $152,287 in 2021. These amounts have been properly included in the accompanying statements as part of “subcontract and other income.”

NOTE 6 – SUPPLEMENTAL CATERING FEE

The Company adds to its catering contracts a service charge which covers all the incidental expenses incurred by Ovations to carry out the terms of the catering contract or agreement. These charges totaled $681,215 in 2022 and $246,220 in 2021.

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

NOTES TO THE STATEMENT OF PROFIT AND LOSS

Years Ended September 30, 2022 and 2021

NOTE 7 – CONSIGNMENT INCOME

Included in “subcontract and other income” are flow-through revenues of $67,057 and $76,435 for the year ended September 30, 2022 and 2021, respectively, pertaining to consignment income from services provided by the Palm Beach County Convention Center. These revenues are remitted to the building and the consignment income is included as an offsetting expense in “Administration and Other Expenses.”

NOTE 8 – INCENTIVE FEES

According to the Agreement with Palm Beach County, Ovations is entitled to receive an “incentive fee” based upon meeting certain performance measures each year. The incentive fee is calculated at 1% applied to gross sales up to $2,500,000, and up to 2% in addition based upon sales in excess of $2,500,000 up to $4,000,000. The qualitative performance measures are generally assessed subsequent to the close of the fiscal year. For the years ended September 30, 2022 and 2021, no incentive fees were earned.

NOTE 9 – RISKS AND UNCERTAINTIES

Global pandemic - On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic, which continues to spread throughout the United States. The impact of this pandemic has been and will likely continue to be extensive in many aspects of society, which has resulted in and will likely continue to result in significant disruptions to the global economy, as well as business and capital markets around the world. In an effort to halt the outbreak of COVID-19, the United States has placed significant restrictions on travel and many businesses have announced extended closures which could adversely impact the Company's operations. As of this date, we cannot reasonably estimate the remaining length or severity of this pandemic, or the extent to which the disruption may materially impact our financial operations in fiscal year 2023. Management will continue to identify, adjust and mitigate financial, operational and liquidity related risks.

NOTE 10 – SUBSEQUENT EVENTS

The Company evaluated subsequent events through April 13, 2023, which is the date the financial statements were available to be issued, for both conditions existing and not existing as of April 13, 2023 and concluded there were no subsequent events to disclose.

OVATIONS FOOD SERVICES, L.P.

D/b/a SPECTRA FOOD SERVICES & HOSPITALITY

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

NOTES TO STATEMENT OF PROFIT AND LOSS

Year Ended September 30, 2022

NOTE 11 - SCHEDULE OF MONTHLY REMITTANCES TO PALM BEACH COUNTY

OVATIONS FOOD SERVICES, L.P.

D/b/a SPECTRA FOOD SERVICES & HOSPITALITY

PALM BEACH COUNTY CONVENTION CENTER LOCATION

WEST PALM BEACH, FLORIDA

NOTES TO STATEMENT OF PROFIT AND LOSS

Year Ended September 30, 2022

Mark Escoffery, P.A.

April 13, 2023

To the General Manager and Management of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality Palm Beach County Convention Center West Palm Beach, Florida

We have audited the Statement of Profit and Loss of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality for the year ended September 30, 2022, and have issued our report thereon dated April 13, 2023. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our engagement letter dated October 24, 2022. Professional standards also require that we communicate to you the following information related to our audit.

Qualitative Aspects of Accounting Practices,

You are responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality are described in Note 2 to the financial statements. No new accounting policies were adopted, and the application of existing policies was not changed during the year. We noted no transactions entered into by the Company during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

There were no other financial statement disclosures which are particularly sensitive because of their significance to financial statement users.

The financial statement disclosures are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in performing and completing our audit.

Uncorrected Misstatements

Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. We did not find any misstatements.

Disagreements with Management

For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during our audit.

Other Audit Findings or Issues

There were no other audit findings or issues.

Other Matters

This information is intended solely for the use of Ovations Food Services, L.P. D/b/a Spectra Food Services & Hospitality and those charged with governance and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,

Mark Escoffery, P.A.

Palm Beach County Convention Center

REPORT ON AUDITS OF SPECIAL-PURPOSE FINANCIAL STATEMENTS

For the Years Ended September 30, 2022 and 2021

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

Holyfield

& Thomas, LLC

Certified Public Accountants & Advisors

125 Butler Street  West Palm Beach, FL 33407

(561)689-6000  Fax (561) 689-6001  www.holyfieldandthomas.com

INDEPENDENT AUDITOR’S REPORT

To the General Manager and Management of Global Spectrum, L.P. Palm Beach County Convention Center West Palm Beach, Florida

Opinion

We have audited the accompanying special-purpose statements of assets and liabilities of the Operations at the Palm Beach County Convention Center, Managed by Global Spectrum, L.P., as of September 30, 2022 and 2021, and the related special-purpose statements of revenues, expenses and transfers, and cash flows for the years then ended, and the related notes to the special-purpose financial statements.

In our opinion, the special-purpose financial statements referred to above present fairly, in all material respects, the assets and liabilities of the Operations at the Palm Beach County Convention Center, Managed by Global Spectrum, L.P. as of September 30, 2022 and 2021, and the revenues, expenses, transfers, and cash flows for the years then ended, in accordance with the basis of accounting described in Notes 1 and 2.

Basis for Opinion

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Palm Beach County Convention Center and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Basis of Accounting

We draw attention to Notes 1 and 2 of the special-purpose financial statements, which describe the basis of accounting and purpose for which the special-purpose financial statements are prepared. The special-purpose financial statements are prepared for the purpose of complying with the provisions of the Convention Center Operating Agreement (Management Agreement) between the Board of County Commissioners of Palm Beach County and Global Spectrum, L.P., and are not intended to be a presentation in conformity with accounting principles generally accepted in the United States of America. As a result, the financial statements may not be suitable for another purpose. Our opinion is not modified with respect to that matter.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the special-purpose financial statements in accordance with the financial reporting provisions of the Management Agreement referred to in Notes 1 and 2; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the special-purpose financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Palm Beach County Convention Center’s internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Palm Beach County Convention Center's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

Report on Supplementary Information

Our audit was conducted for the purpose of forming an opinion on the special-purpose financial statements as a whole. The unaudited combining schedule of revenues, expenses and transfers on page 13 and the related notes on page 14 are presented for purposes of additional analysis and are not a required part of the special-purpose financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the special-purpose financial statements. The information, except for that portion marked “unaudited,” on which we express no opinion, has been subjected to the auditing procedures applied in the audit of the special-purpose financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the special-purpose financial statements or to the special-purpose financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the special-purpose financial statements as a whole.

Restriction on Use

This report is intended solely for the information and use of the boards of directors and managements of Palm Beach County Convention Center and Board of County Commissioners of Palm Beach County and Global Spectrum, L.P. and is not intended to be and should not be used by anyone other than these specified parties.

Holyfield & Thomas, LLC

West Palm Beach, Florida

April 17, 2023

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER

MANAGED BY GLOBAL SPECTRUM, L.P.

SPECIAL-PURPOSE STATEMENTS OF ASSETS AND LIABILITIES

AS OF SEPTEMBER 30, 2022 AND 2021

See accompanying notes to special-purpose financial statements.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

SPECIAL-PURPOSE STATEMENTS OF REVENUES, EXPENSES AND TRANSFERS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

See accompanying notes to special-purpose financial statements.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

SPECIAL-PURPOSE STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

See accompanying notes to special-purpose financial statements.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

SPECIAL-PURPOSE STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

Reconciliation of excess revenues over expense (expenses over revenues), before transfers to net cash provided by (used in) operating activities:

Adjustments to reconcile excess revenues over expense (expenses over revenues), before transfers to net cash provided by (used in) operating activities:

See accompanying notes to special-purpose financial statements.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

1. Nature of Organization and Significant Accounting Policies

Nature of Organization

The Board of County Commissioners of Palm Beach County (the "County") entered into an agreement with a third party, Global Spectrum, L.P. (the “Organization”), a Pennsylvania limited partnership, which provides for the outsourcing of management and operation of the Palm Beach County Convention Center (the “Facility”) to the Organization. The Facility is owned by the County and is located in the City of West Palm Beach, Florida. The operations primarily include revenues generated from the rental of the Facility’s meeting rooms, audio/visual equipment and parking services.

Basis of Presentation

The special-purpose financial statements were prepared for the purpose of complying with the provisions of the Convention Center Operating Agreement (Management Agreement) between the County and the Organization and are not intended to be a complete presentation of the Facility’s assets, liabilities, revenues, and expenses in accordance with accounting principles generally accepted in the United States of America.

The special-purpose financial statements only present the assets, liabilities, revenues, expenses, and transfers of the Facility that are managed by the Organization pursuant to the provisions of the Management Agreement.

Basis of Accounting

Revenues and expenses are recognized in the special-purpose financial statements on the accrual basis of accounting. Revenue consists of rental and service income, and other ancillary income. Rental and service income is recognized when the event occurs. Ancillary income is recognized at the time of sale. All expenses are recorded when the good or service is provided.

Fair Value of Financial Instruments

The special-purpose financial statements follow Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820-10, Fair Value Measurements and Disclosures, which provides a common definition of fair value, establishes a framework to measure fair value within accounting principles generally accepted in the United States of America, and expands the disclosures about fair value measurements. The standard does not create any new fair value measurements. Instead, it applies under existing accounting pronouncements that require or permit fair value measurements.

For assets and liabilities measured at fair value on a recurring basis, entities should disclose information that allows financial statement users to assess (1) the inputs used to develop such measurements, such as Level 1 (i.e., quoted price in an active market for an identical asset or liability), Level 2 (i.e., quoted price for similar assets or liabilities in active markets), or Level 3 (i.e., unobservable inputs); and (2) the effect on changes in net assets of recurring measurements that use significant unobservable (Level 3) inputs. The special-purpose financial statements do not include financial instruments measured at fair value on a recurring basis.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

1. Nature of Organization and Significant Accounting Policies, continued

The following methods and assumptions were used by the Organization in estimating fair value of financial instruments that are not disclosed under ASC 820-10.

Cash: The carrying amount reported approximates fair value.

Accounts receivables: The carrying amount reported approximates fair value due to the shortterm of the receivables.

Accounts payable and accrued expenses: The carrying amount reported approximates fair value due to the short-term duration of the instruments.

Due to (from) others: The carrying amount reported approximates fair value due to the shortterm duration of the instruments.

Accounting Estimates

The preparation of the special-purpose financial statements in conformity with provisions of the Management Agreement require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the special-purpose financial statement and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash

Cash consists of cash on hand, and cash in checking and saving accounts. Cash in the amounts of approximately $1,933,100 and $1,353,600 is designated for advanced deposits for events that will occur subsequent to September 30, 2022 and 2021, respectively. As of September 30, 2022, the amount of advance deposits for events in the escrow cash account exceeded the liability by approximately $179,600. This difference was due to the September monthly transfer amount for completed events was not made to the County until October 2022.

Receivables

Accounts receivable and amounts due from/to Palm Beach County, other related parties, and customers are carried at their original charged amounts, which approximate fair value, based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts, if any, by identifying troubled accounts and by using historical experience applied to an aging of accounts. Receivables are written-off when deemed uncollectible. Recoveries of accounts receivable previously written-off are recorded when received. The allowance for uncollectable accounts receivable as of September 30, 2022 and 2021 was approximately $1,600 and $0, respectively.

Deferred Revenue

As of September 30, 2022 and 2021, deferred revenue includes designated advance deposits and other amounts for events scheduled for a subsequent fiscal year. These deposits are included in the accompanying special-purpose financial statements in deferred revenue.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

1. Nature of Organization and Significant Accounting Policies, continued Advertising

Advertising costs are expensed when incurred. Advertising costs totaled approximately $1,900 and $11,000 for the years ended September 30, 2022 and 2021, respectively.

Income Tax Status

The Facility is not subject to federal or state income tax because its operations fall under the tax-exempt status of the County.

2. Management Agreement

In July 2012, the County amended and restated its operating agreement with the Organization to operate and manage the Facility, except for food, beverage, and catering services. The Management Agreement provides that Discover Palm Beach County, Inc. (a Palm Beach County not-for-profit agency) is responsible for the Organization’s long-term sales (i.e., booking events that will not occur for 18 months or more in the future). This agreement covers the period from October 1, 2012, through September 30, 2017, with an option to renew for an additional five years thereafter. In July 2017, the County and the Organization extended its operating agreement for another five years through September 30, 2022. A second amendment was entered into in May 2022, extending the operating agreement to September 30, 2023.

The Management Agreement requires that net proceeds from the operation of the Facility are paid to the County and that operating deficits, if any, are funded by the County. The County provided net funding to the Organization during fiscal year 2021, and the Organization provided net payments to the County during fiscal year 2022. These amounts are presented net on the special-purpose statements of revenues, expenses and transfer as contractual funding transfers. Should the funding reimbursements from the County not be provided, the ongoing operations would be impaired. The County's approved budget for fiscal year ended September 30, 2022 and 2021 amounted to $5,350,000 and $5,524,500, respectively.

The County directly paid for machinery and equipment, insurance, legal, inspector general fee, and indirect operating expenses, which totaled $781,800 and $614,200 for the fiscal years ended September 30, 2022 and 2021, respectively. These expenses are not included in the accompanying special-purpose financial statements. Total management fees, including incentives for the years ended September 30, 2022 and 2021, were $254,092 and $226,092, respectively, of which $52,000 and $78,332 remained unpaid as of September 30, 2022 and 2021, respectively. The unpaid balances of management fees are included as accrued expenses in the statement of assets and liabilities. All of the Facility staff are employed by the Organization. The Facility does not have any employees. The County reimbursed the Organization for employee salaries and related benefits in fiscal years 2022 and 2021. These amounts are included in contracted services in the special-purpose statements of activities.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

3. Food, Beverage and Catering Services

The County engaged Ovations Food Services, L.P. (a related party to the Organization) to provide food, beverage, and catering services at the Facility. Global Spectrum, L.P. is not a party to this agreement and has no responsibility for food, beverage, and catering services. The activities of food, beverage and catering services are not included in the special-purpose statements of revenues, expenses and transfers for the years ended September 30, 2022 and 2021; however the activity for the year ended September 30, 2022 is included as unaudited combining information in the supplemental combining schedule of revenues, expenses and transfers.

4. Prepaid Expenses

The Organization incurred expenses, including prepaid expenses for software, operating expenses, and insurance deposits, for services to be provided after fiscal years ending September 30, 2022 and 2021, and these amounts have been properly included in prepaid expenses in the special-purpose statements of assets and liabilities.

5. Contingencies

While the Organization and other parties may be involved in various legal actions arising in the normal course of business, management does not believe such matters will have a material negative effect upon the Convention Center Operations or these special-purpose financial statements.

6. Leases

The Organization leases various equipment under non-cancellable operating leases that range from 36 to 60 months. Rent expense for these leases for the years ended September 30, 2022 and 2021 was approximately $0 and $4,200, respectively.

7. Related Party Transactions

The Organization earns a management fee as compensation for operating the Facility. Management fees include both fixed and variable portions. The total amount earned for the years ended September 30, 2022 and 2021 by the Organization was $254,092 and $226,092, respectively. Management fees include $40,000 and $12,000 as an incentive fee for the years ended September 30, 2022 and 2021, respectively. Accrued balance of incentive fee as of September 30, 2022 and 2021, amounted to $52,000 and $78,332, respectively, pending approval from the County. Accounts payable for fixed management fee as of September 30, 2022 and 2021, amounted to $17,841, and $0, respectively.

In addition, the Facility purchases certain operating services including employee benefits and related expenses, insurance coverage, and meeting and convention expenses from the Organization. Total expense for these services for the years ended September 30, 2022 and 2021 purchased from the Organization was $833,778 and $830,807, respectively. Accounts payable for operating services as of September 30, 2022 and 2021, amounted to $147,204 and $54,781, respectively.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2022 AND 2021

8. Credit and Business Concentrations

Business Concentration

The Facility received approximately 26% and 32% of total revenues from five customers during the years ended September 30, 2022 and 2021, respectively. One of the five customers represents approximately 6% and 8% of total revenues for the years ended September 30, 2022 and 2021, respectively.

Credit Concentration

The Organization maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. As of September 30, 2022 and 2021, there was approximately $2,705,800 and $1,546,400, respectively, in excess of the FDIC limit. The Organization has not experienced any losses on such accounts and management believes the Organization is not exposed to any significant credit risk arising from such balances.

9. Subsequent Events

Management has evaluated subsequent events through April 17, 2023, the date on which the specialpurpose financial statements were available to be issued, and determined there were no further events to disclose in these special-purpose financial statements.

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

COMBINING SCHEDULE OF REVENUES, EXPENSES AND TRANSFERS (UNAUDITED) FOR THE YEAR ENDED SEPTEMBER 30, 2022

See independent auditor's report and accompanying notes to combining schedule of activities (unaudited). -13-

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P.

NOTES TO SUPPLEMENTARY INFORMATION (UNAUDITED) FOR THE YEAR ENDED SEPTEMBER 30, 2022

1. General

The accompanying supplemental combining schedule of revenues, expenses and transfers (unaudited) presents the activities of the Operations at the Palm Beach County Convention Center, managed by Global Spectrum, L.P., and the food, beverage and catering services managed by a third-party vendor, Ovations Food Services, L.P., for the year ended September 30, 2022.

2. Basis of Accounting

The accompanying supplementary information is presented using the accrual basis of accounting.

See independent auditor’s report.

-14-

To Management of Palm Beach County Convention Center West Palm Beach, Florida

In planning and performing our audit of the financial statements of the Operations of the Palm Beach County Convention Center ("Convention Center") as of and for the years ended September 30, 2022 and 2021, in accordance with auditing standards generally accepted in the United States of America, we considered the Convention Center’s internal control over financial reporting (internal control) as a basis for designing auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Convention Center’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Convention Center’s internal control.

Definitions Related to Internal Control Deficiencies

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency or combination of deficiencies in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis.

Our Responsibilities

Our consideration of internal control was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control that might material weaknesses. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. * * *

This communication is intended solely for the information and use of management, and others within the Convention Center, and is not intended to be and should not be, used by anyone other than these specified parties.

Discover The Palm Beaches

April 4, 2023

To the Audit Committee of Discover Palm Beach County, Inc. West Palm Beach, Florida

We have audited the financial statements of Discover Palm Beach County, Inc. (the “Organization”) for the year ended September 30, 2022, and plan to issue our report in April 2023. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated September 8, 2022. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Matters

Qualitative Aspects of Accounting Practices

Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Discover Palm Beach County, Inc. are described in Note 1 to the financial statements. As described in Note 1, Discover Palm Beach County, Inc. adopted the new FASB Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, in 2021-2022. The purpose of the standard is to clarify the presentation and disclosure of contributed nonfinancial assets with an intention to provide the reader of the financial statements a cleared understanding of what type of nonfinancial assets were received and how they are used and recognized by the not-for-profit. The application of the new standard had no significant impact on the Organization’s financial statements.

We noted no transactions entered into by the Organization during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements were:

 Management’s estimate of accounts receivable from Palm Beach County, which is based on expenses incurred by the Organization and related cost-reimbursement submissions to Palm Beach County.

 Management’s estimate of the settlement the value of accounts payable, accrued expenses, and deferred revenue, which is based on management’s experience and analysis.

Discover Palm Beach County, Inc.

April 4, 2023

Page 2

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosure affecting the financial statements was:

 The disclosure of transactions with Palm Beach County and economic dependency presented in Note 3 to the financial statements.

The financial statement disclosures are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements

Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. See the attached schedule of adjusting journal entries for the material misstatements detected as a result of audit procedures and corrected by management.

Disagreements with Management

For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations

We will request certain representations from management in the management representation letter.

Management Consultations with Other Independent Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the Organization’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues

We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Organization’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Closing

We are pleased to respond to any questions you have about the audit or the contents of this letter. We appreciate the opportunity to be of service to you with respect to your audit and accounting needs.

Discover Palm Beach County, Inc.

April 4, 2023

Page 3

This information is intended solely for the use of the Audit Committee and management of Discover Palm Beach County, Inc. and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,

Holyfield & Thomas, LLC

West Palm Beach, Florida

April 4, 2023

Discover Palm Beach County, Inc.

Adjusting Journal Entry Report

To adjust accrued expenses from 2023 expenses.

DISCOVER PALM BEACH COUNTY, INC.

REPORT ON AUDIT OF FINANCIAL STATEMENTS

For the YearsEnded September 30, 2022 and 2021

INDEPENDENT AUDITOR’S REPORT

To the Board of Directors of Discover Palm Beach County, Inc. West Palm Beach, Florida

Opinion

We have audited the accompanying financial statements of Discover Palm Beach County, Inc. (a not-for-profit corporation) which comprise the statements of financial position as of September 30, 2022 and 2021, and the related statements of activities, cash flows, and functional expenses for the years then ended, and the related notes to the financial statements.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Discover Palm Beach County, Inc., as of September 30, 2022 and 2021, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

Basis of Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial statements section of our report. We are required to be independent of Discover Palm Beach County, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Discover Palm Beach County, Inc.’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

Auditor’s Responsibility for the Audit of the Financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in

accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements, including omissions, are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Discover Palm Beach County, Inc.’s internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Discover Palm Beach County, Inc.’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

Report on Supplementary Information

Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying Schedule of Functional Expenses – Contract and Non-Contract on page 17 is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

West Palm Beach, Florida April 7, 2023

Holyfield & Thomas, LLC

LIABILITIES AND NET ASSETS

See accompanying notes to financial statements.

DISCOVER PALM BEACH COUNTY, INC. STATEMENTS OF ACTIVITIES

For the Years Ended September 30, 2022 and 2021

See accompanying notes to financial statements.

DISCOVER PALM BEACH COUNTY, INC. STATEMENTS OF CASH FLOWS

For the Years Ended September 30, 2022 and 2021

Cash flows from operating activities:

Reconciliation of change in net assets to net cash provided by (used in) operating activities:

to reconcile change in net assets to net cash provided by (used in) operating activities:

See accompanying notes to financial statements.

DISCOVER PALM BEACH COUNTY, INC. STATEMENT OF FUNCTIONAL EXPENSES

For the Year Ended September 30, 2022

See accompanying notes to financial statements.

DISCOVER PALM BEACH COUNTY, INC. STATEMENT OF FUNCTIONAL EXPENSES

For the Year Ended September 30, 2021

See accompanying notes to financial statements.

For the Years Ended September 30, 2022 and 2021

1. Summary of Significant Accounting Policies Nature of Organization

Discover Palm Beach County, Inc. d/b/a Discover The Palm Beaches (the “Organization”) serves as Palm Beach County’s travel planning resource for domestic and international travelers. As the official destination marketing organization charged with promoting Palm Beach County (the “County”) as a leisure travel and meetings destination, Discover The Palm Beaches plans and executes initiatives in a broad range of areas including sales, marketing, research, visitor services, and industry relations.

Formed in 1983, Discover Palm Beach County, Inc. is a private, not-for-profit corporation funded primarily by the collection of the Palm Beach County tourist development tax, or “bed tax”, paid by lodging guests for short-term stays in Palm Beach County The Organization’s mission is to increase visitation and contribute to the overall economic development in Palm Beach County.

Basis of Accounting

The financial statements of the Organization are prepared using the accrual basis of accounting whereas revenues are recognized when earned and expenses are recognized when incurred. This basis of accounting conforms to accounting principles generally accepted in the United States of America.

Financial Statement Presentation

The Organization’s financial statements are presented in accordance with FASB Accounting Standards Codification (FASB ASC) 958-205 Not-for-Profit Entities Presentation of Financial Statements. This standard requires the classification of the Organization’s Statements of Financial Position and Statements of Activities according to two classes of net assets: net assets without donor restrictions and net assets with donor restrictions:

Net assets without donor restrictions – this classification includes those net assets whose use is not restricted by donors, even though their use may be limited in other respects, such as by contract or by Board designation. Changes in net assets arising from exchange transactions (except income and gains on assets that are restricted by donors or by law) are included in net assets without donor restrictions.

Net assets with donor restrictions – this classification includes those net assets whose use by the Organization has been limited by donors to either a later period of time, or after a specified date, or for a specified purpose. This classification also includes net assets that must be maintained by the Organization in perpetuity. Net assets with donor restrictions in perpetuity increase when the Organization receives contributions for which donor-imposed restrictions limiting the Organization’s use of an asset or its economic benefits neither expire with the passage of time nor can be removed by the Organization meeting certain requirements. As of the years ended September 30, 2022and 2021, the Organization had no net assets with donor restrictions.

For the Years Ended September 30, 2022 and 2021

1. Summary of Significant Accounting Policies, continued Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

FASB ASC Topic 820-10, Fair Value Measurements, establishes a framework for measuring fair value. This framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement).

The three levels of the fair value hierarchy under FASB ASC Topic 820-10 are described below:

Level 1 –

Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Organization has the ability to access.

Level 2 – Inputs to the valuation methodology include:

 Quoted prices for similar assets or liabilities in active markets;

 Quoted prices for identical or similar assets or liabilities in inactive markets;

 Inputs other than quoted prices that are observable for the asset or liability;

 Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

For the Years Ended September 30, 2022 and 2021

1. Summary of Significant Accounting Policies, continued Fair Value of Financial Instruments, continued

The following methods and assumptions were used by the Organization in estimating the fair value of financial instruments that were not disclosed under FASB ASC Topic 820

 Cash and cash equivalents, reimbursement, receivables, accounts payable and accrued liabilities – The carrying amount reported approximates their fair values due to their short-term nature.

The following methods and assumptions were used by the Organization in estimating the fair value of financial instruments that are measured at fair value on a recurring basis under FASB ASC Topic 820.

 Investments in and obligations under deferred compensation plan – consists of balanced mutual funds measured at net asset value (NAV) quoted by the custodian as of the close of business. These investments are all measured according to Level 1

Cash and Cash Equivalents

The Organization considers cash held in checking and short-term investments with original maturities of three months or less to be cash equivalents.

Reimbursement due from Palm Beach County

The Organization records contract reimbursements due from Palm Beach County as allowable expenses are incurred, approved, and billed. All amounts are deemed fully collectible and no allowance is considered necessary.

Membership and Other Receivables

Membership and other receivables consist of amounts charged to local hotels and other local businesses for participation in the Organization’s advertising programs and employee travel advances, all of which are carried at net realizable value. The Organization provides an allowance for uncollectible accounts that is based upon a review of outstanding receivables, historical collection information, and existing economic conditions. As of September 30, 2022 and 2021, there was no allowance for uncollectible accounts.

Inventory

Inventory consists of promotional items (not for sale), and is stated at the lower of cost (first-in, first-out method) or market.

Prepaid expenses

Prepaid expenses consist of expenses (generally deposits) for operations, sales, and marketing activities scheduled to occur subsequent to the year-end.

Accrued Expenses

Accrued expenses consist of accrued payroll, related payroll taxes, and employee benefits

For the Years Ended September 30, 2022 and 2021

1. Summary of Significant Accounting Policies, continued Deferred Revenue

Deferred revenue consists of contract income received for expenses paid for operations, sales, and marketing activities scheduled to occur subsequent to year-end This category also includes three months of membership revenue collected and deferred in connection the membership period which runs on a calendar year

Deferred Compensation Plan

The Organization provides a deferred compensation plan as more fully described in Note 4. In accordance with the terms of such arrangements, the fair value of plan assets is reported as both an asset subject to the claims of creditors and as a liability to the plan beneficiary.

County Contract Advance

In connection with the Organization’s administrative services and agency contract (further described in Note 3), Palm Beach County advanced the Organization $5,000,000 for use in facilitating vendor payments and other working capital needs, pendingreimbursement of requested expenses.

Revenues and Support

 Contract income – is received from the County on a cost-reimbursement basis. Revenues from the contract are deemed earned and recognized in the Statements of Activities when expenses are incurred and approved for the purposes specified.

 Membership income – Partner membership benefits include listings on the Organization’s website, listings in the Organization’s official publications, access to partner events, and opportunities to participate in trade shows and events. Membership income is recognized as revenue when earned over the membership period.

 Special promotional activity income – is revenue received from other organizations and individuals in order to participate in promotional events with the Organization. Special promotional activity income is recognized as revenue when the trade show or other promotional event occurs.

Donated Services and In-Kind Contributions

In accordance with FASB ASC 958-605, Revenue Recognition, the Organization records the value of those donated services and in-kind contributions that require specialized skills and that would typically need to be purchased if not provided by donation. Donated services and in-kind contributions include those that create or enhance the Organization’s efforts to provide certain tourism, marketing, and sales-related programs to promote Palm Beach County, Florida as a tourist destination. These services are reflected in the financial statements at their estimated fair market value at the date of receipt.

For the Years Ended September 30, 2022 and 2021

1. Summary of Significant Accounting Policies, continued Donated Services and In-Kind Contributions, continued

During the years ended September 30, 2022and 2021, the Organization received donated services and in-kind contributions, such as receptions and room accommodations for clients and groups and other noncash contributions, which are recorded as donated services and in-kind contributions at their estimated fair value at the date of donation. During the years ended September 30, 2022and 2021, the total amount of in-kind contributions received amounted to approximately $2,716,000 and $1,540,000, respectively See Note 5 for more details.

Expenses

The costs of providing the various programs and other activities have been detailed in the Statements of Functional Expenses and summarized on a functional basis in the Statements of Activities. Expenses associated with a specific program are charged directly to that program. Expenses which benefit more than one program are allocated based on the relative benefit provided.

Advertising

The Organization expenses the cost of advertising as incurred. During the years ended September 30, 2022 and 2021, the Organization incurred approximately $13,097,000 and $11,972,000, respectively, in advertising costs, which are reported as marketing - advertising in the Statements of Functional Expenses and includes donated services of approximately $2,467,000 and $1,352,000, respectively.

Compensated Absences

The Organization has a policy to accumulate unused vacation up to a maximum of 160 hours on accrual earning levels. All accumulated vacation leave must be used in the following year with no carryover. Sick leave may be accumulated up to a maximum of 60 days (480 hours) and carried indefinitely, but is not paid out for other than sick time under any circumstances. Accumulated unpaid vacation benefits are accrued as a liability and charged to expense.

Reclassifications

Certain accounts in the prior year financial statements may have been reclassified in order to conform with the current year financial statement presentation.

Income Taxes

The Organization is exempt from federal and state income taxes under Section 501(c)(6) of the Internal Revenue Code of 1986 and Chapter 220.13 of Florida Statutes. However, income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. Management does not believe that the Organization engaged in any unrelated business activities during the years ended September 30, 2022and 2021, and accordingly there is no provision for income taxes reflected in the accompanying financial statements.

For the Years Ended September 30, 2022 and 2021

1. Summary of Significant Accounting Policies, continued Income Taxes, continued

The Organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes This pronouncement seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. It prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The Organization assesses its income tax positions based on management’s evaluation of the facts, circumstances and information available at the reporting date.

The Organization uses the prescribed more likely than not threshold when making its assessment. For the years ended September 30, 2022 and 2021, the Organization did not accrue any interest expense or penalties related to tax positions, and there are no open Federal or State tax years currently under audit.

Recently Adopted Accounting Pronouncements

As of October 1, 2021, the Organization adopted the provisions of FASB ASU 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. The purpose of the standard is to clarify the presentation and disclosure of contributed nonfinancial assets with an intention to provide the reader of the financial statements a clearer understanding of what type of nonfinancial assets were received and how they are used and recognized by the not-for-profit.

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). ASU 2016-02 replaces existing leasing rules with a comprehensive lease measurement and recognition standard and expanded disclosure requirements. ASU 2016-02 will require lessees to recognize most leases on their statement of financial position as liabilities, with corresponding “right-of-use” assets. The standard is effective for annual reporting periods in fiscal years that begin after December 15, 2021. This standard will be effective for the Organization’s fiscal year-end September 30, 2023. Management is currently evaluating the magnitude and other potential impacts on the Organization’s financial statements

2. Liquidity and Availability of Resources

Financial assets available for general expenditure within one year, that is, without donor restrictions or other restrictions limiting their use comprise the following:

For the Years Ended September 30, 2022 and 2021

2. Liquidity and Availability of Resources, continued

The Organization receives significant revenue from a Palm Beach County contract, which typically covers over 90% of its operating expenditures on a direct reimbursement basis. The Organization regularly monitors liquidity required to meet its operating needs and other contractual commitments The related resources have been included in the quantitative information detailing the financial assets available to meet general expenditures within one year

3. Transactions with Palm Beach County and Economic Dependency

The Organization and the County entered into an agreement for administrative services commencing on October 1, 2017 and expiring on September 30, 2022 The contract provides that the Organization will perform or administer various functions such as advertising, public relations, tour package development, consumer and trade shows, destination reviews, foreign representation, and other projects and promotional services to assist the County in its tourism promotion effort. Expenses made by the Organization under the contract are subject to budgetary approval by the County and must be consistent with the County’s Tourist Development Plan. For the years ended September 30, 2022 and 2021, the contract budget was $13,535,896 and $13,230,294, which includes the County direct expenses totaling $248,896 and $330,294, respectively. The Organization has also received a County Contract for fiscal year 2023 in the amount of approximately $14,514,000 of which $297,000will be County direct expense.

On behalf of the Organization,the County provided office space and directly paid communication and certain advertising expenses, which totaled approximately $249,000 and $188,000 for the years ended September 30, 2022 and 2021, respectively. This amount is included in Contract Income, Palm Beach County in the Statements of Activities and is reported according to natural and functional classifications in the Statements of Activities and Statements of Functional Expenses. In addition, the County provides the Organization with all furniture, fixtures, and equipment necessary for its operations.

Management believes the Organization has sufficient planned revenues from the agreement with the County to operate and fulfill its mission The revenue provided under contracts with Palm Beach County amounted to approximately $20,900,000 and $14,092,000, which represents 87% and 74% of the Organization’s total revenue, respectively, for the years ended September 30, 2022 and 2021 The loss of this agreement could have a negative impact upon the Organization. In addition, for the years ended September 30, 2022 and 2021, the County owed the Organization approximately $4,985,000 and $4,439,000, respectively, for costs related to this contract.

In connection with the County contract, the Organization submits requests for reimbursement of allowable payments and expenditures and records the corresponding revenue as the request is approved and paid. Subsequent adjustments made in accordance with US GAAP to certain payments and expenditures may often create timing differences between the contract utilization according to the County and the amounts reported in these financial statements. The fiscal year-end amounts and related adjustments are summarized as follows:

*Reconciling items include accrual basis transactions.

For the Years Ended September 30, 2022 and 2021

4. Retirement Plans

The Organization has a defined contribution pension plan, which provides retirement benefits for substantially all employees meeting certain eligibility requirements. Employees are eligible after one year of service. There are no matching contributions from the Organization. The Organization may make contributions to the plan consisting of a 3% Safe Harbor contribution and a discretionary contribution not to exceed 8.47% of the employee’s actual salary. Employees are immediately vested in the Safe Harbor contribution and fully vested in any discretionary contributions after three years of service with the Organization. Contributions for the years ended September 30, 2022and 2021 totaled approximately $386,000 and $195,000, respectively.

In addition, the Organization has a deferred compensation retirement plan, which provides retirement benefits for certain of its key employees. Under the plan, employees are allowed to defer amounts of compensation up to the maximum allowable IRS limits. There are no matching contributions from the Organization. The Organization may make discretionary contributions to the plan. During the years ended September 30, 2022 and 2021, the Organization made no discretionary contributions to this plan. Funds of the plan are invested in mutual funds as directed by the employees. These funds had a fair value of approximately $200,300 and $215,100 at September 30, 2022 and 2021, respectively.

For the years ended September 30, 2022 and 2021, the Organization did not incur administrative costs for either plan.

5. In-Kind Contributions

Contributed goods and services are reflected as donated services and in-kind contributions support and expenses in the accompanying financial statements. The products and professional services are recorded at their estimated fair value. On behalf of the Organization, the County directly paid approximately $145,700 of administrative expenses, $21,500 of inspector general expenses, $19,200 of technology support, and $62,500 of other contractual service expenses for the year ended September 30, 2022.

The Organization recognized approximately $2,467,000 of advertising, promotion, and consulting as donated services, which are reflected in the Statement of Activities as donated services. These amounts primarily include co-op advertising with sports fundraisers and international airlines, and are recognized as support, under the caption of donated services in the Statements of Activities, and as marketing – advertising in the Statement of Functional Expenses. Advertising and promotion are valued based on prices of advertising time and/or space. Consulting services are value based on the price of the services provided.

6. Concentration of Credit Risk

The Organization maintains its cash and cash equivalents in one qualified public depository pursuant to Florida State Statute, Chapter 280, Florida Security for Public Deposits Act, and are covered by either federal depository insurance or collateral held by the Chief Financial Officer of Florida.

Any losses to public depositors are covered by applicable deposit insurance, sale of securities pledged as collateral, and, if necessary, assessments against other qualified public depositories of the same type as the depository in default. Management believes the Organization is not exposed to any significant credit risk on its deposits.

For the Years Ended September 30, 2022 and 2021

7. Risks and Uncertainties

On March 11, 2020, the World Health Organization characterized Coronavirus (COVID-19) as a pandemic, and on March 13, 2020, the President of the United States declared a national emergency relating to the disease. This unprecedented situation resulted in the temporary contraction of activities and operating hours for many individuals and organizations, including Discover Palm Beach County, Inc. and those that interact with and support Discover Palm Beach County, Inc. The COVID-19 pandemic and resulting global disruptions also caused economic uncertainty and volatility in financial markets. As a result, Discover Palm Beach County, Inc.’s 2021-22 and forward operations and financial results may be adversely affected by Governmental restrictions on in-person meetings, decline in governmental funding, and the potential inability to conduct certain production activities. Management believes Discover Palm Beach County, Inc. is taking appropriate actions to mitigate these negative effects; however, the full impact of COVID-19 continues to evolve as of the date of this report and cannot be reasonably estimated as these events are still developing

8. Payroll Protection Program - Loan Forgiveness

The Organization applied for and received a Paycheck Protection Program (PPP) loan on April 5, 2021 in the amount of $752,690 to fund payroll and related expenses. The Paycheck Protection Program is part of the Coronavirus, Aid, Recovery and Economic Security Act (the “CARES Act”). In accordance with the provisions of this program, the loan was forgiven on September 30, 2021.

9. CARES Act - Employee Retention Credit

The Coronavirus, Aid, Recovery and Economic Security Act (the “CARES Act”) provides an employee retention credit (“CARES Employee Retention credit”), which is a refundable tax credit against certain employment taxes of up to $5,000 per employee for eligible employers. The tax credit was equal to 50% of qualified wages paid to employees during a quarter, capped at $10,000 of qualified wages per employee through December 31, 2020. Additional relief provisions were passed by the United States government, which extend and slightly expand the qualified wage caps on these credits through September 30, 2021. Based on these additional provisions, the tax credit is now equal to 70% ($7,000) of qualified wages paid to employees during a quarter, and the limit on qualified wages per employee has been increased to $10,000 of qualified wages per quarter. The Organization qualified for the tax credit under the CARES Act. During the fiscal year ended September 30, 2021, the Organization recorded $695,670 in income related to the CARES Employee Retention Tax Credit on the Organization’s Statements of Activities

As of September 30, 2022 and 2021, the Organization has $252,888 and $308,722, respectively in receivables related to the CARES Employee Retention Credit, which is recorded as “CARES Act –Employee Retention Credit receivables” on the Organization’s Statements of Financial Position

10. Subsequent Events

Management has evaluated subsequent events through April 7, 2023, the date on which these financial statements were available to be issued, and determined that they were no further disclosures required in these financial statements.

DISCOVER PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

SCHEDULE OF FUNCTIONAL EXPENSESCONTRACT AND NON-CONTRACT

Holyfield & Thomas, LLC

Public Accountants & Advisors

125 Butler Street  West Palm Beach, FL 33407

(561)689-6000  Fax (561) 689-6001  www.holyfieldandthomas.com

To Management and the Audit Committee of Discover Palm Beach County, Inc.

West Palm Beach, Florida

Ladies and Gentlemen:

In planning and performing our audit of the financial statements of Discover Palm Beach County, Inc. (the “Organization”) as of and for the year ended September 30, 2022, in accordance with auditing standards generally accepted in the United States of America (U.S GAAP), we considered the Organization’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Organization’s internal control.

Definitions Related to Internal Control Deficiencies

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency or a combination of deficiencies in internal control, such that there is a reasonable possibility that a material misstatement of the Organization’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our Responsibilities

Our consideration of internal control was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control that might be significant deficiencies or material weaknesses. Given these limitations, during our audit we did not identify material weaknesses in internal control, although material weaknesses may exist. However, we do provide a current status remark concerning deficienciesin internal control arising from the prior engagement that we considered to be a significant deficiency, an internal control matter that is of a lesser magnitude, or a comment for your consideration in addressing best practices in internal control.

PRIOR YEAR COMMENTS

We considered the following comments to represent either a significant deficiency or a matter less than a significant deficiency in internal control:

21-01 – Cash Account – Significant Deficiency

During our prior audit, we became aware that in April 2021 the Organization opened a new cash account with a different bank for the purpose of facilitating the loan proceeds obtained under the Paycheck Protection Program (“PPP”). We understand that the TDC and Board of Directors were fully aware of the PPP loan, however given the unique circumstances and singular purpose surrounding this arrangement, the account balance and activity was not reflected in the Organization’s general ledger. At fiscal year-end there was $197.00 balance in the account. Our audit work included creating an adjusting journal entry to record the bank balance and activities since the account was opened. We understand the unprecedented and unique financial assistance made by the CARES Act, and the urgent steps taken by Organizations to obtain this valuable funding. Nonetheless, to avoid the risk of possible misstatements and unreported transactions, we recommended that Management record all cash activities and reconcile all bank accounts on a timely basis.

Management response: The opening of this bank account was disclosed to both the TDC and our board in multiple meetings and periodic updates were given on the progress of the loan and subsequent forgiveness. We have provided examples of this disclosure under separate cover. Both the CEO and SVP of finance signed the paperwork opening the account. The intent was to open the account, utilize the funds, close the account, and apply for forgiveness all in the series of a few months. In our haste to secure these funds and apply for forgiveness on behalf of the County we omitted recording the individual bank transactions monthly. However, each month the bank statement activity was reviewed by the SVP finance and Sr Director, to ensure the amount being wired to the County account matched the amount of our payroll. We acknowledge the net balance remaining in the account at the end of the year was $197.00 and this account was subsequently closed in October. While we believe this was a one-off issue given the unique circumstances of securing the PPP funding, we understand the need for recording all cash transactions on a timely basis and will ensure that any future bank accounts that are opened will be properly reflected on the balance sheet.

Current status: Our audit procedures did not find any further discrepancies in this area

21-02 – Paycheck Protection Program and Employee Retention Credit

During our prior audit, we noticed that the Organization recorded the proceeds from the PPP loan and Employee Retention credit (ERC) as a reduction of payroll and payroll taxes for the amount received during the fiscal year In addition, the Organization was able to amend its 2020 forms 941 in order to request additional credit under the ERC program, but this amount was not recorded as receivable and grant income or negative expense in the year claimed This is another transaction unique to pandemic relief provisions, and we recommended that attention be given to all activities pertaining to the ERC to ensure proper income recognition.

Management response: Per the requirements of our contract, we are required to submit expenses to the County net of any private funds received as an offset. As a result, we applied the PPP funds to each payroll as a reduction of the expense, which eliminated the need to bill the County for any payroll expenses during this time. In doing so, we inadvertently recorded our payroll expenses at this reduced amount instead of recording the grant income and payable. Regarding the ERC credits, we received the credits for our FY21 application over the course of the year in 2021 and provided all the monies back to the county. We did not receive any correspondence from our Payroll provider or the IRS regarding our FY20 amended application so we were unsure if our application would be approved. Upon review by our auditors, we reached out to the IRS and confirmed that our application was still under review 8 months after submission and that they were significantly behind on processing these refunds. As a result, we realized a receivable needed to be added to our financials While we believe this was a one-off issue given the unique circumstances of securing these credits, we acknowledge the need for a more timely follow-up on the status of these items.

Current status: Our audit procedures did not find any further discrepancies in this area.

21-03 – Control over the Payroll Process

During our prior audit, we became aware that starting in April 2021 (concurrent with the PPP activity) payroll expenseswere recorded based on the amounts paid, which were net of employee withholdings. Generally Accepted Accounting Principles requires employee salaries to be recorded gross and related payable for payroll taxes and withholdings We recommended that Management review and ensure the proper recording of payroll.

Management response:We acknowledge this error began during the application of the PPP funds against the payroll expense obligation to the County. Per the requirements of our contract, we are to submit expenses to the County net of any private funds received as an offset. As a result, we applied the PPP funds to each payroll as a reduction of the expense which eliminated the need to bill the county for any payroll expenses during this time. In doing so, we recorded our payroll expenses at this reduced amount instead of recording the gross payroll expense. We brought this issue up to the TDC in November to recover the funds that were underbilled to the County and were granted an opportunity to resubmit them against our FY22 budget.

The entire payroll process has been revamped as of January14th by using the GL reporting module offered by the payroll provider to assist with automating the expensing of the amount paid each cycle. This eliminates the manual process of summarizing the payroll data by department and pay type and automatically creates accurate invoice totals that need to be billed to the County. As a result of this automation, we have significantly reduced the amount of time we need to process each payroll, create the invoice and expense in the Financial System. This new process has been documented and vetted with the auditors and will eliminate this issue from occurring in the future. Lastly, we will complete a year end reconciliation to act as a secondary confirmation that no amounts have been missed on the General Ledger or on the billing to the County.

Current status: Our audit procedures did not find any further discrepancies in this area

Identified Deficiencies in Internal Control

20-02– Pre-audit review

It is our observation that the Organization would benefit by reducing time invested by management in the audit process if a more in-depth review of the information and schedules are done in advance of the audit field work commencement date. Additionally, we recommended that the total contract income from Palm Beach County be reconciled on a monthly basis with the total contract expense. This would reduce many year-end adjustments and time to research variances.

Management’s response: Management acknowledges the need to enhance our year end process to include a more in-depth review of the open transactions outstanding with the clerk More effort also needs to be placed into proactively addressing non-contract related expense and revenue items, including Credit Memos to ensure they are properly accounted for This year was complicated by the unprocessed FY20 transactions that were outstanding with the Clerk for 90 days and were eventually returned to us unpaid and unapplied. These included the $570k Stimulus related invoices and a $200k Credit memo that were still unprocessed with the clerk as of January 31, 2021. In addition, we have revised our process for handling billings to the TDC to ensure that transactions outside of our budget are not recorded twice (By DTPB and TDC). This is our single biggest area of focus and we are fully committing to eliminating this control deficiency in FY21 and we have already created a new Process and Procedures document to address these items.

Current status: During our current audit we noticed a significant improvement in reconciling the County Contract. This resulted in far fewer adjusting entries than were necessary during the prior engagement.

20-03– Proper Cut-off at Year End (See below 16-02)

16-02 – Proper Cut-off at Year End

During this year and prior year audits, several journal entries were recorded to achieve proper cut-off at year-end. Generally Accepted Accounting Principles require transactions to be recorded in the correct period. We recommended that attention be given to transaction dates to ensure the proper period is posted.

Management’s response: The processing of transactions at year-end continues to be a challenge due to the managing of expenses between the contract reimbursement process, which is in a cash basis and the financial reporting time frame, which is on an accrual basis As a result of the in-depth review of the Fiscal Year End process, we have now created a comprehensive Year-end checklist for FY20 that we are confident will significantly reduce the volume of adjusting entries required in order to reconcile back to the county funding report.

Current status: We noted during our current audit that Management continues to make significant improvement in this area

Discover Palm Beach County, Inc.

April 7, 2023

Page 5

The Organization’s written response to the comments mentioned above have not been subjected to the audit procedures applied in the audit of the financial statements and, accordingly, we express no opinion on them.

This communication is intended solely for the information and use of Management, the Audit Committee, and others within the Organization, and is not intended to be, and should not be, used by anyone other than these specified parties.

Holyfield & Thomas, LLC

West Palm Beach, Florida

April 7, 2023

Cultural Council For Palm Beach County

Holyfield & Thomas, LLC

Certified Public Accountants & Advisors

125 Butler Street  West Palm Beach, FL 33407

(561) 689-6000  Fax (561) 689-6001  www.holyfieldandthomas.com

To the Audit Committee of Cultural Council of Palm Beach County, Inc. Lake Worth Beach, Florida

We have audited the financial statements of Cultural Council of Palm Beach County, Inc. for the year ended September 30, 2022, and intend to issue our report in January 2023. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated October 18, 2022. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Findings

Qualitative Aspects of Accounting Practices

Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Cultural Council of Palm Beach County, Inc. are described in Note 1 to the financial statements. Cultural Council of Palm Beach County, Inc. adopted the new FASB Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, in 2021-2022. The purpose of the standard is to clarify the presentation and disclosure of contributed nonfinancial assets with an intention to provide the reader of the financial statements a cleared understanding of what type of nonfinancial assets were received and how they are used and recognized by the not-for-profit. The application of the new standard had no significant impact on Cultural Council of Palm Beach County Inc.’s financial statements. We noted no transactions entered into by the Organization during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements is related to the realizable value of grants and pledges receivable, beneficial interest in trust, and useful life of property and equipment.

We evaluated the key factors and assumptions used to develop the estimated amounts in determining that they are reasonable in relation to the financial statements taken as a whole.

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosure affecting the financial statements is related to the disclosure of restricted net assets and net asset classification using the guidance of FASB ASC 958- 205, Presentation of Financial Statements as presented in Note 12 to the financial statements.

The financial statement disclosures are neutral, consistent, and clear.

Cultural Council of Palm Beach County, Inc.

December 21, 2022

Page 2 of 3

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Adjustments

Professional standards require us to accumulate all adjustments identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. There were no uncorrected misstatements.

Disagreements with Management

For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations

We will request certain representations from management that are included in the management representation letter.

Management Consultations with Other Independent Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the Organization’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Information in Documents Containing Audited Financial Statements

We are not aware of any documents that contain the audited financial statements. If such documents were to be published, we would have a responsibility to determine that such financial information was not materially inconsistent with the audited statements of the Organization.

Other Issues

We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Organization’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Cultural Council of Palm Beach County, Inc.

December 21, 2022

Page 3 of 3

Closing

We are pleased to respond to any questions you have about the audit or the contents of this letter. We appreciate the opportunity to be of service to you with respect to your audit and accounting needs.

This information is intended solely for the use of the Board of Directors, Executive Committee, and management of the Organization and is not intended to be and should not be used by anyone other than these specified parties.

Very truly yours, Holyfield

& Thomas, LLC

West Palm Beach, Florida

December 21, 2022

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

REPORT ON AUDIT OF FINANCIAL STATEMENTS

For the Year Ended September 30, 2022 (with comparable totals for 2021)

INDEPENDENT AUDITOR’S REPORT

To the Board of Directors of Cultural Council of Palm Beach County, Inc. Lake Worth Beach, Florida

Opinion

We have audited the accompanying financial statements of Cultural Council of Palm Beach County, Inc., (a Florida nonprofit corporation) which comprise the statement of financial position as of September 30, 2022, and the related statements of activities, cash flows, and functional expenses for the year then ended, and the related notes to the financial statements.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Cultural Council of Palm Beach County, Inc., as of September 30, 2022, and the changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under these standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Cultural Council of Palm Beach County, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Organization’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

Auditor’s Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements, including omissions, are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Council’s internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Council’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated January 11, 2023, on our consideration of Cultural Council of Palm Beach County, Inc.’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Cultural Council of Palm Beach County, Inc.’s internal control over financial reporting and compliance.

Report on Summarized Comparative Information

We have previously audited the Cultural Council of Palm Beach County, Inc.’s September 30, 2021 financial statements, and we expressed an unmodified audit opinion in our report dated January 28, 2022. In our opinion, the summarized comparative information presented herein as of and for the year ended September 30, 2021, is consistent, in all material respects, with the audited financial statements from which it has been derived.

Holyfield & Thomas, LLC

West Palm Beach, Florida

January 11, 2023

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF FINANCIAL POSITION

As of September 30, 2022 (with comparable totals for 2021) Without DonorWith Donor20222021

See accompanying notes to financial statements.

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF ACTIVITIES

For the Year Ended September 30, 2022 (with comparable totals for 2021) Without DonorWith Donor20222021

See accompanying notes to financial statements.

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC. STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2022 (with comparable totals for 2021)

See accompanying notes to financial statements.

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2022 (with comparable totals for 2021)

See accompanying notes to financial statements.

CULTURAL

COUNCIL OF

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

Program Services

See accompanying notes to financial statements.

Palm Beach County Tourist

STATEMENT OF FUNCTIONAL EXPENSES

(with comparable totals for 2021)

See accompanying notes to financial statements.

Supporting Services

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

1. Business and Summary of Significant Accounting Policies Organization

Cultural Council of Palm Beach County, Inc. (the "Council") is a not-for-profit corporation whose main goal is to promote visual and performing arts and cultural activities in Palm Beach County, Florida (the "County"). The Council commits its energies and resources to supporting the establishment of new cultural institutions, enhancing existing organizations, and encouraging opportunities for individual artists. The Council reviews applications for and monitors the use of certain funds provided by the Tourist Development Council ("TDC").

Basis of Presentation and Method of Accounting

The accompanying financial statements of the Council have been prepared on the accrual basis of accounting, whereby revenues and support are recognized when earned, and expenses when the corresponding liability is incurred. This basis of accounting conforms to accounting principles generally accepted in the United States of America.

Financial Statements Presentation

The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with the disclosure and display requirements of the Financial Accounting Standards Board (FASB) as set forth under FASB Accounting Standards Codification (FASB ASC) 958-205 Not-for-Profit Entities, Presentation of Financial Statements. Accordingly, the net assets of the Council are reported in each of the following classes:

Net assets without donor restrictions – this classification includes those net assets whose use is not restricted by donors, even though their use may be limited in other respects, such as by contract or by Board designation. Changes in net assets arising from exchange transactions (except income and gains on assets that are restricted by donors or by law) are included in net assets without donor restrictions. The Council releases any purpose restrictions when the asset is placed in service for the use stipulated by the donor.

Net assets with donor restrictions – this classification includes those net assets whose use by the Council has been limited by donors to either a later period of time, or after a specified date, or for a specified purpose. This classification also includes net assets that must be maintained by the Council in perpetuity. Net assets with donor restrictions in perpetuity increase when the Council receives contributions for which donor-imposed restrictions limiting the Council’s use of an asset or its economic benefits neither expire with the passage of time nor can be removed by the Council meeting certain requirements.

Estimates

Management uses estimates and assumptions in preparing financial statements in conformity with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Actual results could vary from the estimates that were used.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

1. Business and Summary of Significant Accounting Policies, continued Fair Value of Financial Instruments

The Council follows FASB ASC 820, Fair Value Measurement. This standard defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and requires expanded disclosures about fair value measurements of financial instruments.

The standard also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs when available. Observable inputs are those that market participants would use in pricing the asset or liability based on the best information available in the circumstances.

The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and lowest priority to unobservable inputs (Level 3). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level of input that is significant to the fair value measurement of the instrument.

The three levels of the fair value hierarchy are described below:

Level 1 – Inputs that utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Council has the ability to access.

Level 2 – Inputs that include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Fair values for these instruments are estimated using pricing models or quoted prices of assets and liabilities of similar characteristics.

Level 3 – Inputs that are unobservable for the assets or liabilities, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity.

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

Cash and Cash Equivalents

Cash and cash equivalents consist primarily of checking, and money market accounts at federally chartered banks. For purposes of the Statement of Cash Flows, all highly liquid investments with a maturity of three months or less when purchased are also considered to be cash equivalents, except for cash and money market balances held within the investment portfolio and as reported as part of the investment category. Cash equivalents include Board designated cash.

Investments

Investments include individual publicly traded equities and cash equivalents. The Council contracts with investment managers to perform ongoing investment functions and investment performance monitoring, and invests according to the guidelines that are established by the Council's Committee and approved by the Board of Directors.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

1. Business and Summary of Significant Accounting Policies, continued Investments, continued

Purchases and sales of investments are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Realized gains or losses on the sale of marketable securities are calculated using the specific-identification method. Change in unrealized gains and losses represent the change in the fair value of the individual investments for the year, or since the acquisition date, if acquired during the year. Investments are stated at fair value based on quoted market prices within active markets. Investment income and gains are reported as increases in net assets without donor restrictions.

Receivables

 Grants receivable – consist of grant reimbursements due from Palm Beach County and the TDC.

 Pledges receivable – consist of pledges (unconditional promises to give) from members of the Council's Board of Directors and from donors for major Gifts, and other programs. Pledges are recorded when the promise is made. Pledges expected to be collected within one year are recorded at their net realizable value. Pledges expected to be collected in future years are initially recorded at fair value using present value of their estimated future cash flows. The discounts on those amounts are computed using an interest rate applicable to the years in which the promises are received (see Note 7), with the annual change in discount included in contribution income in the Statement of Activities.

An allowance for doubtful accounts is provided for receivables for which there is a question as to ultimate collectability. Uncollectible accounts are reserved for when management has determined that the amount will not be collected. As of September 30, 2022, no allowance was deemed necessary, as all receivables are deemed collectible.

Prepaid Expenses

As a part of its normal operations, the Council pays certain expenses including insurance, postage, utility, and deposits prior to the actual use of those assets. Such amounts are recorded as prepaid expenses in the Statement of Financial Position and are recognized as expense as the benefit is realized.

Property and Equipment

Property and equipment is stated at cost, at the date of purchase, or fair value at the date of the donation. All purchases with a cost of $2,500 or more and a useful life in excess of one year are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets ranging between 3 - 39 years.

In 2010, the Council received a donation of land and building (i.e., Montgomery Building), valued at $1,350,000 for use as its primary location. The Council reports these donated assets as net assets without donor restrictions because the donated assets were appropriately placed in service as specified by the donor.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

1. Business and Summary of Significant Accounting Policies, continued Accrued Expenses

As of September 30, 2022, the Council's accrued expenses include costs of accrued employee benefits and various other expenses.

Contract Reserve

In connection with the Council’s administrative services and agency contract (see Note 6), Palm Beach County advanced the Council $700,000 for use in facilitating vendor payments and other working capital needs, pending reimbursement of requested expenses and replenishment of the reserve account.

Revenue Recognition

Contributions, including unconditional promises to give, are recognized as revenue when the donor's commitment is received. The Council follows the guidance of FASB ASC 958-605, Revenue Recognition. Contributions received are recorded as with or without donor restrictions depending on the existence and/or nature of any donor restrictions. All contributions are considered available without donor restriction use unless specifically restricted by the donor.

Under this standard, contributions that are initially restricted as to time or purpose are required to be reported as with donor restrictions support and are later reclassified to net assets without donor restrictions upon expiration of the time or purpose restriction. If the restriction placed upon a contribution is met within the same accounting period as the receipt of the contribution, the standard permits the contribution to be reported without donor restrictions.

The State of Florida – Local Arts Agency provides the Council with program funding that is to be used for program and/or supporting services. The Council recognizes revenue from grants in the period in which the amounts are earned.

County Contract – County income is on a cost reimbursement basis. Revenue from the County contract is deemed earned and recognized in the Statement of Activities when reimbursement invoices are submitted to the County for specified expenditures.

Revenues from the State of Florida – Specialty License Plate Program are considered contributions that are recorded as net assets with donor restrictions. These contributions and expenditures were made in accordance with Florida Statutes §320.08056 and §320.08058. As of September 30, 2022, the Council received approximately $36,700 of its revenue from the State of Florida – Specialty License Plate Program.

Functional Allocation of Expenses

The costs of providing the various services the Council offers have been summarized on a functional basis in the Statement of Activities. Expenses directly attributable to a specific functional area are reported as expenses of those functional areas. Other expenses are allocated among programs and supporting services based on either the relative salaries incurred or relative square footage occupancy of the program in relation to the total square footage of the building.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

1. Business and Summary of Significant Accounting Policies, continued

In-Kind Contributions

 Contributed Property – Contributions of property are recorded as support at their estimated fair value at the date of donation. Such contributions are reported as support without donor restrictions unless the donor has restricted the use of the contributed asset to a specific purpose. Assets contributed with explicit restrictions regarding their use and contributions of cash that must be used to acquire property and equipment are reported as restricted support. Absent donor stipulations regarding how long those donated assets must be maintained, the Council reports expirations of donor restrictions when the contributed or acquired assets are placed in service as instructed by the donor and reclassifies net assets with donor restrictions to net assets without donor restrictions.

 Contributed Services – The Council follows the guidance of FASB ASC 958-605, Revenue Recognition, for the accounting of contributed services. In accordance with this guidance, donated services are recognized as contributions if the services (a) create or enhance nonfinancial assets or (b) require specialized skills, are performed by people with those skills, and would otherwise be purchased by the Council. Theses services are reflected in the financial statement at their estimated fair market value at their date of receipt. Generally, contributed services that do not satisfy the criteria and are not recognized in the financial statements. However, certain operating expenses are paid on behalf of the Council as described in Note 14.

Store and Gallery Sales

The Council maintains a retail store to promote the works of local artists and vendors. These items are held on consignment and therefore are not recorded on the Council’s financial statements. Sales derived from the store and gallery are recognized as revenue when sold and totaled approximately $38,000 for the year ended September 30, 2022. Commissions to the artists and related costs to cultural organizations amounted to approximately $27,900 for the same fiscal period.

Advertising

Advertising costs are expensed when incurred. Total advertising expense for the year ended September 30, 2022 was $1,912,281 and is reflected under agency, advertising, and marketing in the Statement of Functional Expenses.

Tax Status

The Council is a Florida not-for-profit corporation, other than a private foundation, pursuant to Internal Revenue Code Section 501(c)(3) and, as such, is not required to pay income taxes on its exempt function income. However, income from certain activities not directly related to the Council's tax-exempt purpose is subject to taxation as unrelated business income. For the year ended September 30, 2022, management does not believe the Council has any liability with respect to unrelated business activities, and therefore no provision for income taxes has been made.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

1. Business and Summary of Significant Accounting Policies, continued Tax Status, continued

The Council follows the guidance of FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. This standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The Council assesses its income tax positions based on management’s evaluation of the facts, circumstances, and information available at the reporting date. Management does not believe that the Council has any significant uncertain tax positions that would be material to the financial statements. Furthermore, there is no Federal or State open-year tax returns under audit.

Recently Adopted Accounting Policies

As of October 1, 2021, the Council adopted the provision of FASB Accounting Standards Update 202007—Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. The purpose of the standard is to clarify the presentation and disclosure of contributed nonfinancial assets with an intention to provide the reader of the financial statements a clearer understanding of what type of nonfinancial assets were received and how they are used and recognized by the not-for-profit.

Recent Accounting Pronouncements

The Financial Accounting Standards Board (FASB) recently issued several Accounting Standards Updates (ASU’s) that affect the accounting and reporting of not-for-profit entities. ASU 2016-02, Leases (Topic 842), does not take effect until the Council’s fiscal year ending September 30, 2023, and provides new guidance for leases such that virtually all leases will be capitalized and create “right of use” assets along with associated liabilities. This standard will impact the interpretation of certain Council transactions, and management is evaluating the effect that this updated standard will have on the financial statements.

Comparable Financial Information

The financial statements include certain prior year summarized comparative information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with accounting principles generally accepted in the United States of America. Accordingly, such information should be read in conjunction with the Council’s financial statements for the year ended September 30, 2021, from which the summarized information was derived. Certain 2021 amounts may have been reclassified to conform to 2022 classifications with no effect on the previously reported change in net assets.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

2. Liquidity and Availability of Resources

Financial assets available for general expenditure within one year, that is, without donor restrictions or other restrictions limiting their use comprise the following:

The Council regularly monitors liquidity required to meet its operating needs and other contractual commitments. The Council has various sources of liquidity at its disposal, including cash and investments designated by the board for contingencies plus a $250,000 line of credit, all of which may be drawn upon in the event of unanticipated financial distress or an immediate liquidity need. Part of the Council’s liquidity management plan is to invest cash in excess of the monthly requirements into shortterm investments.

The Council receives significant revenue from a contract with Palm Beach County which typically covers over 75% of its operating expenditures on a direct reimbursement basis. It also receives grants and other private donations, some of which have donor restrictions to be used in accordance with the purpose of the restrictions, typically program costs that fulfill the mission of the Council. Because a donor’s restriction requires resources to be used in a particular manner or in a future period, the Council must maintain sufficient resources to meet those responsibilities to its donors. Some of the Council’s net assets with donor restrictions are available for general expenditure within one year of September 30, 2022 because the restrictions on the net assets are expected to be met by conducting the normal program activities of the Council in the coming year. Accordingly, the related resources have been included in the quantitative information detailing the financial assets available to meet general expenditures within one year.

3. Fair Value Measurements

The following methods and assumptions were used by the Council in estimating the fair value of financial instruments that were not disclosed under FASB ASC Topic 820.

 Cash equivalents – The carrying amount reported approximates fair value.

 Grants, contributions, and other receivable – The carrying amount approximates fair value due to the short term of the receivables.

 Pledges receivable – Valued at the present value of the estimated future cash flow using an approximate discount rate of 1.0%.

 Accounts payable, accrued expenses, and grants payable – The carrying amount reported approximates fair value due to the short-term duration of the instruments.

 Note payable – The recorded value approximates fair value, as the applicable interest rate approximates current market rates.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

3. Fair Value Measurements, continued

The following methods and assumptions were used by the Council in estimating the fair value of assets that are measured at fair value on a recurring basis under FASB ASC Topic 820. There have been no changes in the methodologies used as of September 30, 2022.

 Exchange traded funds (ETFs)- fixed income, US & international equity – valued at the quoted market price by the custodian as f the last business day of the year.

 Beneficial Interest in Trust – Valued at level 3 based on the Council’s share of the fair value of the assets that are held by the custodian, which provides a perpetual stream of income to the Council.

The following table sets forth by level, within the fair value hierarchy, the Council’s assets at fair value as of September 30, 2022:

Level 3 Gains and Losses

The table below sets forth a summary of changes in the fair value of the Council’s Level 3 asset, beneficial interest in trust, for the year ended September 30, 2022.

FASB ASC 820-10 requires disclosure of quantitative information about the unobservable inputs used to measure Level 3 assets and liabilities. The following table provides information about Level 3 assets:

4. Endowments

FASB ASC 958, Not-for-Profit Entities, Presentation of Financial Statements, provides guidance on the net asset classification of donor-restricted endowment funds for a not-for-profit organization that is subject to an enacted version of the Uniform Prudent Management of Institutional Funds Act of 2006 (UPMIFA) and improves disclosures about an organization’s endowment funds (both donor-restricted endowment funds and Board-designated endowment funds), whether or not the organization is subject to UPMIFA.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

4. Endowments, continued

The State of Florida adopted the Florida Uniform Prudent Management of Institutional Funds Act (FUPMIFA), which provides a) consistent investment and spending standards to all forms of charitable funds, b) strengthens the concept of prudent investing, c) abandons historic dollar value as a floor for expenditures and provides more flexibility to the organization in making decisions about whether to expend any portion of an endowment fund, and d) provides a process for the release or modification of restrictions on a gift instrument. The adoption by the Council of the provisions of the new law did not have a significant change in its management and investment policies of endowments.

As a result of this interpretation, the Council classifies as net assets restricted in perpetuity by donor (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified as net assets restricted in perpetuity by donor is classified as net assets restricted for a specific purpose by donor until those amounts are appropriated for expenditure by the Council in a manner consistent with the standard of prudence.

Objectives

Generally, the endowment funds are used to further the mission of the Council. Endowment funds are used to provide sufficient liquidity to support ongoing operations of the Council, provide funds for capital expenditures as may be required from time to time, launch new initiatives, and build an endowment that will generate income that may be used for general operations and support the programs of the Council. Donor restricted endowment funds will be used for the purposes designated by the donors’ restrictions.

Investment Principles

Investments shall be made solely in the best interest of the Council. The endowment funds shall be invested with care, skill, prudence and diligence under prevailing circumstances, that a prudent person acting in like capacity and familiar with such matters would use in the investment of an organization similar to the Council.

The Investment Committee is responsible for the oversight and management of the Council’s endowment funds, adhering to the limitations established for each endowment. Investments of the endowment funds shall be diversified to minimize the risk of large losses resulting from overconcentration of funds in a specific maturity, issue or type/class of securities. In managing the endowment funds, the Investment Committee will consider the following factors, if relevant:

 General economic conditions;

 Possible effect of inflation or deflation;

 Role of each investment within the overall investment portfolio;

 Expected return (income and/or appreciation);

 The Council’s other resources;

 Need to make distributions for operating funds, need to preserve capital;

 Any special value an asset may hold for benefit to the Council; and

 To the extent applicable, any expected tax consequences of decision or strategies.

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

4. Endowments, continued

The Council’s endowment net asset composition by type as of September 30, 2022 consisted of the following:

Changes in the endowment net assets for the year ended September 30, 2022, and the reconciliation to the Council’s net asset categories is presented as follows:

Spending Policy

The Council’s Board shall annually determine the amount, if any, of funds to be allocated from BoardDesignated and/or Donor Restricted Endowment funds to working capital or capital reserves, provided that any such allocation is consistent with endowment restrictions. During the year ended September 30, 2022, there were no distributions made from the endowment.

5. Investments

As of September 30, 2022, major categories of investments were comprised of the following:

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

5. Investments, continued

Investment income consists of dividends and interest, and is shown net of fees in the Statement of Activities. Investment management fees are paid quarterly based upon a percentage of assets under management and amounted to approximately $2,500 for the year ended September 30, 2022.

6. Contract with Palm Beach County

The Council annually enters into an administrative services and agency contract with the County. The contract provides that the Council will perform and administer various program services such as grants administration, marketing administration, and marketing and advertising with funds provided by the TDC to promote cultural arts in the County. For the year ending September 30, 2022, the funding for this contract is provided by 20.72% of the revenue generated from 2nd, 3rd, 5th, and 6th cent of the Palm Beach County 6.00% Tourist Development Tax (also referred to as the "Bed Tax"). The contract for the year ended September 30, 2022 was for an amount not to exceed $2,348,400 (per modified budget). As of September 30, 2022, the Council had amounts receivable from Palm Beach County totaling approximately $682,300 relating to program service reimbursements.

In addition, under this contract the Council acts as an agent for the County by reviewing applications of cultural organizations and local artists and requesting funding on their behalf. These "Category B" monies (known internally as Category B and Category C-II), which are also funded by 20.72% Tourist Development Tax, are requested by the Council from the County, and are to be paid directly to the grantee. These funds are not recorded as revenue or expense of the Council. During the year ended September 30, 2022, the Council, under the direction of the TDC, administered approximately $4,574,032 of "Category B" grant monies to cultural organizations.

The Council also entered into an agreement with the County to implement and administer a cultural development program, Category C-I, which provides grants to small and emerging non-profit cultural organizations. "Category C" monies (known internally as Category C-I), are funded by County’s ad valorem taxes and totaled approximately $211,700 for the year ended September 30, 2022. The funds are requested from the County by the Council and are then distributed to the awarded grantee. Additionally, a portion of the funds, not to exceed 15%, may be used by the Council to administer the program. As of September 30, 2022, the Council had grants receivable from Palm Beach County totaling approximately $61,200 and the Council had grants payable to the grantees of approximately $56,100 relating to "Category C” monies.

During the fiscal year 2022, in addition to the basic contract funding from Palm Beach County, the Council also received Marketing Stimulus Funding of approximately $902,500 designated to boost advertising post COVID-19 pandemic. Reimbursement of these stimulus expenses follows the same process as other County contract expenses. This amount may be recovered by the County through contract adjustments project to occur from 2023 to 2027. The Council had a receivable from Palm Beach County totaling approximately $51,100 relating to stimulus funds.

*Reconciling items include accrual basis transactions of $8,333 in prepaid expenses.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

7. Pledges Receivable

Pledges receivable consist of unconditional promises to give from individuals. Pledges that are expected to be collected within one year are recorded at their net realizable value, while those that are expected to be collected in future years are recorded at the present value of their estimated future cash flows. The discount on those amounts is computed using an interest rate applicable to the years in which the promises are received (1.0% as of the date of the capital campaign/major gift). Pledges receivable as of September 30, 2022 was $50,000.

Management believes that pledges receivable are fully collective and, therefore, no allowance for uncollectible receivables was considered necessary.

8. Beneficial Interest in Trust

The Council is the income beneficiary of a perpetual trust, whose assets are held by the Community Foundation for Palm Beach and Martin Counties, Inc. (the “Foundation”) as an endowed component fund (“Fund”). Under the terms of the Fund, the Foundation’s Board of Directors has a variance power to modify any restriction or condition on the distribution of funds for any specific charitable purpose or to specified organizations, if in their sole judgement (without the approval of any trustee, custodian, or agent), such restriction or conditions becomes, in effect, unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community or the area served by the Foundation. The Fund is subject to the Foundation’s investment and spending policies. During the year ended September 30, 2022, the Council received $7,500 distributions from the Fund.

9. Property and Equipment

Property and equipment as of September 30, 2022, consisted of the following:

10. Note Payable

Note payable to the City of Lake Worth Community Redevelopment Agency (LW CRA). The note is interest free and non-amortizing. The principal will be forgiven as long as the Council fulfills the restrictions surrounding the use of the loan funds. The final ten percent (10%) of the original note was forgiven during the year ended September 30, 2022.

11. Line of Credit

The Council received a commitment from a financial institution for a line of credit in the amount of $250,000 secured by equipment, fixtures and general intangibles. Interest is due monthly at the greater of the Bank’s Prime Rate or 7.62% as of September 30, 2022. As of September 30, 2022, there is no outstanding balance.

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

12. Net Assets with Donor Restrictions

Net assets with donor restrictions as of September 30, 2022 consisted of the following:

for a specific purpose:

13. Pension Plan

The Council has established a 401(k) defined contribution plan for the benefit of substantially all eligible employees. Employees who work 1,000 hours or more are eligible to receive a fully vested employer contribution after one year of employment and are eligible to contribute to the plan after 90 days of employment. The Council currently contributes 6% (a mandatory 3% safe harbor contribution and an additional 3% discretionary contribution) of the employee’s base salary, regardless of the employee’s contribution.

The employee may contribute to the Plan up to the total deferral allowed by law. The Council’s contribution to this plan was approximately $69,900 for the year ended September 30, 2022.

14. Contributions, In-Kind

Contributed goods and services are reflected as contributions in-kind support, and expenses or assets in the accompanying financial statements. At times, businesses contribute equipment, advertising, and other professional services. The products and professional services are recorded at their estimated fair value. On behalf of the Council, the County directly paid approximately $159,600 of tax collector commission expenses, $149,100 of administrative expenses, and $10,000 of inspector general expenses for the year ended September 30, 2022.

The Council recognized $179,500 of advertising, promotion, and consulting as in-kind general administrative expenses, which are reflected in the Statement of Activities as part of in-kind administration support. The allocation of the use of the in-kind by type is included in the Statement of Functional Expenses. Advertising and promotion, $168,800, are valued based on prices of advertising time and/or space. Consulting services, $10,700, are value based on the price of the services provided.

CULTURAL COUNCIL OF NOTES TO FINANCIAL STATEMENTS PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

15. Business and Credit Concentrations

The Council receives grants from the County and the TDC as reflected in the Statement of Activities. Direct funding by these agencies represent approximately 75% of the Council's 2022 total revenue and support, and requires the fulfillment of certain conditions as set forth in the contract documents. Failure to fulfill such obligations could result in a reduction of future funding. A significant reduction in the level of this support could have a substantial effect on the Council's programs and activities. Although there is a possibility of such an occurrence, management believes this contingency to be remote, since by accepting the terms and conditions of the contracts, it will operate in accordance with the agreements.

At various times during the year, the Council has funds on deposit that exceed the $250,000 insured by the Federal Deposit Insurance Corporation. The Council minimizes its risk by depositing cash in financial institutions with a high credit standing. The Council has not experienced any losses of such funds and management believes the Council is not exposed to significant risk on cash. As of September 30, 2022, the Council had approximately $571,100 in excess of insured limits.

16. Lease Commitments

The Council leases office equipment with lease terms extending through May 2023. As of September 30, 2022 the future minimum lease payments under operating leases was approximately $5,500.

17. Payroll Protection Program Loan

The Council submitted a second loan application with its bank under the Paycheck Protection Program (the “PPP Loan”) as part of the Coronavirus Aid Relief, and Economic Security Act (“CARES ACT”) for $250,000 to fund payroll, rent, utilities, and other costs. The loan was approved and funded on February 2, 2021, and fully forgiven on December 20, 2021.

18. Contract with Lake Worth Community Redevelopment Agency

In September 2009, the Council entered into an agreement with the City of Lake Worth Community Redevelopment Agency (the "CRA") under which the CRA agreed to contribute to the rehabilitation of a building to be used as the Council’s headquarters. The funds provided to the Council came in the form of a ten-year forgivable, interest-free, and non-amortizing loan in the amount of $700,000. The loan is forgivable over a ten-year period from the issuance of the certificate of occupancy (December 2011) provided that the Council continuously occupies the building to house its headquarters. The amount owed to the CRA will be reduced by 50% after five years (December 2016) of occupancy and will be further reduced by an additional 10% each year of the remaining five years of occupancy.

Through Mary M. Montgomery’s Foundation, The BMC Charitable Foundation, Inc., the Council obtained a building located at 601 Lake Avenue, Lake Worth, Florida, valued at $1,350,000. The Council continues to use and operate the building as its corporate headquarters and in support of education and promotion of cultural arts in Palm Beach County. As of September 30, 2022 the loan was fully forgiven.

PALM BEACH COUNTY, INC.

For the Year Ended September 30, 2022

19. Subsequent Events

The Council’s management has evaluated subsequent events through January 11, 2023, the date on which the financial statements were available to be issued, and determined the following events to disclose in these financial statements.

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Directors of Cultural Council of Palm Beach County, Inc. Lake Worth, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Cultural Council of Palm Beach County, Inc. (a not-for-profit corporation), which comprise the statement of financial position as of September 30, 2022, and the related statements of activities and cash flows for the year then ended, and the related notes to the financial statements, and have issued our report thereon dated January 11, 2023.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered Cultural Council of Palm Beach County, Inc.’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Cultural Council of Palm Beach County, Inc.’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Cultural Council of Palm Beach County, Inc.’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Cultural Council of Palm Beach County, Inc.’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the organization’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the organization’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

West Palm Beach, Florida

January 11, 2023

Holyfield & Thomas, LLC

Holyfield

Certified Public Accountants & Advisors

125 Butler Street  West Palm Beach, FL 33407

(561) 689-6000  Fax (561) 689-6001  www.holyfieldandthomas.com

To the Board of Directors and Management of Cultural Council of Palm Beach County, Inc.

Lake Worth Beach, Florida

In planning and performing our audit of the financial statements of Cultural Council of Palm Beach County, Inc. (the “Organization”) as of and for the year ended September 30, 2022, in accordance with auditing standards generally accepted in the United States of America, we considered Organization’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Organization’s internal control.

Definitions Related to Internal Control Deficiencies

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency or a combination of deficiencies in internal control, such that there is a reasonable possibility that a material misstatement of the Organization’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our Responsibilities

Our consideration of internal control was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control that might be significant deficiencies or material weaknesses and, therefore, there can be no assurance that all such deficiencies have been identified. We did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weakness may exist that have not been identified. * * *

This communication is intended solely for the information and use of management, those charged with governance and others within the Council and is not intended to be and should not be used by anyone other than these specified parties.

Very truly yours,

West Palm Beach, Florida

January 11, 2023

Holyfield & Thomas, LLC

& Thomas, LLC

Palm Beach County Film & TV Commission

Holyfield & Thomas, LLC

Certified Public Accountants & Advisors

125 Butler Street  West Palm Beach, FL 33407

(561)689-6000  Fax (561) 689-6001  www.holyfieldandthomas.com

To the Audit Committee of Palm Beach County Film and Television Commission, Inc. West Palm Beach, Florida

We have audited the financial statements of Palm Beach County Film and Television Commission, Inc. (the “Organization”) for the year ended September 30, 2022, and expect to issue our report in March 2023. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated October 3, 2022. Professional standards also require that we communicate to you the following information related to our audit.

Significant Audit Matters

Qualitative Aspects of Accounting Practices

Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Palm Beach County Film and Television Commission, Inc. are described in Note 1 to the financial statements. Palm Beach County Film and Television Commission Inc. adopted the new FASB Accounting Standards Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, in 2022. The purpose of the standard is to clarify the presentation and disclosure of contributed nonfinancial assets with an intention to provide the reader of the financial statements a cleared understanding of what type of nonfinancial assets were received and how they are used and recognized by the not-forprofit. The application of the new standard had no significant impact on Palm Beach County Film and Television Commission Inc.’s financial statements.

We noted no transactions entered into by Palm Beach County Film and Television Commission, Inc. during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Estimates

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The significant estimate for the current year financial statements is accrued vacation.

We evaluated the key factors and assumptions used to develop the estimated amounts in determining that they are reasonable in relation to the financial statements taken as a whole.

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosure affecting the financial statements is related to the disclosure of Liquidity and Availability of Resources the guidance of FASB ASC 958, Presentation of Financial Statements as presented in Note 2 to the financial statements.

Palm Beach County Film and Television Commission, Inc.

March 2, 2023

Page 2 of 4

The financial statement disclosures are neutral, consistent, and clear.

Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Adjustments

Professional standards require us to accumulate all adjustments identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Holyfield & Thomas recorded three reclassifying journal entries, all of which are for financial statement purposes, and none of which are required to be posted by the Organization. The entries as described are summarized as follows (and attached to this letter).

 To reclassify prepaid expenses

 To reclassify the accrual for EOY vacation

Disagreements with Management

For purposes of this letter, a disagreement with management is a disagreement on a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations

We will request certain representations from management that are included in the management representation letter.

Management Consultations with Other Independent Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the Organization’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

Other Audit Findings or Issues

We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Organization’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention.

Palm Beach County Film and Television Commission, Inc.

March 2, 2023

Page 3 of 4

Other Information in Documents Containing Audited Financial Statements

We are not aware of any documents that contain the audited financial statements. If such documents were to be published, we would have a responsibility to determine that such financial information was not materially inconsistent with the audited statements of the Organization.

Other Matters

Supplementary Information

With respect to the supplementary information accompanying the financial statements, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with U.S. generally accepted accounting principles, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves

Closing

We are pleased to respond to any questions you have about the audit or the contents of this letter. We appreciate the opportunity to be of service to you with respect to your audit and accounting needs.

This information is intended solely for the use of Audit Committee and management of Palm Beach County Film and Television Commission, Inc. and is not intended to be, and should not be, used by anyone other than these specified parties.

Very truly yours,

Holyfield & Thomas, LLC

West Palm Beach, Florida

Client: 04273.00 - Palm Beach County Film & Television Commission

Engagement: Audit - 2022 Audit - PBCFTV

REPORT ON AUDIT OF FINANCIAL STATEMENTS

For The Year Ended September 30, 2022 (with comparable totals for 2021)

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

Thomas, LLC

INDEPENDENT AUDITOR’S REPORT

To the Board of Directors of Palm Beach County Film and Television Commission, Inc. West Palm Beach, Florida

Opinion

We have audited the accompanying financial statements of Palm Beach County Film and Television Commission, Inc. (a nonprofit organization), which comprise the statement of financial position as of September 30, 2022, and the related statements of activities, functional expenses, and cash flows for the year then ended, and the related notes to the financial statements.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Palm Beach County Film and Television Commission, Inc. as of September 30, 2022, and the changes in net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Palm Beach County Film and Television Commission, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Palm Beach County Film and Television Commission, Inc.'s ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

Auditor’s Responsibility for the Audit of the Financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Palm Beach County Film and Television Commission, Inc.'s internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Palm Beach County Film and Television Commission, Inc.'s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

Report on Summarized Comparative Information

We have previously audited the Palm Beach County Film and Television Commission, Inc.’s 2021 financial statements, and we expressed an unmodified audit opinion of those audited financial statements in our report dated March 11, 2022. In our opinion, the summarized comparative information presented herein as of and for the year ended September 30, 2021 is consistent, in all material respects, with the audited financial statements from which it has been derived.

Report on Supplementary Information

Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The Schedule of Functional Expenses – Contract and Non-Contract on page 16 is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.

Holyfield & Thomas, LLC

West Palm Beach, Florida

March 2, 2023

STATEMENT OF FINANCIAL POSITION

As of September 30, 2022(with comparable totals for 2021)

See accompanying notes to financial statements.

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF ACTIVITIES

For the Year Ended September 30, 2022(with comparable totals for 2021)

See accompanying notes to financial statements.

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2022(with comparable totals for 2021)

Reconciliation of change in net assets to net cash used in operating activities:

Adjustments to reconcile change in net assets to net cash used in operating activities:

See accompanying notes to financial statements.

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF FUNCTIONAL EXPENSES

For the Year Ended September 30, 2022(with comparable totals for 2021)

See accompanying notes to financial statements.

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

AND TELEVISION COMMISSION, INC.

For the Year Ended September 30, 2022

1. Organization and Summary of Significant Accounting Policies Organization and Nature of Activities

Palm Beach County Film and Television Commission, Inc. (the "FTC") is a not-for-profit organization incorporated in 1989 in the State of Florida. The FTC’s mission is to generate a positive impact on business tourism and the economy in Palm Beach County (the “County”) through the growth of the film, television, digital media and still photography industry, by attracting on-location production and educating the local workforce and providing services to both the visiting and the indigenous production community.

In 2016, FTC added a new business strategy that actively pursues episodic TV shows/content that positively showcases the Palm Beach County tourism brand. The Tourism Branded Content Sponsorship Program stimulates the creation of carefully crafted, high quality programming with established distribution to brand The Palm Beaches within niche markets. Through the allocated budget line-items Development and Sponsorships and Stimulus, the FTC can strategically leverage production costs to generate more targeted production.

The FTC provides scholarships and grants to students and schools through a contract with the Palm Beach County Department of Housing and Economic Sustainability (now known as the Department of Housing and Economic Development) (the “DHED”). Awards are determined through an annual statewide student film competition.

Basis of Presentation and Method of Accounting

The accompanying financial statements of the FTC have been prepared on the accrual basis of accounting, whereby revenues and support are recognized when earned, and expenses when the corresponding liability is incurred. This basis of accounting conforms to accounting principles generally accepted in the United States of America.

Financial Statements Presentation

The accompanying financial statements have been prepared on the accrual basis of accounting in conformity with the disclosure and display requirements of the Financial Accounting Standards Board (FASB) as set forth under FASB Accounting Standards Codification (FASB ASC) 958-205 Not-for-Profit Entities, Presentation of Financial Statements. Accordingly, the net assets of FTC are reported as follows:

Net assets without donor restrictions – this classification includes those net assets whose use is not restricted by donors, even though their use may be limited in other respects, such as by contract or by Board designation. Changes in net assets arising from exchange transactions (except income and gains on assets that are restricted by donors or by law) are included in net assets without donor restrictions. The FTC releases any purpose restrictions to this classification when funds are used for their intended purpose and when assets are placed in service for the use stipulated by the donor.

AND TELEVISION COMMISSION, INC.

For the Year Ended September 30, 2022

1. Organization and Summary of Significant Accounting Policies, continued

Net assets with donor restrictions – this classification includes those net assets whose use by the FTC has been limited by donors to either a later period of time, or after a specified date, or for a specified purpose. This classification also includes net assets that must be maintained by the FTC in perpetuity. Net assets with donor restrictions in perpetuity increase when the FTC receives contributions for which donor-imposed restrictions limiting the FTC’s use of an asset or its economic benefits neither expire with the passage of time nor can be removed by the FTC meeting certain requirements. As of September 30, 2022, FTC had no net assets with donor restrictions.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Accounting and Use of Non-Tourist Tax Funds

The FTC is required to maintain policies and procedures that make provision for one or more separate accounts for receipt of non-tourist tax revenues received by the FTC, such as membership dues, participation fees, and contributions, and for the payment from such accounts of expenses of the FTC that are not reimbursed pursuant to the Palm Beach County Contract (as further described in Note 4). The FTC shall incur and pay only such expenses as are lawful, ordinary, and necessary administrative and operating expenses incurred in connection with the marketing and promotion of Palm Beach County tourism.

Cash and Cash Equivalents

Cash and cash equivalents consist primarily of checking accounts at a federally chartered bank. For purposes of the Statement of Cash Flows, all highly liquid investments with a maturity of three months or less when purchased are also considered to be cash equivalents.

Reimbursement due from Palm Beach County

FTC records contract reimbursements due from Palm Beach County as allowable expenses are incurred, approved, and billed. All amounts are deemed fully collectible and no allowance is considered necessary.

Prepaid Expenses

As a part of its normal operations, the FTC pays certain expenses including insurance, postage, and professional memberships prior to the actual use of those assets. Such amounts are recorded as prepaid expenses in the Statement of Financial Position, and are recognized as expense as the benefit is realized. As of September 30, 2022, the FTC has a prepaid expenses balance of $7,951.

AND TELEVISION COMMISSION, INC.

For the Year Ended September 30, 2022

1. Organization and Summary of Significant Accounting Policies, continued Accrued Expenses

As of September 30, 2022, the FTC's accrued expenses include costs of accrued employee benefits of $13,543.

County Contract Advance

In connection with the FTC’s administrative services and agency contract (further described in Note 4), Palm Beach County advanced FTC $300,000 for use in facilitating vendor payments and other working capital needs, pending reimbursement of requested expenses.

Revenues and Support

Income generated by the FTC can be classified as either Revenues or Support. Revenues are generated through exchange transactions, while Support is generated through non-exchange transactions. The largest portion of the FTC’s income comes from grants and contracts, both of which are non-exchange transactions and are considered Support.

Grants and Contracts

Contract income from Palm Beach County and grant income from the DHED are recognized on a cost reimbursement basis. Revenue from contracts and grants are recognized when expenditures are made and recognized for the purposes specified.

Contributions

The FTC follows FASB Accounting Standard Codification (FASB ASC) 958-065, Accounting for Contributions Received and Contributions Made. In accordance with this standard, contributions received are recorded as with or without donor restrictions depending on the existence and/or nature of any such restrictions. Contributions that are initially restricted as to time or use are required to be reported as contributions with donor restrictions and are later reclassified to net assets without donor restrictions upon expiration of the time or use restriction. If the restriction placed upon a contribution is met within the same accounting period as the receipt of the contribution, FASB ASC 958-065 permits the contribution and the expense to be reported as net assets without donor restrictions. The FTC's donations from various sponsors are recorded as received and are generally without donor restrictions.

Membership

Membership revenue consists of dues assessed annually to members of the FTC’s Board of Directors, and is recognized upon receipt. These assessments are used to fund expenses that are not reimbursable under contract or grant agreements.

AND TELEVISION COMMISSION, INC.

For the Year Ended September 30, 2022

1. Organization and Summary of Significant Accounting Policies, continued Advertising

The FTC expenses advertising costs as incurred. Total expenditures for advertising costs for the year ended September 30, 2022 were $16,692.

Donated Services

The FTC follows FASB ASC Topic 958-605, Not-for-Profit Entities, Revenue Recognition for donated services from volunteers, board members, and other third parties who assist in fund-raising and education programs and from professionals who donate services. The value of the contributed services should be recognized when they (a) create or enhance a nonfinancial asset or (b) require specialized skills, are provided by entities or persons possessing those skills, and would need to be purchased if they were not donated. Generally, the value of volunteer services to the FTC does not satisfy these criteria and is therefore not recognized in the financial statements.

Functional Allocation of Expenses

Costs of providing the FTC’s various programs and other activities have been summarized on a functional basis in the Statement of Activities. Costs are allocated among film and television promotion, education, and management and general based on a percentage of the related activities.

Scholarships

The FTC scholarships are paid to identified recipients of The Palm Beaches Student Showcase of Films.

Tax Status

The FTC is exempt from federal and state income taxes pursuant to Internal Revenue Code Section 501(c)(6) and Chapter 220.13 of the Florida Statues. Therefore, the financial statements do not reflect a provision for income taxes.

The FTC follows the guidance of FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with certain aspects of measurement and recognition in accounting for income taxes. This standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position that an entity takes or expects to take in a tax return. An entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The FTC assesses its income tax positions based on management’s evaluation of the facts, circumstances, and information available at the reporting date. Management does not believe that the FTC has any significant uncertain tax positions that would be material to the financial statements. Furthermore, there is no federal or state open-year tax return under audit.

For the Year Ended September 30, 2022

1. Organization and Summary of Significant Accounting Policies, continued Fair Value Measurement

The FTC follows FASB ASC 820, Fair Value Measurement. This standard defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and requires expanded disclosures about fair value measurements of financial instruments.

The standard also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs when available. Observable inputs are those that market participants would use in pricing the asset or liability based on the best information available in the circumstances.

The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and lowest priority to unobservable inputs (Level 3). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level of input that is significant to the fair value measurement of the instrument.

The three levels of the fair value hierarchy are described below:

Level 1 - Inputs that utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the FTC has the ability to access.

Level 2 - Inputs that include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Fair values for these instruments are estimated using pricing models or quoted prices of assets and liabilities of similar characteristics.

Level 3 - Inputs that are unobservable for the assets or liabilities, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity.

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

Recently Adopted Accounting Policies

As of October 1, 2021, the FTC adopted the provisions of FASB ASU Accounting Standards Update 202007—Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. The purpose of the standard is to clarify the presentation and disclosure of contributed nonfinancial assets with an intention to provide the reader of the financial statements a clearer understanding of what type of nonfinancial assets were received and how they are used and recognized by the not-for-profit.

For the Year Ended September 30, 2022

1. Organization and Summary of Significant Accounting Policies, continued Recent Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). ASU 2016-02 replaces existing leasing rules with a comprehensive lease measurement and recognition standard and expanded disclosure requirements. ASU 2016-02 will require lessees to recognize most leases on their statement of financial position as “right of use assets” with corresponding liabilities. The standard does not take effect until the FTC's fiscal year ending September 30, 2023. Management is currently evaluating the magnitude and potential impact on the FTC’s financial statements.

Comparable Financial Information

The financial statements include certain prior-year summarized comparative information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with accounting principles generally accepted in the United States of America. Accordingly, such information should be read in conjunction with the FTC’s financial statements for the year ended September 30, 2021, from which the summarized information was derived. Certain 2021 amounts may have been reclassified to conform to 2022 classifications with no effect on the previously reported change in net assets.

2. Liquidity and Availability of Resources

Financial assets available for general expenditure within one year, that is, without donor restrictions or other restrictions limiting their use comprise the following:

The FTC receives significant income from its Palm Beach County Contract (see Note 4), which covers the majority of its operating expenditures on a direct reimbursement basis. The Organization also receives grants and other income that may or may not be restricted for use in a particular program.

3. Fair Value Measurement

The following methods and assumptions were used by the FTC in estimating the fair value of financial instruments that were not disclosed under FASB ASC Topic 820.

 Cash equivalents – The carrying amount reported approximates fair value.

 Reimbursement due from Palm Beach County – The carrying amount approximates fair value due to the short term of the amounts due.

 Accounts payable, accrued expenses, and other liabilities – The carrying amount reported approximates fair value due to the short-term duration of the instruments.

For the Year Ended September 30, 2022

3. Fair Value Measurement, continued

The FTC has no assets or liabilities measured at fair value on a recurring basis under FASB ASC Topic 820, for 2022. There have been no changes in the methodologies used as of September 30, 2022.

4. Contract with Palm Beach County

The FTC annually enters into an administrative services and administrative agency contract with the County. The contract provides that the FTC will perform, administer and, in certain cases, provide financial sponsorship for various functions, such as attracting and permitting film and television production, advertising, public relations, production marketing and trade shows, incorporating diversity in programing and operations, familiarization tours, and other projects and services to promote the growth of the film, television, digital media and still photography industry in the County. For the year ending September 30, 2022, the funding for this contract is provided by revenue generated from the 2nd, 3rd, 5th, and 6th cents of the Palm Beach County 6.00% Tourist Development Tax (also referred to as the "Bed Tax"). The contract, as amended, for the year ended September 30, 2022 was for an amount not to exceed $1,133,000.

In connection with the County contract, the FTC submits requests for reimbursement of allowable payments and expenditures and records the corresponding revenue as the request is approved and paid. Subsequent adjustments made in accordance with US GAAP to certain payments and expenditures may often create timing differences between the contract utilization according to the County and amounts reported in these financial statements. The fiscal year-end amounts and related adjustments are summarized as follows:

*Reconciling items include accrual basis transactions.

In addition to the $1,093,427 in funding from the contract with Palm Beach County, the FTC received Stimulus funding of $290,000 to be used for marketing purposes, as well as funding of $100,000 for tourism branded content. The reimbursement relating to these expenses follows the same process as other County contract expenses.

5. Grant Agreement

The FTC originally entered into a grant agreement with the DHED on March 11, 2003. The grant agreement has been renewed and extended through September 2022. The grant agreement provides the financial resources to support educational programs in the film and television industry in Palm Beach County and implement the Palm Beach County Film and TV Tech Prep Program in order to foster a stronger and more balanced economy in Palm Beach County. For the year ended September 30, 2022, the FTC received a total of $75,000 associated with this grant.

For the Year Ended September 30, 2022

6. Non-Contract Expenses

The FTC incurs certain expenses that are not reimbursed under the PBC contract or the DHED grant agreement. As of September 30, 2022 the total amount of non-contract and non-DHED expenses, less the in-kind, was $406,857.

7. Pension Plan

FTC approved the implementation of a 401(k), Profit - Sharing Plan (“Plan”). Full time employees who have completed one year of service are eligible to participate in the Plan. During 2022, the employer contributions are 10.86% of an eligible employee’s compensation, and employees are fully vested after three years of service. During the year ending September 30, 2022, the FTC contributed $56,446 for this 401(k) program.

8. Contributions, In-Kind

Contributed services are reflected as in-kind support, and expenses or assets in the accompanying financial statements. On behalf of the FTC, the County directly paid $65,619 of administrative expenses, $2,637 of inspector general expenses, and $33,194 of tax collector commission expenses for the year ended September 30, 2022. The County also provided office space valued at $34,515 to FTC in exchange for no payment. Amounts recorded for these County-provided expenses and office space are based upon reports from the County, and the estimated fair value rent for similar space in this market. In addition, FTC Board members contributed $650 in promotional and other miscellaneous services in exchange for membership dues, and various organizations contributed services in connection with the Student Showcase of Films totaling $68,418. Such in-kind support is recorded at amounts the FTC estimated it would have paid for these services.

9. Business and Credit Concentrations

The FTC receives contract funding from the County as reflected in the Statement of Activities. Direct funding by the County represents approximately 83% of the FTC's 2022 total revenue and support, and requires the fulfillment of certain conditions as set forth in the contract documents. Failure to fulfill such obligations could result in a reduction of future funding. A significant reduction in the level of this support could have a substantial effect on the FTC's programs and activities. Although there is a possibility of such an occurrence, Management believes this contingency to be remote, since by accepting the terms and conditions of the contracts, it will operate in accordance with the agreements. In addition, Management continually monitors the funding resources allocated by the County and adjusts the budget as necessary for ongoing sponsorship commitments through the FTC’s Sponsorship Committee.

The FTC uses an FDIC insured financial institution to maintain its cash, which at times may exceed FDIC insured limit. The FTC has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on such cash. As of September 30, 2022, the FTC did not have any uninsured deposits held in banks.

10. Subsequent Events

The FTC has evaluated subsequent events through March 2, 2023, the date on which the financial statements were available to be issued, and determined that there were no further disclosures required to be presented in these financial statements.

For the Year Ended September 30, 2022

SCHEDULE OF FUNCTIONAL EXPENSESCONTRACT AND NON-CONTRACT

See independent auditors' report.

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

& Thomas, LLC

Certified Public Accountants & Advisors

125 Butler Street  West Palm Beach, FL 33407

(561)689-6000  Fax (561) 689-6001  www.holyfieldandthomas.com

To the Board of Directors and Management of Palm Beach County Film and Television Commission, Inc.

West Palm Beach, Florida

Ladies and Gentlemen:

In planning and performing our audit of the financial statements of Palm Beach County Film and Television Commission, Inc. as of and for the year ended September 30, 2022, in accordance with auditing standards generally accepted in the United States of America, we considered Palm Beach County Film and Television Commission, Inc.’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Organization’s internal control.

Definitions Related to Internal Control Deficiencies

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Organization’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our Responsibilities

Our consideration of internal control was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

* * *

This communication is intended solely for the information and use of management, those charged with governance and others within the Organization and is not intended to be and should not be used by anyone other than these specified parties.

Very truly yours,

Holyfield & Thomas, LLC

West Palm Beach, Florida March 2, 2023

Cultural Council for Palm Beach County Organizational Chart

19 positions budgeted

16 positions filled

0 positions requested

19 total positions

Palm Beach County Sports Commission

Organizational Chart

13 positions budgeted

10 positions filled

0 positions requested

13 total positions

Organization Chart

11 positions budgeted

9 positions filled

0 positions requested

11 total positions

6. NEW BUSINESS

Grant Summary

Event Fact Sheet

Event Name: World Invite / Crossroads Florida Open

Event Owner: Prospect Select Baseball, Inc.

Grantee: Prospect Select Baseball, Inc.

Funding Recommendation: $12,500

Dates: September 8‐11, 2023

Sport: Baseball

Level of Competition: Amateur

Age Range: High School (14U, 15U/16U, 17U/18U)

Proposed Venues: Ballpark of the Palm Beaches

Roger Dean Chevrolet Stadium

Santaluces Athletic Complex

Estimated Participation & Projecting 70 total teams (45 traveling & 25 from South Florida)

Room Nights: 45 traveling teams * 15 players per team = 675 total youth athletes

45 traveling teams * 15 spectators per team = 675 total adult spectators

1,350 total traveling participants / 5 people per room = 270 rooms

270 rooms * 3.5 nights = 945 room nights

Estimated Economic Impact: 675 youth athletes * $120.36 avg. daily spend * 3.5 days = $284,350

675 adult spectators * $240.71 avg. daily spend * 3.5 days = $568,677

Total Visitor Spending = $853,027

Just Bring Your Game

Palm Beach County Sports Commission 2195 Southern Blvd., Suite 550 West Palm Beach, FL 33406 – (561) 233-3180 Fax: (561) 233-3125

www.PalmBeachSports.com

Event Description:

The Palm Beach County Sports Commission is partnering with Prospect Select Baseball to host the World Invite at Ballpark of the Palm Beaches, Roger Dean Chevrolet Stadium, and the Santaluces Athletic Complex on September 8‐11, 2023. Concurrently, the Crossroads Florida Open (a subsidiary of Prospect Select Baseball) will also take place at the three venues from September 8‐10, 2023. These two events combined will feature approximately 70 teams consisting of 1,050 athletes competing in a variety of age groups (14U, 15U/16U, & 17U/18U). An estimated 45 teams and 675 athletes will be traveling from outside of the South Florida region. This is a wood composite bat tournament. Teams are guaranteed to play a minimum of four (4) games. The tournament begins with a pool play format. After the first 3 games, teams are ranked and participate in a single elimination playoff.

Prospect Select Baseball is a high caliber amateur baseball organization that owns a variety of robust baseball events taking place throughout the nation. In addition to the World Invite, Prospect Select Baseball hosts its National Showcase (Palm Beach Classic) and Palm Beach Open in Palm Beach County.

Event Schedule:

Event History:

Prospect Select Baseball created the World Invite in 2021, and was previously held in Viera, FL. The Palm Beach County Sports Commission, in partnership with the two MLB Spring Training venues and the Santalcues Athletic Complex, successfully relocated this event to The Palm Beaches. Combining this with the Crossroads Florida Open will create operational efficiencies.

Marketing & Media

Prospect Select has one of the most robust social media campaigns compared to other amateur baseball organizations. Prospect Select garners 750,000 to 1,000,000 Twitter Impressions on event weekends. Prospect Select also generates peak website hits of 100,000+ per month with a low range of 8,000 to 12,000 hits per month.

About Prospect Select Baseball:

Prospect Select Baseball, Inc. is a high caliber amateur baseball organization founded in 2008. Prospect Select operates multiple Tournament and Showcase events in eight states along the eastern corridor of the United States, from New England to South Florida. Prospect Select draws over 600 teams from New England to Florida, and Colorado to Texas. Their international teams hail from Puerto Rico, Venezuela, Dominican Republic, and the Bahamas.

The mission of Prospect Select is to put high school age baseball players in the best possible position to be successful in their future collegiate and/or professional careers. This is accomplished through superior quality scheduled Showcase and Tournament events that allow players, coaches, and scouts to mutually achieve their objectives. Prospect Select Baseball provides the most technologically advanced platforms to serve as a single source point for information, videos, and rankings for recruiting purposes.

Prospect Select Baseball – Multiple events in The Palm Beaches:

Currently, Prospect Select Baseball is hosting three (3) national tournaments in Palm Beach County. In addition to the World Invite in September, Prospect Select Baseball’s National Showcase, the Palm Beach Classic, takes place in June, along with the Palm Beach Open in July. Last year, these tournaments generated 6,635 room nights for Palm Beach County hotels.

PBCSC Responsibilities:

• Operational and logistical support

• Volunteer recruitment

• Communication with Ball Park of the Palm Beaches, Roger Dean Chevrolet Stadium, and the Santaluces Athletic Complex

• Procurement of more baseball diamonds might be required (high school venues, colleges, and municipal parks and recreation facilities will be approached)

• Financial support to offset costs help offset event‐related expenses

Primary Benefits:

• Substantial room night generation for the early fall timeframe (September)

• This event will utilize Ballpark of the Palm Beaches, Roger Dean Chevrolet Stadium, and the Santaluces Athletic Complex

• This event enhances Palm Beach County’s resume as a premier destination for baseball

• This tournament is gaining popularity as one of the top tournaments within Prospect Select’s portfollio of events and is projected to experience significant growth in team participation in the coming years.

Just Bring Your Game

County Sports

www.PalmBeachSports.com

Event Fact Sheet

Event Name: Perfect Game Palm Beach Gardens Open

Event Owner: Perfect Game USA, Inc.

Grant Recommendation: $18,000

FSF Funding: N/A

Dates: September 22‐24, 2023

Sport: Baseball

Level of Competition: Youth/Amateur

Age Range: 9U‐12U

Proposed Venues: Gardens Park, Palm Beach Gardens

Estimated Participation & Projecting 50 total teams (20 traveling & 30 from South Florida)

Room Nights: 20 traveling teams * 18 players per team = 360 total youth athletes

20 traveling teams * 20 spectators per team = 400 total adult spectators

760 total traveling participants / 4 people per room = 190 rooms

190 rooms * 3 nights = 570 room nights

Estimated Economic Impact: 360 youth athletes * $120.36 avg. daily spend * 3 days = $129,988

4005 adult spectators * $240.71 avg. daily spend * 3 days = $288,852

Total Visitor Spending = $418,840

Event Description: The Palm Beach County Sports Commission is partnering with Perfect Game USA in organizing the inaugural Palm Beach Gardens Open, which will attract the most talented youth baseball players in the

Just Bring Your Game

Palm Beach County Sports Commission 2195 Southern Blvd., Suite 550 West Palm Beach, FL 33406 – (561) 233-3180 Fax: (561) 233-3125

www.PalmBeachSports.com

9U‐12U age groups. The Perfect Game Palm Beach Gardens Open will take place on September 22‐24, 2023, utilizing Gardens Park in Palm Beach Gardens.

More than 50 teams are expected for this inaugural event, which marks the first youth Perfect Game event taking place in The Palm Beaches. In total, more than 900 athletes and over 1,000 attendees will travel to attend this event. Teams are guaranteed a minimum of 3 games, and players can use metal/composite bats or wood bats.

Event Schedule:

Partnership:

Perfect Game is increasing its presence in The Palm Beaches. The Sports Commission has won bids to host new Perfect Game events for four (4) straight years. Palm Beach County’s summer of Perfect Game events continues to get richer with the 13U & 14U National Showcases. This coming summer of 2023, the Sports Commission will host a total of ten (10) Perfect Game tournaments.

Our Sports Commission is working on additional relocation opportunities for Perfect Game WWBA events during the fall of 2023 and beyond. This effort is creating multiple events of baseball showcases, which generate a significant hotel impact during the greatest need time the county’s hospitality industry.

Marketing & Media:

Perfect Game’s reputation as a baseball scouting service is unsurpassed. Perfect Game events will receive significant media exposure in baseball publications, especially the renowned “Baseball America” and “Baseball Weekly”.

Perfect Game developed its own television platform, known as Perfect Game TV.

About Perfect Game:

Perfect Game USA is the largest amateur baseball scouting service, hosting hundreds of showcases and tournaments each year. Perfect Game events attract the most talented amateur baseball players in the

United States and beyond. Perfect Game is a vital organization to American baseball. A total of 13,892 of Perfect Game’s alumni have been selected in the Major League Baseball (MLB) Draft.

Perfect Game continues to grow as an organization. Perfect Game is the premier provider of amateur baseball events, hosting the highest quality of travel team tournaments and individual showcases throughout the country. Expanding from approximately 2,000 teams in 2013 to more than 12,000 teams participating in tournaments and showcases today. Perfect Game is regarded as one of the largest and most successful amateur sports organizations.

Event Fact Sheet

Event Name: Perfect Game WWBA Championship Week (Perfect Game WWBA World Championship & Freshman World Championship)

Event Owner: Perfect Game USA, Inc.

Grant Recommendation: $82,000 (FY 24)

FSF Funding: $18,000

Dates: October 5‐9, 2023

Sport: Baseball

Level of Competition: Amateur

Age Range: 14 ‐ 18

Proposed Venues: The Ballpark of the Palm Beaches (13 total diamonds) Roger Dean Chevrolet Stadium (13 total diamonds) Santaluces Athletic Complex (4 total diamonds)

Estimated Participation & Projecting 192 total teams (167 traveling & 25 South Florida)

Room Nights: 167 traveling teams * 18 players per team = 3,006 total youth athletes

167 traveling teams * 2 coaches per team = 334 total coaches 167 traveling teams * 27 spectators per team = 4,509 total adult spectators

total traveling participants / 4 people per room = 1,962 rooms

rooms * 5 nights = 9,810 room nights

Estimated Economic Impact: 3,006 youth athletes * $120.36 avg. daily spending * 5 days = $1,809,011 334 coaches * $240.71 avg. daily spending * 5 days = $401,986 4,509 adult spectators * $240.71 avg daily spending * 5 days = $5,426,807 Total Visitor Spending = $7,637,804

Just Bring Your Game

Event Description:

The Palm Beach County Sports Commission won the bid to host the Perfect Game World Wood Bat Association (WWBA) World Championship and the Perfect Game WWBA Freshman World Championship, once again for this fall. These events enjoyed a rich history in Palm Beach County. After being relocated to Lee County in 2020, due to Covid‐19, the Perfect Game WWBA World Championship and Freshman World Championship returned to The Palm Beaches in 2021 with record setting levels of participation and tourism impacts. In 2022, the Perfect Game WWBA World Championship and Freshman World Championship grew its tourism production by 57% (increasing from 7,252 room nights in FY 21 to 11,389 room nights in FY 23). Perfect Game is the predominant scouting service and event rights holder in amateur baseball and the Perfect Game WWBA World Championship and Freshman World Championship are two of the most competitive baseball tournaments under Perfect Game’s umbrella. The combination of the Perfect Game WWBA World Championship and Freshman World Championship in Palm Beach County have been coined “The Perfect Game WWBA Championship Week” in The Palm Beaches.

The Palm Beach County Sports Commission is partnering with The Ballpark of the Palm Beaches, Roger Dean Chevrolet Stadium and Palm Beach County Parks and Recreation to host the Perfect Game Championship Week from October 5‐9, 2023. Perfect Game will utilize up to 26 diamonds at The Ballpark of the Palm Beaches in West Palm Beach, Roger Dean Chevrolet Stadium in Jupiter, and 4 diamonds at the Santaluces Athletic Complex in Lantana.

The Perfect Game WWBA World Championship is the premier showcase and scouting event on the globe. The Perfect Game WWBA World Championships, which is simply known as “Jupiter” amongst the amateur baseball community, has taken place in Palm Beach County a total of 20 times in the past 22 years (the event was relocated in 2005 due to Hurricane Wilma and 2020 due to Covid‐19). The Perfect Game WWBA World Championship is a wood‐bat only tournament for the 18U age group and attracts mostly players that will be selected in the Major League Baseball (MLB) draft or play NCAA Division I college baseball. The format consists of pool play and each team is guaranteed a minimum of four games. Only one team will claim a championship and will be fitted for championship rings. This event is Perfect Game’s foremost national team showcase. The top travel baseball organizations from across the United States,

Just Bring Your Game

Palm Beach County Sports Commission

www.PalmBeachSports.com

Canada, and the Caribbean will compete at this elite, invitation‐only event. The 2022 Perfect Game WWBA World Championship will consist of 104 teams in 2023.

The Perfect Game WWBA Freshman World Championship relocated to Palm Beach County in 2017 after a five (5) year stretch at the Lake Point Community in Atlanta, Georgia. This event is the premier showcase created solely for high school freshman. The leading travel teams for this age group are invited to attend. This is also a wood bat tournament with a pool play format. Each team is guaranteed 4 games and only one team will be crowned victor. In 2022, a total of 88 teams were fielded in the Perfect Game WWBA Freshman World Championship. Team participation has grown by 56% since the event debuted in Palm Beach County.

Tourism Impacts:

The Perfect Game WWBA Championship Week will create a massive economic and tourism impact for Palm Beach County. The Perfect Game WWBA World Championship and Freshman World Championship will bring 192 baseball teams to The Palm Beaches, consisting of 3,000+ visiting athletes, 334 coaches, and over 4,500 traveling spectators. These events are conservatively projecting 9,810 hotel room nights and $7.6 million of direct visitor spending

Scouts:

Ultimately, the Perfect Game WWBA World Championship and Freshman World Championship provide a showcase for prospects while they perform in front of professional scouts and college recruiters. Over 1,000 scouts will travel across the nation to take advantage of the talented collection of youth baseball players performing on 30 diamonds at only three (3) venues.

Each of the 30 Major League Baseball (MLB) teams will send multiple scouts. Other professional scouts and college recruiters will also be on‐site to take advantage of this unique collection of the best amateur baseball players in the nation. The MLB scouts rent over 700 golf carts, which allow them to move freely and view the games taking place at the multiple diamonds within the spring training facilities.

The impact from scouts is not included in the room projections mentioned above. Scouts do not book rooms within the hotel block and their overnight stays are very difficult to track; however, they are realized. Scouts are responsible for approximately 500 rooms with an average of 2‐3 overnight stays.

Event Schedule:

Thursday, October 5th: Team Registration and Pool Play from 2pm to 10pm

Friday, October 6th: Pool Play takes place from 8am to 10pm

Saturday, October 7th: Pool Play takes place from 8am to 10pm

Sunday, October 8th: Elimination rounds / consolation games takes place from 8am to 8pm

Monday, October 9th: Championship Game / consolation games occur

Event History:

The Perfect Game WWBA World Championship has taken place in Palm Beach County since its inception in 2001. However, the event was relocated in 2005 due to Hurricane Wilma and 2020 due to the Covid‐19 pandemic. The Perfect Game WWBA Freshman World Championship relocated to Palm Beach County in 2017. Over the last 2 years, these events generated 12,247 hotel room nights (on average). This room night number included only trackable room nights and did not include room nights created by scouts.

In 2022, these events experienced record setting team and athlete participation, which led to a new milestone in overnight accommodations. Last year (2022), the Perfect Game WWBA World Championship was responsible for 9,065 room nights and the Perfect Game WWBA Freshman World Series created 4,700 room nights. Together, these events generated 13,765 total room nights, which equates to $2,499,724 in hotel revenue and $149,983 in bed tax revenues. These events also created a projected $9.6 million in visitor spending.

Marketing & Media:

Perfect Game’s reputation as a baseball scouting service is unsurpassed. The Perfect Game WWBA World Championship and Freshman World Championship will receive significant media exposure in baseball publications, especially the renowned “Baseball America” and “Baseball Weekly”. In 2020, the Perfect Game TV was launched and is broadcasted nationally and globally. The Perfect Game WWBA events will be featured on the Perfect Game TV, which is now distributed on Direct TV, Roku, Apple TV, Amazon and more.

Scouting Service Facts:

Perfect Game has more talented players in attendance than any other organization. The proof is in the results. A total of 13,901 Perfect Game players have been drafted by Major League Baseball (MB) teams. Today, 1,875 alumni of Perfect Game are playing for MLB teams. Perfect Game simply provides talented players with a means to be identified and evaluated closely while competing with and against the best worldwide. Perfect Game identifies players, provides an opinion, and then lets Major League scouts and college coaches form their own.

2195

Palm Beach County Sports Commission

www.PalmBeachSports.com

About Perfect Game:

Founded in 1995, Perfect Game USA has become the world’s largest scouting service and youth baseball platform. Perfect Game organizes 9,819 events annually, which consists of 141,588 baseball games. Perfect Game oversees 69,907 teams from 40 different states participating within its event ecosystem.

Perfect Game is the premier provider of amateur baseball events, hosting the highest quality of travel team tournaments and individual showcases throughout the country. Recognized as the leader in holding high level events, Perfect Game hosts showcases throughout the country for high school players. All participants receive scouting reports and videos on their PG Player profiles, providing maximum exposure to college coaches and MLB Scouts.

Perfect Game attracts the most talented amateur players in the nation and the proof is in the results. A total of 13,901 of Perfect Game’s alumni have been selected in the Major League Baseball (MLB) Draft since 2003. The number of MLB draft picks for Perfect Game leads all other baseball organizations.

Event Fact Sheet

Event Name: Perfect Game Wood World Bat Association (WWBA) 13U & 14U World Championship

Event Owner: Perfect Game USA, Inc.

Grant Recommendation: $20,000 (FY 24)

FSF Funding: TBD

Dates: October 13‐16, 2023

Sport: Baseball

Level of Competition: Amateur

Age Range: 13‐14

Proposed Venues: Ballpark of the Palm Beaches (13 total diamonds) Roger Dean Chevrolet Stadium (13 total diamonds)

Estimated Participation & Projecting 68 total teams (54 traveling & 14 South Florida)

Room Nights: 54 traveling teams * 18 players per team = 972 total youth athletes

54 traveling teams * 2 coaches per team = 108 total coaches

54 traveling teams * 27 spectators per team = 1,458 total spectators

2,538 total traveling participants / 4 people per room = 635 rooms

rooms * 3.5 nights = 2,222 room nights

Estimated Economic Impact: 972 youth athletes * $120.36 avg. daily spending * 3.5 days = $409,465

Event Description:

The Palm Beach County Sports Commission won the bid to host the Perfect Game World Wood Bat Association (WWBA) World Championship 13U World Championship and 14U World Championship this fall. The Perfect Game WWBA 14U World Championship will take place for the third consecutive year in The Palm Beaches while the 13U World Championship will make its second appearance in Palm Beach County. Perfect Game is the predominant scouting service and event rights holder in amateur baseball and the Perfect Game WWBA 14U World Championship and 13U Championship are recognized as the most prestigious baseball tournaments in those respective age groups.

The Palm Beach County Sports Commission is partnering with The Ballpark of the Palm Beaches and Roger Dean Chevrolet Stadium to simultaneously host the Perfect Game WWBA 14U World Championship and 13U World Championship on October 13‐16. Perfect Game will utilize up to 26 diamonds at The Ballpark of the Palm Beaches in West Palm Beach and Roger Dean Chevrolet Stadium in Jupiter. These events will take place just a few days after the Perfect Game WWBA World Championship and Freshman World Championship finish at Palm Beach County’s spring training baseball facilities.

The Perfect Game WWBA 14U World Championship will take place for the third straight year in Palm Beach County, after relocating from Panama City. The Perfect Game WWBA 14U World Championship is a wood‐bat only tournament, which attracts the top high school baseball players in the nation that are scheduled to graduate in 2028. The format consists of pool play and each team is guaranteed a minimum of four (4) games. Only one team will be crowned a world champion. The event has fielded 262 players that received scholarships to play college baseball over its history. Baseball organizations from across the United States, Canada, and the Caribbean will compete. The 2023 Perfect Game 14U World Championship is capped at 48 teams.

The Perfect Game WWBA 13U World Championship will take place in Palm Beach County for the second time, after relocating from Panama City. The Perfect Game 13U World Championship was launched in 2021. Perfect Game intends to develop an array of events for this age group as it’s growing rapidly from a competitive standpoint. The Perfect Game WWBA World Championship is being positioned as the premier event for the 13U age group and only the top travel teams for this age division are invited. This is also a wood bat tournament with a pool play format. Each team is guaranteed four (4) games and only one team will be crowned champion. In 2023, a total of 20 teams will participate in the Perfect Game WWBA 13U World Championship.

Tourism Impacts:

The Perfect Game WWBA 14U and 13U World Championships will create a strong economic and tourism impact for Palm Beach County. In total, these events bring 68 baseball teams to The Palm Beaches, consisting of 972 visiting athletes, 108 coaches, and over 1,400 traveling spectators. These events are expected to generate 2,222 hotel room nights and $1.7 million in direct visitor spending.

Last year, these events generated 2,376 total room nights, which generated $431,482 in hotel revenue. These events also created a projected $1.6 million in visitor spending.

Scouts:

The Perfect Game WWBA 14U World Championship will attract over 300 collegiate and professional baseball scouts. Professional scouts and college recruiters will take advantage of this unique gathering o f the best amateur baseball players in the nation for the 14U age group. The MLB scouts will utilize golf carts to view as many as 12 games taking place simultaneously at each of Palm Beach County’s spring training facilities.

The impact from scouts were not included in the room projections mentioned above. Scouts do not book rooms within the hotel block and their overnight stays are very difficult to track. Scouts are responsible for approximately 72 rooms with an average of 2‐3 overnight stays during these events.

Event Schedule:

Thursday, October 13th: Team Registration and Pool Play for 14U / 13U ages, from 2pm to 10pm

Friday, October 14th: Pool Play takes place from 8am to 10 pm

Saturday, October 15th: Pool Play takes place from 8am to 10 pm

Sunday, October 16th: Elimination rounds /Championship Game / consolation games occur

Event History:

The Perfect Game WWBA 14U World Championship took place in Panama City in October from 2019‐21. The event relocated to Palm Beach County in October of 2022. The Perfect Game WWBA 13U World Championship was created in 2021. This event relocated to Palm Beach County to coincide with the Perfect Game WWBA 14U World Championship. Last year, both events created 2,376 hotel room nights.

Marketing & Media:

Perfect Game’s reputation as a baseball scouting service is unsurpassed. The Perfect Game WWBA World Championship and Freshman World Championship will receive significant media exposure in baseball publications, especially the renowned “Baseball America” and “Baseball Weekly”. The Perfect Game WWBA 14U & 13U World Championships will also receive media exposure in “Baseball America” and “Baseball Weekly. In 2020, the Perfect Game TV was launched and is broadcasted nationally and globally. The Perfect Game WWBA events will be featured on Perfect Game TV.

Scouting Service Facts:

Perfect Game has more talented players in attendance than any other organization. The proof is in the results. A total of 13,901 Perfect Game players have been drafted by Major League Baseball (MB) teams. Today, 1,875 alumni of Perfect Game are playing for MLB teams. Perfect Game simply provides talented players with a means to be identified and evaluated closely while competing with and against the best worldwide. Perfect Game identifies players, provides an opinion, and then lets Major League scouts and college coaches form their own.

About Perfect Game:

About Perfect Game:

Founded in 1995, Perfect Game USA has become the world’s largest scouting service and youth baseball platform. Perfect Game organizes 9,819 events annually, which consists of 141,588 baseball games. Perfect Game oversees 69,907 teams from 40 different states participating within its event ecosystem.

Perfect Game is the premier provider of amateur baseball events, hosting the highest quality of travel team tournaments and individual showcases throughout the country. Recognized as the leader in holding high level events, Perfect Game hosts showcases throughout the country for high school players. All participants receive scouting reports and videos on their PG Player profiles, providing maximum exposure to college coaches and MLB Scouts.

Perfect Game attracts the most talented amateur players in the nation and the proof is in the results. A total of 13,901 of Perfect Game’s alumni have been selected in the Major League Baseball (MLB) Draft since 2003. The number of MLB draft picks for Perfect Game leads all other baseball organizations.

Event Fact Sheet

Event Name: Perfect Game Wood World Bat Association (WWBA)

15U – 18U Invitational

Event Owner: Perfect Game USA, Inc.

Grant Recommendation: $5,000

Dates: September 30 – October 3, 2023

Sport: Baseball

Level of Competition: Amateur

Age Range: 15 ‐ 18

Proposed Venues: Roger Dean Chevrolet Stadium (13 total diamonds)

Estimated Participation & Projecting 30 total teams (20 traveling & 10 South Florida)

Room Nights: 20 traveling teams * 18 players per team = 360 total youth athletes

20 traveling teams * 2 coaches per team = 40 total coaches

20 traveling teams * 27 spectators per team = 540 total spectators

940 total traveling participants / 4 people per room = 235 rooms

235 rooms * 2 nights = 470 room nights

Estimated Economic Impact: 360 youth athletes * $120.36 avg. daily spending * 2 days = $86,659

40 coaches * $240.71 avg. daily spending * 2 days = $19,257 540 adult spectators *

Total Visitor Spending = $365,883

Event Description:

The Palm Beach County Sports Commission won the bid to host the Perfect Game World Wood Bat Association (WWBA) 15U – 18U Invitational from. The Perfect Game WWBA 15U – 18U Invitational will take place for the second consecutive year in The Palm Beaches. Perfect Game is the predominant scouting service and event rights holder in amateur baseball.

The Palm Beach County Sports Commission is partnering with Roger Dean Chevrolet Stadium in Jupiter to host the Perfect Game WWBA 15U – 18U Invitational from September 30 – October 2, 2023. Perfect Game will utilize up to 13 diamonds at Roger Dean Chevrolet Stadium. This event will take place just prior to the Perfect Game WWBA World Championship and Freshman World Championship and the Perfect Game WWBA 13U & 14U World Championships, which are taking place at both Palm Beach County’s spring training baseball facilities.

The Perfect Game WWBA 15U – 18U Invitational is a wood bat only event. Each team is guaranteed to play three (3) games.

Tourism Impacts:

The Perfect Game WWBA 15U‐18U Invitationals will bring 30 travel baseball teams, representing four (4) age groups, to The Palm Beaches. The 30 teams consist of 360 visiting athletes, 40 coaches, and a projected 560 traveling spectators. These events are expected to generate at least 470 hotel room nights and $329,000 in direct visitor spending. Last year, this event generated 238 room nights; however, the event contained ½ of the traveling teams expected to compete in the 2023 event.

Just Bring Your Game

2

Event Schedule:

Saturday, September 30th: Team Registration and Pool Play from 2pm to 10pm

Sunday, October 1st: Pool Play takes place from 8am to 8 pm

Monday, October 2nd: Championship games takes place from 8am to 2 pm

Event History:

The Perfect Game WWBA 15U‐18U Invitationals are a newly created event that debuted at Roger Dean Chevrolet Stadium in 2022. The event has potential as it takes place right before Perfect Game’s most prestigious event, known as the WWBA World Championship.

Marketing & Media:

Perfect Game’s reputation as a baseball scouting service is unsurpassed. The Perfect Game WWBA World Championship and Freshman World Championship will receive significant media exposure in baseball publications, especially the renowned “Baseball America” and “Baseball Weekly”.

Scouting Service Facts:

Perfect Game has more talented players in attendance than any other organization. The proof is in the results. A total of 13,901 Perfect Game players have been drafted by Major League Baseball (MB) teams. Today, 1,875 alumni of Perfect Game are playing for MLB teams. Perfect Game simply provides talented players with a means to be identified and evaluated closely while competing with and against the best worldwide. Perfect Game identifies players, provides an opinion, and then lets Major League scouts and college coaches form their own.

About Perfect Game:

About Perfect Game:

Founded in 1995, Perfect Game USA has become the world’s largest scouting service and youth baseball platform. Perfect Game organizes 9,819 events annually, which consists of 141,588 baseball games. Perfect Game oversees 69,907 teams from 40 different states participating within its event ecosystem.

Perfect Game is the premier provider of amateur baseball events, hosting the highest quality of travel team tournaments and individual showcases throughout the country. Recognized as the leader in holding high level events, Perfect Game hosts showcases throughout the country for high school players. All participants receive scouting reports and videos on their PG Player profiles, providing maximum exposure to college coaches and MLB Scouts.

Perfect Game attracts the most talented amateur players in the nation and the proof is in the results. A total of 13,901 of Perfect Game’s alumni have been selected in the Major League Baseball (MLB) Draft since 2003. The number of MLB draft picks for Perfect Game leads all other baseball organizations.

CATEGORY G GRANT APPLICATION REQUEST SUMMARY

EVENT DESCRIPTION Columbus Day Discovery Showdown

The 7th Annual Columbus Day Discovery Showdown, conducted by the Orlando Youth Hockey Association is a boys and girls youth ice hockey tournament for players aged 7 to 18. The event will be held October 5‐8, 2023 at Palm Beach Skate Zone in Lake Worth and Palm Beach Ice Works in West Palm Beach. The two facilities combine to allow 3 sheets of ice for competition.

The event will feature more than 70 teams, with over 1,200 athletes. Teams compete in one of 5 age brackets, with 2 divisions per age group based on skill. This event is sanctioned by USA Hockey.

GRANTEE Orlando Youth Hockey Association, Inc.

CONTACT Jeff Ning / (561) 855‐1173

BID/GRANT Grant

GRANT FUNDS REQUESTED $10,000

GRANT FUNDS RECOMMENDED

APPLICABLE CATEGORIES

$8,000 (FY 23 Category G)

Sanction Fees, Site Fees, Officials, Awards (non‐monetary), Equipment, Rentals, Insurance, Security, Labor, Marketing (out of County), Event Production Materials

MEDIA COVERAGE PLANNED

MARKETING PLAN

EVENT OWNER ESTIMATES

SPONSORSHIP BENEFITS

PRIOR EVENT HISTORY

The event is marketed on the event website, as well as the USA Hockey website as a sanctioned tournament.

Estimated Economic Impact – $570,493

Estimated Room Nights – 800

Logo and link on the website Banner displayed on‐site

’22 – 645 Room Nights

’21 – 581 Room Nights

’20 – 866 Room Nights (Covid restrictions)

’19 – 1,222 Room Nights

’18 – 831 Room Nights

’17 – 716 Room Nights

PREVIOUSLY

EVENT DESCRIPTION

CATEGORY G GRANT APPLICATION REQUEST SUMMARY

USTA Columbus Day Open hosted by the City of Delray Beach

The Columbus Day Open hosted by the City of Delray Beach, held October 7‐9, 2023, is one of the largest of the USTA National Selection events in the United States. With over 250 participants competing in the Boys and Girls 12s, 14s, 16s and 18 and under divisions, this event will showcase the future of American tennis. The event will be held at the Delray Beach Tennis Center, Delray Swim & Tennis Club, the Boca Raton Swim & Racquet Club, Broken Sound Country Club, Boca West Country Club, and Hunters Run Country Club. Each singles draw will consist of 32 players, competing a minimum of two times (consolation format). Each doubles draw will consist of 16 teams (single elimination).

The completely restructured USTA National Junior Tournament Schedule created the USTA National Selection Tournament, held four times each year (February, May, October, November) in four locations for each division. Of the October National Selection events, the Columbus Day Open is by far the largest, with eight age/gender divisions compared to no more than three anywhere else in the country.

GRANTEE

CONTACT

Player’s International Management, Inc.

Ivan Baron / (561) 330‐6003

BID/GRANT Grant

GRANT FUNDS REQUESTED $11,500 GRANT FUNDS RECOMMENDED

$7,500 (FY 23)

$10 per room night (max of $7,500)

APPLICABLE CATEGORIES

Sanction Fees, Site Fees, Officials, Awards (non‐monetary), Equipment, Rentals, Insurance, Security, Labor, Marketing (out of County), Event Production Materials

MEDIA COVERAGE PLANNED Regional

MARKETING PLAN

EVENT OWNER ESTIMATES

SPONSORSHIP BENEFITS

Direct mailings to USTA list, Radio and television spots, Flyer distribution

Estimated Economic Impact – $518,252

Estimated Room Nights – 500

Opportunity to provide 1 banner on stadium court

Opportunity to provide 1 banner on an outside court

Recognition on all print and collateral materials

Recognition on the sponsor board

Opportunity to provide promotional materials in player’s packet Logo and link on the tournament’s website

EVENT DESCRIPTION

CATEGORY G GRANT APPLICATION REQUEST SUMMARY

World Comes to the Palm Beaches

The World Comes to the Palm Beaches is an international baseball festival that features more than 30 teams, representing more than 15 countries all over the world. The tournament is comprised of 10u, 12u, 15u, 18u and Open Divisions, with a maximum of only 1 team per country per division. Within each division, separate brackets are made to group teams of similar skill and ability levels to even competition. The event is held from October 25‐29, 2023 with many teams coming early/staying late to experience The Palm Beaches.

In addition to the competition, countries are “hosted” by local baseball organizations to facilitate practices, clinics, and other local activities. The event also features showcases, clinics with former MLB players, and an Opening Ceremony with a Parade of Nations.

Games will take place at Ballpark of the Palm Beaches and the Santaluces Athletic Complex.

GRANTEE

CONTACT

BID/GRANT

APPLICABLE CATEGORIES

MEDIA COVERAGE PLANNED

MARKETING PLAN

EVENT OWNER ESTIMATES

Caribbean Baseball Organization, Inc.

Mario Signorello / (786) 318‐8403

Sanction Fees, Site Fees, Officials, Awards (non‐monetary), Equipment, Rentals, Insurance, Security, Labor, Marketing (out of County), Event Production Materials

Games televised internationally on Eleven Sports, which features 17 million subscribers

The event is marketed directly to international baseball organizations and academies

Estimated Economic Impact – $1,121,755

Estimated Room Nights – 1,650

SPONSORSHIP BENEFITS TV broadcast mentions/commercials

Tickets to Opening Ceremony

Logo on the event website, printed collateral

display 3’x 8’

Event Name:

Event Owner:

Funding Request:

Recommendation:

Proposed Dates:

Sport:

Level of Competition:

Age Range:

Proposed Venue:

Attendees:

Event Proposal

TimberTech Championship – PGA TOUR Champions

Boca Raton Champions Golf Charities, Inc / PRO LINKS SPORTS

$50,000

$50,000 October 30 – November 5, 2023

Golf Professional 50+ age – Pro Golfers

Old Course at Broken Sound

54 PGA Champion TOUR golfers

850 participants (Vendors, sponsors, caddies, & TV production crew 60,000+ spectators

Estimated # of Room Nights: 2,389 (actual room nights tracked from FY

22) Grant Estimate – 2,500

Estimated Economic Impact: $10,665,415 (based on projections from Pre Covid‐19 era)

Marketing / Media Impact: Live Television on the Golf Channel for 3 days – average of 3 million viewers

Event Description:

Palm Beach County is home to the only PGA TOUR Champions event that takes place in southeast Florida, which is now named the TimberTech Championship (formerly known as the Allianz Championship and Oasis Championship). This PGA TOUR Champions event, which is scheduled for October 30 ‐ November 5, 2023, takes place at the Royal Palm Yacht & Country Club in Boca Raton (previously The Old Course at Broken Sound). The TimberTech Championship, which has a 16‐year history in Palm Beach County, will retain its slot as the second event in the Charles Schwab Cup Playoffs. The TimberTech Championship represents one of three events in the Charles Schwab Cup Playoffs, 1

Just Bring Your Game

Palm Beach County Sports Commission

2195 Southern Blvd., West Palm Beach, FL 33406 – (561) 233-3180 Fax: (561) 233-3125

www.PalmBeachSports.com

where 72 players qualify for the three‐tournament series to determine the season‐long champion. This PGA TOUR Champions tournament has been contested in Boca Raton since 2007, and 2021 was the first with TimberTech as title sponsor.

The TimberTech Championship is one of the premier events on the PGA TOUR Champions’ schedule, which presents the top senior golfers on the globe. The field consists of 54 professional golfers, competing in 54‐hole stroke play for a total purse of $2 million. Managed by Pro Links Sports, the annual tournament yearly has attracted 31 of the top 34 professionals on the money list.

The Golf Channel provides live television coverage of this 3‐day tournament. Over 1.5 million viewers tuned in for this event, which provided 19 hours of coverage in 2022. This broadcast was internationally distributed to 84 countries, reaching 340 million potential households.

Over the last thirteen years, more than $2.4 million dollars has been donated to local charities from the Boca Raton Championship. The Boca Raton Champions Golf Charities (BRCGC) serves as the operational and financial oversight group for the event as well as for the distribution of all charitable funds, as all net tournament proceeds benefit Boca Raton Regional Hospital.

Such ancillary events typically include a Women’s Day event, which showcases women’s golf fashion, provides exercises to play better golf and a Clinic & Pro‐Am with LGPA legend and eight‐time “Player of the Year” Annika Sorenstam; two days of Pro‐Am play pairing participants with PGA pros; and a variety of other entertainment. The festivities surrounding the golf tournament will return in 2023.

Over its 16‐year history in Palm Beach County, this PGA TOUR Champions event has become one of the most desirable stops for the players of the PGA TOUR Champions. During the last event in 2022, this tournament welcomed the likes of Kirk Triplett, Bernhard Langer, and Miguel Jimenez.

Attendance: This PGA TOUR Champions event typically draws an attendance that ranges between 60,000 to 70,000 spectators over its duration.

PGA TOUR Champion’s History in Palm Beach County: Palm Beach County has been home to the PGA TOUR Champions for the past 16 years. In 2020, the event was renamed the TimberTech Championship. In 2019, the event was called the Oasis Championship and for its first 12 years in The Palm Beaches, it was the Allianz Championship. The Allianz Championship was originally held in Des Moines, Iowa for six (6) years, prior to its relocation to The Palm Beaches in 2007.

Just Bring Your Game

Palm Beach County Sports Commission

2195 Southern Blvd., West Palm Beach, FL 33406 – (561) 233-3180 Fax: (561) 233-3125

www.PalmBeachSports.com

About PGA TOUR Champions:

PGA TOUR Champions is a membership organization of golfers aged 50 and older, with the most recognizable and accomplished players in the game ‐ including 33 members of the World Golf Hall of Fame. The season‐long Charles Schwab Cup gives way to the Charles Schwab Cup Playoffs – a three‐tournament, season‐ending series to determine the Tour’s top player.

The PGA TOUR Champions origin dates to the Senior PGA Championship, which was founded in 1937 and invited only high‐profile golfers over 50. The tour was formally established in 1980 and was originally known as the Senior PGA Tour until October 2002. The tour was then renamed the Champions Tour through the 2015 season, after which the current name of "PGA TOUR Champions" was adopted. Today, the PGA TOUR Champions consist of 27 events with a schedule that begins in January and concludes in November.

Television Coverage (The Golf Channel):

Serving the most‐affluent audience in all of television, Golf Channel, part of NBC Sports Group, is the home of PGA TOUR Champions coverage and is available in 75 million+ homes domestically and more than 200 million homes in 170 countries and 11 languages around the world. A majority of the PGA TOUR Champion events receive complete coverage on The Golf Channel, which is the exclusive cable‐television partner of PGA TOUR Champions. Internationally, these telecasts will reach more than 340 million potential households while being distributed in 15+ markets via GOLFTV. In 2022, a total of 1.5 million viewers tuned in to watch the TimberTech Championship, which provided 19 hours of coverage.

International Reach:

Palm Beach County’s reach and awareness from hosting the PGA TOUR Champions is far beyond the United States. The PGA TOUR brand is recognized throughout the world and provides a true global marketing platform for Palm Beach County. Coverage of the PGA TOUR Champions event in Palm Beach County (Boca Raton Championships) is distributed in 170 countries across more than 200 million potential households.

Pro Links Sports - Event Management & Operations of the BRRH Championship: Boca Raton Champions Golf Charities, Inc. was formed to produce a PGA TOUR Champions event in Boca Raton and The Palm Beaches. This charitable organization contracts with Pro Links Sports to manage and oversee the production of the Boca Raton Championship (formerly the Oasis Championship and Allianz Championship).

Palm Beach County Sports Commission

2195 Southern Blvd., West Palm Beach, FL 33406 – (561) 233-3180 Fax: (561) 233-3125

www.PalmBeachSports.com

Since 1993, Pro Links Sports has worked with companies throughout the world to implement customized, full‐service golf programs to fit their particular needs and objectives. Pro Links Sports is a sports marketing firm that specializes in event management, sponsorship activation, corporate hospitality, and/or corporate consulting. Pro Link Sports forms strategic partnerships with clients to maximum exposure on a local, regional, and global basis.

In addition to producing a variety of corporate hospitality golf events, Pro Links Sports specializes in professional golf events. In addition to managing the Boca Raton Championship in Palm Beach County, Pro Links Sports also organizes the 3M Championship in Blaine, Minnesota, and the Valspar Golf Championship Tampa, both of which belong to the PGA TOUR.

2023 Tentative Event Schedule:

Tournament play will tee off at 9:40am during the opening round (November 3) and the second round (November 4). The final round (November 5) begins at 7:15am.

Monday, October 30

9:30am – Women’s Day Registration & Brunch

11:00am – Private Clinic Hosted by PGA TOUR Professional

1:00pm – Women’s Pro‐Am Shotgun

6:00pm – Women’s Day Cocktail Reception & Awards Ceremony

Tuesday, October 31

8:00am Practice Rounds

6:30pm VIP Draw Party presented by Celebrity Cruises

Wednesday, November 1

7:15am Championship Pro‐Am Shotgun Start

12:45pm Championship Pro‐Am Shotgun Start

Thursday, November 2

7:15am Championship Pro‐Am Shotgun Start

12:45pm Championship Pro‐Am Shotgun Start

Friday, November 3

9:40am* First Round of Championship Play ‐ Televised on The Golf Channel from 11 a.m.‐2 p.m.

Saturday, November 4

9:40am* Second Round of Championship Play ‐ Televised on The Golf Channel from 5‐7 p.m.

Sunday, November 5

7:15am* Final Round of Championship Play ‐ Televised on The Golf Channel 3‐5 p.m.

Event Fact Sheet

Event Name: Men’s Senior Baseball League (MSBL) Fall Classic

Event Owner:

Grantee:

Dates:

Funding:

Men’s Senior Baseball League, LLC

Men’s Senior Baseball League, LLC

November 4‐18, 2023

$68,000– Category G Grant

$TBD Florida Sports Foundation Funds

Sport: Baseball

Level of Competition: Adult

Age Range: 18+, 28+, 35+, 45+, 50+, 55+, 60+, 65+

Venue: Ballpark of the Palm Beaches / Roger Dean Chevrolet Stadium

Estimated # of Attendees: 125 total teams (estimating 108 teams traveling from outside S FL) 108 traveling teams * 20 adult athletes = 2,160 traveling adult athletes

Estimated # of Room Nights: 6,480 room nights projected 2,160 adult athletes / 2 per room = 1,080 rooms 1,080 rooms * 6 nights = 6,480 room nights

Estimated Economic Impact: $3,119,602

2,160 participants * $240.71 average daily spending *6 days = $3,119,602

(Average daily spend calculation is provided by the Florida Sports Foundation)

*The room night and economic impact projections is only for athletes and does not include other attendees, which brings another 1,400 room nights and $2 million in economic impact

County Sports

www.PalmBeachSports.com

Event Description:

The Men’s Senior Baseball League (MSBL) is the premier amateur baseball organization for adults (18 years of age to 60+). The MSBL Fall Classic is one of the largest amateur baseball tournaments for adults that takes place annually in the United States. The Palm Beach County Sports Commission is bidding for the rights to host the MSBL Fall Classic at Ballpark of the Palm Beaches and Roger Dean Chevrolet Stadium for the 6th consecutive year. The upcoming MSBL Fall Classic will take place from November 4‐18, 2023.

The Ballpark of the Palm Beaches, located in West Palm Beach, and Roger Dean Chevrolet Stadium, located in Jupiter, will come together to offer two marquee baseball stadiums and 26 total diamonds to host the MSBL Fall Classic and accommodate 125 teams, consisting of 2,000+ athletes (108 teams and 2,160 athletes are projected to visit from outside of south Florida). Teams have traveled from across the United States, Canada, Puerto Rico, Venezuela, Dominican Republic, Colombia, and Peru. The tournament will feature eight (8) age groups (18+, 28+, 35+, 45+, 50+, 55+, 60+, 65+). Over 450 baseball games will be played during the 14‐day tournament. Teams compete in a pool play format, which is followed by play‐offs. Teams are guaranteed to play a minimum of five (5) games.

The MSBL Fall Classic will create a tremendous economic and tourism impact for The Palm Beaches. The event is expected to generate $5 million in direct visitor spending and between 6,400 and 8,000 hotel room nights.

Event Schedule/Plan:

The event will host over 450 games. Between 30 to 35 games will take place each day. Games will take place from November 5‐19. The event will feature a group of teams for a seven day stretch from November 5‐11. Another group of teams will compete from November 13‐19.

Marketing Plan:

The MSBL Fall Classic, as well as all other MSBL national tournaments, are marketed directly to the MSBL membership through the MSBL Magazine, MSBL newsletter, and digital marketing campaigns. Significantly, all participating teams are member teams of the MSBL, except for international teams.

Event History:

The Men’s Senior Baseball League (MSBL) Fall Classic returned to The Palm Beaches in 2018, after being held on the west coast of Florida (utilizing the MLB spring training homes of the Philadelphia Phillies, Pittsburgh Pirates, Toronto Blue Jays, and Tampa Bay Rays). The development of Ballpark of the Palm Beaches in 2017 was the catalyst to bring MSBL back to The Palm Beaches.

Room Night Production in Palm Beach County:

2018 – 3,888 room nights

2019 – 5,487 room nights

2020 – 2,993 room nights (participation limited due to Covid‐19)

2021 – 8,023 room nights

2022 – 9,506 room nights

About Men’s Senior Baseball League:

The Men’s Senior Baseball League (MSBL)/Men’s Adult Baseball League (MABL) is the premier amateur baseball league for adults 18 years of age and older. Founded in 1988, it is the fastest‐growing adult baseball organization in the country. The league has 325 local affiliates, 3,200 teams and 45,000 members who play organized amateur baseball in local leagues, 30 regional tournaments and six national tournaments. Both the MSBL and the MABL plan to expand by establishing local affiliates in communities where programs do not exist, and by welcoming existing amateur hardball leagues to affiliate. MSBL is poised to reach 50,000 members in the extremely near future.

Budget:

The Men’s Senior Baseball League will sustain over a $482,000 budget to host the Fall Classic. Support from the Palm Beach County Sports Commission’s grant program is used to offset site fees.

Hospitality: $22,000

Site Fees: $180,000

Officials: $78,000

Awards: $69,000

Equipment: $45,000

Labor: $40,000

Marketing:

Benefits:

$48,000

 The event generates room nights and economic impact during the county’s shoulder season.

 Hosting this Championship enhances Palm Beach County’s profile as a baseball destination.

 This event utilizes Palm Beach County’s MLB spring training facilities. (Ballpark of the Palm Beaches and Roger Dean Chevrolet Stadium)

Responsibilities:

 Secure access to Ballpark of the Palm Beaches and Roger Dean Chevrolet Stadium

 Assist with operational and logistical support, as needed

 Assist with marketing, public relations, and event promotions, as needed

 Grant Funding

EVENT DESCRIPTION

CATEGORY G GRANT APPLICATION REQUEST SUMMARY

Equestrian Holiday & Horses Circuit

The Equestrian Holiday & Horses Circuit is a competition held in December in advance of the Winter Equestrian Festival (WEF) that has appeal to domestic and international riders. This event has become both as a stand‐alone event, as well as a method to expand the equestrian season in advance of WEF. It is the desire of Equestrian Sport Productions (ESP) to establish this showjumping series to the highest level in equestrian sport, known as a 5‐star Event.

The event, held at the Wellington International Equestrian, will span from November 29, 2023 ‐ December 31, 2023. Over 1,000 equestrian athletes are expected to participate. The Holidays & Horses Circuit is well suited to expand Wellington’s equestrian season by increasing the stay of WEF participants and attracting new equine athletes to Palm Beach County.

GRANTEE

CONTACT

Equestrian Sport Productions, LLC

Michael Stone / (561) 784‐1111

BID/GRANT Grant

GRANT FUNDS REQUESTED

GRANT FUNDS RECOMMENDED

APPLICABLE CATEGORIES

$40,000

Up to $20,000 (FY 23)

$1 per room night, up to $20,000

Sanction Fees, Site Fees, Officials, Awards (non‐monetary), Equipment, Rentals, Insurance, Security, Labor, Marketing (out of County), Event Production Materials

MEDIA COVERAGE PLANNED

MARKETING PLAN

EVENT OWNER ESTIMATES

SPONSORSHIP BENEFITS

The event will be broadcast on RFD TV, Eurosport, Web casts, USEF

Print advertising in national and international equine publications / Website advertising and International Press Releases – same marketing strategy as the Winter Equestrian Festival

Estimated Economic Impact – $6,432,000

Estimated Room Nights – 12,375

Benefits to be combined with sponsorship for the Winter Equestrian Festival application

EVENT DESCRIPTION

CATEGORY G GRANT APPLICATION REQUEST SUMMARY

“Little Mo” Internationals in Florida

The “Little Mo” Internationals in Florida will take place on the tennis courts at the Palm Beach Gardens Tennis Center (main host site), and PGA National Resort from December 1‐6, 2023. This youth tennis tournament will feature both boys and girls in 5 different age groups (12u, 11u, 10u, 9u, and 8u). The tournament will feature singles, doubles, and mixed doubles competitions for each age group. Approximately 500 athletes from more than 60 countries are expected to compete. A total of 25 tennis courts will be utilized. International Tennis Federation (ITF) rules will apply.

The Maureen Connolly Brinker Tennis Foundation conducts “Little Mo” tournaments throughout the country. This includes 18 sectionals, 4 regionals (one in Palm Beach County), 1 national, and 3 international tournaments. This event will represent the 15th “Little Mo” Internationals.

GRANTEE

CONTACT

BID/GRANT

APPLICABLE CATEGORIES

MEDIA COVERAGE PLANNED

MARKETING-PLAN

EVENT OWNER ESTIMATES

SPONSORSHIP BENEFITS

Maureen Connolly Brinker Tennis Foundation, Inc.

Carol Weyman / (214) 704‐7239

Sanction Fees, Site Fees, Officials, Awards (non‐monetary), Equipment, Rentals, Insurance, Security, Labor, Marketing (out of County), Event Production Materials

The Foundation partners with 200 different tennis federations around the globe to market the event. Print and online advertisements are strategically placed within industry publications The Foundation implements direct marketing campaigns through emails and phone to a database of more than 3,000 tennis players, located across the globe. The Foundation collaborates with other organizations to share resources, which maintains an international database that exceeds 12,000.

Estimated Economic Impact ‐ $1,603,918

Estimated Room Nights – 1,500

Benefits will be negotiated depending on the grant awarded. Generic benefits include logo and link to the event website, recognition on all collateral materials, opportunity to have a display booth during the event, inclusion of marketing materials on the player’s packet, and opportunity to display signage on the tennis courts.

EVENT DESCRIPTION

CATEGORY G GRANT APPLICATION REQUEST SUMMARY

Garden of Life Palm Beaches Marathon

The Garden of Life Palm Beaches Marathon is a weekend long running, fitness, and entertainment festival consisting of a full and half marathon, 5K, relay race, and fitness expo from December 9‐10, 2023. The racecourse will utilize West Palm Beach, with the main location being the Meyer Amphitheatre. The race is estimated to include over 5,000 runners, with one‐third coming from out of Palm Beach County. In addition to the various races, the weekend will consist of a fitness expo, taking place at Restoration Hardware in Downtown West Palm Beach. The marathon will serve as a qualifier for the Boston Marathon. As part of the title sponsorship with Garden of Life, they will bring in affiliates and members from around the country to enhance the overall event impact.

GRANTEE CONTACT

BID/GRANT

GRANT FUNDS REQUESTED GRANT FUNDS RECOMMENDED

APPLICABLE CATEGORIES

Palm Beaches Marathon, LLC

Ken Kennerly / (561) 758‐3582

Grant $25,000

$25,000 (FY 23)

Sanction Fees, Site Fees, Officials, Awards (non‐monetary), Equipment, Rentals, Insurance, Security, Labor, Marketing (out of County), Event Production Materials

MEDIA COVERAGE PLANNED

MARKETING PLAN

EVENT OWNER ESTIMATES

SPONSORSHIP BENEFITS

No live coverage, pending agreements with local television partners for post‐event coverage

Geo targeted ads on other race websites during summer/fall Promotion at events/expos during summer/fall Social Media, Internet, Print Collateral Local television/radio partnerships

Estimated Economic Impact – $1,471,506

Estimated Room Nights – 2,160

Name/logo in email, printed ads, flyers, and website

Logo on back of event t‐shirt

Hospitality to all surrounding events

Signage on start/finish chute

Social Media Thank You posts

10 entries for any distance

PRIOR EVENT HISTORY

’22 – 1,892 Room Nights

’21 – 2,047 Room Nights

’20 – Canceled due to COVID‐19

’19 – 1,919 Room Nights

’18 – 1,993 Room Nights

PREVIOUSLY APPROVED FUNDS

’17 – 1,609 Room Nights

’22 ‐ $15,000

’21 ‐ $15,000

’20 – Canceled due to COVID‐19

’19 – $15,000

’18 – $15,000

’17 – $15,000