TDC Board Book May 2022 by Tourist Development Council PBC

Palm Beach County Tourist Development Council Board Book

May 12, 2022

Table of Contents 1. TDC BOARD MEETING ATTENDANCE 05.12.2022 2. TDC BOARD MEETING AGENDA 05.12.2022 03. TDC BOARD MEETING MINUTES 04.14.2022 4. CONSENT ITEMS 4.A. DTPB Activity Report 4.B. Cultural Council Activity Report 4.C Sports Commission Activity Report 4.D. Film & TV Monthly Newsletter 4.E. Film & TV Production Report 4.F. Convention Center Income Statement & Financial Operations Analysis Compared to Budget & Prior Year 4.G. Convention Center Marketing Update 4.H. Convention Center "Pace" Revenue Report 4.I. ERM Project Status Report 4.J. PBIA Traffic Report 4.K. Contract Tracking Report 5. OLD BUSINESS 5.A. - 1. TDC Dashboard Current Month & FY2022 5.A. - 1.a. Bed Tax Collections 5.A. - 1.b. Report Metrics 5.C. Roger Amidon Resign Position for the FTC Board of Directors 5.D. Summary of Meeting with Clerk & Comptroller 6. NEW BUSINESS 6.A. FY2021 Agencies Audit Reports 6.B. FY2023 Budget Update 6.D. - 2. Comparative Performance 6.E. - 1.a. - c. Category "G" Grant Agreements 6.H. Convention Center Recovery Update

TDC BOARD MEETING ATTENDANCE SHEET REVISED EFFECTIVE April 14, 2022

(Seat) 01.13.22 02.10.22 03.10.22 04.14.22 05.12.22 06.09.22 07.14.22 08.11.22 09.08.22 10.13.22 11.10.22 12.08.22 (1) Commissioner Maria Sachs Chair (1/14/21)

N/A

CANCELED

N/A

(4) Jim Bronstien Vice Chair(9/30/22) Appt(3/1/95) ReApp(9/18/18) Dis.3

N/A

CANCELED

N/A

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

N/A

CANCELED

N/A

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

N/A

CANCELED

N/A

CANCELED

N/A

CANCELED

N/A

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

N/A

CANCELED

N/A

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

N/A

CANCELED

N/A

(9) Vacat (9/30/22) At-Large

N/A

CANCELED

VACANT

N/A

Verdenia C. Baker, County Administrator

N/A

CANCELED

N/A

Liz Herman, Assistant County Attorney

N/A

CANCELED

N/A

CANCELED

P P P P P

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Deborah Drum, ERM

N/A N/A N/A N/A N/A

Julie Bishop

N/A N/A N/A N/A N/A

Dave Anderson, PBCCC

N/A

CANCELED

N/A

N/A N/A N/A N/A N/A

(5)Daniel Hostettler(0930/23) Appt (05/18/21). Dis 4. (6)Adam Frankel (9/30/24) Appt (03/08/22)[Dis.5]

STAFF

Dave Lawrence, Culture George Linley, Sports Chuck Elderd, Film & TV Jorge Pesquera, Discover

CANCELED CANCELED CANCELED CANCELED

CANCELED N/A CANCELED Glenn Jergensen, TDC N/A CANCELED Emanuel Perry, TDC N/A CANCELED Joan Hutchinson, TDC N/A Vannette Youyoute, TDC CANCELED N/A O:\TDC MEETINGS\TDCMtgs2022\attendnc ** Reappointment during current year NA- Does not count towards attendance. P/W - Workshop P/S - Special Meeting Lassaad Riahi, PBCCC

Mike Brodnicki

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TOURIST DEVELOPMENT COUNCIL Thursday, May 12, 2022 – 9:00 A.M. 2195 Southern Boulevard West Palm Beach, Florida 33406 AGENDA 1.

ROLL CALL

MOTION TO APPROVE AGENDA ADDITIONS AND DELETIONS*

MOTION TO APPROVE APRIL 14th TDC MEETING MINUTES*

MOTION TO RECEIVE AND FILE CONSENT ITEMS FOR MAY 2022 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*

OLD BUSINESS – DISCUSSION ITEMS A.

TDC TOURISM PERFORMANCE METRICS 1. TDC DASHBOARD CURRENT MONTH & FY2022* a. Bed Tax Collections* b. Report Out Metrics*

PBI UPDATE- Cody Benkelman

APPOINTMENT OF TDC LIAISON TO FILM COMMISSION BOARD* MOTION TO APPROVE

2. 1

D. 6.

SUMMARY OF MEETING WITH CLERK & COMPTROLLER* – Glenn Jergensen

NEW BUSINESS – DISCUSSION ITEMS A.

FY2021 Agencies Audit Reports Briefing* - Glenn Jergensen MOTION TO APPROVE

FY2023 Budget Update*- Glenn Jergensen MOTION TO APPROVE

ERM 1. Two Minute Update- Deb Drum

DISCOVER 1. Two Minutes Update – Jorge Pesquera 2. Comparative Performance – Gustav Weibull

SPORTS COMMISSION 1. The Category “G” Grant Agreements* MOTION TO APPROVE Grant a. b. c.

Cal Ripken Baseball Rookie & T-Ball State Championships (June 22-26, 2022) – Gardens Park Men’s Senior Baseball League Fall Classic (November 5-19, 2022) – Ballpark of the Palm Beaches, Roger Dean Chevrolet Stadium ClubCorp Champions Classic (November 913, 2022) – PGA National Resort TOTAL

Amount

Room Nights

$15,000

1,800

$52,000

6,480

$20,000

1,750

$87,000

10,030

2. Two Minutes Update – George Linley F.

CULTURAL COUNCIL 1. Two Minutes Update - Dave Lawrence

FILM & TV 1. Two Minutes Update- Chuck Elderd

CONVENTION CENTER RECOVERY UPDATE* - Dave Anderson

CONVENTION CENTER 1. Spectra Venue Management a. Two Minute Update- Dave Anderson 2

Spectra Hospitality a. Two Minute Update- Lassaad Riahi

BOARD COMMENTS

PUBLIC COMMENTS

ADJOURNMENT Next Board Meeting will be on June 9, 2022. *Attachment included.

Tdc/tdcmtgs2022/Agenda.05.12.2022

TOURIST DEVELOPMENT COUNCIL Thursday, April 14, 2022 – 9:00 A.M. MINUTES 1.

ROLL CALL Present Commissioner Maria Sachs, Chair Jim Bronstien, Vice-Chair Roger Amidon Jim Mostad Daniel Hostettler Adam Frankel Don Dufresne Davicka Thompson

Absent Seat 9 Vacant, At Large

Staff Verdenia C. Baker, County Administrator Liz Herman, Assistant County Attorney Glenn Jergensen, TDC Joan Hutchinson, TDC Patricia Ramirez, TDC Vannette Youyoute, TDC Dave Lawrence, Cultural Council Jennifer Sullivan, Cultural Council George Linley, Sports Commission Michael Zeff, Sports Commission David Fontanarosa, Sports Commission Jorge Pesquera, Discover The Palm Beaches Kelly Cavers, Discover The Palm Beaches Evan Lomrantz, Discover The Palm Beaches Gustav Weibull, Discover The Palm Beaches Nick Parks, Discover The Palm Beaches Chuck Elderd, Film & TV Commission Michelle Hillary, Film & TV Commission Julie Bishop, ERM Dave Anderson, Convention Center/Spectra Venue Management Kathy Griffin, Convention Center/Spectra Hospitality Lassaad Riahi, Convention Center/Spectra Hospitality Isami Ayala, Facilities Development & Operations Cody Benkelman, Palm Beach International Airport Other Jodi Cross, FRLA Gregory Lee, Law Firm of Baker & Hostetler Cardinals Steve Perelman, Cityplace South Tower Condo Derrick Steinour, Sales Marketing Hilton WPB

3. 1

========================================================= Commissioner Sachs Called the meeting to order at 9:03 A.M. Introduced and welcomed back the new board member Commissioner Adam Frankel. Commissioner Frankel I'm an attorney and city commissioner in Delray Beach. I'm here for my second term of duty on this board. Very happy to be back. 2.

MOTION TO APPROVE AGENDA ADDITIONS AND DELETIONS*

Motion to approve agenda additions and deletions was made by Don Dufresne and seconded by Jim Bronstein. Motions carries 8-0 with Seat 9 vacant. 3.

MOTION TO APPROVE MARCH 10th TDC MEETING MINUTES*

Motion to approve March 10th TDC Board Meeting Minutes was made by Don Dufresne and seconded by Jim Mostad. Motions carries 8-0 with Seat 9 vacant. 4.

MOTION TO RECEIVE AND FILE CONSENT ITEMS FOR MARCH 2022 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 approve agenda additions and deletions was made by Don Dufresne and seconded by Jim Bronstein. Motions carries 8-0 with Seat 9 vacant. 5.

OLD BUSINESS – DISCUSSION ITEMS A.

TDC TOURISM PERFORMANCE METRICS 1. TDC DASHBOARD CURRENT MONTH & FY2022* 2

a. b.

Bed Tax Collections* Report Out Metrics*

Jergensen Bed Tax Collection – February 2022 collected in March was $9.9M compared to the same month last year at $5M for an 98% increase. Actual February was 57% above Budget and 30% above the prior month at $7.6M. Actual February was 42% higher than 2019, a new record of any February since reporting started. FYTD’22 Collections at $39M, were higher than last fiscal year to date at $19.3M by 100% reflecting the continued recovery. FYTD collections at $39M are pacing 36% ahead of Approved Budget and are 35% higher than our record 2019 for the same sixmonth period. The Rooms sold for February were 419,222 or 32.4% higher than the last year. Rooms available for February at 515,648 are 2.3% higher than last year. Hotel Rooms Active today in the County 18,416. Occupancy for February 2022 was 81.3%, up 30% over last year. Occupancy for February 2021 was 62.5%. February 2019 was 85.6%. Average daily rate for February was $347.31 a 54.9% higher than previous year, 30% above 2019. The Revenue/Available Per Room for February 2022 was at $282.48 higher than the prior February by 101.4%. Hotel room net sales FY22 year over year February increased 106% at $142M. Nonhotel room sales FY22 year over year February increased 50% at $25M. Hotel room net sales FYTD 2022 increased 104% at $531M. Non-Hotel room sales FYTD 2022 increased 39% at $106M. FYTD 2022 Taxable Revenues Fiscal Year over FY2021 increased 89% at $637M versus $337M. FYTD 2022 Taxable Revenues Fiscal Year over FY2019 increased 37% at $637M versus $467M. Airport passengers for the month of February 2022 was 602,090, 111% higher than February 2021 and Total Estimated Seat Capacity at 73% is higher than last February 2021 with 716,975 seats. PBI Passengers 12 month rolling average is 164% higher at 5,837,922 over last year. Leisure & Hospitality Employment for December 2021 at 89,600 increased 14.1% over the same month last year. Accommodation employment went up 32% higher over last year at 9,900 employees. F&B was up 13.6% at 59,200 employees. Arts & Entertainment employment 8.5% higher than last year at 20,500 employees. Amidon I look at the employment numbers and I know we have new product, but the restaurants and hotels are still lagging behind the Pre-COVID numbers. Personally, I'm looking for another 40 people.

Jergensen Those numbers should be higher because we just have a huge volume of visitors that are down here enjoying Palm Beach County. Mostad There's a percentage of the employee market that left our market when we shut completely down and they're not coming back. They realized it's awfully nice to have Christmas and New Year's and Thanksgiving off with their families, as opposed to our industry. We've been tested to find people that are willing to work six, seven days a week in peak season, work nights, holidays, everything else, that qualitative component is something that all of us are challenged with re-think how we employ people so that there's a better opportunity. Hostettler The positive is that we are 75% of 2019 staffing. Still, it's down 25%, which is 500 bodies. Mostad It is an incredible result for February. What is driving this is the ADR daily run rate, one year does not equate to a trend. The real big question for all of us is the sustainability of pricing levels. At this point, it could disappear over-night. We have to be very cautious and conservative going forward. Thompson Have you seen any indication in the market as to when the ADR started to level off so that we can get an accurate reflection short term? Amidon We've seen a little bit of a drop off in demand, that's because other destinations are opening. There are more options for people to travel. Europe is open. But I'm looking at December next year, we're packed and we're driving a nice rate. It's going to be something we're all wondering and worried about. Last summer was packed from February through August 15th. For the summer and fall it's looking good. Mostad We were just at an event out in San Antonio with about 150 resorts represented from around the country, and we're not hearing the same story out there. The cities and municipalities are absolutely suffering especially the real big tier markets. I think we are ahead due to some strategic planning, how things were managed, but hold on for an interesting ride it could change instantly, and we need to not just live in a bubble and think that this is going to continue. It could mitigate itself pretty quickly. B.

PBI UPDATE- Cody Benkelman

Benkelman Exciting times at PBI and especially across Palm Beach County. February is scheduled at capacity. We recovered to pre pandemic levels. Total passengers were at 93% of 2019. A few service reminders and updates as we move from our peak months. March was fantastic. We had 100 average daily departures out of PBI. Air Canada has wrapped up service to Montreal and Toronto for the season. We are anticipating a return for Air Canada in October and November. Additionally, Allegiant Air includes Indianapolis and Austin service. We expect Allegiant to continue through the summer with Pittsburgh, Cincinnati, and Asheville. Last but not least, Breeze is our newest airline partner. They started in February with Saturday service to Charleston, and they will be extending those flight schedules. Open tickets are bookable through November 15th, and they will have twice weekly service. They're trying to grow as quickly as possible in our market, but also do it in a sustainable manner. C.

BRIEFING- ROGER DEAN STADIUM AGREEMENT*– Isami Ayala

Ayala As you may recall, I was at your November 10, 2021, meeting to provide a status update regarding the Roger Dean Chevrolet Stadium renovation project. At that time, we had shared with you that having secured a financial position that will allow the project to move forward, staff was about to restart negotiations with the teams. Since then, we have been in active coordination with the teams. We are fast approaching the point where the agreements will be ready for consideration by the Board of County Commissioners. Therefore, we're here to provide you an overview of the agreements and what we hope to present to the board in the coming months. The project scope includes improvements or renovations to public, private, and shared use areas. The scope and classification of those improvements was thoroughly discussed in your presentation. The estimated project costs totals about $107M, of which approximately $26M relates to public use improvements, $67M relates to private use improvements and the balance of approximately $14M relates to shared use improvements. With that general overview, the summary of fee agreements and material terms, starting with the developer agreement, will be executed between the County and Jupiter stadium, a limited partnership between the Marlins and the Cardinals, under the agreement JSL will serve as the development consultant and program manager. It will be responsible for the coordination and administration of all aspects of the design, permitting, construction, development, and delivery of the renovation project. Under the agreement, the County will issue bonds in the amount of project proceeds not to exceed $105.5M.

That amount can be increased to $126M at the request of JSL. The bonds will each be issued as taxable and tax exempt. The County’s contribution and the State’s contributions are capped or will be capped at $75M and $50M. And then JSL’ s contribution will basically be the difference from the annual debt service minus the sum of the County and the State contributions. As I mentioned before, the State contribution is something that we are working on. We have drafted the application that will be required under Florida Statues 288.011631. The process as it currently stands requires us to go to the Florida Sport Foundation. They review and eventually recommend or transmit that application to the Florida Department of Economic Opportunity. We went ahead and submitted an initial draft to obtain their comments on our work product. Our expectation is that once we go back to the Board of County Commissioners with the agreements, we will request authorization to go ahead and submit the application. Under the draft agreement Jupiter will be contributing $2.3M towards batting tunnels, and $250,000 per year over a 10-year period for capital improvements. The developer agreement provides for the issuance by the County of funds. Before approval of the bond resolution and issuance of the funds, the Developer Agreement must be in place and full execution of the State Funding Agreement, providing for 25 annual payments of $2M must be met by April 30, 2024. JSL will be responsible for all cost overruns. At the end of the project, all amounts accumulated in construction savings will then be deposited into the R/R project reserve. The agreement contains typical default conditions by JSL: Bankruptcy, failure to pay subcontractors/consultants, or failure in the performance of any material obligation. By the County: Failure to pay JSL, or failure in the performance of any material obligation. Term and termination: Effective as of the date of approval by the last Party to execute and will terminate the earlier of 1) full completion and payment of all services under the agreement, 2) the date of any termination of the New Use Agreement, or 3) the date of any termination of the Developer Agreement. Under the agreement The Limited Partnership can terminate the agreement if: 1) prior to the sale of the County bonds, for any reason subject to the repayment by the Limited Partnership of 100% of any State Annual Contribution payments received and the repayment of any eligible costs reimbursed by the County, if any. 2) if conditions are not met or waived by April 30, 2024. Under the agreement as well, the County can terminate the agreements: 1) For any reason prior to the approval of the Bond Resolution by the County, has not received the Bond Sale Request by April 30, 2024, subject to the County making payment to the Limited Partnership for eligible costs accrued 2) If the Conditions Precedent are not met or waived by April 24, 2024. 6

Finally, if the Developer Agreement is terminated, the New Use Agreement shall terminate simultaneously. The New Use Agreement needs to be executed between JSL, Saint Louis Cardinals and the Marlins. The original, just to refresh your memory for context was executed in 1996. The current new agreement expires in 2027 and the new use agreement will extend the term to April 30, 2049. County grants to JSL the exclusive right to use occupy, operate and permit to all third parties to use and occupy the facility for all lawful purposes. The primary purpose being to serve as a professional sports training facility. JSL in turn will allow the teams to play and the teams agreed to play all their respective Major League Spring Training Home Games in the stadium during the Spring Training Season each year. Dufresne On page nine the County grounds, they are exclusive. Where does the County have access to the facility for Sports Commission purposes? Ayala I am going to get to that. There's also, event plans and calendar that needs to be coordinated with TDC and the teams on an annual basis. Bronstien Can you highlight what's different from the previous agreement as you go through? A lot of this is repetitive. Commissioner Sachs For the purposes of some of us who were not here or do not know about the previous update why don't we go ahead and proceed. Let’s move forward and if we can, unless it's a pressing question, we'll wait for the end. Ayala JSL will be responsible for managing and scheduling all events and rights to use the Stadium (priority order). And that goes back to your question, priority is giving to JSL and the teams on an exclusive basis for spring training season, for minor league baseball home games, and for team events. County then has priority for a tourism enhancement event, local non-profit organization, and for a community event, then other entities for commercial events. JSL and TDC will meet annually to coordinate next year’s event calendar. The County can schedule a tourism enhancement event at any time with a minimum of sixty days’ notice. JSL is to develop a standard form event license agreement for Tourism Enhancement or Community Events, which will include a standard fee structure.

Going back to your question JSL will also have the right to negotiate, approve and execute a new license agreement with the Town of Jupiter terms to include an administration fee and an annual use fee calculated following the sale of County Bonds. JSL will be responsible for the difference between the annual debt service and the County/State contributions, the County is excused from its obligation to pay debt service, JSL will be excused from its obligation to pay the use fee. JSL will be responsible for all repair or maintenance costs, or renewal and a replacement project schedule will be developed after the completion of the renovation project. JSL will be entitled to receive and retain all revenue streams: tickets sales, parking, concessionaires, JSL will have and control all naming rights. The teams will be required to spend a minimum of $500,000 per year of marketing and promotional services in their home cities. And that amount will increase 10% every five years. A minimum of one live drop-in announcement during each team home game and a promotional plan needs to be drafted annually in coordination with TDC. Just like the development agreement, the use agreement contains standard default clauses. By JSL: 1. Filing of a petition commencing a voluntary bankruptcy proceeding. 2. Failure in the performance of any specified material obligation under the agreement, 3. Failure to make any payment obligation. By the County: 1. Upon failure in the performance of any specified material obligation under the agreement. Material breach of the agreement, triggers requirement to reimburse State funds. Suspension of play: JSL will not be obligated to perform under the SFUA in the event that a national emergency of the United States being in a state of war or implementation of law prevents JSL from using the Facility for all or part of an entire Full Spring Training Season in any of the years covered under the term of the SFUA. Automatic extension for an amount of time equal to the duration of such suspension. The release from the obligation to perform excludes payment of the Annual Use Fee. Force Majeure: County nor JSL will be in default under, or breach of, the SFUA to the extent it is unable to perform due to an event of Force Majeure. The payment of the Annual Use Fee is not suspended. Jergensen TDC investment summary. We're in a good position to make this investment with the current projections. About what 2022 and 2023 look like, our reserve positions in the first and fourth penny are very significant and will handle any investment and still have some for investments in the convention center activity and increases in R&R.

Ayala The next steps, we expect to finalize the Jupiter Agreement in April. In May a new Developer Agreement and Sports Facility Use Agreement will be presented to the Board of County Commissioners, assuming the County approves, a Reimbursement Resolution and Draft State Funding Agreement will be developed. Then we get the next six months from June to December 2022, to finalize and execute the State Agreement, Bonds Authorizing Resolution, and Sale of County Bonds. And once we're past that phase, we're moving forward with construction and hopefully implementation. As it relates to implementation of the actual phases, assuming everything proceeds as planned, we will, and the teams will continue with the process of design, hopefully starting 2023 Spring Training Season. Construction will be a two-phase approach. Phase one to commence after 2023 and then phase two to commence after 2024 Spring Training Season. I'm happy to take any questions. Thompson On slide No. 5, about the amount that can be increased at JSL request. That would be $19M to $20M more. What type of request would that be? Is that any request that they make with regard to including the stadium? Ayala No, back in 2019 when the terms were approved by the BCC the teams and the County staff agreed, and it was approved by the BCC that if savings were to be secured through the mix of taxable and tax-exempt bonds the teams will be allowed an additional payment. They will be authorized to request the cost of improvements that were left out. There are some improvements the teams believe, and we agree with them, will be beneficial to have as far as the overall project renovation. These improvements were taken off the table to reduce the total cost estimate. These improvements include the 360-wraparound concourse, the elevated seating decks in the outfield for the general public and the first phase gathering group area improvements. Baker The additional improvements wouldn't go forward if the cost continues as it is today, or if projected costs have significantly increased. Unless it drastically decreases, it's going to be a challenge. If we're able to save additional dollars, then this allows them to come back and add in those items. We cut really nice things that are done in other stadiums, but we had a limit on what we were going to recommend as far as expenditures are concerned. If we can go back and add those things, it's a value added for our stadium. If we can't, it's not added, unless the teams want to pick up that cost on their own. 9

That's where we are. We're not looking to increase the public aspects of it. If we save the money and we can reinvest in public and private uses, then we believe that it would definitely be an added value. Thompson The construction manager. Once the project gets started, is there a local business preference? Ayala Under the current agreement, they are required to follow the County purchasing processes. That means, before they go out and issue anything, they need to come through us to make sure that those requirements are in place. Bronstien What is difference between the original Roger Dean deal to this deal? What is the difference between this deal versus the Ballpark agreement? Ayala If you go to the current agreement, it basically states an R&R project schedule and then sets the team's contribution at $150,000 per year. And the County covers the rest as it relates to public improvements. On the new agreement, we're going to establish a transition period because we need to move from an old framework to a new framework. That transition period won't happen until 2027, but the end result will be that we will establish a project schedule of 10 years for renewal and replacement that will be updated on an annual basis and will clearly define privately maintained items and publicly maintained items. It significantly simplifies the process of making sure that everything is being maintained. But it also allows us to better schedule budgets. You also have a change as it relates to marketing contributions. We will have $500,000 per year, per team required spending in their home cities. And will increase 10% every five years. Bronstien What would be the approximate JSL contribution and the annual use fee? Ayala Under the contract, it's called Annual Fees. That is the reference. The Annual Fee will be established once the bonds are issued. That will be the difference from the County’s annual debt services minus County and State contribution. We have cash limits on our contribution at a reduced amount in the initial years. If you add their total contribution towards debt service, we are round an estimate of $43.44M over the term of the deal and it fluctuates per year because in order to facilitate this deal, they agreed to basically front load the payment of the annual debt service through the Annual Use Fee. And we're going to be capped at $150,000 per year during the first years of this bond issuance.

Bronstien On page 14, about relocation, which I guess would be a material breach, but then it says the requirement is only to reimburse State funds. If there was a massive material breach, there would be no obligation to reimburse the County? Ayala This is based on our lessons learned from Ballpark of the Palm Beaches, there will be a requirement to reimburse State funds. There's not a requirement to reimburse our portion because it's our facility. Dufresne We think we need a $125M stadium if we don't have two major league baseball teams? I don't think that's necessarily the case, even though is our facility. They were paying $250,000 a year previously. How's that going to schedule up now? Ayala So, what's going to happen is that at the end of the renovation project, we put together what is called a project R&R schedule. That basically identifies privately owned, privately used assets in publicly owned assets, very similar to what we do at the Ballpark of the Palm Beaches. The schedule is set based on lifecycle. Linley I'll just want to add that remember the stadiums are not just about Major League Baseball, it's a huge economic impact to Palm Beach County. It's an incredible product, and is used for amateur baseball tournaments on a statewide, national, and international level Dufresne There's a lot that goes into the stadium that if we were to build a purpose-built stadium, just for baseball-tourism, it would not be $125 million. Pesquera I wanted to ask you if some of the marketing assets that we recommended were able to be incorporated into the agreement. Ayala I did not include that on the material terms, but I did share during my summary that we, the TDC will meet with the teams on an annual basis to develop that marketing plan. Under the agreement on Exhibits E-F there is a whole list of what are considered to be the baseball marketing assets. Glenn has had the opportunity to review them. We agreed that through the annual process, you will be able to capture those concerns in marketing.

Jergensen Absolutely. Like the agreement that we did with the Ballpark of the Palm Beaches, it's all laid out that we can negotiate marketing terms as part of the $500,000 per team, we can negotiate anything we need to do. And that's the same agreement that's now incorporated into Roger Dean. Baker And I'd like to thank Isami, along with the teams and especially their representatives, this process went as smooth as it could possibly go. They are excellent partners. They've worked through the process. They protected their interests. We protected the County's interests as well as the State’s interests. And it's a win-win, I believe for all of us, I do believe that we're all operating on good faith and their intent is to stay here for the additional years that we're now negotiating. Who knows what's going to happen in the future, but right now our good faith effort is that we're going to keep our four teams here. D.

FY2022 FORECAST & FY2023 BUDGET UPDATE* – Glenn Jergensen

Jergensen As we go forward, I think we have to be conservative when looking at the future. We have always talked to be around $60M in the current forecast for 2022. If we continue on the current trend and March is another $10M, we could be headed towards a $68M 2022 forecast. It's not hard to believe even going through the summer. That would be a 33% increase year over year for bed taxes. We're going to look very closely before we come back to the finance committee as to whether we recommended 9%, or a conservative 6% for 2023. We're going to have a good flow through into reserves and bring those back to the finance committee over the next couple of weeks. The contracts that we've developed, the budgets that we put together for 2023, I think all the agencies have a significant amount of money to be able to use and we should come out of 2023 with a significant reserve position we can hold on to because as we all hear at recession could be heading our way. 6.

NEW BUSINESS – DISCUSSION ITEMS A.

FY2023 Year Agency Contracts*- Glenn Jergensen

Jergensen I mentioned the past couple of meetings that the new five-year contracts were coming up for all the four agencies. There will be no changes to the contracts this year, as in my opinion and in the opinion of some of the other agencies these agreements do not prevent anybody from doing their job. Everything is being done under these marketing agreements that need to be done,

they have been working over the past five years. They were revised three years ago to put in some additional information that the Clerk and TDC agreed on. We made sure that there were some improvements in the cycle time of the Clerk’s process. We will have further discussions with the Clerk over the next few days to see if we can straighten some of those processes out even further, but the contracts themselves are very solid. The only change that we did add to this contract has to do with providing access to events by Commissioners and staff. About three weeks ago, we were trying to get all of the Commissioners out to the opening day game at Roger Dean stadium and we ran into some ethics issues in the contracts that pretty much prevented us from doing that. We've been working to put in some language that allows us to be able to attend these events for County Commissioners, Administration and TDC organizations. In consideration for the County’s payments to the agency pursuant to this agreement, the agency provides the County with a sponsorship benefits package describe in an exhibit that we're adding to each one of the four agencies, that is attached. Each exhibit is a sponsorship benefits package. The agency shall provide the following sponsorship benefits to the County in consideration for the counties, payments, reimbursements of these contracts. Full access at no additional charge to tourism related activities and events, parking or transportation in connection with these tourism related activities and events, materials, promotion items, memorabilia related to tourism, activities and events, meals, and entertainment expenses. When related to the specific tourism related event, the value of the sponsorship benefits shall not exceed the amount of the County's payment in this obligation under the agreement. That allows the Commissioners, Administration, County Administrator, other Administrators, the TDC, the staff, and any TDC board member to attend these events without an ethical issue being raised now. We're supposed to report in our ethics reporting annually the value of these items that are received, but it does not prevent us from attending events because you all are vendors to the County. And that is specifically what stopped us from attending that spring training baseball game, because in your contract, it is specifically called out that this could not be done because you are vendor, and a vendor can't make a gift to the County. Herman Basically, the County will be the donor. Baker The Ethics Ordinance prohibits us from taking gifts from a vendor, anything over an aggregate of $100 on an annual basis is prohibited from a vendor. This allows us to participate because at the end of the day, the Board of County Commissioners is responsible for these dollars. They are County dollars. We need to clarify we're contracting with you to spend it and it's still a County function. That's why we are getting the language. 13

We'll also work with the baseball teams to make that clarity in their agreement as well. To avoid the process whereby they have to give the tickets to another organization to give to the board. We want everything transparent and we're going to make those adjustments. Commissioner Sachs If somebody wants to provide tickets to one of our new games or any event, do they need to check with someone? Baker This is not new. We're just clarifying and putting in the right words. We worked directly with George on sporting type events, Jorge on other events, and all of the agencies. We work with them all the time and I think the language that is being crafted and put into these agreements, it'll take care of them. And if we have to, we will be calling our county attorney as well as the Ethics Commission and getting clarity if it's outside our normal scope. Herman The Ethics Commission has a direct hotline and they're always ready to answer any questions. They are very quick and thorough in their responses. Jergensen That is the only change to the contracts. We can move these contracts with the exhibits that we were updating, which we update every year, to move to the agencies for their execution. If we get them back from you in the month of May, we will finalize the contracts for the FY2023, starting October 1st. Then we have to give it to the BCC during the summertime, in July. Amidon Motion to approve as presented with the addition of attachment N, the new language that was presented in the contracts. Motion to approve FY2023 Agency Contracts was made by Roger Amidon and seconded by Commissioner Adam Frankel. FY2023 Year Agency Contracts – Discussion Mostad Why is there trepidation about looking at some modifications for efficiency and streamlining? I had some questions, and I made some recommendations with respect to the current contract. From past experience, I don't see any recommendations as eliminating oversight or compliance with the agreement. I look at some of it, as general philosophies, 14

and I won't support a motion to proceed right now. I would kindly request that we have an opportunity to take a look at what has been presented. Dufresne I think it warrants a look and I would respect the executive committee’s desire to review things, but if we're going to review it, I want to review the whole contract and detailed budgets. I don't think we can do that for this year, but I think it can be done within the course of this year. We'll look at things, but if I'm going to spend my free time reviewing a contract, I want to review the whole contract and I may have a lot of recommendations. Everything's going to be on the table at that point. I don't appreciate it being sent to us yesterday for us to then consider it today. Jergensen It was done at an Executive Board meeting of Discover on Tuesday. That's the reason why it came out yesterday. Dufresne On my part, I don't have a problem reviewing it. I think it's worth reviewing. I just want it to be understood that I'm going to look at every aspect of it and I'll have my recommendations. I think it's worth it to do it over the course of this year. Commissioner Sachs When do these contracts have to be confirmed? Jergensen New contracts start October 1st, it has to be approved by the Board of County Commissioners by summertime. Mostad It's a five-year agreement. It looks like there's a handful of things that are being looked at. We have the time between now and October to at least hash those items out. I think we should at least have the opportunity to have some explanation. Hostettler I would be happy to join you. Dufresne The other consideration is that Glenn's not going to be here. Whoever is going to be in Glenn's position may not want to take it forward instead of inheriting something. Baker I am going to recommend to this board that we move this forward, because it's only one entity that seems to have consistently some issues and we need time to hash it all out. We need time to do our research. I will ask my staff to do more research based on what 15

has come up and when it comes to bed tax dollars, the statute holds the Board of County Commissioners responsible for the expenditures and accountability of these dollars, not an agency we're contracting with. We need time and I don't have a problem sitting down, workshopping it, and hashing it out. I think the workshop needs to be with this board in a public meeting. But we need time to work with the agency who is bringing these issues up and go through it. If November or December come and this board has a recommendation for the BCC, and of course staff would have our own recommendation, hopefully they will coincide. Then we can make the modifications. I want to move these contracts forward. Glenn is leaving, a new person is coming in and is not going to be able to just pick it up and run with it. I will be here and be actively involved in this process. I will commit to it. I will have the OFMB office involved, as well as legal, making sure that we are protecting the BCC, accountability is there; the Clerk of Courts will be involved. We have a meeting scheduled for Monday with Jorge, his chair, Rita, the Clerk of Courts, and his staff that makes the payments and our staff. I will begin that meeting figuring out what the issues are. We had a meeting before, a number of years ago, when there were legitimate reasons about things we could do to streamline the process on payment and we made that happen. I had not heard anything until just recently from my board who heard it from Jorge making the rounds upstairs and then meeting with his chair. I did not hear anything before, and it would have been easier if I had heard it in advance to decide if I want to call the Clerk’s office and set up another meeting. I've asked for a detailed explanation of what the issues are so that when we meet on Monday, the Clerk will be prepared to address it. If there are things we need to change in our agreement, I'm willing to change it, to streamline it. Years ago, the entity we contracted with did not have enough private dollars to put dollars out and be reimbursed. We said, okay, not an issue, we went to the board, the board approved it. We gave $5M in advance. And when we allocated that $5M, those are taxpayers’ dollars. I wasn't aware that there was a current major issue. Jergensen There is not just $5 million to Discover. Every agency has an advance. Because we had to make sure these were truly reimbursement contracts. Amidon It was a great move and great amendment to the contract to help these agencies get to market quicker. But, to the point of the time that's spent on these issues it may not benefit us any further. I think it is a waste of tax dollars. And my property pays over $1.6 million in bed taxes, The Boca Raton, and The Breakers, a healthy amount more. I'd rather see those dollars spent on marketing our tourist destination. To me, that's where I'd rather invest the dollars.

Mostad Let’s move forward with a motion related to approving these agreements, subject to a specific review of the issues brought by Discover’s Executive Board. Dufresne I won’t go for a specific review. If we are going to review, we’re going to review everything. Worst case scenario is nothing changes today, the worst case is still very valid. Mostad I would understand your point if we had started a year ago in preparation for a five-year renewal. There is a handful of specific things that are on the table. Can we at least review those specific things? It sounds like there's a meeting coming up on Monday. Do we defer signature or approval on these to next month's meeting in May? Dufresne I do not want to piecemeal. I want to look at everything. We're going to look at it or workshop it. Then it's not our fault. They came here yesterday. We learned yesterday instead of a year ago. Amidon I think the recommendation is to move forward, it would be the best way. And then we do a workshop later on and take a hard look at it. Bronstien I have another option, which is just to do a one-year extension, as we've got a new Director coming in. This is a good time to rethink the big picture, everything we're doing. If we're just getting more dollars and doing more of the same thing for 20 years, that's not very progressive. And so maybe this is an impetus to look at what we do, how we do it and where are we doing it? I mean, the simplest thing is a one-year extension. Dufresne Are there changes that we need to make in these contracts that are in the current contract? Jergensen The only one is the addition of the ethics language. we didn't do that as an amendment. Bronstien Is it possible to do a one-year extension? Baker All of you received the proposed changes last night. What I read is Discover’s Board wants to say what the Executive Director of the TDC should be doing without input from me. I am the person held responsible by the Board for 6,800 positions, which includes the TDC Director. That would have been the first step to talk to me about it. What they're proposing has an impact on ad valorem dollars to the general fund, not just bed 17

tax dollars. And that is another major critical element that somebody should talk to me about. No outside entity gets to tell the BCC how to spend ad valorem dollars. There is a balancing act on ad valorem dollars and what another entity wants that is going to impact the general fund ad valorem dollars. That's something we need to hash out. I think we're all in agreement. I, as the CEO of Palm Beach County have been heavily involved with tourism. I support tourism 100% and I will always support it, but there's a balancing act. And you're now telling me I need to do something on the ad valorem side. We need to discuss this whole issue with pushing a hotel. I'm the first to say, we need another hotel to add to our convention center, but you don't tell me I need to do it immediately. When it's going to take ad valorem dollars to pay for that debt service. That is something I've got to vet with my Board through our budget process so that we know what the ad valorem impact is going to be when we issue bonds. Those are things I'm open to and willing to discuss. I know we need another hotel, but it's a matter of how it fits into the budget with all the other things we've got going on. It should be discussed, as a professional courtesy at the staff level before it's bounced up to executive boards. My Board gets a million calls on an issue that has not been discussed with me. And then they call me and I'm at a disadvantage because I don't know all the nuances that's going on. I am going to ask all of our Executive Directors of our Agencies when you have issues like that, even if you don't agree with Glenn, you all have my number, call me. Dufresne Explain to your boards, that even though you are supposed to be taking direction from them there is a process as well for the County, that you knew about. Baker It's professional courtesy. Commissioner Sachs I would recommend that we re-do the emotion. There's already a motion on the floor. Mr. Amidon and seconded by Commissioner Frankel. Pesquera Glenn’s indication that the contracts will not prevent us from doing our job is probably a correct statement in the sense that we've been going with it. We've been living through this for a long time. Our only goal or aspiration here is to increase our competitiveness and to increase visitation and get to market and to do things in a way that is on a level playing field with our peers around the state of Florida and elsewhere. I think our board was somewhat taken aback by the notion that there would be a statement of absolutely no changes to the contracts coming from Glenn. I think that we have communicated many 18

times the aspirations that we have to streamline certain aspects of the contract that we think will make us more agile and more competitive in comparison to our peers, without diminishing the accountability and compliance and transparency that is important to keep as part of what we do. Verdenia has pointed out that there is an interrelationship between the role of the TDC and the role of Discover The Palm Beaches and the way it's been defined in the contract with Discover. That is part of the issue that we believe this body needs to address. We believe that there are certain key strategic issues that the TDC should move forward with that are not happening because of the way the job is structured. And we believe that the destination and the community as a whole would benefit from a review of how it is done at other organizations in the state of Florida and how they are deploying resources? Kissimmee, Miami and other places are using 90% of their dollars from bed taxes, their portion of private funds is very insignificant in the grand scheme. We're not dissimilar to any of the other private non-profit organizations, except for the level of co-management and audit processes that are taking place right now. That is all we're asking for, a dialogue to improve efficiency and effectiveness and competitiveness without jeopardizing any accountability. Also with respect, we recommended that we have a dialogue about these roles, and we were happy to engage in that. We know how this is happening in other places. There are comparisons with other destinations to do this and I think that it is a valid review that should take place. I'm not sure how our recommendation is causing alarm. I am trying to understand why it is that years after the recommendation to have a tourism master plan has been approved and funded by this body, and we still don't have a single step in the direction of developing a tourism master plan. I don't know how it is that the big picture issues that impact the future, creating a roadmap for the future for this community and tourists, as it pertains to tourism are not addressed and keep getting kicked down the road. That is the sort of thing that we believe this discussion will help address and rectify and put in a better order. Amidon Speaking from a bit of history about what we've talked about here, as it was stated, when I was in Glenn's seat, this going around process, is not conducive to a partnership. I would sit down with Verdenia and Glenn and let's discuss this and give us advanced notice versus a couple of weeks or a couple of days. Verdenia and Glenn will be open, your board will be open, but if you try to force something and do in an around about way, you're going to hit a dead end. I don't agree with that process. Let's try to collaborate on this instead of trying to force it. I think these contracts that we have with those amendments really has helped move them forward. I think agencies appreciate that, that fronting of money helped us to get to market quickly. And those types of discussions happened over time and with a collaborative effort.

Pesquera With respect, there have been attempts to stop that. Jergensen To clarify that discussion your executive board took place on Tuesday. You brought all this forward on Tuesday. Pesquera You've received memos, asking for discussions on this matter and your response was there will be no change. Jergensen There will be no changes to the contracts, the contracts work. Commissioner Sachs I'm going to restate the motion. The motion on the table is that we pass these contracts, if there is going to be any further discussion about them, they can be modified later. Bronstien Could we renew all these for one year? Then give us all the ability to report back to our new Director with advice. Take the big picture to look at things with no harm, no foul. Amidon I think that might send a message very similar to the Visit Florida experience. If this is for one year it could really create some negative issues. To have the guarantee of a fiveyear contract really helps the agency's team to know that they will remain employed. Thompson I agree if we have the option to make a move, then we should move forward with the five-year renewal. We should also though, at some point, come up with a concrete plan to take the contracts to workshop. We need to know that we are working toward making those amendments if necessary. Thompson When are we be able to get notes? Baker We're going to depend on Discover to give us the list of issues that are outstanding and we will summarize them. The Clerk of Courts is a separate constitutional officer that is charged with the financials, writing the checks for the County, and auditing to make sure, number one, expenses are for a public purpose and number two, we're in adherence to contracts and that's how we make the payments.

What they're actually doing is looking at our contracts with the agency. When invoices come in with your documentation, if it's appropriate documentation and it's allowed in the contract, they sign off and write the check. If there are questions as to the documentation in support of the invoice, or to write the check, then they send it back. The agencies are no different than County departments. If we send something to the Clerk and the appropriate backup documentation isn’t there, or they have more questions and they want different type of documentation, they don't pay us either until they understand. We streamlined some of that stuff with the Clerk and the agencies, and we were able to move forward. I'm still waiting to see what the new issues are. And once we find those out on Monday, we're going to be with the Clerk, his staff, his auditor, our legal, his legal, and all of the Discover’s staff to see what the issues are. Even if I wanted to sign off on it, they don't work for me. The Clerk’s office is a separate body, and they are there to make sure that what the Board says we should be doing is what we're doing, and we have the appropriate documentation. Commissioner Sachs Would we be able to have a report after that meeting? Pesquera I want to mention that Verdenia is correct in terms that we are being managed or seen by the Clerk of Court exactly as a department of County government, but we are supposed to be private nonprofit organizations and as we look at our peers throughout the state of Florida who are also private non-profit organizations, not one of them has their expenses reviewed by the Clerk of the Court. We've done our homework, with our peers and not one of them has their expenses reviewed by the Clerk of the Court. That's the kind of thing that we're trying to get. Baker On Monday we're going to look at our existing contract and see what the issues are, the issues that are keeping them from doing their job according to the current contract, that's all we can talk to the Clerk about. Because the Clerk doesn't make decisions for the Board of County Commissioners. I think what we all need, to be really clear about, is what we're comparing ourselves to. Because when we talk about, Kissimmee, or Orlando it’s about four or five counties, if I am not mistaken, that makes up their DMO, is that not accurate? Who makes up the DMO that you're referring to? Because I know for Broward County, the CVB is an entity of the Board of County Commissioners and the Board of County Commissioners wrote language, passed by the legislature that allowed them to keep the finance portion of paying checks and auditing fall under the Board of County Commissioners. When the Board of County Commissioners went out a number of years ago to the voters, we lost that vote by a couple of thousand votes to have finance under the Board of County Commissioners. Our voters wanted those entities to be totally separate constitutional officers. And that is where it remains today. 21

I was there when we lost the million dollars through the other CVB with not enough internal control procedures in place, and they were audited by an outside entity, but that still occurred. Since then, we put other internal control procedures in place, and we've loosened some of those strengths as you well know and we're willing to look at this, but I can tell you, we're going to need to do a whole lot of different things. There is not one vendor that the County employs, that we just turn money over to and let them go do whatever they're going to do, and then audit them at the end of the year. That's not how we operate. And I don't believe that it's going to all of a sudden change, but I'm open to the discussion. I'm open to making sure that you can do what you need to do. But when you talk about, our structure is why we're ranked between fourth and eight, we also need to look at all of the other variables because the other variables include hotel rooms. We don't have anywhere near what Kissimmee has in number of hotel rooms. That's what puts them above. We don't have what some of the other entities have on the west coast when it comes to hotels. Pesquera These rankings are of a different nature. Baker I understand, but that's what you're using, and we need to make sure we're looking at the same categories. I'm open to discussion, but what we're going to talk to the Clerk of Courts about will not have anything to do with the structure of our relationships. We are going to talk about how we can improve, processing payments in a more expedient manner. Bronstien Are there issues with the other agencies? Linley I would say the cycle time, if there's any efficiencies that can be gained then we would be interested in joining the dialogue. Baker All of the agencies are welcome to the meeting. We just need to know what the issues are. But I can tell you from personal experience and other vendors that we have, if you submit the appropriate documentation or respond immediately when they're asking for something new. You'll get paid quickly. The Clerk has gone to direct deposit, that also helps with the turnaround time of vendors being paid. If you've got issues, call me, every one of you has my number. I don't mind calling the Clerk to check on things. If we've got the appropriate documentation to support the payment and the contract allows for it. Jergensen This is just an example of the errors from Discover that I must review and reapprove, this is just for this year so far. What you put in is what you get out. 22

Amidon This is a distraction. I would much rather see our bed tax dollars invested in marketing versus this language in this contract that is not holding them back from doing their job. This is a distraction not only for the agencies, the presidents, their boards, but also the employees of these agencies. Let's keep them focused on marketing the area. Motion made previously to approve the FY2023 Agency Contracts was made by Roger Amidon and seconded by Commissioner Adam Frankel. Motion carries 7-1-0 With Jim Mostad opposed and Seat 9 vacant. B.

ERM 1. Two Minute Update- Deb Drum

Julie Bishop is in the meeting on behalf of Deb Drum Bishop We are wrapping up the final beach protection projects, inlet maintenance, and dredging along the County's coast. That includes two maintenances dredging projects, Jupiter inlet and Lake Worth. In the waterway, we also have numerous restoration projects, we are creating eco islands off the City of West Palm Beach. We also offered the town of Palm Beach to build a resilience-based island to help protect their shoreline. The leatherback sea turtles are here in high numbers. They've hit the beach early; they are four to eight feet long, and our fishermen offshore are reporting seeing greater numbers than they ever have. They're nesting heavily in a 10 mile stretch between Palm Beach to Tequesta, which is our heaviest nesting area with 80 nests. Usually, we'd have under 20 at this time. We are going to put some public turtle walks on the calendar at the end of June. We're also completing our lighting surveys and working with all the coastal properties to bring them into compliance. You probably noticed that we had a wildfire in Juno in our natural area, that was well contained. We worked with Palm Beach County Fire Rescue and Florida Forest Service; this shows how our regular maintenance of doing prescribed burns works. C.

DISCOVER 1. Two Minutes Update – Jorge Pesquera

Pesquera Two of my colleagues, Mr. Nick Parks and Erika Constantine are going to talk to you about a great event that we did in New York that was very successful and more importantly than the event itself, is what the aftermath of the event, actually produced for Palm Beach County.

Parks We were fortunate to host an event in New York at Grand Central Station, March 2nd, we brought the golden age of travel into New York, which is our number one origination market. We wanted to do this in January, but because of COVID restrictions in New York, we had to push it early March. We wanted to bring the brand story of The Palm Beaches into New York to raise awareness of all the fantastic tourism experiences that we have here. We recreated a DC-9 from mid-century travel 1950s and rebuild it in Vanderbilt Hall in Grand Central Station. Why? To tell the story of what elegant, sophisticated travel used to be like when the original resort experience started right here in Palm Beach County with The Breakers and the Boca Raton specifically. With some important partners, The Boca Raton, Mr. Hostetler and the Hilton Palm Beach and Palm Beach International Airport. We hosted this event for all the traffic coming through Grand Central terminal for two days. The idea was as commuters were coming in at Grand Central Station, we wanted them to sit down, talk to our brand ambassadors and learn about all our different tourism experiences. We created a working arrivals board that showed actual arrivals and departures out of the three major New York airports, real time, sponsored by the PBI airport. We trained brand ambassadors, dressed in period costumes to talk about The Palm Beaches as they were coming in and out of the activation. The highlight was the night of March 3rd, held in the hall where we invited media, travel agency, social media influencers. Our partners from The Boca Raton, hosted a VIP event, where we talked about The Palm Beaches. We had 150 VIPs attend that event. Some of our board also attended. It was an exciting experience to see so many New York VIP's, especially from invited trade press. Pesquera We want to thank the Culture Council for their support of the event as well, they provided the music, and we were very grateful for that. Constantine This was a super Instagramable social event. We encouraged everyone to take photos, upload with our hashtag and we had a contest for eight winners that could win round trip tickets to The Palm Beaches. We had 158 tags just on public Instagram, not including, a ton of LinkedIn, Facebook, and some private account shares. We also had 28 social media influencers with a combined of 3.4 million followers. They experienced the event, shared it and as a result, we had eight additional influencers reach out who saw it and were so amazed, they want to come to the destination and experience it. We are getting ready to host two of them in destination, and we'll continue to reach out and have them here. This is a 360 approach, the activation was the core, but then we had geo-targeted digital, with the activation in the terminal, traditional units throughout the city, and as always, a 24

connected TV campaign. We really layered the marketing to hit New Yorkers at every touch point. Our geo-targeted displays were done in a one-mile radius from Grand Central Station. I had about 800,000 impressions. We had banners, we had signage, our PR and marketing teams pumped it out on social and email blasts. Then we took over Grand Central Terminal. We had every screen in the station plus on the subway screens coming in with our brand messaging, people walked into the terminal, they saw the activation, and got to know who The Palm Beaches are. This was up all throughout March. And we had these high impact units throughout the city. There were 31 million impressions. Dufresne What was the budget? Constantine It was about $200,000 Parks The activation was the heart of it. They weren't only seeing us in Grand Central Terminal, but you were seeing us on billboards. The whole idea here was to raise awareness of The Palm Beaches in the heart of the season to make us the top destination that they consider for winter travel. D.

SPORTS COMMISSION 1. The Ultimate Week of Sports- Michael Zeff

Zeff In 2020, our sports commission created something we called the Perfect Week of Sports. In February, all the agencies got together and collaborated on that campaign just before COVID to help highlight the week in 2020. In 2022 we rebranded the campaign as the Ultimate Week of Sports. And this highlighted The Palm Beaches as a premier winter sports destination. We've got a significant amount of buy-in not just from the other agencies, but also from the individual sports involved. The goal was to drive increased consideration for additional overnights. What is the Ultimate Week of Sports? It started February 19th with the Delray Beach Open, part of the ATP Tennis Tour. February 20th was the Gauntlet of Polo. February 23rd was a stop at the Winter Equestrian Festival. February 24th was the opening round of the Honda Classic PGA Tournament. And then February 26th was MLB Spring Training Opening Day. Now we were a little delayed on that this year.

And the idea is that you can come here for this one special week and experience five different professional sporting events and six if you go to Spring Training. There was a significant amount of marketing and PR, both digital and traditional that went into this campaign. There was a collaborative process which was kickstarted by purchasing the URL, the Ultimate Week of Sports, which was created and targeted to a landing page on The Palm Beaches website. Constantine Our most important tactics to get the word out about the Ultimate Week of Sports was earned media coverage. Our PR team set out and was proactively pitching the event to encourage travelers to come in and experience the week for themselves. We landed national coverage with Sports Illustrated reaching 708,000 unique visitors. We partnered with the Honda Classic media day. We sent them all the talking points and images to target all their journalists who would be in attendance. We did radio promotions in New York and Philadelphia. We gave away two trips to experience it for themselves. We got three national publications that we hosted during the Ultimate Week of Sports, Men's Journal, Cosmopolitan, and Town and Country. Amazing coverage came out of that, Town and Country listed 45 things to do in Palm Beach. That was an awesome article, highlighting all the different sports and all sorts of other activities in the destination. We had a drive market campaign that sports hosted with ESPN reaching almost a million impressions that ran during Super Bowl Sunday and for two weeks to ton of traffic going to ESPN.com and it was targeting Miami and Naples. There was a polo video that ended up going viral with a hundred thousand users, from polo. And we hosted seven influencers. We had @bosslady_alice attending polo, @eqstylist, and @goodgoodgolf in partnership with the Honda Classic. One of their videos had 1.3 million views. @fitgolfergirl was at the Honda Classic, @gabbypowell, her boyfriend, Adam was competing and she was live posting and tagging us. It was great exposure. And @lifestylebyMarco attended the Delray Beach Open. In all 1.5 million followers combined were reached with the Ultimate Week of Sports message. We had a whole digital content strategy across The Palm Beaches.com and Palm Beach Sports to highlight blog posts and all the different things to do during the week. This was done with support of our TDC partner the Cultural Council that put a great collateral piece together, highlighting the arts and culture events that took place during that week and this piece was distributed at all the events. The Palm Beaches TV sponsored a 15-minute show with Theo Dorsey from ESPN West Palm Beach. Parks It was a great week; this is a good example of the agencies coming together to promote the entire destination together as a group of agencies. 2. The Category “G” Grant Agreements* 26

MOTION TO APPROVE Grant a.

Amount

USSSA Basketball National Championships (June 30-July 4, 2022) – Palm Beach County Convention $35,000 Center - NEW Perfect Game 18U World Series / 16U Florida Elite Championship (July 8-14, 2022) – Roger Dean $33,000 Chevrolet Stadium, Ballpark of the Palm Beaches NEW USTA Girls 12’s National Clay Court Championships (July 10-17, 2022) – The Polo Club $5,000 of Boca Raton USTA Boys 18’s & 16’s National Clay Court Championships (July 10-17, 2022) – Delray Beach Tennis Center, Delray Swim & Racquet Club, $20,000 Broken Sound Club, Boca West, Hunter’s Run, Seven Bridges Tennis Center, Woodfield Country Club Prospect Select The Wave Invitational (July 15-19, 2022) – Ballpark of the Palm Beaches, Roger Dean $8,000 Chevrolet Stadium Perfect Game World Wood Bat Association (WWBA) Florida Invitationals (July 20-28, 2022) – $9,500 Roger Dean Chevrolet Stadium, Ballpark of the Palm Beaches - NEW Perfect Game 13U National Showcase / 14U National Showcase (July 23-31, 2022) – Roger $8,500 Dean Chevrolet Stadium, Ballpark of the Palm Beaches - NEW TOTAL $119,000

Room Nights 1,800

2,820

500

2,500

840

798

756 10,014

Motion to approve The Category “G” Gran Agreement 6.D – 2.a. – g. was approved by Roger Amidon and seconded by Don Dufresne. Motion carried 8-0 with Seat 9 vacant. 3. Two Minutes Update – George Linley Linley April is going to be one heck of a month. We are hosting a variety of events, generating nearly 20,000 room nights. We're going to end the month of April hosting, two international events, the International Tennis Federation, Senior World Championships, and then a Super Senior World Championship over a two-week span and will be spread out County wide. E.

CULTURAL COUNCIL 1. Economic Impact of COVID-19 on Cultural Organizations* 2. Two Minutes Update - Dave Lawrence

Lawrence I'm going to start with the economic impact of COVID-19. Every two years, the Cultural Council through the TDC does an audience intercept survey to get audience spending data and information on cultural audiences. Clearly during the pandemic, we were not able to do that. So, instead, we worked with our research partner, Sorelle Phillips to develop a tool using already collected data to look at the economic impact of COVID 19. There was a $360 million loss to cultural organizations over that two-year period. More than 11,000 jobs lost with an 80% decrease in compensation across the board resulting in a $13 million loss in local government revenue and a $29 million loss in state government revenue from these dollars that are usually spent. In contrast, economic activity in Palm Beach County generates $633 million every single year through arts and culture. This was an enormous loss. I'm happy to say that the organizations are recovering, and this information will be important for them. We continue advocacy efforts to rebuild those dollars lost during that time. We're sharing this with elected officials and key business and community leaders to make sure that everyone understands the true impact of culture. Mosaic is coming in May, a Month Of Shows, Art Ideas and Culture (MOSAIC). We've got an influencer event on April 29th at SunFest that will really kick off all the activities, there are 20 cultural partners, that are participating. Discover has been a great partner helping us find some hotel partners. This is a shoulder season activation, trying to make sure that we're keeping folks attending and activating through the arts. In Art and Culture Magazine we've now added a restaurant section highlighting those that are black, and minority owned and operated. We continue to look at equity and inclusion. Black owned and minority owned businesses, especially restaurants that are highlighted in that section. And finally, we've just completed the first step of our cultural sector needs assessment, we're going to get that data in the next few weeks. For the next phase, we're getting input from artists and cultural organizations to find how we can be more effective and support the efforts that they're doing. F.

FILM & TV 1. Two Minutes Update- Chuck Elderd

Elderd I want to thank you all for the five-year contract on behalf of the Film Commission. We have exceeded 1 million viewers for The Palm Beaches TV, Facebook weekly watch parties. PBTV started on January 9, 2020, with 80 episodes. We are now in season eight. We want to thank the Clerk, Verdenia, the Chair, the sponsorship committee, and the TDC since the Film Commission was created, we have never failed to have an approved payment on any of the 60 hours of our TV shows on our Palm Beaches TV, a remarkable achievement for a brand-new program.

The Ultimate Week of Sports made our lead story in the newsletter, it is amazing what all of the agencies do together, but sports does bring it home when it comes to entertainment and the TV channel is going to reflect all of these events. In fact, I just saw yesterday, the final edit of the Honda All Access 2022, it will be a half hour show and is bigger and better than ever. Travels and Traditions with Bert Wolf completed another show called “Teach Me Something New.” Black Voices II and LGBTQ aired in March on South Florida PBS and is available on The Palm Beaches TV. Our south Florida PBS relationship continues. The Passport to The Palm Beaches sent me a segment on Pride Fest in Lake Worth Beach and compliments to Discover for their overwhelming participation in this event. Thank you, Dave Anderson, for accommodating the little Minx Gatorade commercial with Serena Williams, it couldn't have happened without you. And there is a natural phenomenon in the world of nature, an FAU shark researcher is doing catch tag and release sharks on the annual black tip shark migration. Hillary We wanted to reiterate our invitation to you all to attend this year’s Student Showcase of Films. It's our 27th annual. It is a free event, and this is supported through a second contract that we have through Economic Sustainability. I want to thank the Board of County Commissioners and Verdenia Baker. This is our signature educational program. We've given over $1.6 million in scholarships and awards to our schools here in Palm Beach County. This for us is our way of give back and trying to keep our students highly skilled and to have jobs here in Palm Beach County. If any of you are looking for some talented kids, this is our next group of talented filmmakers, writers, and graphic designers. G.

CONVENTION CENTER RECOVERY UPDATE* - Dave Anderson

Convention Center Recovery Update will be move to May 2022. H.

CONVENTION CENTER 1. Spectra Venue Management a. Two Minute Update- Dave Anderson

Anderson For the Convention Center things are very intense and in a very good way. We came with a fabulous February and March was a good month. We wrapped up our third art show for the season. We negotiated with them and brought them into our building. The owner of that art show owns the boat show. We suggested to do the art show at the same week as the boat show. Typically, it's a slow week for us. We did that and the art show was very well attended with a lot of international dealers, it was a great run that could be a permanent one. It would be fantastic to do art show January, art show February and art show March. 29

We have business short-term and long-term. Short-term right now is defined as tomorrow. We're getting calls asking if we have space for tomorrow, or three days from now? We had a call from a production company wanting to do a Gatorade commercial with Serena Williams at the last minute while we were loading in a home show. The commercial wanted to close the entire entry. They wanted the entire entry closed to shoot her commercial, but it was the morning of the home show opening. We talked to the home show, they agreed to route all the patrons around the box office through a side door, and we brought the production in. They brought her in, did the shoot, they shot her downstairs in our parking garage because the scene is her backstage walking out to the court. We did it literally within four days’ notice. Thanks to the Film Commission, and my team, it was just an amazing thing and also, our clients for adjusting with us. April, we just completed with one of the Americas largest conferences for duty free managers and owners in the world, 52% of the attendees were international for this event. And we have it for three years. They did the reception in the sky room for two nights in a row. The Europeans just loved it. Group business is starting to come back. The attendance numbers for groups is down a little bit, but the groups are still coming. Microbiology comes in about two weeks, a Hurricane Conference is back after a two-year absence. We have one open day in May and now June and July and August are starting to fill up as well. The only thing we are all talking about is staffing. We are down 75%. We're trying to actually bring in as many people as we can, the clients are happy, and things are going in the right direction. 2.

Spectra Hospitality a. Two Minute Update- Kathy Griffin

Griffin I want to introduce a couple of people, Lassaad Riahi is going to replace me as General Manager and we have Leanna Huff joining us, she is the executive vice president for OVG for Strategy and Development. We've continued our involvement with Inlet Grove working with the students, and we've increased our scholarships that we're providing to the students. They are going to be getting an extra 50% on the scholarship level this year, and then it'll be doubling for 2023. Chef Greg is coordinating a Top Chef type challenge for the students. We haven't decided if it will be done at the Convention Center or at the school where the students will create a meal and, their parents will be invited. We've been going through a hiring blitz, we have our challenges, but we're doing well. We have hired a Director of Catering Sales that will be starting soon along with about a dozen positions for servers, banquet, captains, bartenders, etc. I want to say thanks to Verdenia and Glenn, and everybody else for just being so gracious, it has been a wonderful experience here.

Anderson I wanted to personally thank Kathy, she came in January going right into the season and she has spent a ton of hours at the building and whenever I'm in, whenever I'm leaving, she's always there and she's done an amazing job. 7.

BOARD COMMENTS Amidon The vice president of Legislative Affairs for the Florida Restaurant Lodging Association held a meeting at the Jupiter Beach Resort, Don Dufresne, me, Jodi Cross and many hoteliers attended. Pesquera There was a celebration of Global Meetings Industry Day. Cavers Thank you to everyone, the Global Meetings Industry Day was held at the Pelican Club, and we had over 120 attendees. Customers nationally flew in, we had PCMA, MPI. ASAE come in to celebrate. We had speakers from FPNL, Garden of Life and 4oceans all discussing sustainability and what we can do as an Industry.

PUBLIC COMMENTS Hillery I want to mention that for those of us who have been watching what's going on with the Maltz Jupiter Theater and their multi-million-dollar renovation, The Maltz is our is new host location for the Student Showcase

ADJOURNMENT

Meeting adjourned at 11:28 A. M. Next Board Meeting will be on May 12, 2022. *Attachment included.

4. CONSENT ITEMS

TO:

Glenn Jergensen, Executive Director - TDC

FROM:

Jorge Pesquera, President/CEO

DATE:

April 29, 2022

RE:

Discover The Palm Beaches Monthly Activity Report April 2022

The following is a summary of DTPB activities in support of TDC Performance measures for the month of April 2022. This report demonstrates trends relative to owned visitor digital footprint, advertising impressions, social media engagement, and booked room nights for the Month of April. March Hotel Performance 

 

The number of room nights sold was 471,000, selling 12.8% more than 2021, 3.7% more than 2019  The Palm Beaches had 3.9% share of room nights sold in Florida, the same share as in 2019  Market share stayed the same due to Orlando selling less 3.2% less room than in 2019  Market share less Orlando was 5.4% in 2022 vs. 5.6% in 2019  93,505 group room nights were sold up 136% from 2021, 82% of 2019 levels  Group accounted for 20% of total room nights sold Occupancy ended the month at 82.4% up 11.4% from 2021, down 4.3% from 2019 The average daily rate (ADR) was $358 up 39% from 2021, up 32% from 2019  Transient ADR was $382 up 45% and Group ADR was $307 up 22% from 2021 RevPAR was $295, +54% from 2021, up 26% from 2019 Room night revenue was up 56% from 2021, generating $168 million, up 36% from 2019

4-A

March Shared Lodging Performance      

Total listings on the shared lodging platforms was 4,472 with 9,748 rooms Demand was up 58% from 2021, up 22% from 2019, selling 150,000 room nights in 2022 Occupancy was 76.1%, up 1.7% 2021, unchanged from 2019 ADR was $404 up 33% from 2021  $186 (per room equivalent) Overall revenue was up 103% from 2021, generating $28 million Future bookings are pacing up 22% in April, 21% in May and 12% in Jun compared to 2021

March Total Lodging Performance   

Total lodging room nights sold was 620,000 up 22% from 2021, up 8% from 2019 Total lodging room night revenue was $196 million up 62% from 2021, up 42% from 2019 Bed tax revenue is projected to be over $11 million

March CYTD Performance 



Occupancy  Hotels 76.3% up 21% from 2021 and down 8% from 2019  Shared lodging 73% up 3.2% from 2021 and up 4% from 2019  Total 75.9% up 19% from 2021 and down 7% from 2019 ADR  Hotels $333 up 46% form 2021 and up 30% from 2019  Shared lodging $392 up 37% from 2021 and up 54% from 2019  Total $340 up 45% from 2021 and up 33% from 2019 Room Nights Sold  Hotels 1.27 up 23% from 2021, -0.3% from 2019  Shared lodging 375,000 up 64% from 2021 and up 23% from 2019  Total 1.64 M up 31% from 2021 and up 4% from 2019 Room Night Revenue  Hotels $420 million up 79% from 2021 and up 30% from 2019  Shared lodging $68.5 million up 115% from 2021 and up 91% from 2019  Total $489 million up 84% from 2021 and up 36% from 2019

TABLE OF CONTENTS

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Table of Contents Page

Performance Measures....................................................................................................................4 Marketing Adver sing/Paid Media ...................................................................................................................5 Owned Views Digital Footprint .......................................................................................................5 Consumer & Travel Industry Database ............................................................................................6 Public Rela ons - Earned Media Impressions..................................................................................6 Public Rela ons - Social Media Engagement.................................................................................10 Group Sales Booked Room nights Hotel Lead program.....................................................................................12 Group Level Booked Room Nights (CC Shared) .............................................................................12 Citywide Actualized FY Room Nights for Conven on Center (Shared) .........................................13 Des na on Review ........................................................................................................................13 Site Par cipa on............................................................................................................................14 Research Reports ......................................................................................................................15 Data Dictionary ...............................................................................................................................19

Performance Measures - TDC FISCAL YEAR 2020 - 2021 PERFORMANCE MEASURES

Advertising Impressions Owned Views Digital Footprint

Target

Year End Target

Actual

400,000,000 915,833,831 600,000,000

Current Month APRIL

% of Annual Target

YTD

96,432,388

544,278,784

90.7%

46.2%

11,000,000

19,384,883

18,000,000

1,313,543

8,312,562

400,000

405,353

405,000

629

411,728

150,000,000 519,345,123 200,000,000

12,365,169

124,843,052

Consumer & Travel Industry Database increase Earned Media Impressions

FISCAL YEAR 2021 - 2022

101.7%

62.4%

1,200,000

6,069,010

1,400,000

689,413

5,714,243

Booked Room Nights - Hotel lead Program

90,000

81,381

90,000

11,647

71,106

79.0%

Group Level Booked Room Nights (CC Shared)

30,000

40,834

40,000

1,763

27,528

68.8%

Group Level Actual FY Room Nights for CC Shared

20,000

18,657

30,000

797

11,030

36.8%

Destination Reviews

107.1%

Destination Site Participation

60.0%

Social Engagement

D T P B OBJECTIVES

2021-2022

Leisure /Consumer – Increase Consumer and Travel Industry database to 405,000 –

Generate 18,000,000 in Owned Views Digital Footprint

–

Generate 1,400,000 Social Engagements

–

Generate 600,000,000 Adver sing Impressions

–

Generate 200,000,000 Earned Media Impressions

Mee ngs & Conven ons – Book 100,000 DTPB only room nights (Hotel Mee ngs Leads) –

Generate 40,000 Group Level Booked Room Nights Conven on Center Shared

–

Generate 30,000 Group Level Actual FY Room Night for Conven on Center Shared

–

Generate 70 par cipants in Des na on Reviews

–

Generate 90 Des na on Site Par cipants

408.2%

Advertising/Paid Media Impressions FY

April

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TDC Performance Measure Chart



Month / Month

Percentage of Target Achieved - FY 2022

FYTD

100,000,000

600,000,000

90.6%

2021

400,000,000

96,036,509

38,908,219

50,000,000

200,000,000

2022

96,096,607

150,632,350

50,000,000

167,678,566 376,264,437

38,908,219 38,774,887

% of Annual Target Achieved

543,943,003

460,843,953

400,000,000

Year End Target

2022

611,476,303

600,000,000

89,834,120

%of Target

2021

Digital and Traditional Impressions - FYTD

Digital and Traditional Impressions - Month/Month 100,000,000

611,476,303



543,664,507

Month

200,000,000

Year End Target

90.6%

600M

2022

Digital Impressions

2021

YTD Digital Impressions

Traditional Impressions

2022

YTD Traditional Impressions

Owned Views Digital Footprint Month

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April

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Advertising/Paid Media Impressions



Month / Month

Percentage of Target Achieved - FY 2022

FYTD 14,000,000

2,500,000

12,000,000 2,000,000

10,000,000

%of Target

Year End Target

% of Goal Achieved YTD

Year End Target

46.2%

18M

1,313,543

1,000,000

500,000

2021

2022

8,000,000

13,166,460

2,410,844

1,500,000

6,000,000

8,312,562

46.2%

4,000,000

2,000,000

2021

2022

Consumer & Travel Industry Database Month April

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Advertising/Paid Media Impressions

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Percentage of Target Achieved - FY 2022

Sum of Target and YTD by Month Sum of Target

Month

101.7%

%of Target



YTD

405,000

April

411,728

Year end Target

Percentage of Target Achieved

Year End Target

101.7%

405K

0.0M

0.1M

0.2M

0.3M

0.4M

Sum of Target and YTD

Earned Media Impressions - Public Relations Month



April

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Advertising/Paid Media Impressions

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Percentage of Target Achieved - FY 2022



Month/Month

FYTD 250,000,000

100,000,000

200,000,000

%of Target

Year End Target

Percentage of Target Achieved

Year End Target

62.4%

200M

12,365,169

40,000,000

20,000,000

150,000,000

100,000,000

124,843,052

60,000,000

246,482,041

105,142,028

80,000,000

62.4%

50,000,000

2021

2022

2021

2022

The Palm Beaches looks stunning in the highly visual spread on Elle.com resulting from a recent media mission appointment and visit. The destination and several partners are featured on the popular women's magazine's site reaching an estimated 15 million potential travelers. Other national coverage includes an article on TravelPulse asking readers not to "Overlook Queer Palm Beach," supporting our DEI efforts to influence this segment and putting The Palm Beaches on the LGBTQ+ travel map. Further, Barron's Penta magazine, the ultimate luxury lifestyle publication, featured The Palm Beaches in an article as a result of the NYC media mixer in November. It reaches that all-important high net worth traveler, highlighting everything from the expanding foodie culture and luxurious accommodations to unique experiences. Lastly, family activities and lodging are highlighted on WhereverFamily just in time for summer travel. Enjoy! The PR Team

Family Travel National

Article: Family Getaway to The Palm Beaches, Florida

Article: Elle Escapes: Palm Beach

Outlet/Publication: WhereeverFamily (150,000+ UMV)

Outlet: Elle.com (15 million+ UMV)

Why is this a win? As a result of our summer preview press

Why is this a win? National, digital coverage was secured for The Palm Beaches, stemming from a media mission appointment and visit to the destination. The feature is a beautifully curated guide of the best places to visit, and of course, shop, eat, drink, and sleep in The Palm Beaches. While the editor's caveat was

release and media outreach efforts, coverage was secured in this outlet providing need-to-know information on trip planning for families. The article highlights exactly why The Palm Beaches is the perfect getaway for families by giving readers a taste of kidfriendly accommodations, dining options and can’t miss activities.

focusing on one area (i.e. Palm Beach), she does a wonderful job highlighting nearly 15 partners, aligning impeccably with her reader's interests.

LGBTQ+ Article: Don’t Overlook Queer Palm Beach Outlets: TravelPulse (800,000+ UMV) & WPTV.com (847,000 UMV) Why is this a win? Resulting from a recent media visit surrounding the International Gay Polo Tournament, the article supports our DEI efforts and aims to influence one of our priority visitor segments, putting The Palm Beaches on the LGBTQ+ travel map. This personal account showcases must-visit LGBTQ+-owned/friendly restaurants, such as Kapow! and Almond, and includes “must-do” activities like the weekly drag shows at Hullabaloo and annual events like Palm Beach Pride + the International Gay Polo Tournament, among others. Also increasing awareness of our destination’s welcoming offerings, the team secured inclusion in WPTV’s coverage surrounding the recent LGBTQ+ policy issues in Florida and the New Broward County tourism campaign, ‘we are welcoming everyone’. The article highlights the new campaign and includes a quote from DTPB’s Nick Parks lending support to the importance of diversity for The Palm Beaches, and our plans to increase awareness of our welcoming destination.

Luxury Article: Great Escapes: A Whole New Vibe in Palm Beach, Florida Outlet: Barron’s PENTA (7 million+ UMV) Why is this a win? We’re excited to share coverage within the digital pages of this national luxury lifestyle publication, delivering trusted advice for families with assets of $5 million and above. The destination-focused feature stemmed from the November NYC media mixer and subsequent media stay with the author. The article does a fantastic job of reaching the “Rest & Resort-ation” audience segment, highlighting everything from the expanding foodie culture and luxurious accommodations to unique experiences that await travelers in The Palm Beaches.

Social Media – April 2022 Recap •

Our combined social media following is now 577k!!!!

•

We had 20 million impressions in April!

•

Most viewed Instagram video is this video from our partnership with lifestyle influencer @linalunamar. She enjoyed the sunset catamaran tour with our partner @visitpalmbeach

•

Best performing Instagram and Facebook posts: o Beautiful drone shot by @lauder_dude, 568k impressions on ig + 401k on fb o Jupiter Lighthouse by @jackbatesphotography, 332k on ig + 295k on fb o Kite surfers by @carrilagerphotography, 264k on ig + 267k on fb

•

Best performing LinkedIn posts o GMID post, record 37% Engagement Rate! o Top Easter Celebrations blog post

•

We hosted 11 influencers this month: o Wheelchair travel expert and influencer @curbfreecorylee was hosted in partnership with Visit Florida. He posted from Mounts Botanical Garden, Worth Avenue, Jupiter beaches and Lion Country Safari. We love this video about 7 Wheelchair Accessible Things To Do In The Palm Beaches! o Food and lifestyle influencers were at Swank Farms Vetu de Blanc event. See the beautiful posts from this “all white” event here; @vanessarosetilley, @julesaron, @southflavorfoodie o We hosted 7 influencers at Sunfest. Here are some of the posts that were made during Sunfest: Miss Florida Brittany Oldehoff posted both on her instagram and tiktok, @uptoclaudia, @lifeonabanjo, Miss Zambia @bosslady_alice, @livfigueroa o Sarah Atoms visited @ann_norton_sculpture_gardens and Peanut Island with our kayaking partner @2getwet

•

Our top performing blog post is Events Roundup What Do This April In The Palm Beaches

•

We created these new folders in our IMAGE BANK o GMID o Sunfest o Murals (please credit the names mentioned) o Raleigh Chamber Lunch o The Boca Raton, new photos added including their spa area o Swank Farms

COMING UP NEXT: • May 6-8: We’re hosting Taste and See Tampa Bay’s reporter, influencer @ZackRPerry at Hilton West Palm Beach • May 6-8: My business partner Jason and I will be covering cool, fun activities on our page @roamflorida as we accompany Zack Perry • May 10-12: We’re hosting @the_essentialist_ at The Ray • MOSAIC will be covered every week on our social pages during May

Beril Gutierrez Director, Social Media and Content bgutierrez@thepalmbeaches.com | ThePalmBeaches.com

Social Media Engagement FY



April

Multiple selections

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Month/Month

Percentage of Target Achieved - FY 2022

408.2%

Advertising/Paid Media Impressions



FYTD 6,000,000

700,000

5,000,000

600,000

500,000

657,304

400,000

300,000

689,413

4,000,000

5,714,243

Month

3,000,000

2,000,000

%of Target

Year End Target

1,000,000

100,000

Percentage of Target Achieved

Year End Target

408.2%

1,400K

2021

Marketing Overview by Month FY 2020 - 2021

2022

Advertising/Paid Media Impressions

165M

1.5M

47M

50M 0M

72M 42M

Current Month

96M 59M

November

December

January

1.49M

February

March

December

January

February

March

12M

11M

April

1,963K

2,000K

10M

November

Social Media- FY2021-2022

24M

19M

12M

1,500K

871K

1,000K 500K

308K

567K

546K

771K

689K

0M October

November

December

January

1.31M

0.81M

October

Current Month

20M

1.12M

1.17M

0.5M

April

38M

30M

1.41M

1.00M

1.0M

Earned Media Impressions - FY2021-2022 40M



0.0M

Month October

2022

Owned Views Digital Footprint - FY2021-2022

150M

61M

2021

Report Navigation

Advertising Impressions - FY2021-2022

100M

2,190,642

200,000

February

March

April

October

November

December

January

February

March

April

Booked Room Nights - Hotel Lead Program Month



April

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TDC Performance Measure Chart



Percentage of Target Achieved - FY 2022



Month/Month 12,000

FYTD 70,000

79.0% 10,000

60,000

40,000

30,000

52,334

11,647

11,888

6,000

4,000

%of Target

20,000

Year End Targe

Percentage of Target Achieved

Year End Target

79.0%

90K

2,000

71,106

50,000

8,000

10,000

2021

2022

2021

2022

Group Level Booked Room Nights (CC Shared) Month



April



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Report Navigation Booked Room Nights - Hotel Lead Progra…



Percentage of Target Achieved - FY 2022

Month/Month

FYTD 30,000

25,000

2,000

68.8%

20,000

%of Target

500

Year End Target

Percentage of Target Achieved

Year End Target

68.8%

40K

10,000

27,528

5,000

18,574

1,000

15,000

1,763

2,280

1,500

2021

2022

2021

2022

Citywide Actualized FY Room Nights (CC Shared) Month



April

Multiple selections

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Advertising/Paid Media Impressions



Percentage of Target Achieved - FY 2022



FYTD

Month/Month 800 10,000

600

5,830

%of Target

6,000

4,000

522

400

11,030

797

34.5%

8,000

200

Year End Target

2,000

Percentage of Target Achieved

Year End Target

34.5%

32K

2021

2022

2021

2022

Destination Reviews Month



April

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

Advertising/Paid Media Impressions



Percentage of Target Achieved - FY 2022



Month/Month

FYTD 80

107.1% 50

%of Target

Year End Target

Percentage of Target Achieved

Year End Target

107.1%

20 20

2021

2022

2021

2022

Site Participation Month



April

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Advertising/Paid Media Impressions



Percentage of Target Achieved - FY 2022

Month/Month

FYTD

60.0%

Year End Target

Percentage of Target Achieved

Year End Target

60.0%

2021

2022

TDC Performance Measure Chart

Booked Room Nights - Hotel Lead Program- FY2021-2022

7,910 5,667

Current Month

11,647

2022



10K

9,723 6,127

2021

Group Level Booked Room Nights (CC Shared) - FY2021-2022

15,205

14,827

Report Navigation

Group Sales & Destination Services Overview by Month FY 2020 - 2021

10K

15K

%of Target



9,417

6,435

3,888 2,773

2,158

1,763

1,094

0K October

November

December

January

February

March

April

October

Citywide Actualized FY Room Nights (CC Shared) - FY2021-2022

Current Month

February

March

April

2,862

2K 927

910

797

226

182

November

January

October

December

Destination Reviews & Site Participation FY2021-2022

5,126

November

December

January

February

March

April

40 20

15 6

17 7

0 October

November

December

January

February

March

April

The Palm Beaches Hotel Performance - March

Power BI Desktop Navigation (select page and click go)

Market

The Palm Beaches

Shared Lodging Monthly



Hotel Occupancy 80%

82.4%

$400

$300

60%

11.4% 2021

2022

38.7% 2021

54.4%

2021

2022

Hotel Room Revenue 471K

413K

$168.4M $150M

% Chg '21 to '22

$106.8M $100M

12.8%

0.2M

% Chg '21 to '22

56.4%

$50M

% Chg '21 to '22

$100

2022

1.3%

10K

$191

Hotel Room Nights Sold

0.4M

% Chg '21 to '22

$295

$300

$200

% Chg '21 to '22

18,419

18,000

15K

$259

$100

Hotel Rooms 20K

Hotel RevPAR $358

$200

% Chg '21 to '22

20%



Hotel ADR

74.0%

40%



2021

2022

0.0M

2021

2022

$0M

2021

2022

*Source: STR, INC. REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE EXPRESS WRITTEN PERMISSION OF STR IS STRICTLY PROHIBITED.

Research compiled and published by Discover The Palm Beaches (DTPB), can only be reproduced through expressed written approval from the DTPB Research Department. For questions please contact research@thepalmbeaches.com.

The Palm Beaches Shared Lodging Performance - March Navigation (select page and click go)

Hotel Monthly



Shared Lodging Occupancy 80%

Power BI Desktop



76.1%

74.8%

$404

$400

60%

$300

40%

% Chg '21 to '22

20%

1.7%

9,748

6,976

2021

100K

150K

95K

3,306

% Chg '21 to '22

34.8%

2021

2022

Shared Lodging Room Revenue $30M

$27.9M

% Chg '21 to '22

$20M

57.7%

$13.7M

103.3%

$10M

50K

2022

% Chg '21 to '22

$100

2022

150K

4,472

2021

$200

32.6%

Sum of Shared Lodging Rooms

10K

% Chg '21 to '22

Shared Lodging Room Nights Sold

Listings / Rooms

$228

$100

2022

$307

$300

$304

$200

2021

Sum of Shared Lodging Listings

Shared Lodging RevPAR

Shared Lodging ADR

2021

2022

$0M

2021

*Source: Airdna. REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE EXPRESS WRITTEN PERMISSION OF Airdna IS STRICTLY PROHIBITED.

2022

The Palm Beaches Total Lodging Performance - March Navigation (select page and click go)

Hotel Monthly





Total Lodging Occupancy 80%

81.6%

$400

$300

40%

% Chg '21 to '22

$200

20%

9.4%

$100

2021

2022

28,167 24,976

$263

$200

38.3%

% Chg '21 to '22

2021

2022

10K

2022

2021

2022

Total Lodging Room Revenue $196.3M

$200M $150M

21.5%

$121.2M % Chg '21 to '22

$100M

0.2M

2021

511K

0.4M

12.8%

51.3%

$100

% Chg '21 to '22

20K

% Chg '21 to '22

$196

% Chg '21 to '22

620K

0.6M

$297

$300

Total Lodging Room Nights Sold

Hotel Rooms + Shared Listings

$364

74.5%

30K

Total Lodging RevPAR

Total Lodging ADR

60%

Power BI Desktop

62.0%

$50M

0.0M

2021

2022

$0M

2021

2022

*Source: STR, INC.and Airdna REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE EXPRESS WRITTEN PERMISSION OF STR IS STRICTLY PROHIBITED.

The Palm Beaches Hotel Performance - March CYTD Market

Hotel Monthly



Hotel Occupancy

60%

$200

21.2% 2021

2022

45.9% 2021

1.3%

2021

2022

$0.3bn

2021

$234.5M

$0.2bn

22.8%

0.5M

0.0M

$420.5M $0.4bn

% Chg '21 to '22

2022

Hotel Room Revenue

1,026K

2021

76.8%

1,265K 1.0M

% Chg '21 to '22

$100

2022

18,419

18,000

$145

Hotel Room Nights Sold

Hotel Rooms

$200

% Chg '21 to '22

$100

20%

10K

$254

$333

$229

% Chg '21 to '22

15K

Hotel RevPAR

$300

62.9%

40%





Hotel ADR 76.3%

80%

20K

Navigation (select page and click go)



The Palm Beaches

Power BI Desktop

% Chg '21 to '22

79.1%

$0.1bn

2022

$0.0bn

2021

*Source: STR, INC. REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE EXPRESS WRITTEN PERMISSION OF STR IS STRICTLY PROHIBITED.

2022

Power BI Desktop The Palm Beaches Shared Lodging Performance - March CYTD Navigation (select page and click go)

Hotel Monthly





Shared Lodging Occupancy 80%

73.1%

70.8%

60%

% Chg '21 to '22

3.2%

20%

2021

$100

36.6%

2021

2022

Shared Lodging Room Revenue $68.5M

375K $60M

228K % Chg '21 to '22

0.2M

% Chg '21 to '22

61.3%

0.1M

64.4%

2022

Shared Lodging Room Nights Sold

0.3M

2021

40.9%

$100

2022

0.4M

$203 % Chg '21 to '22

0.3M

0.2M

0.0M

2021

$286

$300

$200

% Chg '21 to '22

Shared Lodging Rooms

0.4M

$287

$200

2022

0.5M

$392

$400 $300

40%

Shared Lodging RevPAR

Shared Lodging ADR

0.0M

2021

$40M

$31.9M

115.0%

$20M

2022

$0M

% Chg '21 to '22

2021

2022

*Source: Airdna. REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE EXPRESS WRITTEN PERMISSION OF Airdna IS STRICTLY PROHIBITED.

Power BI Desktop The Palm Beaches Total Lodging Performance - March CYTD Navigation (select page and click go)

Hotel Monthly





Total Lodging Occupancy 80%

75.9% 64.0%

$234

20%

% Chg '21 to '22

$200

18.6%

$100

2021

2022

$200

% Chg '21 to '22

45.0% 2021

% Chg '21 to '22

1.0M

12.1%

0.5M 0.0M

2021

2022

2021

2022

Total Lodging Room Revenue $488.9M

1,640K 1.5M

1.5M

% Chg '21 to '22

72.0%

$100

2022

2.2M 2.0M

$150

Total Lodging Room Nights Sold

Total Lodging Room Nights 1.9M

$258

$340 $300

60%

40%

Total Lodging RevPAR

Total Lodging ADR

$0.4bn

1,254K

1.0M

% Chg '21 to '22

0.5M

30.7%

0.0M

2021

% Chg '21 to '22

$266.3M $0.2bn

2022

$0.0bn

83.6%

2021

*Source: STR & Airdna. REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE EXPRESS WRITTEN PERMISSION OF Airdna IS STRICTLY PROHIBITED.

2022

– ‘Ben’

– –

–

DATA DICTIONARY Term

Definition

Actualized Room Nights

Room night pickup from contracted groups, under the contract block, receiving incentive dollars

Advertising Impressions

Impressions refer to the amount of views an ad receives by consumers.

Average Daily Rate (ADR)

Room revenue divided by rooms sold, displayed as the average rental rate for a single room.

Booked Room Nights

The number of room nights contracted by DTPB between a meeting planner and a hotel.

Consumer & Travel Industry Represents number of contacts in the DTPB electronic database Database as of a certain date. Includes: consumers, meeting planners, travel agents, tour/receptive operators, partners, members, vendors. Destination Review An invited Group of targeted and qualified, Meeting/Convention Professionals or Travel Trade Travel Influencers who have expressed interest and delivered an RFP for our consideration, and are brought to the destination to experience Palm Beaches visitation assets pertinent to theirs or their clients goals and interests, with the intent to influence their meetings and travel decisions to our Destination. Digital Media Online advertising such as web banners, mobile, email, social media, search, etc. DTPB

Discover The Palm Beaches

Earned Media Impressions

Publicity gained through promotional efforts other than paid media advertising, which refers to publicity gained through advertising, Impressions refer to the amount of views an ad receives by consumers.

Fiscal Year (October 1 to September 30)

FYTD

Fiscal Year-to-Date. Measures are calculated using the sum of the values from October 1 of the given fiscal year.

Groups Services

Groups that DTPB has serviced and that are travelling in the month Rooms sold divided by rooms available multiplied by 100. Occupancy is always expressed as a percentage of rooms

Occupancy (Occ) Paid Media

Advertising and media coverage that has been payed to be distributed

Paid Website Traffic

Marketing initiatives, such as pay-per-click (PPC) advertising, which focuses on driving traffic to a website

Percent Change

Amount of growth - up, flat, or down - this period versus same period last year (month or year-to-date). Calculated as

DATA DICTIONARY Term

Definition

RevPAR Room revenue divided by rooms available. (Revenue Per Available Room) Rooms Sold

The number of rooms nights sold or rented (excludes complimentary rooms).

Sessions (formerly visitors)

Total number of visits to the DTPB website and micro-sites (one individual may visit www.ThePalmBeaches.com 3 times which would result in 3 sessions).

Site Participation

Personalized and customized Individual visits to the Destination by either Meeting/Convention or Travel Trade planning professionals brought to the Palm Beaches to experience Palm Beaches visitation assets pertinent to theirs or their clients goals and interests, with the intent to influence their meetings and travel decisions to our Destination.

Social Media Engagement

Actions from fans/followers of DTPB through sharing, commenting, tweeting, pinning, liking, and watch content on DTPB social media outlets.

Traditional Media

Traditional media includes: Print, Broadcast (Radio/ Television), Out-of-Home (Billboards, Public Transit, etc.)

Twelve Month Moving Average Calculated using the sum of the values of the given month and of the preceding eleven months.

Unique Users/Visitors

Represents the number of individuals (now called also: new users) to the DTPB website and micro-sites (one individual may visit www.ThePalmBeaches.com 3 times which would result in 1 unique visitor).

YOY

Year over Year A method of evaluating two or more measured events to compare the results at one time period with those from another time period (or series of time periods), on an annualized basis.

April 2022 PERFORMANCE DASHBOARD FY 2021 Performance Indicator

Goal

PR Impressions

FY 2022 Actual

2,400,000,000 3,923,622,793

Website Sessions

FY Goal 1,400,000,000

Current Month

% to Goal

FYTD

4,008,565,390 7,880,168,346

563%

580,000

764,316

600,000

70,668

446,886

74%

Social Media Followers (Total)

37,500

40,337

38,000

45,327

119%1

Tourism Email Subscribers

32,000

33,932

34,000

39,878

117%1

Cultural Concierge Program Leads

1,000

1,072

850

109

695

82%

Visitors to the Cultural Council

6,000

3,337

8,000

585

3,362

42%

40,000

60,341

52,000

7,823

44,752

86%

58%

Partner Referrals Co-op Packages

Bolded items indicate TDC-designated performance indicators for FY22 1

The Cultural Council started FY22 above goal on these aggregate performance measures (which were conservatively estimated mid-fiscal FY21) due to effective tactics and additional stimulus funds employed before FY21 closed.

Item 4B - Page 1

HIGHLIGHTS ADVERTISING Current advertising campaigns during the month of April included: Phase 1 launch of MOSAIC (generating interest in the campaign) with digital advertising in the drive markets, plus tactics in The Palm Beach Post, Florida Weekly, Palm Beach Illustrated, and on social media (Facebook, Instagram). The Council launched Phase 2 of MOSAIC (advertising the launch of the campaign’s special offers) on April 29. The Council also updated the creative display at the Palm Beach International Airport. The giant Shades of Culture are continuing to tour the county and made a visit to SunFest (within the Arts District) from April 27 through May 1.

MOSAIC The Council met its goal and secured 23 special MOSAIC offers from 20 organizations including the Kravis Center, Cox Science Center and Aquarium, Flagler Museum, Jupiter Inlet Lighthouse and Museum, Palm Beach Dramaworks, Boca Raton Museum of Art, among others. All offers are available on mosaicpbc.com and this year, the Council is using a new online registration platform (Ticketbud) to more accurately track visitor registrations and redemptions. Additionally, the Council worked with Discover to secure MOSAIC offers from five area hotels and created a special partnership with Hilton West Palm Beach at the Convention Center to install a 3D photo display of the MOSAIC artwork created by local artist Sam Nagel Eggert. This pop-up, which launched on April 29, invites patrons to stand in the middle of the art, take a picture, and post to social media using #mosaicpbc.

PR & SOCIAL MEDIA Top Placements

• • • • • •

April 1, Montreal Gazette (UVM: 1.19 million) “Culture Vultures Flock to Florida’s Lake Worth Beach” (from 2019 FAM with Discover The Palm Beaches) April 8, Toronto Star (UVM: 6,719,245) "Trade your beach towel for a museum pass: In Palm Beach County, explore an unexpectedly vibrant art and culture scene" (from 2022 FAM with Discover The Palm Beaches) April 11, Forbes (UVM: 66,247,973) "5 Cultural Experiences To Have In The Palm Beaches" (from 2022 MOSAIC FAM hosted by the Council) April 14, PR Global Newswire Distribution: “How to Celebrate Mother Earth in The Palm Beaches this April” o Total Frequency: 162 | Total Reach: 3,924,723,082 April 19, ClickOrlando.com (UVM: 1,689,162): “This event is coming back: What to expect at MOSAIC 2022” April 27, NBC Miami (UVM: 884,630) “Month of Shows, Art, Ideas and Culture in Palm Beach County” Item 4B - Page 2

HIGHLIGHTS •

April 28, Florida Weekly (UVM: 9,782) “Palm Beach County attractions offer MOSAIC specials”

PR Highlights National & Regional Media Outreach The Council worked with its PR agency to gather information about cultural organizations’ Earth Day programs for a press release and pitch effort. The agency also wrote a press release featuring MOSAIC offers, which was distributed to drive market outlets. The PR agency arranged for freelance journalist Miriam Porter (Forbes) to visit on a FAM tour focused on MOSAIC. The first piece of coverage resulting from the trip is "5 Cultural Experiences To Have In The Palm Beaches". The Council secured and coordinated two sponsored broadcast segments and integrations for MOSAIC. NBC Miami’s “Month of Shows, Art, Ideas and Culture in Palm Beach County” segment aired on the “6 in the Mix” newscast on April 27 and included an NBC 6 in the Mix Facebook Post. CBS Orlando’s Segment aired twice on April 25 and included native article “This event is coming back: What to expect at MOSAIC 2022”. MOSAIC Influencer Efforts The Council engaged renowned Palm Beach photographer Nick Mele to visit and promote six organizations participating in MOSAIC through an Instagram carousel post and Instagram Stories. The agency conducted a national pitch effort featuring Nick as the “MOSAIC Maven” to national luxury lifestyle and travel media. His experiences were also featured as a MOSAIC post on the Council’s cultural travel blog. The Council contracted two Florida drive market influencers for MOSAIC promotions, including Amy Gilbride of @thefloridatravelgirl, who visited four organizations and promoted MOSAIC with an IG carousel post, Instagram Stories and a blog post. The Council also hosted David Plowden of @davidsmanor, whose content will publish in May. In partnership with SunFest, the Council hosted a MOSAIC reception for local influencers on April 29 with a goal to build buzz for MOSAIC on social media. The Council invited local artist Sam Nagel to sign posters of the artwork she created. Décor included a “MOSAIC Map”, which encouraged influencers to take photos with the giant Shades of Culture, The Palm Beaches’ welcome signs, and more. Twenty-seven guests attended. In the first 24 hours that followed the reception, @palmbeachculture and MOSAIC were mentioned in over 50 Instagram Stories (from influencers with follower counts ranging from 2,500 to 200,000). Social Media Coverage Highlights Live coverage in April included highlights from the Council’s new main exhibition preview (“Art Acquisitions”), Boca Raton Museum of Art’s exhibition preview of “Art of the Hollywood Backdrop,” 2022 MOSAIC reception at SunFest, and MOSAIC activation with Fushu Daiko in downtown West Palm Beach and Lake Worth Beach.

Item 4B - Page 3

HIGHLIGHTS PARTNER COLLABORATIONS Sports Commission The Cultural Council hosted an LGBTQ+ influencer reception in partnership with the Sports Commission on April 7. There were approximately 25 people in attendance with sports event influencers visiting from all over the country. Discover The Palm Beaches The Council worked with Discover to secure hotel discounts for MOSAIC. Discover was able to provide some of their digital screen inventory with Brightline to the Council in support of MOSAIC. Discover is also supporting the promotion with blog and social media content. Palm Beach County Film & Television Commission (FTC) In April, the Council worked with FTC and producers of Art Adventures of The Palm Beaches on pre-production for episode 6 of the series. The Council also promoted MOSAIC during an episode of Facebook Watch Party on The Palm Beaches TV.

CULTURAL CONCIERGE PROGRAM • • • •

Produced two editions of Hot Tickets Secured MOSAIC deals and collected MOUs from cultural partners Provided a list of Caribbean artist/events in The Palm Beaches for South Florida PBS Consulted with Hilton WPB and Brightline about potential activations and cultural deals; connected Hilton WPB to Palm Beach Dolphin Tours for a summer promotion

CULTURAL ENHANCEMENTS •

•

Produced a customized Pop-Up Artists’ Marketplace for the Annual Meeting of the American Gear Manufacturers Association, with 8 local artists presenting art, jewelry, fashion, and handmade gifts to association spouses/partners at PGA National Resort. On Sunday, April 24 the Council produced two performances by Fushu Daiko (photo include to the right), for MOSAIC partnering with WPB DDA, City of West Palm Beach, and City of Lake Worth Beach.

EVENTS SUPPORTED/ATTENDED • •

Global Meetings Industry Day Driveshack’s “Swing Into Spring” Event

DESTINATION SERVICES • • • •

City of Riviera Beach Tourism Marketing Committee Toured Boca Ice & Fine Arts Center, a new sports facility and events venue under construction, providing principals with contacts in tourism and hospitality community Finalized contract for NACAA’s AM/PIC 22 entertainers Began planning a cultural tour for the PBC legislative delegation, slated for June 3. Item 4B - Page 4

TDC Board Monthly Activity Report April 2022

PALM BEACH COUNTY SPORTS COMMISSON Fiscal Year 22, Semiannual Report The Palm Beach County Sports Commission’s semiannual report for FY 22 (October 1, 2021 – March 30, 2022) indicates a strong performance in creating sports tourism for The Palm Beaches. The report indicates the Palm Beach County Sports Commission is on pace to exceed its performances measures for FY 22. During the first 6 months of FY 22, the Palm Beach County Sports Commission’s event portfolio includes 95 events, creating 156,613 room nights for the county’s lodging industry. This collection of events generated an estimated $132,157,900 in visitor spending. Semiannual Performance Measures- FY 22

Performance Indicator

Actual Actual 3/31/2021 3/31/2022

FY 2022 Goal

Percent of Goal

Room Nights

110,556

156,613

235,000

66.64%

Bids Submitted or Assisted

100

55.00%

Site Visits

58.82%

Hosted Sports Events

148

64.20%

Events Providing TV Coverage

52.63.%

New Sporting Event Grants includes Actual Room Nights

8,052

36,355

30,000

121.18%

Palm Beach County Sports Commission Sports Tourism Production - Semiannual Report (FY 22) October 1 , 2021 - March 30, 2022 Event Name

Sport

Event Dates

Venue

Room Nights

USTA National Women's 40, 50, 60, 70, 80 Clay Court Championships

Tennis

October 1-2, 2021

Palm Beach Gardens Tennis Center

270

Hardball 360 Fall Classic

Baseball

October 1-3, 2021

Ballpark of the Palm Beaches

264

Cricket Hall of Fame Celebration

Cricket

October 2, 2021

Embassy Suites by Hilton Boca Raton

Blue Line Hockey - Columbus Day Discovery Showdown

Ice Hockey

October 7-10, 2021

Palm Beach Ice Works & Palm Beach Skate Zone

581

Perfect Game World Wood Bat Association (WWBA) World Championship Weekend

Baseball

October 7-11, 2011

Ballpark of the Palm Beaches, Roger Dean Chevrolet Stadium, & Santaluces Athletic Complex

10,728

Honda Classic High School Invitational

Golf

October 8-9, 2021

PGA National Resort & Spa

137

United States Tennis Association (USTA) Columbus Day Open

Tennis

October 9-11, 2021

Delray Beach Tennis Center, Delray Swim and Tennis Club, & Boca Lago Country Club

561

ClubCorp Club Life Champions Classic

Golf

October 9-17, 2021

PGA National Resort & Spa

1,646

Perfect Game World Wood Bat Association (WWBA) 14U World Championship

Baseball

October 14-18, 2021

Ballpark of the Palm Beaches & Roger Dean Chevrolet Stadium

891

Florida Youth Soccer Association (FYSA) Palm Beach Gardens Classic

Soccer

October 15-18, 2021

Dyer Park, Mirasol Park, PGA National Park, & The Gardens North County District Park

633

NPC Ultimate Grand Prix

Fitness

October 16, 2021

Embassy Suites by Hilton Boca Raton

216

Okeeheelee Halloween Slam

Baseball

October 20-24, 2021

Lake Lytal Park & Okeeheelee Park

364

World Comes to the Palm Beaches

Baseball

October 27-31, 2021

Ballpark of the Palm Beaches and the Santaluces Athletic Complex.

1,568

Monster Mash Lax Clash

Lacrosse

October 30 -31, 2021

Ballpark of the Palm Beaches

Johnny Bench Golf Classic

Golf

October 30-31, 2021

PGA National Resort & Spa

TimberTech Championship (PGA Tour Championship)

Golf

November 1-7, 2021

Old Course at Broken Sound Club

1,705

Conference USA Women's Soccer Championship

Soccer

November 1-7, 2021

Florida Atlantic University (FAU) Soccer Stadium

842

St. Louis Cardinals Fantasy Camp

Baseball

November 3-8, 2021

Roger Dean Chevrolet Stadium

998

USTA Mother & Daughter Clay Court Nationals & USTA Men's 50+ Clay Court Nationals

Tennis

November 5-7 & November 16-21, 2021

Boynton Beach Tennis Center

237

Men's Senior Baseball League (MSBL) Fall Classic

Baseball

November 6-20, 2021

Ballpark of The Palm Beaches & Roger Dean Chevrolet Stadium

8,023

Red Bull Pro Water ski

Water ski

November 6-7, 2021

Okeeheelee Park

Delray Beach Riptide Fall Shootout

Lacrosse

November 8-9, 2021

Seacrest Soccer Complex

973

Optimist International Tournament of Champions

Golf

November 13-14, 2021

PGA National Resort & Spa

290

NAIA Men's & Women's Soccer Championships Opening Rounds

Soccer

November 18 - 20, 2021

Keiser University

225

Paradise Classic

Basketball

November 19-22, 2021

FAU Arena

185

SoFlo Turkey Shootout

Lacrosse

November 20-21, 2021

Ballpark of the Palm Beaches

N/A

Perfect Game South Florida Fall Invitational

Baseball

November 20-21, 2021

Ballpark of the Palm Beaches

418

American Junior Golf Association (AJGA) Rolex Tournament of Champions

Golf

November 20-25, 2021

PGA National Resort & Spa

1,039

FAU Thanksgiving Tournament

Basketball

November 26-28, 2021

FAU Arena

165

Hurricane Junior Golf Tour Palm Beach Holiday Junior Open

Golf

November 27-28, 2021

Palm Beach National Golf and Country Club

3v3 Live National Championships

Soccer

November 27-28, 2021

The Gardens North County District Park

2,568

Babe Ruth League Board Meeting

Baseball & Softball

November 27- December 3, 2021

PGA National Resort & Spa

127

Inaugural Perfect Game Hall of Fame Celebration

Baseball

December 2-3, 2021

PGA National Resort & Spa

170

Delray Beach Pickleball Classic

Pickleball

December 2-5, 2021

Delray Beach Tennis Center

699

Little Mo" Internationals in Florida

Tennis

December 3-8, 2021

PGA National Resort & Spa & Palm Beach Gardens Tennis Center

1,603

Equestrian Sports Productions (ESP) Holiday & Horses Circuit

Equestrian Sports

December 4, 2021 January 1, 2022

Palm Beach International Equestrian Center

27,169

USSSA Santa Slam

Softball

December 4-5, 2021

John Prince Park, Lake Charleston Park, & Seminole Palms Park

162

Lou Groza Award Celebration

Football

December 8, 2021

Virtual Event

N/A

Palm Beach County Sports Commission Sports Tourism Production - Semiannual Report (FY 22) October 1 , 2021 - March 30, 2022 Event Name

Sport

Event Dates

Venue

Room Nights

Battle Youth National Championship

Football

December 7-11, 2021

Village Park

755

Garden of Life Palm Beaches Marathon

Running

December 10-12, 2021

Meyer Park Amphitheatre / City of West Palm Beach

2,047

USA Cricket Open

Cricket

December 16-17, 2021

Maq Cricket Stadium

135

RoofClaim.com Boca Raton Bowl

Football

December 18, 2021

FAU Stadium

1,861

West Palm Beach Invitational

Basketball

December 18-21, 2021

Keiser University

1,158

FAU Pre-Christmas Tournament

Basketball

December 19-20, 2021

FAU Arena

N/A

US Kids Golf Foundation Holiday Classic

Golf

December 21-22, 2021

PGA National Resort & Spa

536

Hurricane Junior Golf Tournament (HJGT) PGA National Holiday Open

Golf

December 21-22, 2021

PGA National Resort & Spa

College Swim Training

Swimming

December 26, 2021 January 15, 2022

Multiple Aquatic Venues throughout Palm Beach County

2,384

Holiday Basketball Classic of the Palm Beaches

Basketball

December 27-30, 2021

The Benjamin School

N/A

Winter Equestrian Festival

Equestrian Sports

January 5 - April 3, 2022

Palm Beach International Equestrian Center

42,663

Development Player League (DPL) Winter Showcase

Soccer

January 6-9, 2022

The Gardens North County District Park & Ballpark of the Palm Beaches

6,334

AC Delray Rush Cup

Soccer

January 8-9, 2022

Seacrest Soccer Complex

NexStar Lacrosse National Recruiting Showcase

Lacrosse

January 8-9, 2022

Caloosa Park

Junior Honda Classic

Golf

January 8-9, 2022

PGA National Resort & Spa

320

Florida Lax Festival

Lacrosse

January 8-9, 2022

Lake Lytal Park

N/A

College Preparatory Invitational (CPI) Horse Show

Equestrian Sports

January 14-16, 2022

Jim Brandon Equestrian Center

140

USA BMX Sunshine State Nationals

BMX

January 14-16, 2022

Okeeheelee BMX Track

2,343

Game Day USA Junior All-American Games

Baseball

January 14-16, 2022

Ballpark of the Palm Beaches

515

American Youth Soccer Organization (AYSO) State Games

Soccer

January 14-16, 2022

Okeeheelee Park

336

Wellington Soccer Shootout

Soccer

January 14-17, 2022

Village Park Athletic Complex

235

Florida RUSH

Ice Hockey

January 14-17, 2022

Palm Beach Skate Zone & Palm Beach Ice Works

2,669

South Florida Deka-Fit

Endurance Sports

January 15, 2022

FAU Stadium

TBD

Eye of the Hurricane

Lacrosse

January 15-16, 2022

The Gardens North County District Park

350

Association of Pickleball Professionals (APP) Boca Raton International Masters

Pickleball

January 18-23, 2022

Patch Reef Park

3,120

Varsity Spirit - Aloha Spirit Championships

Cheerleading

January 23, 2022

Palm Beach Atlantic University

N/A

Tigers Camp

Baseball

January 23-29, 2022

Ballpark of the Palm Beaches

262

Gainbridge LPGA (LPGA Tour)

Golf

January 24-30, 2022

Boca Rio Golf Club

1,338

Les Grandes Dames USTA Senior Women's Tennis Tournament

Tennis

January 25-29, 2022

Palm Beach Gardens Tenns Center

104

Florida Junior Tour

Golf

February 4-5, 2022

Indian Spring Country Club

Gauntlet of Polo

Polo

February 6 - April 24, 2022

International Polo Club

TBD

Paradise Invitational

Golf

February 7-8, 2022

Osprey Point Golf Course

194

FAU First Pitch Classic

Softball

February 10-13, 2022

Florida Atlantic University (FAU) Softball Stadium

246

Delray Beach Open by VITACOST.com

Tennis

February 11 - 20, 2022

Delray Beach Tennis Center

976

East End Volleyball Sunshine Series

Beach Volleyball

February 12-13, 2022

Singer Island Municipal Beach in the City of Riviera Beach

Varsity Spirit - Spirit Sports West Palm Beach Nationals

Cheerleading

February 12-13, 2022

South Florida Fairgrounds

205

Winter Invitational Statewide Artistic Swimming Competition

Artistic Swimming

February 12-13, 2022

Lake Lytal Aquatic Complex

163

Bermuda Women's National Team vs Keiser University

Soccer

February 13, 2022

The Gardens North County District Park

N/A

Palm Beach County Sports Commission Sports Tourism Production - Semiannual Report (FY 22) October 1 , 2021 - March 30, 2022 Event Name

Sport

Event Dates

Venue

Room Nights

Florida State Golf Association (FSGA) International Four-Ball

Golf

February 16-17, 2022

Wanderers Club

USA BMX Florida State Championship

BMX

February 18-20, 2022

Okeeheelee Park - BMX Track

115

Jupiter President's Day Cup

Soccer

February 18-20, 2022

Jupiter Community Park

East Coast Elite League Playoffs

Ice Hockey

February 18-21, 2022

Palm Beach Skate Zone & Palm Beach Ice Works

N/A

The Honda Classic (PGA Tour)

Golf

February 21-27, 2022

PGA National Resort & Spa

10,565

Major League Baseball (MLB) Meetings

Baseball

February 1 - March 1, 2022

Roger Dean Cheverolet Stadium

144

FAU "Strikeout Cancer" Tournament

Softball

February 24-27, 2022

Florida Atlantic University (FAU) Softball Stadium

261

Major League Baseball (MLB) Spring Training

Baseball

Februaary 26 - March 27, 2022

Roger Dean Chevrolet Stadium & Ballpark of the Palm Beaches

TBD

Lacrosse

February 26-27, 2022

Seacrest Soccer Complex & Hilltopper Stadium

614

FAU Parent Weekends Softball Tournament

Softball

March 3-6, 2022

FAU Softball Stadium

288

Florida State Youth Soccer Association (FYSA) Palm Beach Gardens Classic

Soccer

March 4-6, 2022

The Gardens North County District Park, Dyer Park, Mirasol Park, & PGA National Park

400

Palm Beach Challenge & International Baseball Festival

Baseball

March 7-28, 2022

Santaluces Athletic Complex

4,818

United States Amateur Basketball (USAB) Wellington March Madness

Basketball

March 5-6, 2022

Multiple gymnasiums throughout Palm Beach County

310

Bill Bone "Burger" Fondo

Cycling

March 5-6, 2022

Loxahatchee & Belle Glade

Statewide Amateur Hockey of Florida (SAHOF) State Championships - 10U A Division

Ice Hockey

March 11-13, 2022

Palm Beach Skate Zone & Palm Beach Ice Works

368

Delray Beach Riptide & Florida Elite Travel - Spring Break Tourney

Lacrosse

March 13-17, 2022

Seacrest Soccer Complex & Hilltopper Stadium

1,036

Southern Invitational

Golf

March 14-15, 2022

The Falls Club of The Palm Beaches

Excel Play the Beach Extreme Showcase

Ice Hockey

March 18-20, 2022

Palm Beach Skate Zone

TBD

Association of Pickleball Professionals (APP) Delray Beach Pickleball Open

Pickleball

March 22-27, 2022

Delray Beach Tennis Center

TBD

Delray Beach Riptide & Florida Elite Travel - Men's Lacrosse Cross Over Weekend

Total Sports Related Room Nights

156,613

Events & Operations Event Support NCAA Men’s Golf Regional Championship  Finalize all vendors for equipment needs (tents, signage, apparel, hydration, etc.)  Finalize and submit NCAA Participant Manual to NCAA staff and committee  Recruit and assign volunteers to successfully stage the championship (approximately 20 needed per day)  Work with Florida Atlantic University to coordinate duties during championship Conference USA Women’s Golf Championship  Provide on-site logistical support for championship including post round scoring, course setup, signage, etc.  Manage volunteers for live scoring to assist in conducting the championship  Discuss with Conference USA officials future opportunities to host championships The Sun Conference Baseball Championship  Submit RFP and secure hotel room blocks  Work with Keiser University to adequately staff championship  Assist teams in booking hotel accommodations

Finalizing Contract Obligations                

Garden of Life Palm Beaches Marathon Palm Beaches Spartan Sprint Weekend Palm Beach Challenge College & International Baseball Festival TimberTech Championship Men’s Senior Baseball League Fall Classic Delray Beach Riptide Spring Series Wellington March Madness 3v3 Live National Championships Palm Beach County Cycling Event Series Statewide Amateur Hockey of Florida 10U State Championships Eye of the Hurricane Development Player League APP Boca Raton International Masters Delray Beach Open Hardball 360 Spring Training Les Grandes Dames USTA Tennis



AYSO Florida State Games

Event Servicing 

ITF Seniors World Championships



Palm Beaches Spartan Weekend



USSSA Santa Slam



ITF Super-Seniors World Championship



Under Armour Junior Golf National Championship

Hotel RFP & Room Blocks The generation of RFP’s and contracts for hotel room blocks, assisting with onsite registration of participants, setting up hotel room registration information for event websites, securing venues to host the events, assisting with permitting for use of venues, securing vendors to service the events (i.e. rental vehicles, tents, radios, golf carts, trainers, security, medical personnel, field lining, bleachers, transportation, concessions). All these services are offered to each event promoter, which contributes to event retention. 

The Sun Conference Baseball Championship

Grants 1. Category G Grants a. Cal Ripken Baseball Rookie & T-Ball State Championships (June 22-26, 2022) – Gardens Park - $15,000 1,800 room nights b. Men’s Senior Baseball League Fall Classic (November 5-19, 2022) – Ballpark of the Palm Beaches, Roger Dean Chevrolet Stadium - $52,000 6,480 room nights c. ClubCorp Champions Classic (November 9-13, 2022) – PGA National Resort - $20,000 1,750 room nights

Sports-Development Sports Development Executive Summary In FY 22, the Palm Beach County Sports Commission (PBCSC) is deploying an aggressive sales and sports development effort to grow the number of sports tourisms generating events taking place in The Palm Beaches. The PBCSC continues to cultivate relationships with event owners, as well as identify, solicit, secure, and retain sports events to grow room night actualization. Below is a recap of sports development efforts that have taken place during the month of March.

Event Bids & Development A primary mechanism for event solicitation is through the Event Bid and Development process. To recognize potential bid opportunities, the PBCSC will be at the forefront of the industry and engage with event owners. Bid submission is a highly effective tool to recruit sporting events. Attached is a comprehensive list of the bids that have been submitted in FY 22, and below is a breakdown of the development efforts over the past month: 



ClubCorp Club Life Champions Classic o November 9-13, 2022 o 500 projected participants o 1,850 projected room nights USA Field Hockey National Hockey Festival o November 24-27, 2023-2025 o 3,150 projected participants o 5,000 projected room nights Extreme Kayak Fishing Tournament Exotic Bass Roundup o April 9, 2022 o 100 projected participants o 25 projected room nights USA Ultimate Club Championships o October 5 – 22, 2023 o 1,200 projected participants o 4,500 projected room nights YTH Soccer All-American Series o June 30 – July 3, 2022 o 300 projected participants o 850 projected room nights



PlayHockey – Sunshine Invitational o May 27-30, 2022 o 150 projected participants o 500 projected room nights Baseball Factory Christmas Tournament o December 20 – 23, 2022 o 100 projected Participants o 120 Projected Room Nights

Event Site Visits When trying to bring events to Palm Beach County, engaging event rights holders to conduct a site visit or familiarization tour is one of the most beneficial event development strategies. Site visits allow for an event owner to explore potential sports venues while experiencing Palm Beach County’s tourism assets, such as hotels, restaurants, and attractions. Attached is a comprehensive list of the site visits that have been conducted in FY 22, and below is a breakdown of site visits conducted over the past month:       

USA Raquetball – USA Raquetball National Tournaments – PBAU, Multiple LA Fitness Locations South Florida Flag Football League – South Florida Gay Flag Football Festival - The Gardens North County District Park, International Polo Club, & Village Park Women’s Flag Football League – South Florida Women’s Gay Flag Football Festival - The Gardens North County District Park, International Polo Club, & Village Park International Gay & Lesbian Football Association (Soccer) – South Florida Gay & Lesbian Football Festival (Soccer) - The Gardens North County District Park, International Polo Club, & Village Park Compete Sports Diversity – Gay & Lesbian Sports Festival - The Gardens North County District Park, International Polo Club, & Village Park U.S. Soccer – U.S. Soccer Various Events - The Gardens North County District Park, Rinker Athletic Complex, FAU Onside Entertainment – Various event properties - The Gardens North County District Park, Rinker Athletic Complex, FAU

Palm Beach County Sports Commission Bid Calendar - FY22 Event Name

Event Date

Participants

Spectators

Total Visitors

Total Room Nights

Projected Facility

Result

Baseball Factory Christmas Showcase

December 20 - 23, 2022

100

150

300

120

Roger Dean Chevrolet Stadium

Finalizing Venue Plan

PlayHockey Sunshine Inviational

May 27-30, 2022

120

300

500

Palm Beach Skate Zone

Awarded Event

YTH Soccer All American Series

June 30-July 3, 2022

300

1000

1500

850

The Gardens North County District Park

Awarded Event

USA Ultimate Club Championships

October 5 - 22, 2023

1,200

5000

7,500

4,500

The International Polo Club, The Gardens North County District Park, Village Park, Jupiter Community Park

Working on Bid Proposal

Extreme Kayak Fishing Tournament Exotic Bass Roundup

April 9, 2022

100

Lake Ida

Awarded Event

USA Field Hockey National Hockey Festival

November 24-27, 2023-2025

3,150

4,725

10,000

5,000

The Gardens North County District Park, Jupiter Community Park, Village Park

Submitted Bid

ClubCorp Club Life Champions Classic

November 9-13, 2022

500

750

1,250

1,850

PGA National Resort & Spa

Awarded Event

SMP Events National Recruiting Event (Soccer)

May, September or October of 2023

5,000

7,500

12500

7000

The International Polo Club, The Gardens North County District Park, Village Park

Working on Bid Proposal

SMP Events Lacrosse America Summer Series Event

June or July of 2023

2500

3750

6250

3500

The International Polo Club, The Gardens North County District Park, Village Park

Working on Bid Proposal

Sunshine State Games Lacrosse Championships

May 20-22, 2022

1350

2025

3375

700

Village Park, The Gardens North County District Park

Finalizing Venue Plan

FC Cincinnati MLS Preseason Training

February of 2023

700

The Gardens North County District Park, Rinker Athletic Complex

Working on Bid Proposal

Florida Golden Gloves

Jun-22

230

200

300

100

TBD

Working on Bid Proposal

South Florida Flag Football

May 14 - 15, 2022

600

250

850

150

Dyer Park

Researching Venue Availability

I Do Beach Tennis

August 24-28, 2022

400

200

600

1000

Singer Island

Working on Bid Proposal

Under Armour Junior Tour Summer National Chamionship

June 23-26, 2022

600

200

800

2000

PGA National Resort & Spa

Awarded the Event

Sports ETA Chief Executive Summit

February of 2023 or February of 2024

100

200

Researching Hotel Availability

Conference USA Men's Golf Championship

April 23-26, 2023

112

168

280

700

Researching Course Availability

Palm Beach County Sports Commission Bid Calendar - FY22 Event Name

Event Date

Participants

Spectators

Total Visitors

Total Room Nights

Projected Facility

Result

Conference USA Women's Golf Championship

April 16-19, 2023

144

240

480

Researching Course Availability

C.F. Pachuca Preseason Training

June 18-25, 2022

200

The Gardens North County District Park

Working on Bid Proposal

African American Golf Exp & Forum

August 22-25, 2024

750

N/A

750

975

Palm Beach County Hotels with meeting space

Working on Bid Proposal

Spring Games (Softball Spring Training Forum)

February - April, 2023

4,600

8000

12,600

18,000

Palm Beach County Parks & Rec Softball related venues

Working on Bid Proposal

Perfect Game WWBA Florida Invitationals

July 20-22, 2022 / July 26-28, 2022

720

1080

1800

798

Ballpark of the Palm Beaches

Awarded the Event

Winter Invitational Statewide Artistic Swimming Competition

February 12-13, 2022

400

800

100

Lake Lytal Aquatics Facility

Awarded the Event

Germany Women's Volleyball National Team Training

June 6-12, 2022

105

Burns Road Community Center

Not Awarded the Event

FAU Softball Tournament Series

February 10-13 / February 24-27 / March 3-6, 2022

270

500

770

740

FAU Softball Stadium

Awarded the Event

Southern Invitational

March 14-15, 2022

140

280

420

400

The Falls Club of the Palm Beaches

Awarded the Event

Florida Sports Foundation Sports Summit

September or October of 2022

100

200

320

Marriott Singer Island

Working on Bid Proposal

USA BMX Florida State Championship

February 18-20, 2022

350

525

875

250

Okeeheelee BMX

Awarded the Event

Bermuda Women's National Team (Soccer) Training and Scrimmage

February 12-14. 2022

120

100

The Gardens North County District Park

Awarded the Event

Wolverhampton Wanderers Preseason Training

June of 2022

300

The Gardens North County District Park

Working on Bid Proposal

NYC FC (MLS Team) Preseason Team Training

January 30 - February 13, 2022

700

The Gardens North County District Park

Working on Bid Opportunity

Spirit Sports West Palm Beach Nationals

February 12-13, 2022

2,200

3,300

5,500

800

The South Florida Fairgrounds

Awarded the Event

Varsity Spirit Aloha Spirit Nationals

23-Jan-22

1,000

1500

2,500

200

Palm Beach Atlantic University's Durbin Arena

Awarded the Event

Perfect Game 18U World Series

July 8-12, 2022

900

1350

2250

2000

The Ballpark of the Palm Beaches

Awarded the Event

Palm Beach County Sports Commission Bid Calendar - FY22 Event Name

Event Date

Participants

Spectators

Total Visitors

Total Room Nights

Projected Facility

Result

Perfect Game WWBA World Championship

October 6-10, 2022

1500

2250

3750

7000

Roger Dean Chevrolet Stadium

Awarded the Event

Perfect Game 14U World Championship

October 14-17, 2022

600

1200

1800

900

The Ballpark of the Palm Beaches

Awarded the Event

Perfect Game WWBA Freshman World Championship

October 6-10, 2022

1100

1650

2750

3500

The Ballpark of the Palm Beaches

Awarded the Event

Perfect Game 13U World Championship

October 14-17, 2022

450

675

1125

500

Roger Dean Chevrolet Stadium

Awarded the Event

Perfect Game WWBA 13U National Championship

July 2-6, 2022

600

1200

1800

1900

The Ballpark of the Palm Beaches

Awarded the Event

Perfect Game Ultimate Baseball Championship

June 20-23, 2022

720

1440

2160

1800

The Ballpark of the Palm Beaches

Awarded the Event

Perfect Game 16U Florida Elite Championship

July 11-14, 2022

540

810

1350

700

The Ballpark of the Palm Beaches

Awarded the Event

Perfect Game Softball Combine

21-May-22

150

300

450

Seminole Palms Park, Okeeheelee Park, Lake Lytal Park or South County Regional Park

Working on Venue Availability

AAU Florida Gold Karate Championships

9-Apr-22

365

550

915

150

Palm Beach Atlantic University

Awarded the Event

Miracle League Allstar Game

November of 2023

150

500

650

500

Gardens Park Miracle League Field

Submitted Bid

USSSA Basketball National Championships

June 30-July 3, 2022

1500

1000

2500

1500

Next Level Greats South Florida 7v7

March 26-27, 2022

600

450

1050

250

PGA National Park

Working on Venue Availability

AC Delray Rush Cup

January 7-9, 2022

840

1260

2100

100

Seacrest Soccer Complex

Awarded the Event

South Florida Deka-Fest

15-Jan-22

300

500

800

300

FAU Stadium

Awarded the Event

Jupiter United President's Day Cup

February 18-20, 2022

1500

2250

3750

400

Jupiter Community Park & Lighthouse Point

Awarded the Event

USA Powerlifting State Championships

April 9-10, 2022

150

300

100

Burns Road Community Center

Working on Venue Availability

Perfect Game 13U National Showcase

July 23-25, 2022

150

225

375

350

The Ballpark of the Palm Beaches

Awarded the Event

Palm Beach County Convention Center or South Working on Venue Florida Fairgrounds Availability & Bid Proposal

Palm Beach County Sports Commission Bid Calendar - FY22 Event Name

Event Date

Participants

Spectators

Total Visitors

Total Room Nights

Projected Facility

Result

Perfect Game 14U National Showcase

July 29-31, 2022

150

225

375

350

The Ballpark of the Palm Beaches

Awarded the Event

World Breaking Classic

July 16-17, 2022

100

500

600

200

The Palm Beach County Convention Center, South Florida Fairgrounds, Greene Complex, FAU Arena

Working on Venue Availability

FAU Paradise Invitational (Women's College Golf)

February 7-8, 2022

105

175

150

Osprey Point Golf Club

Awarded the Event

Intercollegiate Women's Lacrosse Coaches Association (IWLCA) President's Cup & Coaches Convention

November 21-26, 2023

9,000

12,000

21,000

15,000

International Polo Club, The Gardens North County District Park & Palm Beach County Convention Center

Working on Venue Availability & Proposal

CF Montreal Preseason Training (MLS Team)

January 30 - February 13, 2022

700

The Gardens North County District Park

Not Awarded the Event

Perfect Game Hall of Fame & Celebrity Golf Invitational

December 2-3, 2021

400

200

600

300

PGA National Resort & Spa

Awarded the Event

Paradise Classic (Men's College Basketball)

November 19-22, 2021

100

500

600

240

FAU Arena

Awarded the Event

FAU Thanksgiving Tournament (Women's College Basketball)

November 26-27, 2021

100

500

600

150

FAU Arena

Awarded the Event

FAU Pre-Christmas Tournament

December 19-20, 2021

500

575

FAU Arena

Awarded the Event

Conference USA Women's Soccer Championship

November 1-7, 2021

300

750

1050

750

FAU Soccer Stadium

Awarded the Event

35,413

50,047

85,330

69,233

TOTAL Projections

Palm Beach County Sports Commission Site Visits - FY22 Organization

Event

Location

Site Visit Date

Onside Entertainment

Various Events

The Gardens North County District Park, Rinker Athletic Complex, FAU

4/22/2022

U.S. Soccer

US Soccer event

The Gardens North County District Park, Rinker Athletic Complex, FAU

4/15/2022

Compete Sports Diversity

Gay & Lesbian Sports Festival

The Gardens North County District Park, International Polo Club, & Village Park

4/8/2022

International Gay & Lesbian Football Association (Soccer)

South Florida Gay & Lesbian Football Festival (Soccer)

The Gardens North County District Park, International Polo Club, & Village Park

4/8/2022

Women's Flag Football League

South Florida Women's Gay Flag Football Festival

The Gardens North County District Park, International Polo Club, & Village Park

4/8/2022

South Florida Flag Football League

South Florida Gay Flag Football Festival

The Gardens North County District Park, International Polo Club, & Village Park

4/8/2022

USA Raquetball

USA Raquetball National Events

PBAU, Multiple LA Fitness Locations

4/8/2022

Sunshine State Events, LLC

Sunshine State Games Lacrosse

Indian Mound Polo Club

3/30/2022

USSSA Basketball

USSSA Basketball National Championship

Palm Beach County Convention Center

3/14/2022

Boca Ice & Fine Arts Center

Various Events

Boca Ice & Fine Arts Center (New Venue)

3/9/2022

Under Armour Junor Tour

Summer National Championship

PGA National Resort & Spa

2/27/2022

Florida Sports Foundation

Florida Sports Summit

PGA National Resort & Spa

2/27/2022

Blue Star Lacorsse

Blue Star Lacrosse National

The Gardens North County District Park

2/24/2022

African American Golf Expo & Forum

PGA National Resort & Spa

2/24/2022

PFX Athletics

THE Spring Games

Seminole Palms Park, Okeeheelee Park, South County Regional Park, & Lake Lytal Park

2/23/2022

Palm Beach County Sports Commission Site Visits - FY22 Organization

Event

Location

Site Visit Date

I Do Beach Tennis

Singer Island Beach Tennis

Singer Island

2/15/2022

National Collegiate Athletic Association (NCAA)

NCAA DI Men's Golf Regional Championship

PGA National Resort & Spa

2/11/2022

The Miracle League

The Miracle League Allstar Game

Miller Park Miracle League Field & Gardens Park Miracle League Field

1/12/2022 - 1/13/2022

City of Palms

City of Palms Basketball Tournament

Suncoast Credit Union Arena

12/17/2021

Wolverhampton Wanderers

Wolverhampton Wanderers Preseason Training & Match

PGA National Resort & Spa, Hilton West Palm Beach, Spanish River Athletic Facility, FAU Soccer Stadium, FAU Stadium, FAU's Glades Fields, International Polo Club, The Gardens North County District Park, Rinker Athletic Complex, Embassy Suites WPB, Hilton Palm Beach Airport, Palm Beach Gardens Marriott, DoubleTree Palm Beach Gardens

12/1/2021 - 12/10/2021

CF Montreal (MLS Team)

CF Montreal Preseason Training

The Gardens North County District Park

11/24/2021

Play at the Plate

Play at the Plate Pickleball Events

Palm Beach Gardens Tennis Center

11/15/2021

NWA Racing

NWA Racing Grand Prix

Burt Aaronson South County Regional Park

11/8/2021

Conference USA

Conference USA Women's Golf Championship

PGA National Resort & Spa

11/4/2021 & 10/14/ 2021

Bermuda Football Association

Bermuda Football Association Concacaf Women's Qualifying Match

PBAU's Rinker Athletic Complex, FAU Soccer Stadium, The Gardens North County District Park, International Polo Club

10/21/2021

US Youth Soccer Association

USYSA National Championships

The International Polo Club, The Hilton Palm Beach Airport, Embassy Suites WPB, Hilton WPB, Palm Beach Gardens Marriott, DoubleTree Palm Beach Gardens

10/4/2021

Development Player League (DPL)

DPL National Event

The Gardens North County District Park, International Polo Club, & Village Park

10/4/2021

Communications-Digital Marketing Marketing & Promotions •

Designed and/or distributed E-Blasts o

Press releases published to PalmBeachSports.com • •

Palm Beach County Sports Hall of Fame Announces Annual Sports Awards Winners Palm Beach County to Host Conference USA Women's Golf Championship

• •

Palm Beaches Spartan Sprint Weekend Set for Boca Raton Return Palm Beach County Will Simultaneously Host Two of the World’s Largest Tennis Tournaments

•

NCAA Division I Men’s Golf Regional To Bring Nation’s Top Collegiate Golfers to The Palm Beaches • WBSC Baseball Americas Qualifier for the XXXII Olympiad Wins Palm Beach County Sports Hall of Fame Event of the Year The April eNews Roundup newsletter:

Social Media & Digital Advertising Social Media:  Internally managing the PBCSC social media engagement  Efficiently managing HubSpot marketing software to track our social media engagement, email distribution and more Top performing social media posts: 

ITF Super-Seniors opening ceremony (Facebook)



CUSA Women’s Golf Championship (Twitter)



Play in The Palm Beaches Visitor Guide (Instagram)



Sports Comeback video (LinkedIn)

Earned Media

The Savannah Bananas ‘Banana Ball’ World Tour received extensive coverage including  53,021 views in total national and local TV audience  15,874,377 views in total online and print audience This widespread coverage turned in a strong earned media value for our destination and the Balllpark of the Palm Beaches4  $8,412 in national and local TV publicity  $694,887 in total online and print publicity

The Conference USA Women’s Golf Championship received extensive coverage including  116,188 views in total national and local TV audience  2,485,842 views in total online and print audience This widespread coverage turned in a strong earned media value for our destination and the Balllpark of the Palm Beaches4  $19,445in national and local TV publicity  $41,552 in total online and print publicity

NCAA Division I Men’s Golf Regional To Bring Nation’s Top Collegiate Golfers to The Palm Beaches PALM BEACH COUNTY, Fla. -- The Palm Beach County Sports Commission, in partnership with Florida Atlantic University and the National Collegiate Athletic Association (NCAA), will host a 2022 NCAA Division I Men’s Golf Regional from May 1518 at PGA National Resort’s Champion Course. This 54-hole event will serve as one of six regional qualifiers for the Division I Men’s Golf Championship which will take place May 27-June 1 in Scottsdale, Arizona. This regional championship will consist of one practice round on May 15 followed by three days of competition. 13 teams comprised of five golfers and 10 individuals not on those teams will compete at each of the three regionals while the other three regionals will have 14 teams and five individuals not on those teams. A total of 75 players will be at each regional site. The low five teams and the low individual not on those teams will advance to the finals. Playoffs and tiebreakers will be used, if necessary, to determine advancement to the finals. These players are vying to join an illustrious list of past DI Men’s Golf Champions which includes Phil Mickelson, Tiger Woods, Bryson Dechambeau, and many more.

Participating teams and golfers for the NCAA Division I Men’s Golf Regional will be announced during the NCAA Men’s Golf Championship Selection Show. The show will air live on the Golf Channel Wednesday, May 4 at 4 p.m. This NCAA DI Men’s Golf Regional will generate substantial room nights and visitor spending in The Palm Beaches. With over 400 visiting players, coaches, staff, and spectators, the Palm Beach County Sports Commission projects over $500,000 in economic impact will be created for Palm Beach County.

“The NCAA and Florida Atlantic University have been fantastic partners as The Palm Beaches is set to be home to yet another premier golf tournament,” said George Linley, executive director of the Palm Beach County Sports Commission. “This regional championship event will bring some of the finest collegiate golfers to The Palm Beaches and will, in turn, fill hundreds of hotel rooms while bringing an influx of spending to our restaurants and local businesses.” The Palm Beach County Sports Commission and the NCAA have enjoyed a strong partnership that has brought The Palm Beaches numerous NCAA golf events including the 2019 Division II Women’s Golf Championship, 2021 Division II Men’s Golf Championship, and 2022 Conference USA Women’s Golf Championship. The Palm Beaches will also be home to a Division I Women’s Golf Regional in 2023, the Division II Men’s Golf Championships in 2025, and the Division II Women’s Golf Championships in 2026.

The host course for this regional championship is PGA National Resort’s Champion Course. The course, featuring a famed stretch of finishing holes called the “Bear Trap,” is home to championship events at all levels of the sport including the PGA Tour’s The Honda Classic. The world-renowned course, redesigned by Jack Nicklaus in 2014, features five sets of tees, ensuring its playability to golfers of all levels. Event Schedule: Sunday, May 15: 8:00 a.m. to 5:00 p.m. – Practice Rounds Monday, May 16: 7:30 a.m. to 5:00 p.m. – First Round of Competition Tuesday, May 17: 7:30 a.m. to 5:00 p.m. – Second Round of Competition Wednesday, May 18: 7:30 a.m. to 5:00 p.m. – Final Round of Competition

Palm Beach County Will Simultaneously Host Two of the World’s Largest Tennis Tournaments PALM BEACH COUNTY, Fla. -- The Palm Beach County Sports Commission will host two premier senior tennis events this spring, the International Tennis Federation (ITF) Seniors World Championships and the ITF Super-Seniors World Championships. The Seniors World Championships will take place from May 1 to May 14 and the Super-Seniors World Championships will take place from April 24 to May 7. Opening ceremonies will be held on April 23 (Super-Seniors) and April 30 (Seniors). In total, both events will attract thousands of international tennis players who will utilize 14 tennis venues, consisting of hundreds of tennis courts, across Palm Beach County. The Palm Beach County Sports Commission previously hosted the ITF Seniors World Championships in 2014 and welcomes it back along with an event new to Palm Beach County, the ITF Super-Seniors World Championships. These ITF World Championships are two of the largest international tennis tournaments taking place on an annual basis. The Palm Beach County Sports Commission is partnering with the Baral Group to host the ITF Super-Seniors World Championships and Triosports International to host the ITF Seniors World Championships. The Seniors event will feature players ages 50 to 60 while the Super-Seniors event is comprised of players ages 65 and up. Both events will feature team and individual competition formats.

These events will attract international visitors with dozens of nations set to appear. Players from Argentina, Australia, Austria, Brazil, Canada, Chile, Denmark, Finland, France, Germany, Great Britain, India, Ireland, Italy, Mexico, Netherlands, Portugal, South Africa, Spain, Sweden, Switzerland, Turkey, Uruguay, US Virgin Islands, Zimbabwe, and more will be represented in the competition. Due to the influx of international visitors, the Palm Beach County Sports Commission projects a tremendous economic impact that will be generated from the two events. Approximately 3,000 athletes and spectators are expected to visit Palm Beach County during these events resulting in over $4 million in total projected economic impact. These events are also expected to create more than 5,000 hotel room nights.

In addition to the significant economic benefits, these ITF events will bring Palm Beach County immense exposure across the global tennis community. Very few destinations have had the privilege of presenting both the Seniors and Super-Seniors World Championships and Palm Beach County’s position as an elite destination for tennis will be significantly enhanced by hosting these events. These events will boost an already impressive portfolio of tennis events for Palm Beach County, which includes the Delray Beach Open, the only ATP tour event combining an ATP 250 event with an ATP Champions Tour event, and an exclusive collection of amateur championship events sanctioned by the USTA. The Palm Beaches’ versatility as a sports tourism destination will be on full display as these two championship events will take place across 14 different venues. The ITF Seniors World Championships will take place at BallenIsles Country Club, Boca Grove Country Club, Boca West Country Club, Broken Sound Country Club, City of Palm Beach Gardens Tennis Center, North Palm Beach Country Club, PGA National Resort, The Country Club at Mirasol, The Polo Club of Boca Raton, and Woodfield Country Club while the ITF Super-Seniors World Championships will be held at the Boynton Beach Tennis Center, Coral Lakes Country Club, The Club at Quail Ridge, and Boca West Country Club.

Palm Beach County to Host Conference USA Women's Golf Championship PALM BEACH COUNTY, Fla. -- The Palm Beach County Sports Commission, in partnership with Florida Atlantic University, will host the Conference USA Women’s Golf Championship at PGA National Resort & Spa’s Champion Course. The three-day, 54-hole event will begin on April 18 and will culminate with the championship round to be played on Thursday, April 20. The field will be comprised of golfers from each of C-USA’s 12 women’s golf programs. Three teams currently rank in Golfstat’s top 100, including No. 46 North Texas, No. 51 UTSA, and No. 76 Charlotte. The North Texas Mean Green will look to defend their title after winning the conference championship by 12 strokes last season.

The C-USA Women’s Golf Championship is the latest event to join Palm Beach County’s impressive golf event resume. The Palm Beach County Sports Commission has previously hosted NCAA golf events including the 2019 Division II Women’s Golf Championship and the 2021 Division II Men’s Golf Championship. The Palm Beaches will also be home to the 2022 Division I Men’s Golf Regional, the NCAA Division II Men’s Golf Championships in 2025, and the NCAA Division II Women’s Golf Championships in 2026. “The Palm Beach County Sports Commission is thrilled to partner with Florida Atlantic University in hosting this Conference USA championship as it showcases Palm Beach County as an elite golf destination,” said George Linley, executive director of the Palm Beach County Sports Commission. “Few communities have the privilege of hosting collegiate events of this caliber, and we could not be more excited to bring these talented players and coaches to The Palm Beaches for what will be a tremendous display of golf.”

The site for the championship, the Champion Course at PGA National Resort & Spa, is one of the most celebrated golf venues in Florida. The course, featuring a famed stretch of finishing holes called the “Bear Trap,” is home to championship events at all levels of the sport including the PGA Tour’s The Honda Classic. The world-renowned course, redesigned by Jack Nicklaus in 2014, features five sets of tees, ensuring its playability to golfers of all levels.

Palm Beaches Spartan Sprint Weekend Set for Boca Raton Return PALM BEACH COUNTY, Fla. -- The Palm Beach County Sports Commission is partnering with Spartan Race, Inc. to once again host the Palm Beaches Spartan Sprint Weekend on April 23-24 at Burt Aaronson South County Regional Park in Boca Raton. Approximately 9,000 participants from across the United States are expected to compete in the event. Spartan Race, founded in 2010 and headquartered in Massachusetts, is the world’s largest obstacle race and endurance brand. More than 5 million people have crossed the finish line together at Spartan races across the globe. Spartan events focus on sport and athleticism, pushing the bodies and minds of competitors to the limit across miles of unforgiving terrain while they conquer signature obstacles such as the Spear Throw, Bucket Brigade, and Barbed Wire Crawl.

This event will feature Spartan’s signature “Sprint” style race, which encompasses a distance of 3+ miles and approximately 20 obstacles. Obstacles will include fire jumps, tall walls, monkey bars, rope climbs, and more. Racers have the option to enter one of three different divisions. For the most competitive racers, there is the Elite division, which is held first thing in the morning. Racers can also compete by age group (14-17, 18-24, 25-29, 30-39, 40-49, or 50+), or they can simply enter the open division for more recreational racers. Consistent with Spartan events around the world, the Palm Beaches Spartan Sprint Weekend will feature a youth race, for those ages 4-13 years old, where they are put to the test against age-appropriate obstacles and race distances. While some parents will compete while their kids are racing, many attend as spectators and cheer on the youth.

The Palm Beach County Sports Commission projects a strong economic impact will be generated from the Palm Beaches Spartan Sprint Weekend. With an influx of visitors, the event is expected to create $2.6 million in visitor spending for Palm Beach County while filling thousands of hotel rooms.

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 versatile sports venues in Palm Beach County. This comprehensive gem, owned and operated by Palm Beach County Parks and Recreation, includes four lighted baseball fields of varying dimensions, four lighted softball fields, five lighted multipurpose fields, 12 lighted racquetball courts, 19 tennis courts, and five volleyball courts. The park also is home to the lush Osprey Point Golf Course, a 27-hole layout of three nine-hole courses that consistently ranks in the top 50 public golf courses in America. Water skiers enjoy the thrill of making waves at the on-site Water Ski Training Center, where up-and-coming and accomplished skiers hone their skills. “Palm Beach County will be home to a Spartan race for the third time in the last four years. Spartan is the world’s prominent organization that promotes obstacle course racing and endurance sports. Spartan participants have incredible brand loyalty and travel from all corners of the globe to experience these races. Our Sports Commission is confident that the Palm Beaches Spartan Sprint Weekend will offer an unbeatable experience, from the competition viewpoint and destination qualities.”

Memorandum

Date: 4/25/22 To:

TDC Board

From: Michael Zeff

Subject: Palm Beaches LGBTQ+ Fam Tour and Focus Group The Palm Beach County Sports Commission hosted a select group of LGBTQ+ sports leaders in The Palm Beaches for an LGBTQ+ familiarization tour and advisory panel, which took place April 7-10, 2022. This key group of industry leaders toured sports venues in The Palm Beaches to discuss bringing a range of sports events to our destination and later met with our Sports Commission team for a lively discussion and focus group on how The Palm Beaches can build on its strengths to become a leader in hosting national and international LGBTQ+ sports events.

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

The group included sports leaders from local, national, and international sports organizations and media. Participants included: 1. Eric Carlyle - CEO of Compete Sports Diversity Council. The Compete Sports Diversity Council is comprised of over 125 member LGBTQ+ sports organizations reaching over 250,000 participating members. Compete Sports Diversity is a Global Leader in Sports Diversity and has been publishing Compete Magazine, the world’s only LGBTQ+ sports magazine since 2006. Compete Sports Diversity Unites the World Through Sports by connecting, educating, empowering, and inspiring mission has driven LGBTQIA+ and allied sports and community leaders, sports organizations, non-profit groups, tourism partners, corporate partners, and athletes to further sports diversity together through our membership, media, and event platforms. 2. Connor Shane - USA Racquetball Director of National Events. USA Racquetball is the National Governing Body for the sport of racquetball being recognized by the U.S Olympic Committee. USA Racquetball hosts national and international racquetball events throughout the US. 3. Tyler Foerster - Founder/owner, LGBTQ+ influencer of the United States Gay Sports Network. United States Gay Network is growing with new cities, leagues, and tournaments all around the United States. United States Gay Network focuses on being the premier website enabling the community to locate sports leagues and tournaments and to guide players to online websites and social network platforms. The United Sports Gay Network website is the only LGBTQ+ Sports website that connects you with leagues and tournaments. 4. Dominic Grasso - Commissioner for the South Florida Flag Football League. South Florida Flag Football League is the premier LGBTQIA Flag Football Organization located in South Florida and is a member of the National Gay Flag Football League. Collaboration with this league will be required as we look to host national LGBTQ+ flag football events. 5. Mashonda Gilmore - Founder & director of the Lynn Lewis Foundation (LLF). This non-profit organization was founded in 2007 and was created to increase breast cancer awareness within the women’s flag football community across the nation. This foundation hosts several national women’s flag football events nationwide. 6. Terry Dyer - multi-sport organizer and influencer in volleyball and tennis. CEO, Executive Director of the World Aids Museum, collaboration will be helpful as we look to host national LGBTQ+ events and better position our destination to host LGBTQ+ sports events. 7. Gus Penaranda – Board Member International Gay & Lesbian Football Association. The International Gay & Lesbian Football Association (IGLFA) was founded in 1992 to help promote and foster the growth of LGTBQ football worldwide. Since IGLFA’s creation, more than 100 teams/clubs representing over 30 countries have joined and participated at IGLFA competitions.

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

The FAM tour included a visit to the International Polo Club for the LEXUS International Gay Polo Tournament, the largest LGBTQ+ sports event in The Palm Beaches.

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

Discover The Palm Beaches hosted a concurrent media Fam Tour to help to publicize the warm, friendly, and welcoming nature of The Palm Beaches and the rich sports landscape of the destination. Cultural Council for Palm Beach County welcomed our FAM group to their gallery for a Be Seen Be Heard LGBTQ+ exhibit during the Fam Tour. This exhibition included artists who identify as LGBTQ+ as well as artists whose work interrogates issues of rights, representation, and the lived experience of LGBTQ+ individuals.

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

Memorandum

Date: To:

April 21, 2022 Board of Directors

From:

Sports Marketing

Subject: “More than a Game: Champions in the midst of desegregation” Historical Society of Palm Beach County Partnership

The Palm Beach County Sports Commission partnered with the Historical Society of Palm Beach County in hosting a special exhibit at The Richard and Pat Johnson Palm Beach County History Museum in addition to a virtual show that celebrated one of Palm Beach County’s greatest sports teams. The Palm Beach County Sports Commission was the presenting sponsor for a special exhibit and virtual show named “More than a Game: Champions in the midst of desegregation”. This exhibit was created to celebrate Black History Month and shine a spotlight on the 1967-68 Roosevelt Junior-Senior High School Basketball Team, which represents a powerful moment for Palm Beach County’s sports scene and created a legacy of greatness and triumph. The partnership represents an action to support the Sports Commissions EDI (Equity, Diversity, and Inclusion) initiatives in addition to promoting showing commitment for EDI to the global sports tourism industry.

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

Summary of “More than a Game: Champions in the midst of desegregation”. The 1967-68 basketball season of Roosevelt Junior-Senior High School in West Palm Beach was history in the making. Coach Floyd Andrews led his team to an astonishing 27-0 undefeated season and a state title during the first year of integrated play. Roosevelt had become the first black school to truly be a champion of all Florida. Roosevelt also represented Palm Beach County’s first high school basketball team to win a state championship. This Roosevelt basketball team represents one of the most momentous victories for Palm Beach County, both on the court and off the court. On the court, this team was unbelievably talented. Off the court, the team broke barriers and created a tight-knit community with high standards. In 1970, the school would close as part of the long-delayed process of desegregation. Virtual Program: The Historical Society of Palm Beach County produced “More than a Game: Champions in the midst of desegregation” virtual panel, which originally aired on Thursday, February 10 at 4:30pm. This digital show featured a panel discussion about the historic Roosevelt basketball team. Palm Beach County Sports Commission executive director, George Linley, provided remarks during the opening of this broadcast. The event spotlighted the Palm Beach County Sports Commission and the county’s diverse sports landscape and history. The virtual program was aired three times per week through Black History Month during the following times: Mondays at 11:30 a.m. Thursdays at 4:30 p.m. Saturdays at 4:30 p.m. The following channels presented this virtual program: PBC TV Channel 20 is available 24/7 on Comcast Xfinity Channel 20 AT&T U-verse Channel 99 Hotwire/Fision Digital Access Channel 20 Atlantic Broadband video service Channel 76. You can also watch the channel live or “on-demand” online at Palm Beach County’s website, www.pbcgov.com or by going to www.pbctv.com. “More than a Game: Champions in the midst of desegregation” virtual show remains on pbchistory.org and www.palmbeachsports.com. This video will be used in marketing presentations tailored for targeted audiences of events rights holders and sports event planners. This video will promote Palm Beach County’s triumphs and historical moments for sports to tourism partners.

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

Exhibit: The Palm Beach County Sports Commission’s sponsorship supported the “More than a Game: Champions in the midst of desegregation” exhibit, which lasted during the entire month of February. The Richard and Pat Johnson Palm Beach County History Museum attracts residents and visitors. The museum is a tourism asset, and the Palm Beach County Sports Commission was aligned with the 1967-68 Roosevelt High School undefeated basketball team that broke barriers.

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

Media: The Palm Beach County Sports Commission was included as the presenting sponsor for “More than a Game: Champions in the midst of desegregation” in all media releases and digital media promotions. See the below example:

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

Palm Beach County Sports Hall of Fame: The Palm Beach County Sports Commission expanded the recognition and celebration of the 1967-68 basketball season of Roosevelt Junior-Senior High School by honoring the entire team during the 45th Annual Palm Beach County Sports Hall of Fame Celebration. The team received the Palm Beach County Sports Hall of Fame Legacy Award. Roosevelt’s head coach, Coach Floyd Andrews, and team members Rick Easley, James Smith, and Henry Schlappy attended the event. The tribute to the undefeated Roosevelt basketball team, which won a state championship during the first year integrated, generated significant local media coverage and national media attention. The recognition also brought awareness of Palm Beach County to the national sports event industry.

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

Newsletter of the Palm Beach County Film and Television Commission | MAY 2022

IN THIS ISSUE 1

WEDDING BELLS

SHARK TANK

FARMER JAY

TRUE CRIME

AMAZING ANIMALS

ON THE TOWN

EVENT VENUES

FILM FLORIDA PODCAST - SEASON 4 May Guests: - Adam Vernier Actor , - Glen Roberts Chief of Entertainment Media for the United States Department of Defense

WEDDED BLISS IN THE PALM BEACHES A sprawling, multimillion-dollar oceanfront estate was the backdrop for the wedding of Brooklyn Beckham and Nicola Peltz. Beckham, 23, son of soccer legend David Beckham and former Spice Girl Victoria Beckham, and Nicola, 27, married at her parents’ Palm Beach estate. According to the New York Post, a star-studded guest list featuring the biggest names in sports and entertainment were in attendance, including Palm Beach County residents Venus and Serena Williams, quarterback Tom Brady and his supermodel wife Gisele Bundchen, celebrity chef Gordon Ramsay, actress Eva Longoria, and models Elizabeth Hurley, Gigi Hadid and Nicole Richie. Natalia Bryant, daughter of late basketball legend Kobe Bryant, along with Spice Girls’ Mel B., Mel C. and Emma Bunton were also in attendance. Despite the heavy security presence, paparazzi camped out trying to get glimpses of the festivities. A portrait of the bride in her custom Valentino couture wedding gown can be seen at VOGUE.com. According to the Palm Beach Post, the Peltz family’s 13-acre property is the second -largest, land-wise, on the island with an ocean-front mansion facing an elaborate guesthouse.

The Peltzes assembled their estate in 1987 and 1988 in deals totaling $21 million. They first bought the 1960s-era beachfront house known as Montsorrel and a garden lot across the street for a price reported at the time as $18 million, the most expensive residential property ever sold in Palm Beach up to that time. The next year, the Peltzes paid $3 million for adjacent properties west of North County Road, where they built the guesthouse. Property tax records estimate the property to be valued at more than $100,000,000. The Palm Beach Post also states that the Peltz estate generated property taxes of $2.3 million in the most recent billing cycle.

SSOF’S RETURN TO THE LIVE STAGE The Palm Beaches Student Showcase of Films (SSOF) is back! The 27th Annual Award Show took place at the Maltz Jupiter Theater on May 6, awarding $20,000 in cash and prizes to Florida’s aspiring student filmmakers. Actor, comedian, and host Frank Licari entertained the packed theater with his “Back To Reality” theme where everyone left the virtual world behind. Nearly 50 high schools and colleges from around the state were represented at this year’s event, which received more than 400 entries that were judged by 50 industry professionals from around the world. Winners were honored by special guests and celebrities such as TV star / rap icon Vanilla Ice and Film Director Ted Melfi (Hidden Figures). The SSOF is funded by the Palm Beach County Board of County Commissioners through the Department of Housing and Economic Sustainability. For more information, visit www.pbfilm.com/ssof

US POLO CHAMPIONSHIP Polo in The Palm Beaches was on full display for the entire world during the multi-event polo competition held at the International Polo Club Palm Beach in Wellington from February to April. Team Pilot took their 10th consecutive win Team Pilot since February to recapture the US Championship title they held back in 2019 when the Gauntlet of Polo tournament was originally launched. Team Pilot secured two of the three tournament titles, winning the Gold Cup and the US Open Championship. Every thrilling minute of the tournament was broadcast on Global Polo TV and ESPN. Meanwhile, a 30-minute madefor-television series, ‘World of Polo’ presented by U.S. Polo Assn., will be available in the near future on ESPN’s Video On-Demand platform. 4.D.

FOCUS ON FILM SHARK TANK UPDATE ON LOCAL DUO When West Palm Beach siblings Michael and Shirah Benarde made their first appearance on the hit ABC series, Shark Tank in February 2021, they scored one of the fastest deals in the show’s history with investor Lori Grenier. Grenier invested $60,000 for a 25% stake in Michael and Sarah Bernarde their company, which produces NightCap, a drink-spike prevention device that can be worn as a hair scrunchie or wristband until needed to cover a beverage. Shirah Benarde created the product while still in high school, after learning from friends about the prevalence of drink contaminations; her brother Michael developed the prototype. The duo returned to Shark Tank last month to give an update on their business. Through their partnership with Grenier, NightCap is sold at 75 universities in the U.S. and 20 in Great Britain. According to a recent feature in the Sun-Sentinel, the pair has earned $170,000 in sales in on month last quarter. Michael, 24 and Shirah, 19 both work fulltime for their company. For more information, visit their website NightCapIt.com

FTC WELCOMES MARCIA AND ISIDRO The Palm Beach County Film and Television Commission welcomes two new members to its team of professionals, Dr. Marcia Lyons and Dr. Isidro Pentzke. Marcia will serve as the FTC’s new Executive Administrator while Isidro - who goes by Sid – works as the FTC’s Digital Media and Marketing Specialist. Both Marcia and Sid are underwater photographers with experience in production. Marcia, who received her doctorate from Auckland University of Technology in partnership with the European Graduate School in Switzerland, founded Critical Mass TV (CMTV), which partnered with the BBC’s iTV network and was sponsored by INTEL and WETA/NZ. Sid graduated from Lynn University as a Doctor of Education and is currently an adjunct professor at Palm Beach State College. Professionally, Sid is a published photographer and artists who recently taught specialty classes at The Palm Beach Photographic Center. Learn more about the FTC’s Staff at pbfilm.com/staff-directory.

OMAZING SUPERCAR PHOTOSHOOT FARMER JAY COMING TO PBTV A “fresh” new television series is sprouting up on ThePalmBeaches.TV! Growing Green with Farmer Jay explores new and exciting environmentally conscious topics in the agriculturally rich environment that is Palm Beach County. Each episode will explore a topic that relates to environmental conservation, farming, renewable resources and other related topics. Jason McCobb (aka Farmer Jay) has been an agricultural advocate for more than 15 years and has dedicated himself to teaching, building, farming and inspiring others. From backyard gardens to recycling to invasive species, Farmer Jay will explore it all! Local company Apex Productions will produce the series, and half-hour episodes will air on PBS stations throughout the USA. For more information, visit https://www.myfarmerjay.com/

When crews think of The Palm Beaches, they think of The Perfect Place -where the sun is always shining and the palms are always swaying, making it the perfect backdrop for production. That’s why Omaze, a fundraising platform that offers the chance to win once-in-a-lifetime prizes to support charities, chose Palm Beach County for their latest project. “For this particular campaign, which launched on May 2, we are giving away a brand new Super performance MKIII-R which will support the Petersen Automotive Museum Foundation” notes Senior Manager, Matt Perez-Mora. “We absolutely loved filming on the A1A at the corner of Casuarina and A1A - the view was absolutely breathtaking and provided so many different looks for our production needs. Learn more about Omaze and this project by visiting https://www.omaze.com/.

FACEBOOK WATCH PARTY REACHES ONE MILLION PEOPLE More than a million people have logged on to join The Palm Beaches.TV’s Facebook Watch Party series during the past 20 months. What began as a marketing effort at the onset of the COVID-19 pandemic, has evolved into an effective means for consistently engaging and informing viewers worldwide about the plentiful assets that can be enjoyed in The Palm Beaches. The series, which highlights content from The Palm Beaches.TV, streams each Tuesday at noon on The Palm Beach County Film and Television Commission’s Facebook page. Glenn Jergensen, Executive Director of The Palm Beach County Tourist Development Council hosts, along with Lauren Tobin of The Palm Beach County Film and Television Commission. To join the event on any Tuesday, visit our Facebook page at noon Eastern time.

FOCUS ON FILM ON THE TOWN’S ECO ADVENTURES A new episode of the Palm Beaches TV’s signature lifestyle series, On the Town in The Palm Beaches featuring actor/director and series host Frank Licari, explores all the planet-friendly activities that The Palm Beaches has to offer. This eco-adventure episode will highlight conservation efforts both big and small, showing how our communities can work together to save the planet in different ways. Take a native plant class at Mounts Botanical Gardens, recycle your unwanted materials to Resource Depot, or explore conservations efforts by paddle boarding down the Lake Worth Lagoon. Catch these eco-adventures in full and on Demand by visiting thepalmbeaches.tv/town-palmbeaches/

TRUE CRIME IN THE PALM BEACHES Sundance TV, an American pay television channel owned by AMC Networks, had one of their true crime shows filming here in The Palm Beaches. The production company was able to shoot at multiple locations throughout Palm Beach County including The City Hall Plaza, Flagler Memorial Bridge and the Historic 1916 Courthouse in West Palm Beach. The show is titled Indefensible. It’s a comedic true-crime series hosted by American comedian and writer Jena Friedman who travels the country to uncover real cases. Unlike most true crime shows, she dives deeper to reveal the “why” and “how” not only of crimes themselves, but of the structural problems within the criminal justice system. Check out the show at www.sundancetv.com/shows/true-crime-story--1033492

MOVIE MONEY CONFIDENTIAL Burt Reynolds' last film, Movie Money CONFIDENTIAL, was released on 14 Video On Demand sites in the U.S. and U.K. on March 1. The feature-length documentary has outperformed expectations, garnering huge audience approval ratings and critical praise from multiple certified movie critics. The audience rating on Rotten Tomatoes is 100%, five-stars (out of five) on Amazon with a 95% viewer rating on IMDb. Critic Michael Szymanski says, “The brilliance of this movie is that writer/director Rick Pamplin shows how he is getting financing for THIS VERY MOVIE, while making the movie.” The film was created by the award-wining Palm Beach-based Pamplin Film Company with Maggie Pamplin and Scott duPont producing. The project was inspired by Palm Beach author Louise Levison's best-selling book Filmmakers and Financing, now in its ninth edition. For a full list of VOD sites streaming the film, visit moviemoney.com.

AMAZING MARINE LIFE IN PBC The space beyond the pavement and under the water is home to a wide variety of sea creatures that delight and excite those with a discerning eye for detail. Blue Heron Marine Park in Riviera Beach offers a new experience with every visit and those experiences are incredibly rewarding when they are captured for all time with photography. Jim Abernethy is committed to capturing the underwater world on film and has logged over 150 hours of footage under the bridge for a project that will air on the Dodo and ThePalmBeaches.TV. It’s rare indeed to see a mother octopus with her clutch of eggs as captured on March 7th by Lana Smithson who spends the winter in the water underneath the Blue Heron Bridge. For more info about underwater locations please visit pbfilm.com/ locations or contact our office.

CELEBRATING CARIBBEAN CULTURE WITH FRANK LICARI An upcoming episode of the popular lifestyle series, On the Town in The Palm Beaches with Frank Licari will recognize South Florida’s Caribbean community. Artists, musicians, chefs, and small business owners from Jamaica, Haiti, Costa Rica and more will be featured. “The Caribbean community is an integral part of life in Palm Beach County. I had an absolute blast dancing, tasting, and absorbing the rich flavors of Caribbean culture,” says host Frank Licari. I’m sure our audience will enjoy these experiences as much as I did.” The show will air on South Florida PBS and on ThePalmBeaches.TV during the month of June, when Caribbean Heritage is celebrated in the U.S.

FOCUS ON FILM FLASHBACK FEATURE: STRIPTEASE Striptease, a 1996 film based on the novel by Floridian crime writer Carl Hiaasen, centers on an FBI secretary-turnedstripper who becomes involved in both a child-custody dispute and corrupt politics. Actress, Demi Moore, plays the main role of Erin Grant, the former FBI office assistant who needs money to fight the legal case to get her child back. As a result, she takes a job dancing. Another actor, considered a sex symbol and icon of American popular culture was local legend and icon, Burt Reynolds, who played Congressman David Dilbeck, a club goer who becomes infatuated with the former FBI secretary. See more of the noteworthy cast on https://www.imdb.com/title/tt0117765/

LOCATION SPOTLIGHT FILM FRIENDLY EVENT SPACES Special events come in all shapes and sizes and the right room can really set the scene. Palm Beach County is home to several municipal options that offer surprising settings as a backdrop for productions. Whether you want an ocean in the distance or a place that evokes a sense of history or a modern marvel there is a lot to choose from in The Palm Beaches. The Mirror Ballroom in Lake Park’s Town Hall is a hidden gem with pickled pecky cypress ceilings and arched windows. Built in 1927 the room is elegant with cream-colored walls and taupe textiles. Wide staircases lead the way to this upper room with medium wood tone floors that are original to the room. The Delray Beach Golf Club offers a sprawling coastal structure with lots of green space and hardscaping for backdrops on the outside and elegant rooms on the inside with a copula entry space that feels right for many occasions. Established in 1923 the Club is steeped in history and owned by the City of Delray Beach. The Ballroom at the Lake Worth Beach Casino Building is an oceanfront venue. The Casino building underwent a complete renovation that transformed the ballroom into a modern and elegant room with large windows and wrap around terraces for a variety of looks with long lines in one location. For more info about filming in The Palm Beaches please visit us online at pbfilm.com/locations we are happy to discuss your needs and offer suggestions.

EDUCATION CORNER THE ARTY GOLF CLASSIC The annual Arty Falk Memorial Golf Classic swung into action this month. The event, hosted by Palm Beach Gardens High School (PBGHS), took place Saturday, May 7, at the Sandhill Crane Golf Club in Palm Beach Gardens. Named after the school’s Five Star Magnet Program founder Arthur (Arty) Falk, the fundraiser benefits the award-winning program that offers students unique courses and opportunities to prepare them for top post-secondary schools and future careers. Arty, who was adored by generations of students at PBGHS passed away August 9, 2021 after a decades long battle with cancer. However, his legacy lives on and the school’s Five Star Magnet Program continues to honor Arty’s vision by providing qualified students with superior academic experiences in disciplines such as: Global Business & Entrepreneurship; Sports Management and Recreation; Tourism, Hospitality and Resort Management; Pre-Medicine; Culinary Arts; and Television & Film Production Technology. Arty’s dedication to education extended beyond the classroom -he coached girls’ basketball, loved announcing the football games, and led the Homecoming Parade Kazoo Band every year. He also immersed himself in volunteer work with organizations such as Relay for Life, Kayla Cares 4 Kids, and Junior Achievement. The iconic Arty Falk Golf Classic will forever bear his name as a memory of his numerous charitable efforts. Learn more about the Five Star Magnet Program at: https://pbgh.palmbeachschools.org/school_info/ five_star_magnet_program

* Co-Editors: Phyllis Man and Christy Tricoli *Assistant Editor: Kelly King | To be included in this newsletter please call 561.233.1000 or email Ctricoli@pbfilm.com

BOARD OF COUNTY COMMISSIONERS

PALM BEACH COUNTY FILM & TELEVISION COMMISSION Film Commissioner Chuck Elderd | Deputy Film Commissioner & Director of Finance Michelle Hillery Director of Operations Alberto Jordat | Locations & Creative Marketing Specialist Kelly King PR & New Marketing Strategist Lauren Tobin | Senior Production Coordinator Stephanie Cardona Executive Administrator Marcia Lyons | Digital Media & Marketing Specialist Isidro Pentzke

PRODUCTION HIGHLIGHTS REPORT TDC BOARD MEETING (05-12-22) PRODUCTION UPDATES FROM SPONSORSHIP PROGRAM -The Palm Beaches TV Facebook Watch Party series launched June 9, 2020 with a feature on The Perfect Place film. More than 100 episodes have been completed and the campaign is midway through Season 8. Airs every Tuesday at noon. -Honda Classic All Access 2022 is completed and in postproduction to air on Scripps stations throughout Florida. -The Palm Beaches TV is in approximately 4500* hotel rooms and public spaces across the County. The Seagate has added PBTV content to all rooms through their entertainment system. It is airing on their “hotel channel.” *One Bahamas Cruise ship has sold. -Travels and Traditions with Burt Wolf completed an episode called “Teach Me

Something New”. This episode has already aired on PBS market(s) in the North East; airdate on South Florida PBS is pending. Two new episodes (culinary and shopping) are currently in production. -On The Town in The Palm Beaches has officially changed the name of the show to include host Frank Licari. Black Voices Part 2 aired in March. An eco adventures episode will air to coincide with Earth Day programming in late April. A Caribbean heritage episode is in preproduction. -ScubaNation is in production of 2 new episodes, Big Animal Action and Diving with a Purpose. Working in partnership with Discover The Palm Beaches and ERM. New episodes will be available early summer. -Time In Media/ Art Adventures of The Palm Beaches completed episode 5, dedicated to the art of food. The series is in partnership with the Cultural Council for Palm Beach County. Episode aired December 8 & 9 on South Florida PBS. -AA video is in production for Wild Palm Beaches often time using Benji Studt with ERM as a guest host. -AA Video is in production on America’s First Resort Destination with host Keli Ferguson (of ESPN and FOX29) -AA Video is in production on an additional episode of Passport to The Palm Beaches.

4.E.

PRODUCTION UPDATES FROM VISITING PRODUCTIONS

-National Geographic Studios out of Washington, DC is filming a documentary called “The Croc That Ate Jaws - Ancient Enemies” on the coast of Palm Beach County. -Little Minx out of Los Angeles, CA is filming a commercial for Gatorade with Serena Williams at the following locations: • Palm Beach County Convention Center • Howard Park -Creative Media Development Inc. out of Portland, OR is filming a commercial for Microsoft with Coco Gauff at the Delray Beach Tennis Center. -Cowboy Ninja Bear out of NY, NY is filming a video for Home Goods Dream Vibes at the home of social media influencer Tyler Cameron. -Brandstar Studios out of Deerfield Beach, FL is filming an episode of Lifetime TV’s Military Makeover at a private residence. -Tara Rehak Productions Inc. out of Jersey City, NJ is conducting a photoshoot for Express clothing catalogue and website at a private residence. -South Florida PBS, Inc. out of Boynton Beach, FL is filming parts of an episode of “On the Town in the Palm beaches with Frank Licari” on Caribbean American Heritage. -Wildstar Films LTD out of Bristol, UK is filming a segment of their documentary,

America’s National Parks at the Wakodahatchee Wetlands. -Karga Seven Pictures, LLC out of Los Angeles, CA is filming b-roll for a tv series called “Infamy: When Fame Turns Deadly” around WPB. COMBINE, INC. PICROW INC. D/B/A PICTURES IN A ROW out of Los Angeles, CA is filming a commercial for DetectTogether, a foundation aimed at early cancer awareness for first responders at Riviera Brach Fire Station and PBG Fire Station. -City Furniture Inc out of Tamarac, FL is conducting a photoshoot of the Birdie Floral Pop-Up Truck for their summer catalog at The Square. -Left/Right LLC out of New York, NY is filming b-roll for a tv series called “Indefensible with Jena Friedman” around WPB.

4.E.

-Franklin Sports Inc. out of Stoughton, MA is filming for their new apparel line at North County District Park. -Hutton Miller, LLC out of Boca Raton, FL is filming a commercial for QuickSurvive at Burt Aaronson South County Regional Park. -Ko-Mar Colour Productions Inc out of WPB, FL is filming a commercial for Sunny 1079 at Mizner Park. The Greater Delray Beach Chamber of Commerce out of Delray Beach, FL is filming for their Delray Morning Live show at Atlantic Community High School. -Walking Productions LLC out of Brooklyn, NY is filming a documentary of the Seminole War at Riverbend Park and Loxahatchee River Battlefield Park. -Ko-Mar Colour Productions Inc out of West Palm Beach, FL is filming a commercial for the law firm Lytal Reiter at Old School Square. -Hutton Miller, LLC out of Boca Raton, FL is filming a commercial for Ready

Rocker at Veterans Park. -Oludolapo Ajayi DBA Oludolapo Ajayi out of West Palm Beach is filming a

commercial for Nike Spec at Dyer Park. -Stept LLC out of El Segundo, CA is filming the exteriors of The Ben hotel for a marketing campaign. -Apogee Production LLC out of Culver City, CA is filming b-roll for a documentary titled CADS at Frenchman’s Forest Natural Area and Winding Waters Natural Area. -CNE Productions out of NY, NY is filming a video for a project called Open Door at a private residence.

4.E.

Palm Beach Convention Center FINANCIAL OPERATIONS ANALYSIS REPORT-BUDGET COMPARISON For the Six Months Ending March 2022 Period To Date Actual

Curr Budget

Year To Date Budget Var

Actual

OPERATING REVENUE SPACE RENTAL ADVERTISING INCOME NET BUILDING SERVICES REVENUE NET F&B REVENUE NET PARKING NET EXHIBITOR SERVICES NET AUDIO VISUAL NET MISC INCOME(EXPENSE)

413,869 0 97,937 216,547 86,709 0 26,149 (8,434)

298,000 0 40,300 20,600 48,600 0 8,600 (6,370)

115,869 0 57,637 195,947 38,109 0 17,549 (2,064)

TOTAL OPERATING REVENUE

832,777

409,730

423,047

OPERATING EXPENSES EXECUTIVE MARKETING FINANCE EVENT PRODUCTION OPERATIONS - ADMIN/OVRHEAD OPERATIONS - SECURITY OPERATIONS - IT OPERATIONS - PARKING OVERHEAD

28,858 25,980 12,201 23,687 153,930 26,490 7,560 18,696 31,375

30,870 36,510 19,610 27,020 190,860 29,110 14,530 25,060 29,260

2,012 10,530 7,409 3,333 36,930 2,620 6,970 6,364 (2,115)

TOTAL OPERATING EXPENSES

328,777

402,830

NET OPERATING INCOME (LOSS)

504,000

Annual Budget Budget Var

Actual

Annual Annual Budget

Budget Var

259,908 384,149 321,654 35,232 189,212 277,529

1,144,000 0 222,700 483,700 206,100 42,000 133,000 5,780

(47,173) 0 37,208 (99,551) 115,554 (6,768) 56,212 271,749

1,096,827 0 259,908 384,149 321,654 35,232 189,212 277,529

1,832,000 0 330,200 1,037,000 342,000 121,000 270,300 (32,500)

2,564,511

2,237,280

327,231

2,564,511

3,900,000

(1,335,489)

180,909 172,283 56,365 154,878 874,848 126,981 68,410 116,211 172,664

193,730 233,750 139,490 170,290 1,205,430 180,580 113,360 172,240 175,060

12,821 61,467 83,125 15,412 330,582 53,599 44,950 56,029 2,396

180,909 172,283 56,365 154,878 874,848 126,981 68,410 116,211 172,664

435,000 493,000 272,000 349,000 2,432,000 361,000 234,000 345,000 379,000

254,091 320,717 215,635 194,122 1,557,152 234,019 165,590 228,789 206,336

74,053

1,923,549

2,583,930

660,381

1,923,549

5,300,000

3,376,451

6,900

348,994

640,962

987,612

640,962

(1,400,000)

2,040,962

11,331

5,831

11,331

504,000

6,900

348,994

629,631

(352,150)

981,781

629,631

(1,450,000)

2,079,631

Balance Brought Forward Transfers In 1st Cent Fund Statutory Holdback Pool Investment Interest Income City of WPB Contributions Statutory Holdback Return PYF Total Direct County Revenue*

384 384

5,264 5,264

(4,879) (4,879)

2,274 2,274

750,000 (105,330) 31,581 125,000 801,252

(750,000) 105,330 (29,307) (125,000) (798,978)

2,274 2,274

2,004,183 1,500,000 (210,659) 63,162 250,000 3,606,686

(2,004,183) (1,500,000) 210,659 (60,888) (250,000) (3,604,412)

Direct County Expenses Legal Services Insurance & Surety Bonds Inspector General Fee Materials/Supplies Operating/Other Operating Expenses Indirect PBCCC Incentive Funding Total Direct County Expenses*

417 47,500 1,313 525 21,887 14,333 85,974

4,492 32,158 45,150 81,800

2,500 285,000 7,875 3,150 131,319 86,000 515,844

2,500 285,000 3,383 3,150 99,161 40,850 434,044

4,492 32,158 45,150 81,800

5,000 570,000 15,750 6,300 262,638 172,000 1,031,688

5,000 570,000 11,258 6,300 230,480 126,850 949,888

(73,811)

430,089

550,105

(66,743)

616,847

550,105

1,124,998

(574,893)

OPERATIONAL CAPITAL EXPENSES NET OPERATING INCOME (LOSS) AFTER CAP-X

Net Income (Loss)

504,384

1,096,827

Curr Budget

(346,650) 5,500

50,000

(735,173) 0 (70,292) (652,851) (20,346) (85,768) (81,088) 310,029

(38,669)

4.F.

TDC Marketing Report – May 2022 May Events

TDC Monthly Marketing Report Event Name

Status

Type

Start Date

End Date

Room Nts

Lynn University Spring Commencement Legal Aid Society Pro Bono Gala Governor's Hurricane Conference EIC Investor Conference JayLee Medspa Expo Korea Tae Kwon Do Martial Arts Permissionless PBC Fire Rescue Awards Ceremony Revolution Talent SLAM High School Senior Graduation My Teacher My Hero PB Home Design and Remodeling Show Chamber of Commerce Breakfast TLE VPK Graduation The Open Door Way TCCHE Speaker Series

Definite

Meeting

Definite

Banquet

Definite

Convention

Definite

Conference

Definite

Meeting

Definite

Meeting

Definite

Conference

Definite

Banquet

Definite

Consumer

Definite

Meeting

05/05/22 05/07/22 05/07/22 05/14/22 05/14/22 05/14/22 05/16/22 05/20/22 05/20/22 05/20/22 05/21/22 05/24/22 05/26/22 05/26/22 05/27/22 05/28/22

05/06/22 05/07/22 05/13/22 05/17/22 05/14/22 05/14/22 05/19/22 05/20/22 05/22/22 05/20/22 05/21/22 05/31/22 05/26/22 05/26/22 05/27/22 05/31/22

0 0 3,216 1,116 0 0 6,000 0 0 0 0 0 0 0 0 600

Definite

Banquet

Definite

Consumer

Definite

Banquet

Definite

Meeting

Definite

Banquet

Definite

Meeting

Social Media Social Media Followers Facebook –8,598 (March) to 8,631 (April) Instagram –2,248 (March) to 2,263 (March) LinkedIn – 112 (March) to 217 (April)

Facebook Monthly Total People Reached –294,338 (March) to 96,643 (April) Post Engagements –42,917 (March) to 13,388 (April) Page Likes –70 (March) to 23 (April)

Instagram Monthly Total Interactions –278 (March) to 138 (April) Impressions –5,087 (March) to 2,400 (April) Reach –1,362 (March) to 636 (April) Generate Profile Visits –685 (March) to 199 (April)

LinkedIn Profile Views – 55 (March) to 111 (April) Post Views – 435 (March) to 726 (March) Search Appearances – 11 (March) to 52 (April)

Google Analytics

Media

MEDIA ALERTS MeMed to Participate in Upcoming Conferences - GlobeNewswire Microbiolgy Clinical Virology Symposium (CVS). Date: 1-4 May, 2022; Booth: 523; Location: Palm Beach Convention Center, West Palm Beach, FL.

Mint Eco Car Wash Wins The Palm Beach Post's "Best Car Wash in Palm Beach County" Award Three finalists from each category were invited to the awards ceremony on March 24 at the Palm Beach Convention Center. The entire Mint Eco Team

New Woodie's Wash Shack locations create 'corridor of dominance' Three finalists from each category were invited to the awards ceremony on March 24 at the Palm Beach Convention Center.

Events Roundup: What to Do This May in The Palm Beaches The Palm Beaches Florida |Hosted by the Palm Beach County Convention Center, the Palm Beach Home Design and Remodeling Show will showcase hundreds of exhibitors and ... NEWS

Ben Shapiro comes to Iowa State | News | iowastatedaily.com Iowa State Daily Ben Shapiro speaks with attendees at the 2019 Student Action Summit hosted by Turning Point USA at the Palm Beach County Convention Center in West ...

Questex's International Beauty Show (IBS) and International - GlobeNewswire Florida, October 9-10, 2022 at the Palm Beach County Convention Center in Palm Beach, Florida. Visit iecscflorida.com for more information ...

Travel calendar: May events and festivals throughout Florida and the Caribbean - Sun Sentinel May 27-30: Home Design & Remodeling Show, Palm Beach County Convention Center, 650 Okeechobee Blvd., West Palm Beach, homeshows.net.

TRBusiness 90 Second News Update | Travel Retail Business as registered delegates totaled 878 over the course of the four-day event held at the Palm Beach County Convention Center (10-13 April)…

Questex's International Esthetics, Cosmetics & Spa Conference (IECSC) Chicago Delivered ... Yahoo Finance - Florida, October 9-10, 2022 at the Palm Beach County Convention Center in Palm Beach, Florida. Visit iecscflorida.com for more information.

SA Fashion Week 2022 (April 2022), Johannesburg - South Africa - Trade Show - Fibre2Fashion Fibre2Fashion - Palm Beach County Convention Center, West Palm Beach, ... 24th Apr, 2022 to 26th Apr, 2022. Alaska Fashion Week 2022.

Summit of the Americas confirmed for West Palm Beach to 2024 - DFNI... is confirmed to take place at the Palm Beach County Convention Center in West Palm Beach, Florida for the next two years.

Watch: Tucker Carlson has a bizarre reason why he believes the media will minimize the NY ... AlterNet - Tucker Carlson speaking at the 2018 Student Action Summit, hosted by Turning Point USA at the Palm Beach County Convention Center in West Palm ...

DEFINITE Room Rental by Month

Booked Date Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 ACTUAL $ BUDGET $ Variance $ Prospects $

Oct-21 87,525 87,525 87,525 87,525 87,525 87,525 87,525 87,525 87,525 87,525 87,525 87,525 87,525 $ 136,000

Nov-21 162,918 165,418 165,418 165,418 165,418 165,418 165,418 165,418 165,418 165,418 165,418 165,418 165,418 $

Dec-21 38,785 39,210 39,210 39,210 39,210 39,210 39,210 39,210 39,210 39,210 39,210 39,210 39,210 $

22,000

127,000

(48,475) $

143,418

(87,790) $

$ $

Jan-22 118,525 122,125 132,575 61,625 61,625 61,625 61,625 61,625 61,625 61,625 61,625 61,625 61,625 $ 105,000

(43,375) $ -

Feb-22 439,852 447,727 447,727 451,327 329,629

329629 329629 329629 329629 329629 329629 329629

5/4/2022

updated:

Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 328,219 192,262 327,933 0 30,000 101,135 135,688 369,069 194,112 362,583 50,000 30,000 101,135 135,688 391,819 228,762 382,633 54,500 30,000 101,135 135,688 402,993 228,762 350,663 54,500 30,000 101,135 135,688 422,194 245,312 390,108 156,681 41,813 101,135 162,913 413,869 264,493 400,073 156,681 48,563 101,135 187,476 413,869 249,787 400,073 161,681 64,313 101,135 192,976 413,869 249,787 411,748 161,681 109,927 101,135 192,976 413,869 413,869 413,869 413,869 413,869 $ 249,787 $ 411,748 $ 161,681 $ 109,927 $ 101,135 $ 192,976

$ $ $ $ $ $ $ $

TOTALS 1,962,842 2,104,592 2,196,992 2,108,846 2,203,563 2,255,697 2,267,241 2,324,530

329,629

456,000

298,000

203,000

195,000

29,000

80,000

41,000

140,000

$ $

2,324,530 1,832,000

(126,371) $

115,869

46,787

216,748

132,681

29,927

60,135

52,976

492,530

50,625

16,325

66,950

Cancels

April 2022 Project Status Report Department of Environmental Resources Management North County Comprehensive Shore Protection Project (NCCSPP) – Segment 2: Sand placement is now complete. This 1.5 mile dune project, located between Carlin Park and Karen Marcus Ocean Preserve in southern Jupiter, included the placement of over 27,500 cubic yards of sand, which was transported by truck from an upland sand mine. Additionally, approximately 40,000 native, salt-tolerant dune plants were planted to stabilize the restored dune. Dune and beach restoration projects are conducted by Palm Beach County in order to provide protection from storms, space for recreation, and habitat for a variety of wildlife. NCCSPP SEGMENT 2

PALM BEACH RESILIENT ISLAND PROJECT

Palm Beach Resilient Island Project: Project construction is underway. This project is a partnership between Palm Beach County, The Nature Conservancy (TNC), and the Florida Department of Environmental Protection (FDEP). An eroded, remnant mangrove island is receiving a makeover with the placement of 4,300 tons of sand and 1,200 tons of limestone rock to create new mangrove habitat and oyster reef substrate. TNC and FDEP each contributed $300,000 for construction of the 1.2 acre project. The project will test nature-based solutions to protect coastal communities from erosion and sea level rise, while also creating oyster reefs, mangroves, and nesting habitat for the American Oystercatcher. Construction is expected to be completed this summer.

Swallow-Tailed Kite Migration: After spending the fall and winter in South America, the acrobatic swallowtailed kites have returned to our area to breed. They historically nested in 21 different states prior to the early 1900’s, but currently nest in 7, with the majority of that population nesting in Florida. Staff have documented nests at several Natural Areas including Loxahatchee Slough, Cypress Creek, Sandhill Crane Wetlands, and Juno Dunes. ERM restoration efforts at all of the natural areas provide vital foraging and nesting habitat for this imperiled species.

SWALLOW-TAILED KITE

Palm Beach County Board of County Commissioners Robert S. Weinroth, Mayor, Gregg K. Weiss, Vice Mayor, Maria G. Marino, Dave Kerner, Maria Sachs, Melissa McKinlay, Mack Bernard

Cypress Creek Field Trip: Staff hosted a field trip for the Jupiter Environmental Research & Field Studies Academy’s 11th grade class at the Cypress Creek Natural Area. The buggy and hiking tour educated students on the historical and ecological significance of the natural area, as well as management activities and challenges, including restoration of the hydrology, removal of exotic vegetation, reintroduction of prescribed fire, maintaining public access, and more.

FIELD TRIP

NORTHERN PARULA

Listed Species Surveys: Staff have been busy conducting multiple listed species surveys. The spring migratory bird surveys have concluded and the data is being compiled and recorded. Staff also conducted a survey for the threatened hand fern (Ophioglossum palmatum). A record number of this species were observed during this year’s survey of the natural areas. Other routine monitoring events are ongoing throughout the County Natural Areas.

Insecticide Resistance and Aquatic Weed Control: ERM staff continues to monitor insecticide resistance in local mosquito populations. Staff have so far sampled 15 locations for Aedes mosquitoes and 21 for Culex mosquitoes. One of the locations yielded a mosquito sample with a rare knockdown resistance (also called kdr) mutation in its gene sequence. The University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) and ERM plan to collaborate to conduct further sampling of this mosquito population. ERM staff also conducted a treatment on the middle lobe of Lake Osborne for control of crested floating heart (a nonAEDES MOSQUITO EGGS native plant) to improve recreational opportunities on the lake. Mechanical Fuel Reduction: Mechanical fuel reduction activities have concluded at the following Natural Areas: Acreage Pines, Loxahatchee Slough, Royal Palm Beach Pines and Jackson Riverfront Pines. Fuel reduction activities are scheduled for the following natural areas: Hypoluxo Scrub, Winding Waters, and High Ridge Scrub. This carefully planned habitat restoration involves the removal of overgrown understory vegetation that could otherwise fuel an unchecked wildfire. This ecosystem service would ordinarily be provided by periodic fires, but ERM has not been able to conduct prescribed burns recently due the current weather and dry conditions. MECHANICAL FUEL REDUCTION

For more information on the prescribed fire program, visit our website at https://discover.pbcgov.org/erm/Pages/Prescribed-Fire.aspx.

Palm Beach County Board of County Commissioners Robert S. Weinroth, Mayor, Gregg K. Weiss, Vice Mayor, Maria G. Marino, Dave Kerner, Maria Sachs, Melissa McKinlay, Mack Bernard

PALM BEACH INTERNATIONAL AIRPORT TRAFFIC REPORT for the period ended March 2022

Mar 2022

Mar 2021

Percent Change

12 Months 12 Months ended Mar ended Mar 2022 2021

Percent Change

Total Passengers

769,450

469,188

64.0%

6,138,184

2,258,252

171.8%

Total Estimated Seat Capacity (1)

875,941

706,915

23.9%

7,617,752

4,168,449

82.7%

Estimated Load Factor (2)

87.8%

66.4%

21.5%

Total Cargo Tons (3)

2,838

2,901

-2.2%

30,890

30,575

1.0%

420,703

342,097

23.0%

3,702,218

2,156,196

71.7%

5,640

4,734

19.1%

50,300

28,632

75.7%

GA & Other Operations (5)

14,339

13,305

7.8%

121,324

87,913

38.0%

Total Operations (5)

19,979

18,039

10.8%

171,624

116,545

47.3%

Landed Weight (thousands of lbs) Air Carrier Operations (4)

80.6%

54.2%

26.4%

(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

4.J.

PALM BEACH INTERNATIONAL AIRPORT ENPLANEMENT TRAFFIC REPORT for the period ended March 2022 Airline Percentage of Market

Mar 2022

Enplaned Passengers Total Enplaned Passengers JetBlue Airways Delta Air Lines American Airlines United Frontier Airlines Southwest Airlines Allegiant Air, LLC Air Canada Spirit Airlines Avelo Airlines Inc Sun Country, Inc. a Minnesota Breeze Aviation Group, Inc. Bahamasair Swift Air

389,194 109,214 87,588 74,626 48,464 23,566 22,026 7,571 4,457 4,131 3,612 1,690 1,547 591 111

Market Share 100.00% 28.06% 22.50% 19.17% 12.45% 6.06% 5.66% 1.95% 1.15% 1.06% 0.93% 0.43% 0.40% 0.15% 0.03%

12 Months ended Mar 2022

Enplaned Passengers 3,071,574 777,957 677,163 668,558 431,980 151,962 227,126 60,446 9,419 39,454 10,205 8,752 1,995 5,995 562

Market Share

100.00% 25.33% 22.05% 21.77% 14.06% 4.95% 7.39% 1.97% 0.31% 1.28% 0.33% 0.28% 0.06% 0.20% 0.02%

PALM BEACH INTERNATIONAL AIRPORT TRAFFIC REPORT for the period ended March 2022 Change in Enplanements by Airline

Mar 2022

Total Enplaned Passengers JetBlue Airways Delta Air Lines American Airlines United Frontier Airlines Southwest Airlines Allegiant Air, LLC Air Canada Spirit Airlines Avelo Airlines Inc Sun Country, Inc. a Minnesota Breeze Aviation Group, Inc. Bahamasair Swift Air

Mar 2021

Enplaned Passengers

389,194 109,214 87,588 74,626 48,464 23,566 22,026 7,571 4,457 4,131 3,612 1,690 1,547 591 111

225,528 58,487 44,063 55,891 29,514 5,601 24,217 3,450 3,740 149 197 219

Change in Month to Month enplanements Change 163,666 50,727 43,525 18,735 18,950 17,965 (2,191) 4,121 4,457 391 3,612 1,541 1,547 394 (108)

Percentage Change 72.6% 86.7% 98.8% 33.5% 64.2% 320.7% -9.0% 119.4% n/a 10.5% n/a 1034.2% n/a 200.0% -49.3%

AIRPORTS COUNCIL INTERNATIONAL Monthly Airport Traffic Statistics West Palm Beach, Florida, United States of America Palm Beach International Airport for the period ended March 2022

Mar 2022

Mar 2021

5,458

4,536

182

198

5,640

4,734

General Aviation and Other Aircraft Movements

14,339

13,305

Total Aircraft Movements*

19,979

18,039

9,821

360

Domestic Passengers (enplaned + deplaned)

759,629

468,828

Total Terminal Passengers

769,450

469,188

Passenger Aircraft Cargo Aircraft Total Air Transport Movements

International Passengers (enplaned + deplaned)

International Cargo (loaded + unloaded)**

Domestic Cargo (loaded + unloaded)**

2,580

2,637

Total Cargo (loaded + unloaded)**

2,580

2,637

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

May 2022

FY2022 CONTRACT TRACKING REPORT CONTRACT/VENDOR

CONTRACTURAL EXPENSES

EFF DATE

EXP DATE

RENEWAL (and/or) STATUS

SPORTS COMMISSION (R2017-1634)

$5,009,539

10/1/17

9/30/22

1st Amendment (R2018-1467) 2nd Amendment (R2019-1488) 3rd Amendment (R2020-0919) 4th Amendment (R2020-1303) (R2021-1352)

CULTURAL COUNCIL (2017-1632)

$7,754,623

10/1/17

9/30/22

1st Amendment (R2018-1466) 2nd Amendment (R2019-1485) 3rd Amendment (R2020-0918) 4th Amendment (R2020-1304) 5th Amendment (R2021-1350)

FILM & TV COMMISSION (R2017-1635)

$1,724,260

10/1/17

9/30/22

1st Amendment (R2018-1468) 2nd Amendment (2019-1487) 3rd Amendment (R2020-0920) 4th Amendment (R2020-1301) 5th Amendment (R2021-1351)

$17,417,615

10/1/17

9/30/22

1st Amendment (R2018-1465)

DPBC (R2017-1633)

4.K. 1

May 2022 2nd Amendment (R2019-1486) 3rd Amendment (R2020-0917) 4th Amendment (R2020-1302) 5th Amendment (R2021-1349

SUBCONTRACTS OVER $100,000

DPBC-Miles Media Group LLLP Website Design & Dev. Services R2016-0222 Amend R2016-1429 R2019-0184

$474,240 annually including monthly fees of $2,020.

3/1/16

9/30/18

2-2 yr renewals

10/1/16 10/1/18 10/1/20

9/30/18 9/30/20 9/30/22

Amendment 1st - 2-yr renewal 2nd - 2yr renewal

$680,000 (not to exceed) $560,000 pd mo. $46,666.66 Optional services not to exceed $100,000. $360,000 pd mo. $30,000

10/1/18

9/30/20

one (1) 2-yr renewal one (1) 1-yr renewal

10/1/20

9/30/22

2nd of 2yr renewal

DPBC-Miles Media Group, LLP R2019-1070-media placement Services (supplement to R2018-1121)

$7,000,000 per year

10/1/19

9/30/20

one (1) 2-yr renewal one (1) 1-yr renewal 2nd -2yr. renewal

DPBC-Zimmerman Agency LLC R2018-1120 PR

$192,000 @ $16,000 mo. optional services not to exceed $58,000 for a total of $250,000 Contract Extension

$420,000, pd. mo. $30,000 DPBC-Miles Media Group, LLP R2018-1121 -Media Buy Creative

R2021-0160 R2021-0866

9/30/22 10/1/18

9/30/20

one (1) 2-yr renewal one (1) 1-yr renewal

9/30/21 4/1/21

3/31/21 3/31/22

Covid Extension one (1) 1-yr extension

May 2022 DPBC-Hills Balfour, LLC

DPBC-Simpleview, LLC (assigned From New Media Gateway, Inc.) Based destination Business System On-line packages R2014-1800 R2015-1743

R2019-0563

ASAE Marketing Partnership

Culture-Push, Inc. Marketing Services (R2016-0012)

DPBC-Professional

$49,000 annually

1/1/18 10/1/19 4/1/21

9/30/20 3/30/21 3/30/22

$237,225 base annual 10/1/14 includes CRM, CMS & web-site consulting development & hosting services

9/30/17

Sole Source w/auto renewals of 2, 2-yrs.

Amend Ex. C Fee Services Paragraph VII allows for one time setup fee of $8,000 to change email vendor Total cost $245,225 1st year $165,225 2nd year $130,000 3rd year

12/15/15

9/30/17

1st Amendment

10/1/17

9/30/19

1st of 2, 2-yr auto renewals

2nd Amend. Retro to 10/1/18 to revise Ex. A (Services) & to decrease Scope of Work. Decreases annual cost to $130,000 max, corrects rate change to (5%) and replace Ex. C Fee Schedule

10/1/18

9/30/19

2nd Amend, with one 2-year auto Renewal remaining

10/1/20

9/30/22

2nd of 2yr renewal

10/1/21

9/30/24

Initial Agreement

$201,000 annual fee not to 10/1/21 exceed $300,000 including travel and other out-of-pocket

9/30/22

Initial 1 yr. with option of 2, 2yr. renewals

$175,000

9/30/22

$408,000 $34,000 pd quarterly

10/1/19

amendment to suspend amendment to extend

May 2022 Convention Management Association (PCMA) (sole Source)

Amended 9/13/2020 decrease amount to $133,500

DPBC-Brand USA

$400,000

Fall 2021

Fall 2022

CC-Global Spectrum L.P.

2020 funding -

7/1/17

9/30/22

CC-Spectra Food Services

Benefits received $260,000 over term

10/1/15

9/30/22

DPBC-Vox International, Inc.

$30,000 annually

2/18/19

2/17/20

Suspended

2/18/20 2/18/21 10/1/21

2/17/21 9/30/21 9/30/22

2/18/19

2/17/20

2/18/20 2/18/21 10/1/21

2/17/21 9/30/21 9/30/22

2/18/19

2/17/20

2/18/20

2/17/21 - On hold

initial term, 4-1yr renewals 1st of 4-1yr. renewals

$30,000 annually, each

2/18/19

2/17/20

initial term, 4 – 1yr renewals

2/18/20 2/18/21 10/1/21

2/17/21 9/30/21 9/30/22

1st of 4-1yr. renewals

Suspended

10/1/21

9/30/22

2nd of 4-1yr. renewal

DPBC-LMG Management

$30,000 annually Suspended

DPBC_Interamerican Network Communicacao $30,000 annually E Marketing LTDA

DPBC-AviaReps (Mexico)

Colombia

$30,000 annually

initial term, 4-1yr renewals 1st of 4-1yr. renewals 2nd of 4-1yr renewals initial term, 4-1yr renewals 1st of 4-1yr. renewals 2nd of 4-1yr renewals

2nd of 4-1yr. renewal

(Brazil) on hold O:TDC/Tdcmtgs2022/ContractTrackingReport/Tracking Report February

5. OLD BUSINESS

To: Fr: Date: Topic:

Tourist Development Council Glenn Jergensen GJ May 9, 2022 TDC Dashboard May Report–Activity March and FYTD 2022

Bed Tax CollectionsMarch 2022 collected in April @ $11.4M compared to the same month last year @ $7.3M was an increase of 56%. Actual March was 70% above Budget and 15% above than the prior month @ 9.9M. Actual March was 45% higher than 2019, a new record for any March since reporting started. FYTD 22 Collections @ $50M, were higher than last fiscal year to date’s $26.7M by 87%, reflecting the continued recovery. Fiscal Year to Date collections at $50M are pacing 43% ahead of the Approved Budget. FYTD collections of $50M, 37% higher than our Record 2019 for the same Seven-month period. ____________________________________________________________________ Highlights Key Room Metrics: Rooms Sold for March 470,495 13.2% higher than last year. Rooms Available for March 570,989 2.3% higher than last year Hotel Rooms Active Today in the County 18,419 _______________________________________________________________________ Occupancy Mar. 2022 82.4% up 11.4% over last year Occupancy Mar. 2021 74.0% Occupancy Mar. 2019 86.1% Average Daily Rate Mar. $357.72, 38.7% higher than Last Year; 32% above 2019 Revenue/Available Room March 22 $294.90 higher than the prior March by 54.4% _________________________________________________________________________ Hotel Room Net Sales FY22 Year over Year Mar. Increased 56% @ $164M Non- Hotel Room Sales FY22 Year over Year Mar. Increased 25% @ $24M Hotel Room Net Sales FYTD 2022 Non- Hotel Room Sales FYTD 2022

Increased Increased

90% @ $695M 36% @ $130M

FYTD 2022 Taxable Revenues Fiscal Year over FY2021 Increased 79% @ $825M vs $462M FYTD 2022 Taxable Revenues Fiscal Year over FY2019 Increased 38% @ $825M vs $597M _______________________________________________________________________ Palm Beach International Traffic Total Passengers Mar. 2022 769,450 64.0% higher than Mar. 2021 Total Estimated Seat Capacity 875,941 24% higher than Mar. 2021 PBI Passengers 12 Month Rolling 6,138,184 172% increase to last year same period. ___________________________________________________________________________ Leisure & Hospitality Employment for Mar. 91,100 13.4% higher than the same month last year Hotel Employment 10,000 28.2% higher than last year F&B 60,900 14.5% higher than last year Arts & Entertainment 20,200 4.7% higher than last year

5.A.1 Palm Beach County Tourist Development Council 2195 Southern Boulevard, Suite 500, West Palm Beach, Florida 33406 D-(561) 233-3130 D-FACSIMILE (561) 233-3113

Tourist Development Council Dashboard Current Month 2022 vs. 2021 Fiscal Month 5.A.1 Monthly Gross Bed Taxes Collections (All)

Month- Net Rental Revenue $200,000,000 $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0

$24,276,758

$10,000,000

$19,375,926

$8,000,000

$163,617,672 $105,250,116

$7,334,261

$6,711,343

$6,000,000 $4,000,000

March-21 March-22 Net Non-Hotel Room Revenues Net Hotel Room Revenues

March 2022 Net Hotel Sales increased 56% over Last Year, Non-Hotel Sales increased 25% over Last Year

Gross Monthly Room Nights Sold 480,000 470,000 460,000 450,000 440,000 430,000 420,000 410,000 400,000 390,000 380,000

$11,422,604

$12,000,000

470,495

$2,000,000 $0

March-21

March-22

March-22 Budget

April Collections for March 2022 increased 56% over LY. Over last Month increased 15%; 70% above Budget

Gross Room Nights Available 575,000

570,989 570,000

565,000

415,710

560,000

558,000

555,000

March-21

March-22

March 2022 Hotel Room Nights Sold increased 13% over the same month Last Year.

Monthly PBIA Passengers 900,000

769,450

800,000 700,000 600,000 500,000

469,188

400,000

300,000 200,000 100,000

March-21

March-22

550,000

March-21

March-22

March 2022 Hotel Room Nights Available for Sale increased 2% over Last Year. 18,419 Rooms Open.

Monthly PBIA Passenger Capacity 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0

875,941 706,915

March-21

March-22

March 2022 Passengers through PBI increased 64% over March 2022 Est. Seat Capacity at PBI increased 24% over the same month Last Year. the same month Last Year. PBC TDC Monthly Scorecard May FY2022 Report-March 2022 vs 2021

Tourist Development Council Dashboard Fiscal Year 2022 vs. 2021 5.A.1 FY2022 Gross Bed Taxes Collections (All)

FY2022 Net Rental Revenue $900,000,000 $800,000,000 $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $0

$130,225,855

$60,000,000

$95,683,854 $694,780,995 $366,154,327

$30,000,000 $20,000,000

2022 Fiscal Year

FYTD 2022 Hotel Net Sales increased 90% over Last Year, Non-Hotel Sales increased 36% over Last Year

FY2022 Room Nights Sold 3,000,000

2,654,415

$0 2021 Fiscal Year

2022 Fiscal Year

Approved FY22 Budget

FYTD 2022 Collections increased 87% over Last Year, compared to FYTD Budget higher by 43%

FY2022 Room Night Inventory Available

3,891,885

3,900,000

3,880,000

2,001,581

3,860,000

3,840,000

1,500,000

3,820,000

1,000,000

3,800,000

3,796,976

3,780,000

500,000

3,760,000

3,740,000

2021 Fiscal Year

2022 Fiscal Year

FYTD 2022 Hotel Room Nights Sold increased 33% over Last Year

2021 Fiscal Year

7,000,000

6,138,184

6,000,000

Leisure & Hospitality Jobs 100,000 90,000

80,000

5,000,000

70,000

4,000,000

60,000

10,000 7,800 19,300

20,200

50,000

2,258,252

2022 Fiscal Year

FYTD 2022 Hotel Room Nights Available for Sale increased 3% from Last Year

PBI Passengers 12 Mth Rolling Total

3,000,000

$26,711,329

$10,000,000 2021 Fiscal Year

2,000,000

$35,140,868

$40,000,000

Net Non-Hotel Room Revenues Net Hotel Room Revenues

2,500,000

$50,068,845

$50,000,000

40,000

2,000,000

30,000

1,000,000

20,000

53,200

60,900

Accommodations

Arts, Entertainment, and Recreation F&B

10,000

March-21

March-22

March 2022 Passengers Through PBI is up 172% over Previous 12 Month Rolling Actuals

0 March-21

March-22

March 2022 at 91,100 up 13.4% over Last Year ; F&B at 60,900 increased 14.5%; Arts & Entertainment at 20,200 up 4.7% ; Hotels at 10,000 up 28%

PBC TDC Monthly Scorecard May FY2022 Report-March 2022 vs 2021

Tourist Development Council Dashboard Current Month 2022 vs. 2019 Fiscal Month 5.A.1 Monthly Gross Bed Taxes Collections (All)

Month- Net Rental Revenue $200,000,000 $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0

$24,276,758

$10,000,000

$12,348,133

$8,000,000

$163,617,672 $117,845,321

$7,895,698

$7,334,261

$6,000,000 $4,000,000

March-19 Mar-22 Net Non-Hotel Room Revenues Net Hotel Room Revenues

March 2022 Net Hotel Sales increased 39% over Year 2019, Non-Hotel Sales increased 97% over Year 2019

Gross Monthly Room Nights Sold 475,000

470,495

470,000

$2,000,000 $0

March-19

Mar-22

Mar-21

April Collections for March 2022 were 45% above March FY19. This was a Record, the highest FY March of Collections ever, 56% above March FY21.

Gross Room Nights Available 580,000

570,989

570,000 560,000

465,000

550,000

460,000

540,000

455,000

$11,422,604

$12,000,000

530,000

454,094

527,403

520,000 450,000

510,000

445,000

500,000

March-19

Mar-22

March 2022 Hotel Room Nights Sold increased 4% over FY 2019 for the same month.

March-19

March 2022 Hotel Room Nights Available for Sale increased 8% over Year 2019. 18,419 Rooms Open.

Monthly PBI Estimated Seats

Monthly PBIA Passengers 790,000

900,000

786,538

Mar-22

897,451

895,000

785,000

890,000

780,000

885,000 775,000

769,450

770,000

875,941

875,000

765,000 760,000

880,000

870,000

Dec-19 March-19

Dec-22 Mar-22

865,000

March-19

Mar-22

March 2022 Passengers through PBI decreased (2%) over March 2022 Est. Seat Capacity at PBI decreased (2%) over FY 2019 for the same month FY 2019 for same month

PBC TDC Monthly Scorecard May FY2022 Report-March 2022 vs 2019

Tourist Development Council Dashboard Fiscal Year 2022 vs. 2019 5.A.1 FY2022 Gross Bed Taxes Collections (All)

FY2022 Net Rental Revenue $900,000,000 $800,000,000 $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $0

$130,225,855 $66,363,270

$60,000,000

$40,000,000

$530,700,582

$694,780,995

2022 Fiscal Year

FYTD 2022 Hotel Net Sales increased 31% over 2019, Non-Hotel Sales 96% higher than FYTD 2019

FY2022 Room Nights Sold 2,679,823

2,675,000 2,670,000 2,665,000

2,660,000

2,654,415

2,655,000

2,650,000 2,645,000 2,640,000

2019 Fiscal Year

$10,000,000 $0 2019 Fiscal Year

3,950,000 3,900,000 3,850,000 3,800,000 3,750,000 3,700,000 3,650,000 3,600,000 3,550,000 3,500,000 3,450,000 3,400,000

3,891,885

3,580,942

2019 Fiscal Year

2022 Fiscal Year

FYTD 2022 Hotel Room Nights Available for Sale increased 9% from same period 2019

Leisure & Hospitality Jobs 100,000 90,000

6,500,000

80,000

6,400,000

70,000

6,300,000

60,000

6,200,000

2021 Fiscal Year

FY2022 Room Night Inventory Available

PBI Passengers 12 Mth Rolling Total 6,565,991

2022 Fiscal Year

FYTD 2022 Collections increased 37% over FYTD 2019, and are 87% higher than FYTD 2021

2022 Fiscal Year

FYTD 2022 Hotel Room Nights Sold decreased (1%) over FYTD 2019

6,600,000

$26,711,329

$30,000,000

Net Non-Hotel Room Revenues Net Hotel Room Revenues

2,680,000

$36,571,775

$20,000,000 2019 Fiscal Year

2,685,000

$50,068,845

$50,000,000

6,138,184

10,000

21,600

20,200

50,000

Accommodations Arts, Entertainment, and Recreation

40,000 30,000

6,100,000

11,900

60,700

60,900

March-19

Mar-22

F&B

20,000

6,000,000

10,000

5,900,000

March-19

Mar-22

March 2022 FYTD Passengers Through PBI down (7%) over Previous March FYTD 2019 12 Month Rolling Actuals

March 2022 at 91,100 down (3%) over 2019 ; F&B at 60,900 increased 0.3%; Arts & Entertainment at 20,200 down (7%) Hotels at 10,000 down (16%) over FY 2019

PBC TDC Monthly Scorecard May FY2022 Report-March 2022 vs 2019

PALM BEACH COUNTY Tourist Development Council Bed Tax Collections

GROSS COLLECTIONS MONTH: INDUSTRY (COLLECTION) SEP (OCT) OCT (NOV) NOV (DEC) DEC (JAN) JAN (FEB) FEB (MAR) MAR (APR) APR (MAY) MAY (JUN) JUN (JUL) JUL (AUG) AUG (SEP) TOTAL FISCAL

YR TO YR 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 % CHANGE 1,212,238 1,405,509 1,370,952 1,621,608 1,973,649 2,178,273 2,438,227 2,461,559 2,214,097 1,978,098 2,987,573 51.03% 1,458,239 1,785,170 1,635,182 1,857,806 1,989,072 2,725,682 3,083,157 3,303,783 3,314,441 1,996,505 4,522,098 126.50% 1,895,712 1,794,668 2,516,341 2,751,115 3,640,904 3,594,244 4,200,587 4,035,601 4,372,073 2,444,609 5,595,556 128.89% 2,495,590 3,187,043 3,323,289 3,785,958 4,777,922 4,875,807 5,731,320 5,630,298 6,089,984 3,800,639 7,958,732 109.41% 3,269,850 3,453,672 3,576,572 5,065,319 5,005,030 5,159,226 5,870,815 6,219,210 6,889,246 4,140,905 7,641,298 84.53% 3,669,405 4,006,494 5,107,085 6,140,424 6,621,872 6,436,528 7,435,071 7,025,626 7,788,461 5,016,312 9,940,983 98.17% 4,019,958 4,656,021 4,746,723 6,690,922 7,868,716 7,734,850 7,768,676 7,895,698 4,406,423 7,334,261 11,422,604 55.74% 2,848,562 2,851,113 3,408,662 4,416,637 4,257,059 4,453,561 5,266,893 5,369,516 1,044,080 6,190,058 N/A 1,932,872 2,125,978 2,480,364 3,002,756 3,231,119 3,314,631 3,532,056 3,673,563 1,567,309 5,145,606 N/A 1,659,601 1,830,471 1,910,875 2,512,755 2,643,059 2,933,218 3,031,361 2,883,950 1,877,388 4,579,048 N/A 1,613,916 1,818,223 1,795,741 2,468,872 2,802,300 2,902,478 2,814,249 3,122,264 1,908,008 4,730,560 N/A 1,410,235 1,609,331 1,970,481 2,422,236 2,307,485 2,226,361 2,655,543 2,581,689 1,840,212 3,648,087 N/A $27,486,177 $30,523,693 $33,842,267 $42,736,409 $47,118,186 $48,534,859 $53,827,955 $54,202,757 $43,311,723 $51,004,689 $50,068,845 N/A

YTD % CHANGE 51.03% 88.94% 104.16% 106.11% 99.89% 99.44% 87.44% N/A N/A N/A N/A N/A N/A

NET COLLECTIONS MONTH: INDUSTRY (COLLECTION) SEP(OCT) OCT (NOV) NOV (DEC) DEC (JAN) JAN (FEB) FEB (MAR) MAR (APR) APR (MAY) MAY (JUN) JUN (JUL) JUL (AUG) AUG (SEP) TOTAL FISCAL

YR TO YR 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 % CHANGE 1,194,055 1,384,427 1,350,387 1,597,284 1,944,045 2,145,599 2,401,654 2,424,636 2,180,886 1,948,426 2,942,759 51.03% 1,436,365 1,758,392 1,610,654 1,829,939 1,959,236 2,684,797 3,036,909 3,254,226 3,264,725 1,966,557 4,454,267 126.50% 1,867,276 1,767,748 2,478,596 2,709,849 3,586,290 3,540,330 4,137,578 3,975,067 4,306,492 2,407,940 5,511,623 128.89% 2,458,156 3,139,237 3,273,440 3,729,168 4,706,253 4,802,670 5,645,350 5,545,843 5,998,634 3,743,630 7,839,351 109.41% 3,220,802 3,401,867 3,522,924 4,989,339 4,929,954 5,081,838 5,782,752 6,125,922 6,785,908 4,078,792 7,526,678 84.53% 3,614,364 3,946,397 5,030,479 6,048,317 6,522,543 6,339,980 7,323,545 6,920,242 7,671,634 4,941,067 9,791,868 98.17% 3,959,659 4,586,181 4,675,522 6,590,558 7,750,685 7,618,827 7,652,146 7,777,262 4,340,327 7,224,248 11,251,265 55.74% 2,805,834 2,808,346 3,357,532 4,350,388 4,193,203 4,386,757 5,187,889 5,288,974 1,028,419 6,097,207 N/A 1,903,879 2,094,088 2,443,159 2,957,714 3,182,652 3,264,911 3,479,075 3,618,460 1,543,799 5,068,422 N/A 1,634,707 1,803,014 1,882,212 2,475,064 2,603,413 2,889,219 2,985,891 2,840,691 1,849,227 4,510,362 N/A 1,589,707 1,790,950 1,768,805 2,431,839 2,760,266 2,858,941 2,772,036 3,075,430 1,879,388 4,659,602 N/A 1,389,081 1,585,191 1,940,924 2,385,903 2,272,873 2,192,966 2,615,710 2,542,964 1,812,609 3,593,366 N/A $27,073,885 $30,065,838 $33,334,633 $42,095,363 $46,411,412 $47,806,836 $53,020,535 $53,389,716 $42,662,047 $50,239,619 $49,317,812 N/A

YTD % CHANGE 51.03% 88.94% 104.16% 106.11% 99.89% 99.44% 87.44% N/A N/A N/A N/A N/A N/A

5.A. - 1.a.

Mar 2022 $11,422,604

Bed Taxes Collections (Gross) % / YTD Var. / 2022

Mar 2021 $7,334,261

55.74%

YTD 2021

% Var.

$50,068,845 $26,711,330

87.44%

YTD Bed Tax Mar

Bed Taxes Mar $55,000,000 $45,000,000

$12,000,000

$35,000,000

$10,000,000

$25,000,000

Bed Taxes Mar $8,000,000

$15,000,000 2022

$6,000,000 2022

Mar Occupancy 2022 82.4%

2021

Mar Occupancy 2021 74.0%

% Var.

Mar ADR 2022 $357.72

11.4%

Monthly STR Mar ADR 2021 $257.97

% Var. 38.7%

$300.00

$200.00

$100.00

Mar ADR 2022 $332.51

21.2%

YTD STR Mar ADR 2021 $227.96

100.0%

$400.00

80.0%

$350.00

60.0%

2022

2021

January thru December % Mar Var. Rev Par 2022 45.9% $253.67

YTD Mar ADR

YTD Mar Occupancy

54.4%

$0.00 2022

% Var.

Mar Rev Par $400.00

2021

Mar Occupancy 2021 62.9%

Mar Rev Par 2021 $190.98

$400.00

$0.00

Mar Occupancy 2022 76.3%

Mar Rev Par 2022 $294.90

Mar ADR

Mar Occupancy 84.0% 82.0% 80.0% 78.0% 76.0% 74.0% 72.0% 70.0% 68.0% 2022

2021

YTD Bed Tax Mar

Mar Rev Par 2021 $143.49

2021

% Var. 76.8%

YTD Mar Rev Par $300.00

$300.00

$200.00

$250.00

$100.00

40.0% 20.0%

$0.00

$200.00

0.0% 2022

2022

2021

Mar 2022 91,100

Employment Mar 2021 80,300

2021

2022

2021

% Var. 13.4%

Leisure & Hosp. Employ Mar 92,000 90,000 88,000 86,000 84,000 82,000 80,000 78,000 76,000 74,000

2022

2021

5.A. - 1.b.

5.C.

Summary of Meeting With Clerk and Comptroller April 18th, 2022

5.D.

Table of Contents 5.D. Summary of Meeting with Clerk & Comptroller

Florida Statutes 125.0104

Florida Statues 112.061

April 18th- Meeting with Clerk & Comptroller on Finance Audit Processes Attendees: Clerk & Comptroller Joe Abruzzo Clerk’s Office Chief Deputy Clerk Shannon Ramsey Chessman Clerk’s Office Director of Finance Tracy Ramsey County Administrator Verdenia Baker Assistant County Attorney Liz Herman OFMB Finance Director Robyn Lawrence TDC Glenn Jergensen TDC Joan Hutchinson TDC Vannette Youyoute DTPB Chair Rita Barreto DTPB Exec Board Member Troy McLellan DTPB CEO Jorge Pesquera DTPB SVP Finance Evan Lomrantz Sports Comm President Tony Lofaso Sport Comm Finance Director Dave Fontanarosa Purpose of the meeting to understand the Clerk’s role in auditing reimbursements for all Agencies of the TDC and understanding possible improvements that can be implemented to improve cycle time of reimbursements, specific to the DTPB organization, as the reimbursement volume is highest for DTPB. In addition, work to decrease the number of questions raised by the Clerk’s audit team by providing clear documentation and support information supporting the use of public monies by the TDC agencies. The Clerk and the Chief Deputy Clerk provided an overview of their guiding principles, which are driven by Florida State Statute, specific to Tourism Statute 125.104 for uses of Tourist Development Taxes (TDT) and Statute 112.061 governing per diem travel expenses for the State of Florida travel management system. (Attached) The 5-year Contracts between Palm Beach County and the TDC Agencies (Vendors to the County) were developed over the years and revised in FY2019, using these two statutes in conjunction with the Clerk & Comptrollers Office, and the PBC County Attorney’s Office. The County Contracts with the Agencies are the source for audit execution by the Clerk, using the overriding guidance of Statute 125.0104 defining the uses of TDT and whether the public monies being spent in support of development of tourism and attracting tourists, as well are the public dollars being used in a method that serves the public purpose of growing the tourism economy.

Palm Beach County Tourist Development Council 2195 Southern Boulevard, Suite 500, West Palm Beach, Florida 33406 D-(561) 233-3130 D-FACSIMILE (561) 233-3113

Clerk Abruzzo shared his thoughts that the uses of tourism funds will continue to be a target of the Florida legislature in the coming years and will continue to be reviewed by fractions of the legislature to whether tourism taxes can better serve another public purpose. The justification of uses for marketing, advertising, promotion, hosting travel writers and social media influencers will continue to be questioned. Counties and their Tourist Development Councils, with oversight for contracting marketing agencies, should be prepared to protect and defend the value of using TDT to increase visitation and grow the tourism economy. Action Items from the meeting: 1) Chief Deputy Clerk Shannon Ramsey Chessman and Director of Finance Tracy Ramsey offered to hold training classes with each of the TDC Agencies in an effort to learn the specifics of the Clerk’s audit process and their need for documentation and support needed to comply with Statutes and County ordinances. 2) At the same time in these training classes the agencies are welcome to share insight into their role as marketing organizations, sales and entertainment initiatives, event creation and promotional experiences used to attract visitors to come to Palm Beach County. 3) These Classes will be held live and via Zoom in late May, allowing remote associates to participate, mainly sales personnel. All Agencies have confirmed training dates with the Clerk. 4) The size of Advance Funds provided to the Agencies appears sufficient at this time, with continued improvements in cycle time and the training setting expectations of the Clerk. 5) Jorge and Discover raised examples of other DMO’s in the State of Florida who perform on a fee for service model. Examples of the Contracts for these organizations were provided to Ms. Baker and the County Office of Management and Budget for review and analysis. The Chief Deputy Clerk did raise the fact that the level of audit and documentation would not be reduced if this contract model was implemented. TDC Staff will continue to seek improvements in cycle time. The use of DocuSign and paperless transmission to the Clerk for reimbursements has provided decreased cycle time, but agencies should continue to seek improved cash management techniques for their Advances and improved processes for cycle time improvements from point of vendor payment to submission to the TDC for audit and approval. Submitted: Glenn Jergensen

Palm Beach County Tourist Development Council 2195 Southern Boulevard, Suite 500, West Palm Beach, Florida 33406 D-(561) 233-3130 D-FACSIMILE (561) 233-3113

Florida Statutes 125.0104

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Statutes & Constitution :View Statutes : Online Sunshine

Select Year:

2021

The 2021 Florida Statutes Title XI COUNTY ORGANIZATION AND INTERGOVERNMENTAL

Chapter 125

RELATIONS

GOVERNMENT

125.0104 (1)

COUNTY

View Entire Chapter

Tourist development tax; procedure for levying; authorized uses; referendum; enforcement.—

SHORT TITLE.—This section shall be known and may be cited as the “Local Option Tourist Development

Act.” (2)

APPLICATION; DEFINITIONS.—

(a)

Application.—The provisions contained in chapter 212 apply to the administration of any tax levied pursuant

to this section. (b)

Definitions.—For purposes of this section:

“Promotion” means marketing or advertising designed to increase tourist-related business activities.

“Tourist” means a person who participates in trade or recreation activities outside the county of his or her

permanent residence or who rents or leases transient accommodations as described in paragraph (3)(a). 3.

“Retained spring training franchise” means a spring training franchise that had a location in this state on or

before December 31, 1998, and that has continuously remained at that location for at least the 10 years preceding that date. (3)

TAXABLE PRIVILEGES; EXEMPTIONS; LEVY; RATE.—

(a)1.

It is declared to be the intent of the Legislature that every person who rents, leases, or lets for

consideration any living quarters or accommodations in any hotel, apartment hotel, motel, resort motel, apartment, apartment motel, roominghouse, mobile home park, recreational vehicle park, condominium, or timeshare resort for a term of 6 months or less is exercising a privilege which is subject to taxation under this section, unless such person rents, leases, or lets for consideration any living quarters or accommodations which are exempt according to the provisions of chapter 212. 2.a.

Tax shall be due on the consideration paid for occupancy in the county pursuant to a regulated short-term

product, as defined in s. 721.05, or occupancy in the county pursuant to a product that would be deemed a regulated short-term product if the agreement to purchase the short-term right were executed in this state. Such tax shall be collected on the last day of occupancy within the county unless such consideration is applied to the purchase of a timeshare estate. The occupancy of an accommodation of a timeshare resort pursuant to a timeshare plan, a multisite timeshare plan, or an exchange transaction in an exchange program, as defined in s. 721.05, by the owner of a timeshare interest or such owner’s guest, which guest is not paying monetary consideration to the owner or to a third party for the benefit of the owner, is not a privilege subject to taxation under this section. A membership or transaction fee paid by a timeshare owner that does not provide the timeshare owner with the right to occupy any specific timeshare unit but merely provides the timeshare owner with the opportunity to exchange a timeshare interest through an exchange program is a service charge and not subject to taxation under this section. b.

Consideration paid for the purchase of a timeshare license in a timeshare plan, as defined in s. 721.05, is

rent subject to taxation under this section. (b)

Subject to the provisions of this section, any county in this state may levy and impose a tourist

development tax on the exercise within its boundaries of the taxable privilege described in paragraph (a), except that there shall be no additional levy under this section in any cities or towns presently imposing a municipal resort tax as authorized under chapter 67-930, Laws of Florida, and this section shall not in any way affect the powers www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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and existence of any tourist development authority created pursuant to chapter 67-930, Laws of Florida. No county authorized to levy a convention development tax pursuant to s. 212.0305, or to s. 8 of chapter 84-324, Laws of Florida, shall be allowed to levy more than the 2-percent tax authorized by this section. A county may elect to levy and impose the tourist development tax in a subcounty special district of the county. However, if a county so elects to levy and impose the tax on a subcounty special district basis, the district shall embrace all or a significant contiguous portion of the county, and the county shall assist the Department of Revenue in identifying the rental units subject to tax in the district. (c)

The tourist development tax shall be levied, imposed, and set by the governing board of the county at a

rate of 1 percent or 2 percent of each dollar and major fraction of each dollar of the total consideration charged for such lease or rental. When receipt of consideration is by way of property other than money, the tax shall be levied and imposed on the fair market value of such nonmonetary consideration. (d)

In addition to any 1-percent or 2-percent tax imposed under paragraph (c), the governing board of the

county may levy, impose, and set an additional 1 percent of each dollar above the tax rate set under paragraph (c) by the extraordinary vote of the governing board for the purposes set forth in subsection (5) or by referendum approval by the registered electors within the county or subcounty special district. No county shall levy, impose, and set the tax authorized under this paragraph unless the county has imposed the 1-percent or 2-percent tax authorized under paragraph (c) for a minimum of 3 years prior to the effective date of the levy and imposition of the tax authorized by this paragraph. Revenues raised by the additional tax authorized under this paragraph shall not be used for debt service on or refinancing of existing facilities as specified in subparagraph (5)(a)1. unless approved by a resolution adopted by an extraordinary majority of the total membership of the governing board of the county. If the 1-percent or 2-percent tax authorized in paragraph (c) is levied within a subcounty special taxing district, the additional tax authorized in this paragraph shall only be levied therein. The provisions of paragraphs (4)(a)-(d) shall not apply to the adoption of the additional tax authorized in this paragraph. The effective date of the levy and imposition of the tax authorized under this paragraph shall be the first day of the second month following approval of the ordinance by the governing board or the first day of any subsequent month as may be specified in the ordinance. A certified copy of such ordinance shall be furnished by the county to the Department of Revenue within 10 days after approval of such ordinance. (e)

The tourist development tax shall be in addition to any other tax imposed pursuant to chapter 212 and in

addition to all other taxes and fees and the consideration for the rental or lease. (f)

The tourist development tax shall be charged by the person receiving the consideration for the lease or

rental, and it shall be collected from the lessee, tenant, or customer at the time of payment of the consideration for such lease or rental. (g)

The person receiving the consideration for such rental or lease shall receive, account for, and remit the tax

to the Department of Revenue at the time and in the manner provided for persons who collect and remit taxes under s. 212.03. The same duties and privileges imposed by chapter 212 upon dealers in tangible property, respecting the collection and remission of tax; the making of returns; the keeping of books, records, and accounts; and compliance with the rules of the Department of Revenue in the administration of that chapter shall apply to and be binding upon all persons who are subject to the provisions of this section. However, the Department of Revenue may authorize a quarterly return and payment when the tax remitted by the dealer for the preceding quarter did not exceed $25. (h)

The Department of Revenue shall keep records showing the amount of taxes collected, which records shall

also include records disclosing the amount of taxes collected for and from each county in which the tax authorized by this section is applicable. These records shall be open for inspection during the regular office hours of the Department of Revenue, subject to the provisions of s. 213.053. (i)

Collections received by the Department of Revenue from the tax, less costs of administration of this section,

shall be paid and returned monthly to the county which imposed the tax, for use by the county in accordance with the provisions of this section. They shall be placed in the county tourist development trust fund of the respective county, which shall be established by each county as a condition precedent to receipt of such funds. www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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(j)

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The Department of Revenue is authorized to employ persons and incur other expenses for which funds are

appropriated by the Legislature. (k)

The Department of Revenue shall promulgate such rules and shall prescribe and publish such forms as may

be necessary to effectuate the purposes of this section. (l)

In addition to any other tax which is imposed pursuant to this section, a county may impose up to an

additional 1-percent tax on the exercise of the privilege described in paragraph (a) by majority vote of the governing board of the county in order to: 1.

Pay the debt service on bonds issued to finance the construction, reconstruction, or renovation of a

professional sports franchise facility, or the acquisition, construction, reconstruction, or renovation of a retained spring training franchise facility, either publicly owned and operated, or publicly owned and operated by the owner of a professional sports franchise or other lessee with sufficient expertise or financial capability to operate such facility, and to pay the planning and design costs incurred prior to the issuance of such bonds. 2.

Pay the debt service on bonds issued to finance the construction, reconstruction, or renovation of a

convention center, and to pay the planning and design costs incurred prior to the issuance of such bonds. 3.

Pay the operation and maintenance costs of a convention center for a period of up to 10 years. Only

counties that have elected to levy the tax for the purposes authorized in subparagraph 2. may use the tax for the purposes enumerated in this subparagraph. Any county that elects to levy the tax for the purposes authorized in subparagraph 2. after July 1, 2000, may use the proceeds of the tax to pay the operation and maintenance costs of a convention center for the life of the bonds. 4.

Promote and advertise tourism in the State of Florida and nationally and internationally; however, if tax

revenues are expended for an activity, service, venue, or event, the activity, service, venue, or event shall have as one of its main purposes the attraction of tourists as evidenced by the promotion of the activity, service, venue, or event to tourists. The provision of paragraph (b) which prohibits any county authorized to levy a convention development tax pursuant to s. 212.0305 from levying more than the 2-percent tax authorized by this section, and the provisions of paragraphs (4)(a)-(d), shall not apply to the additional tax authorized in this paragraph. The effective date of the levy and imposition of the tax authorized under this paragraph shall be the first day of the second month following approval of the ordinance by the governing board or the first day of any subsequent month as may be specified in the ordinance. A certified copy of such ordinance shall be furnished by the county to the Department of Revenue within 10 days after approval of such ordinance. (m)1.

In addition to any other tax which is imposed pursuant to this section, a high tourism impact county may

impose an additional 1-percent tax on the exercise of the privilege described in paragraph (a) by extraordinary vote of the governing board of the county. The tax revenues received pursuant to this paragraph shall be used for one or more of the authorized uses pursuant to subsection (5). 2.

A county is considered to be a high tourism impact county after the Department of Revenue has certified to

such county that the sales subject to the tax levied pursuant to this section exceeded $600 million during the previous calendar year, or were at least 18 percent of the county’s total taxable sales under chapter 212 where the sales subject to the tax levied pursuant to this section were a minimum of $200 million, except that no county authorized to levy a convention development tax pursuant to s. 212.0305 shall be considered a high tourism impact county. Once a county qualifies as a high tourism impact county, it shall retain this designation for the period the tax is levied pursuant to this paragraph. 3.

The provisions of paragraphs (4)(a)-(d) shall not apply to the adoption of the additional tax authorized in

this paragraph. The effective date of the levy and imposition of the tax authorized under this paragraph shall be the first day of the second month following approval of the ordinance by the governing board or the first day of any subsequent month as may be specified in the ordinance. A certified copy of such ordinance shall be furnished by the county to the Department of Revenue within 10 days after approval of such ordinance. (n)

In addition to any other tax that is imposed under this section, a county that has imposed the tax under

paragraph (l) may impose an additional tax that is no greater than 1 percent on the exercise of the privilege www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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described in paragraph (a) by a majority plus one vote of the membership of the board of county commissioners in order to: 1.

Pay the debt service on bonds issued to finance:

The construction, reconstruction, or renovation of a facility either publicly owned and operated, or publicly

owned and operated by the owner of a professional sports franchise or other lessee with sufficient expertise or financial capability to operate such facility, and to pay the planning and design costs incurred prior to the issuance of such bonds for a new professional sports franchise as defined in s. 288.1162. b.

The acquisition, construction, reconstruction, or renovation of a facility either publicly owned and

operated, or publicly owned and operated by the owner of a professional sports franchise or other lessee with sufficient expertise or financial capability to operate such facility, and to pay the planning and design costs incurred prior to the issuance of such bonds for a retained spring training franchise. 2.

Promote and advertise tourism in the State of Florida and nationally and internationally; however, if tax

revenues are expended for an activity, service, venue, or event, the activity, service, venue, or event shall have as one of its main purposes the attraction of tourists as evidenced by the promotion of the activity, service, venue, or event to tourists. A county that imposes the tax authorized in this paragraph may not expend any ad valorem tax revenues for the acquisition, construction, reconstruction, or renovation of a facility for which tax revenues are used pursuant to subparagraph 1. The provision of paragraph (b) which prohibits any county authorized to levy a convention development tax pursuant to s. 212.0305 from levying more than the 2-percent tax authorized by this section shall not apply to the additional tax authorized by this paragraph in counties which levy convention development taxes pursuant to s. 212.0305(4)(a). Subsection (4) does not apply to the adoption of the additional tax authorized in this paragraph. The effective date of the levy and imposition of the tax authorized under this paragraph is the first day of the second month following approval of the ordinance by the board of county commissioners or the first day of any subsequent month specified in the ordinance. A certified copy of such ordinance shall be furnished by the county to the Department of Revenue within 10 days after approval of the ordinance. (4)

ORDINANCE LEVY TAX; PROCEDURE.—

(a)

The tourist development tax shall be levied and imposed pursuant to an ordinance containing the county

tourist development plan prescribed under paragraph (c), enacted by the governing board of the county. The ordinance levying and imposing the tourist development tax shall not be effective unless the electors of the county or the electors in the subcounty special district in which the tax is to be levied approve the ordinance authorizing the levy and imposition of the tax, in accordance with subsection (6). The effective date of the levy and imposition of the tax shall be the first day of the second month following approval of the ordinance by referendum, as prescribed in subsection (6), or the first day of any subsequent month as may be specified in the ordinance. A certified copy of the ordinance shall be furnished by the county to the Department of Revenue within 10 days after approval of such ordinance. The governing authority of any county levying such tax shall notify the department, within 10 days after approval of the ordinance by referendum, of the time period during which the tax will be levied. (b)

At least 60 days prior to the enactment of the ordinance levying the tax, the governing board of the county

shall adopt a resolution establishing and appointing the members of the county tourist development council, as prescribed in paragraph (e), and indicating the intention of the county to consider the enactment of an ordinance levying and imposing the tourist development tax. (c)

Prior to enactment of the ordinance levying and imposing the tax, the county tourist development council

shall prepare and submit to the governing board of the county for its approval a plan for tourist development. The plan shall set forth the anticipated net tourist development tax revenue to be derived by the county for the 24 months following the levy of the tax; the tax district in which the tourist development tax is proposed; and a list, in the order of priority, of the proposed uses of the tax revenue by specific project or special use as the same are authorized under subsection (5). The plan shall include the approximate cost or expense allocation for each specific project or special use. www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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(d)

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The governing board of the county shall adopt the county plan for tourist development as part of the

ordinance levying the tax. After enactment of the ordinance levying and imposing the tax, the plan of tourist development may not be substantially amended except by ordinance enacted by an affirmative vote of a majority plus one additional member of the governing board. (e)

The governing board of each county which levies and imposes a tourist development tax under this section

shall appoint an advisory council to be known as the “

(name of county)

Tourist Development Council.” The council

shall be established by ordinance and composed of nine members who shall be appointed by the governing board. The chair of the governing board of the county or any other member of the governing board as designated by the chair shall serve on the council. Two members of the council shall be elected municipal officials, at least one of whom shall be from the most populous municipality in the county or subcounty special taxing district in which the tax is levied. Six members of the council shall be persons who are involved in the tourist industry and who have demonstrated an interest in tourist development, of which members, not less than three nor more than four shall be owners or operators of motels, hotels, recreational vehicle parks, or other tourist accommodations in the county and subject to the tax. All members of the council shall be electors of the county. The governing board of the county shall have the option of designating the chair of the council or allowing the council to elect a chair. The chair shall be appointed or elected annually and may be reelected or reappointed. The members of the council shall serve for staggered terms of 4 years. The terms of office of the original members shall be prescribed in the resolution required under paragraph (b). The council shall meet at least once each quarter and, from time to time, shall make recommendations to the county governing board for the effective operation of the special projects or for uses of the tourist development tax revenue and perform such other duties as may be prescribed by county ordinance or resolution. The council shall continuously review expenditures of revenues from the tourist development trust fund and shall receive, at least quarterly, expenditure reports from the county governing board or its designee. Expenditures which the council believes to be unauthorized shall be reported to the county governing board and the Department of Revenue. The governing board and the department shall review the findings of the council and take appropriate administrative or judicial action to ensure compliance with this section. The changes in the composition of the membership of the tourist development council mandated by chapter 86-4, Laws of Florida, and this act shall not cause the interruption of the current term of any person who is a member of a council on October 1, 1996. (5)

AUTHORIZED USES OF REVENUE.—

(a)

All tax revenues received pursuant to this section by a county imposing the tourist development tax shall be

used by that county for the following purposes only: 1.

To acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate, or promote one or

more: a.

Publicly owned and operated convention centers, sports stadiums, sports arenas, coliseums, or auditoriums

within the boundaries of the county or subcounty special taxing district in which the tax is levied; b.

Auditoriums that are publicly owned but are operated by organizations that are exempt from federal

taxation pursuant to 26 U.S.C. s. 501(c)(3) and open to the public, within the boundaries of the county or subcounty special taxing district in which the tax is levied; or c.

Aquariums or museums that are publicly owned and operated or owned and operated by not-for-profit

organizations and open to the public, within the boundaries of the county or subcounty special taxing district in which the tax is levied; 2.

To promote zoological parks that are publicly owned and operated or owned and operated by not-for-profit

organizations and open to the public; 3.

To promote and advertise tourism in this state and nationally and internationally; however, if tax revenues

are expended for an activity, service, venue, or event, the activity, service, venue, or event must have as one of its main purposes the attraction of tourists as evidenced by the promotion of the activity, service, venue, or event to tourists; 4.

To fund convention bureaus, tourist bureaus, tourist information centers, and news bureaus as county

agencies or by contract with the chambers of commerce or similar associations in the county, which may include www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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any indirect administrative costs for services performed by the county on behalf of the promotion agency; 5.

To finance beach park facilities, or beach, channel, estuary, or lagoon improvement, maintenance,

renourishment, restoration, and erosion control, including construction of beach groins and shoreline protection, enhancement, cleanup, or restoration of inland lakes and rivers to which there is public access as those uses relate to the physical preservation of the beach, shoreline, channel, estuary, lagoon, or inland lake or river. However, any funds identified by a county as the local matching source for beach renourishment, restoration, or erosion control projects included in the long-range budget plan of the state’s Beach Management Plan, pursuant to s. 161.091, or funds contractually obligated by a county in the financial plan for a federally authorized shore protection project may not be used or loaned for any other purpose. In counties of fewer than 100,000 population, up to 10 percent of the revenues from the tourist development tax may be used for beach park facilities; or 6.

To acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate, or finance public

facilities within the boundaries of the county or subcounty special taxing district in which the tax is levied, if the public facilities are needed to increase tourist-related business activities in the county or subcounty special district and are recommended by the county tourist development council created pursuant to paragraph (4)(e). Tax revenues may be used for any related land acquisition, land improvement, design and engineering costs, and all other professional and related costs required to bring the public facilities into service. As used in this subparagraph, the term “public facilities” means major capital improvements that have a life expectancy of 5 or more years, including, but not limited to, transportation, sanitary sewer, solid waste, drainage, potable water, and pedestrian facilities. Tax revenues may be used for these purposes only if the following conditions are satisfied: a.

In the county fiscal year immediately preceding the fiscal year in which the tax revenues were initially used

for such purposes, at least $10 million in tourist development tax revenue was received; b.

The county governing board approves the use for the proposed public facilities by a vote of at least two-

thirds of its membership; c.

No more than 70 percent of the cost of the proposed public facilities will be paid for with tourist

development tax revenues, and sources of funding for the remaining cost are identified and confirmed by the county governing board; d.

At least 40 percent of all tourist development tax revenues collected in the county are spent to promote and

advertise tourism as provided by this subsection; and e.

An independent professional analysis, performed at the expense of the county tourist development council,

demonstrates the positive impact of the infrastructure project on tourist-related businesses in the county. Subparagraphs 1. and 2. may be implemented through service contracts and leases with lessees that have sufficient expertise or financial capability to operate such facilities. (b)

Tax revenues received pursuant to this section by a county of less than 950,000 population imposing a

tourist development tax may only be used by that county for the following purposes in addition to those purposes allowed pursuant to paragraph (a): to acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate, or promote one or more zoological parks, fishing piers or nature centers which are publicly owned and operated or owned and operated by not-for-profit organizations and open to the public. All population figures relating to this subsection shall be based on the most recent population estimates prepared pursuant to the provisions of s. 186.901. These population estimates shall be those in effect on July 1 of each year. (c)

A county located adjacent to the Gulf of Mexico or the Atlantic Ocean, except a county that receives

revenue from taxes levied pursuant to s. 125.0108, which meets the following criteria may use up to 10 percent of the tax revenue received pursuant to this section to reimburse expenses incurred in providing public safety services, including emergency medical services as defined in s. 401.107(3), and law enforcement services, which are needed to address impacts related to increased tourism and visitors to an area. However, if taxes collected pursuant to this section are used to reimburse emergency medical services or public safety services for tourism or special events, the governing board of a county or municipality may not use such taxes to supplant the normal operating expenses of an emergency medical services department, a fire department, a sheriff’s office, or a police department. To receive reimbursement, the county must: www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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Generate a minimum of $10 million in annual proceeds from any tax, or any combination of taxes,

authorized to be levied pursuant to this section; 2.

Have at least three municipalities; and

Have an estimated population of less than 225,000, according to the most recent population estimate

prepared pursuant to s. 186.901, excluding the inmate population. The board of county commissioners must by majority vote approve reimbursement made pursuant to this paragraph upon receipt of a recommendation from the tourist development council. (d)

The revenues to be derived from the tourist development tax may be pledged to secure and liquidate

revenue bonds issued by the county for the purposes set forth in subparagraphs (a)1., 2., and 5. or for the purpose of refunding bonds previously issued for such purposes, or both; however, no more than 50 percent of the revenues from the tourist development tax may be pledged to secure and liquidate revenue bonds or revenue refunding bonds issued for the purposes set forth in subparagraph (a)5. Such revenue bonds and revenue refunding bonds may be authorized and issued in such principal amounts, with such interest rates and maturity dates, and subject to such other terms, conditions, and covenants as the governing board of the county shall provide. The Legislature intends that this paragraph be full and complete authority for accomplishing such purposes, but such authority is supplemental and additional to, and not in derogation of, any powers now existing or later conferred under law. (e)

Any use of the local option tourist development tax revenues collected pursuant to this section for a

purpose not expressly authorized by paragraph (3)(l) or paragraph (3)(n) or paragraphs (a)-(d) of this subsection is expressly prohibited. (6)

REFERENDUM.—

(a)

No ordinance enacted by any county levying the tax authorized by paragraphs (3)(b) and (c) shall take

effect until the ordinance levying and imposing the tax has been approved in a referendum election by a majority of the electors voting in such election in the county or by a majority of the electors voting in the subcounty special tax district affected by the tax. (b)

The governing board of the county levying the tax shall arrange to place a question on the ballot at the

next regular or special election to be held within the county, substantially as follows: FOR the Tourist Development Tax AGAINST the Tourist Development Tax. (c)

If a majority of the electors voting on the question approve the levy, the ordinance shall be deemed to be

in effect. (d)

In any case where a referendum levying and imposing the tax has been approved pursuant to this section

and 15 percent of the electors in the county or 15 percent of the electors in the subcounty special district in which the tax is levied file a petition with the board of county commissioners for a referendum to repeal the tax, the board of county commissioners shall cause an election to be held for the repeal of the tax which election shall be subject only to the outstanding bonds for which the tax has been pledged. However, the repeal of the tax shall not be effective with respect to any portion of taxes initially levied in November 1989, which has been pledged or is being used to support bonds under paragraph (3)(d) or paragraph (3)(l) until the retirement of those bonds. (7)

AUTOMATIC EXPIRATION ON RETIREMENT OF BONDS.—Notwithstanding any other provision of this section, if

the plan for tourist development approved by the governing board of the county, as amended pursuant to paragraph (4)(d), includes the acquisition, construction, extension, enlargement, remodeling, repair, or improvement of a publicly owned and operated convention center, sports stadium, sports arena, coliseum, or auditorium, or museum or aquarium that is publicly owned and operated or owned and operated by a not-for-profit organization, the county ordinance levying and imposing the tax automatically expires upon the later of: (a)

The retirement of all bonds issued by the county for financing the acquisition, construction, extension,

enlargement, remodeling, repair, or improvement of a publicly owned and operated convention center, sports stadium, sports arena, coliseum, or auditorium, or museum or aquarium that is publicly owned and operated or owned and operated by a not-for-profit organization; or

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(b)

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The expiration of any agreement by the county for the operation or maintenance, or both, of a publicly

owned and operated convention center, sports stadium, sports arena, coliseum, auditorium, aquarium, or museum. However, this does not preclude that county from amending the ordinance extending the tax to the extent that the board of the county determines to be necessary to provide funds to operate, maintain, repair, or renew and replace a publicly owned and operated convention center, sports stadium, sports arena, coliseum, auditorium, aquarium, or museum or from enacting an ordinance that takes effect without referendum approval, unless the original referendum required ordinance expiration, pursuant to the provisions of this section reimposing a tourist development tax, upon or following the expiration of the previous ordinance. (8)

PROHIBITED ACTS; ENFORCEMENT; PENALTIES.—

(a)

Any person who is taxable hereunder who fails or refuses to charge and collect from the person paying any

rental or lease the taxes herein provided, either by himself or herself or through agents or employees, is, in addition to being personally liable for the payment of the tax, guilty of a misdemeanor of the first degree, punishable as provided in s. 775.082 or s. 775.083. (b)

No person shall advertise or hold out to the public in any manner, directly or indirectly, that he or she will

absorb all or any part of the tax, that he or she will relieve the person paying the rental of the payment of all or any part of the tax, or that the tax will not be added to the rental or lease consideration or, when added, that it or any part thereof will be refunded or refused, either directly or indirectly, by any method whatsoever. Any person who willfully violates any provision of this subsection is guilty of a misdemeanor of the first degree, punishable as provided in s. 775.082 or s. 775.083. (c)

The tax authorized to be levied by this section shall constitute a lien on the property of the lessee,

customer, or tenant in the same manner as, and shall be collectible as are, liens authorized and imposed in ss. 713.67, 713.68, and 713.69. (9)

COUNTY TOURISM PROMOTION AGENCIES.—In addition to any other powers and duties provided for agencies

created for the purpose of tourism promotion by a county levying the tourist development tax, such agencies are authorized and empowered to: (a)

Provide, arrange, and make expenditures for transportation, lodging, meals, and other reasonable and

necessary items and services for such persons, as determined by the head of the agency, in connection with the performance of promotional and other duties of the agency. However, entertainment expenses shall be authorized only when meeting with travel writers, tour brokers, or other persons connected with the tourist industry. All travel and entertainment-related expenditures in excess of $10 made pursuant to this subsection shall be substantiated by paid bills therefor. Complete and detailed justification for all travel and entertainment-related expenditures made pursuant to this subsection shall be shown on the travel expense voucher or attached thereto. Transportation and other incidental expenses, other than those provided in s. 112.061, shall only be authorized for officers and employees of the agency, other authorized persons, travel writers, tour brokers, or other persons connected with the tourist industry when traveling pursuant to paragraph (c). All other transportation and incidental expenses pursuant to this subsection shall be as provided in s. 112.061. Operational or promotional advancements, as defined in s. 288.35(4), obtained pursuant to this subsection, shall not be commingled with any other funds. (b)

Pay by advancement or reimbursement, or a combination thereof, the costs of per diem and incidental

expenses of officers and employees of the agency and other authorized persons, for foreign travel at the current rates as specified in the federal publication “Standardized Regulations (Government Civilians, Foreign Areas).” The provisions of this paragraph shall apply for any officer or employee of the agency traveling in foreign countries for the purposes of promoting tourism and travel to the county, if such travel expenses are approved and certified by the agency head from whose funds the traveler is paid. As used in this paragraph, the term “authorized person” shall have the same meaning as provided in s. 112.061(2)(e). With the exception of provisions concerning rates of payment for per diem, the provisions of s. 112.061 are applicable to the travel described in this paragraph. As used in this paragraph, “foreign travel” means all travel outside the United States. Persons traveling in foreign countries pursuant to this subsection shall not be entitled to reimbursements or advancements pursuant to s. 112.061(6)(a)2. www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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(c)

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Pay by advancement or reimbursement, or by a combination thereof, the actual reasonable and necessary

costs of travel, meals, lodging, and incidental expenses of officers and employees of the agency and other authorized persons when meeting with travel writers, tour brokers, or other persons connected with the tourist industry, and while attending or traveling in connection with travel or trade shows. With the exception of provisions concerning rates of payment, the provisions of s. 112.061 are applicable to the travel described in this paragraph. (d)

Undertake marketing research and advertising research studies and provide reservations services and

convention and meetings booking services consistent with the authorized uses of revenue as set forth in subsection (5). 1.

Information given to a county tourism promotion agency which, if released, would reveal the identity of

persons or entities who provide data or other information as a response to a sales promotion effort, an advertisement, or a research project or whose names, addresses, meeting or convention plan information or accommodations or other visitation needs become booking or reservation list data, is exempt from s. 119.07(1) and s. 24(a), Art. I of the State Constitution. 2.

The following information, when held by a county tourism promotion agency, is exempt from s. 119.07(1)

and s. 24(a), Art. I of the State Constitution: a.

Booking business records, as defined in s. 255.047.

Trade secrets and commercial or financial information gathered from a person and privileged or

confidential, as defined and interpreted under 5 U.S.C. s. 552(b)(4), or any amendments thereto. 3.

A trade secret, as defined in s. 812.081, held by a county tourism promotion agency is exempt from s.

119.07(1) and s. 24(a), Art. I of the State Constitution. This subparagraph is subject to the Open Government Sunset Review Act in accordance with s. 119.15 and shall stand repealed on October 2, 2021, unless reviewed and saved from repeal through reenactment by the Legislature. (e)

Represent themselves to the public as convention and visitors bureaus, visitors bureaus, tourist

development councils, vacation bureaus, or county tourism promotion agencies operating under any other name or names specifically designated by ordinance. (10) (a)

LOCAL ADMINISTRATION OF TAX.— A county levying a tax under this section or s. 125.0108 may be exempted from the requirements of the

respective section that: 1.

The tax collected be remitted to the Department of Revenue before being returned to the county; and

The tax be administered according to chapter 212,

if the county adopts an ordinance providing for the local collection and administration of the tax. (b)

The ordinance shall include provision for, but need not be limited to:

Initial collection of the tax to be made in the same manner as the tax imposed under chapter 212.

Designation of the local official to whom the tax shall be remitted, and that official’s powers and duties

with respect thereto. Tax revenues may be used only in accordance with the provisions of this section. 3.

Requirements respecting the keeping of appropriate books, records, and accounts by those responsible for

collecting and administering the tax. 4.

Provision for payment of a dealer’s credit as required under chapter 212.

A portion of the tax collected may be retained by the county for costs of administration, but such portion

shall not exceed 3 percent of collections. (c)

A county adopting an ordinance providing for the collection and administration of the tax on a local basis

shall also adopt an ordinance electing either to assume all responsibility for auditing the records and accounts of dealers, and assessing, collecting, and enforcing payments of delinquent taxes, or to delegate such authority to the Department of Revenue. If the county elects to assume such responsibility, it shall be bound by all rules promulgated by the Department of Revenue pursuant to paragraph (3)(k), as well as those rules pertaining to the sales and use tax on transient rentals imposed by s. 212.03. The county may use any power granted in this section to the department to determine the amount of tax, penalties, and interest to be paid by each dealer and to www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0125/Sections/0125.0104.html

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enforce payment of such tax, penalties, and interest. The county may use a certified public accountant licensed in this state in the administration of its statutory duties and responsibilities. Such certified public accountants are bound by the same confidentiality requirements and subject to the same penalties as the county under s. 213.053. If the county delegates such authority to the department, the department shall distribute any collections so received, less costs of administration, to the county. The amount deducted for costs of administration by the department shall be used only for those costs which are solely and directly attributable to auditing, assessing, collecting, processing, and enforcing payments of delinquent taxes authorized in this section. If a county elects to delegate such authority to the department, the department shall audit only those businesses in the county that it audits pursuant to chapter 212. (11) (a)

INTEREST PAID ON DISTRIBUTIONS.— Interest shall be paid on undistributed taxes collected and remitted to the Department of Revenue under

this section. Such interest shall be included along with the tax proceeds distributed to the counties and shall be paid from moneys transferred from the General Revenue Fund. The department shall calculate the interest for net tax distributions using the average daily rate that was earned by the State Treasury for the preceding calendar quarter and paid to the General Revenue Fund. This rate shall be certified by the Chief Financial Officer to the department by the 20th day following the close of each quarter. (b)

The interest applicable to taxes collected under this section shall be calculated by multiplying the tax

amounts to be distributed times the daily rate times the number of days after the third working day following the date the tax is due and payable pursuant to s. 212.11 until the date the department issues a voucher to request the Chief Financial Officer to issue the payment warrant. The warrant shall be issued within 7 days after the request. (c)

If an overdistribution of taxes is made by the department, interest shall be paid on the overpaid amount

beginning on the date the warrant including the overpayment was issued until the third working day following the due date of the payment period from which the overpayment is being deducted. The interest on an overpayment shall be calculated using the average daily rate from the applicable calendar quarter and shall be deducted from moneys distributed to the county under this section. History.—ss. 1, 2, 3, 4, 5, 6, 7, 8, ch. 77-209; s. 3, ch. 79-359; s. 72, ch. 79-400; s. 4, ch. 80-209; s. 2, ch. 80-222; s. 5, ch. 83-297; s. 1, ch. 83-321; s. 40, ch. 85-55; s. 1, ch. 86-4; s. 76, ch. 86-163; s. 61, ch. 87-6; s. 1, ch. 87-99; s. 35, ch. 87-101; s. 1, ch. 87-175; s. 5, ch. 87-280; s. 4, ch. 88-226; s. 6, ch. 88-243; s. 2, ch. 89-217; ss. 31, 66, ch. 89-356; s. 2, ch. 89-362; s. 1, ch. 90-107; s. 1, ch. 90-349; s. 81, ch. 91-45; s. 230, ch. 91-224; s. 3, ch. 92-175; s. 1, ch. 92-204; s. 32, ch. 92-320; s. 4, ch. 93-233; s. 1, ch. 94-275; s. 3, ch. 94-314; s. 37, ch. 94-338; s. 3, ch. 94-353; s. 1, ch. 95-133; s. 1434, ch. 95-147; s. 3, ch. 95-304; s. 1, ch. 95-360; s. 1, ch. 95-416; ss. 44, 46, ch. 96-397; s. 43, ch. 96-406; s. 15, ch. 97-99; s. 1, ch. 98-106; s. 58, ch. 99-2; s. 1, ch. 99-287; ss. 6, 11, 14, ch. 2000-312; s. 11, ch. 2000-351; s. 14, ch. 2001-252; s. 10, ch. 2002-265; s. 1, ch. 2003-34; s. 1, ch. 2003-37; s. 2, ch. 2003-78; s. 145, ch. 2003-261; s. 1, ch. 2005-96; s. 1, ch. 2009-133; s. 1, ch. 2012-180; s. 1, ch. 2013-168; s. 2, ch. 2016-6; s. 1, ch. 2016-220; s. 1, ch. 2017-36; s. 5, ch. 2018-118; s. 1, ch. 202010.

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Florida Statutes 112.061

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Select Year:

2021

The 2021 Florida Statutes Title X Chapter 112 PUBLIC OFFICERS, EMPLOYEES, AND PUBLIC OFFICERS AND EMPLOYEES: GENERAL RECORDS PROVISIONS 112.061

View Entire Chapter

Per diem and travel expenses of public officers, employees, and authorized persons; statewide

travel management system.— (1)

LEGISLATIVE INTENT.—To prevent inequities, conflicts, inconsistencies, and lapses in the numerous laws

regulating or attempting to regulate travel expenses of public officers, employees, and authorized persons in the state, it is the intent of the Legislature: (a)

To establish standard travel reimbursement rates, procedures, and limitations, with certain justifiable

exceptions and exemptions, applicable to all public officers, employees, and authorized persons whose travel is authorized and paid by a public agency. (b) 1.

To preserve the standardization established by this law: The provisions of this section shall prevail over any conflicting provisions in a general law, present or future,

to the extent of the conflict; but if any such general law contains a specific exemption from this section, including a specific reference to this section, such general law shall prevail, but only to the extent of the exemption. 2.

The provisions of any special or local law, present or future, shall prevail over any conflicting provisions in

this section, but only to the extent of the conflict. (2)

DEFINITIONS.—For the purposes of this section, the following words shall have the meanings indicated:

(a)

Agency or public agency—Any office, department, agency, division, subdivision, political subdivision, board,

bureau, commission, authority, district, public body, body politic, county, city, town, village, municipality, or any other separate unit of government created pursuant to law. (b)

Agency head or head of the agency—The highest policymaking authority of a public agency, as herein

defined. (c)

Officer or public officer—An individual who in the performance of his or her official duties is vested by law

with sovereign powers of government and who is either elected by the people, or commissioned by the Governor and has jurisdiction extending throughout the state, or any person lawfully serving instead of either of the foregoing two classes of individuals as initial designee or successor. (d)

Employee or public employee—An individual, whether commissioned or not, other than an officer or

authorized person as defined herein, who is filling a regular or full-time authorized position and is responsible to an agency head. (e) 1.

Authorized person— A person other than a public officer or employee as defined herein, whether elected or commissioned or

not, who is authorized by an agency head to incur travel expenses in the performance of official duties. 2.

A person who is called upon by an agency to contribute time and services as consultant or adviser.

A person who is a candidate for an executive or professional position.

(f)

Traveler—A public officer, public employee, or authorized person, when performing authorized travel.

(g)

Travel expense, traveling expenses, necessary expenses while traveling, actual expenses while traveling, or

words of similar nature—The usual ordinary and incidental expenditures necessarily incurred by a traveler. (h)

Common carrier—Train, bus, commercial airline operating scheduled flights, or rental cars of an established

rental car firm. www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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(i)

Travel day—A period of 24 hours consisting of four quarters of 6 hours each.

(j)

Travel period—A period of time between the time of departure and time of return.

(k)

Class A travel—Continuous travel of 24 hours or more away from official headquarters.

(l)

Class B travel—Continuous travel of less than 24 hours which involves overnight absence from official

headquarters. (m)

Class C travel—Travel for short or day trips where the traveler is not away from his or her official

headquarters overnight. (n)

Foreign travel—Travel outside the United States.

(3)

AUTHORITY TO INCUR TRAVEL EXPENSES.—

(a)

All travel must be authorized and approved by the head of the agency, or his or her designated

representative, from whose funds the traveler is paid. The head of the agency shall not authorize or approve such a request unless it is accompanied by a signed statement by the traveler’s supervisor stating that such travel is on the official business of the state and also stating the purpose of such travel. (b)

Travel expenses of travelers shall be limited to those expenses necessarily incurred by them in the

performance of a public purpose authorized by law to be performed by the agency and must be within the limitations prescribed by this section. (c)

Travel by public officers or employees serving temporarily in behalf of another agency or partly in behalf of

more than one agency at the same time, or authorized persons who are called upon to contribute time and services as consultants or advisers, may be authorized by the agency head. Complete explanation and justification must be shown on the travel expense voucher or attached thereto. (d)

Travel expenses of public employees for the sole purpose of taking merit system or other job placement

examinations, written or oral, shall not be allowed under any circumstances, except that upon prior written approval of the agency head or his or her designee, candidates for executive or professional positions may be allowed travel expenses pursuant to this section. (e)

Travel expenses of public officers or employees for the purpose of implementing, organizing, directing,

coordinating, or administering, or supporting the implementation, organization, direction, coordination, or administration of, activities related to or involving travel to a terrorist state shall not be allowed under any circumstances. For purposes of this section, “terrorist state” is defined as any state, country, or nation designated by the United States Department of State as a state sponsor of terrorism. (f)

The agency head, or a designated representative, may pay by advancement or reimbursement, or a

combination thereof, the costs of per diem of travelers for foreign travel at the current rates as specified in the federal publication “Standardized Regulations (Government Civilians, Foreign Areas)” and incidental expenses as provided in this section. (g)

A traveler who becomes sick or injured while away from his or her official headquarters and is therefore

unable to perform the official business of the agency may continue to receive subsistence as provided in subsection (6) during this period of illness or injury until such time as he or she is able to perform the official business of the agency or returns to his or her official headquarters, whichever is earlier. Such subsistence may be paid when approved by the agency head or his or her designee. (h)

The State Surgeon General or a designee may authorize travel expenses incidental to the rendering of

medical services for and on behalf of clients of the Department of Health. The Department of Health may establish rates lower than the rate provided in this section for these travel expenses. (4)

OFFICIAL HEADQUARTERS.—The official headquarters of an officer or employee assigned to an office shall

be the city or town in which the office is located except that: (a)

The official headquarters of a person located in the field shall be the city or town nearest to the area

where the majority of the person’s work is performed, or such other city, town, or area as may be designated by the agency head provided that in all cases such designation must be in the best interests of the agency and not for the convenience of the person. (b)

When any state employee is stationed in any city or town for a period of over 30 continuous workdays, such

city or town shall be deemed to be the employee’s official headquarters, and he or she shall not be allowed per www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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diem or subsistence, as provided in this section, after the said period of 30 continuous workdays has elapsed, unless this period of time is extended by the express approval of the agency head or his or her designee. (c)

A traveler may leave his or her assigned post to return home overnight, over a weekend, or during a

holiday, but any time lost from regular duties shall be taken as annual leave and authorized in the usual manner. The traveler shall not be reimbursed for travel expenses in excess of the established rate for per diem allowable had he or she remained at his or her assigned post. However, when a traveler has been temporarily assigned away from his or her official headquarters for an approved period extending beyond 30 days, he or she shall be entitled to reimbursement for travel expenses at the established rate of one round trip for each 30-day period actually taken to his or her home in addition to pay and allowances otherwise provided. 1(d) A Lieutenant Governor who permanently resides outside of Leon County, may, if he or she so requests, have an appropriate facility in his or her county designated as his or her official headquarters for purposes of this section. This official headquarters may only serve as the Lieutenant Governor’s personal office. The Lieutenant Governor may not use state funds to lease space in any facility for his or her official headquarters. 1.

A Lieutenant Governor for whom an official headquarters is established in his or her county of residence

pursuant to this paragraph is eligible for subsistence at a rate to be established by the Governor for each day or partial day that the Lieutenant Governor is at the State Capitol to conduct official state business. In addition to the subsistence allowance, a Lieutenant Governor is eligible for reimbursement for transportation expenses as provided in subsection (7) for travel between the Lieutenant Governor’s official headquarters and the State Capitol to conduct state business. 2.

Payment of subsistence and reimbursement for transportation between a Lieutenant Governor’s official

headquarters and the State Capitol shall be made to the extent appropriated funds are available, as determined by the Governor. 3. (5)

This paragraph expires July 1, 2022. COMPUTATION OF TRAVEL TIME FOR REIMBURSEMENT.—For purposes of reimbursement and methods of

calculating fractional days of travel, the following principles are prescribed: (a)

The travel day for Class A travel shall be a calendar day (midnight to midnight). The travel day for Class B

travel shall begin at the same time as the travel period. For Class A and Class B travel, the traveler shall be reimbursed one-fourth of the authorized rate of per diem for each quarter, or fraction thereof, of the travel day included within the travel period. Class A and Class B travel shall include any assignment on official business outside of regular office hours and away from regular places of employment when it is considered reasonable and necessary to stay overnight and for which travel expenses are approved. (b)

A traveler shall not be reimbursed on a per diem basis for Class C travel, but shall receive subsistence as

provided in this section, which allowance for meals shall be based on the following schedule: 1.

Breakfast—When travel begins before 6 a.m. and extends beyond 8 a.m.

Lunch—When travel begins before 12 noon and extends beyond 2 p.m.

Dinner—When travel begins before 6 p.m. and extends beyond 8 p.m., or when travel occurs during

nighttime hours due to special assignment. No allowance shall be made for meals when travel is confined to the city or town of the official headquarters or immediate vicinity; except assignments of official business outside the traveler’s regular place of employment if travel expenses are approved. The Chief Financial Officer shall establish a schedule for processing Class C travel subsistence payments at least on a monthly basis. (6)

RATES OF PER DIEM AND SUBSISTENCE ALLOWANCE.—For purposes of reimbursement rates and methods of

calculation, per diem and subsistence allowances are provided as follows: (a)

All travelers shall be allowed for subsistence when traveling to a convention or conference or when

traveling within or outside the state in order to conduct bona fide state business, which convention, conference, or business serves a direct and lawful public purpose with relation to the public agency served by the person attending such meeting or conducting such business, either of the following for each day of such travel at the option of the traveler: www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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Eighty dollars per diem; or

If actual expenses exceed $80, the amounts permitted in paragraph (b) for subsistence, plus actual expenses

for lodging at a single-occupancy rate to be substantiated by paid bills therefor. When lodging or meals are provided at a state institution, the traveler shall be reimbursed only for the actual expenses of such lodging or meals, not to exceed the maximum provided for in this subsection. (b)

All travelers shall be allowed the following amounts for subsistence while on Class C travel on official

business as provided in paragraph (5)(b): 1.

Breakfast.

Lunch.

. $11

Dinner.

. $19

(c)

. $6

No one, whether traveling out of state or in state, shall be reimbursed for any meal or lodging included in a

convention or conference registration fee paid by the state. (7)

TRANSPORTATION.—

(a)

All travel must be by a usually traveled route. In case a person travels by an indirect route for his or her

own convenience, any extra costs shall be borne by the traveler; and reimbursement for expenses shall be based only on such charges as would have been incurred by a usually traveled route. The agency head or his or her designee shall designate the most economical method of travel for each trip, keeping in mind the following conditions: 1.

The nature of the business.

The most efficient and economical means of travel (considering time of the traveler, impact on the

productivity of the traveler, cost of transportation, and per diem or subsistence required). When it is more efficient and economical to either the traveler or the agency head, jet service offered by any airline, whether on state contract or not, may be used when the cost is within an approved threshold determined by the agency head or his or her designee. 3.

The number of persons making the trip and the amount of equipment or material to be transported.

(b)

The Department of Financial Services may provide any form it deems necessary to cover travel requests for

traveling on official business and when paid by the state. (c)

Transportation by common carrier when traveling on official business and paid for personally by the

traveler, shall be substantiated by a receipt therefor. Federal tax shall not be reimbursable to the traveler unless the state and other public agencies are also required by federal law to pay such tax. In the event transportation other than the most economical class as approved by the agency head is provided by a common carrier on a flight check or credit card, the charges in excess of the most economical class shall be refunded by the traveler to the agency charged with the transportation provided in this manner. (d)1.

The use of privately owned vehicles for official travel in lieu of publicly owned vehicles or common

carriers may be authorized by the agency head or his or her designee. Whenever travel is by privately owned vehicle: a.

A traveler shall be entitled to a mileage allowance at a rate of 44.5 cents per mile; or

A traveler shall be entitled to the common carrier fare for such travel if determined by the agency head to

be more economical. 2.

Reimbursement for expenditures related to the operation, maintenance, and ownership of a vehicle shall

not be allowed when privately owned vehicles are used on public business and reimbursement is made pursuant to this paragraph, except as provided in subsection (8). 3.

All mileage shall be shown from point of origin to point of destination and, when possible, shall be computed

on the basis of the current map of the Department of Transportation. Vicinity mileage necessary for the conduct of official business is allowable but must be shown as a separate item on the expense voucher. (e)

Transportation by chartered vehicles when traveling on official business may be authorized by the agency

head when necessary or where it is to the advantage of the agency, provided the cost of such transportation does not exceed the cost of transportation by privately owned vehicle pursuant to paragraph (d). www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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(f)

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The agency head or his or her designee may grant monthly allowances in fixed amounts for use of privately

owned automobiles on official business in lieu of the mileage rate provided in paragraph (d). Allowances granted pursuant to this paragraph shall be reasonable, taking into account the customary use of the automobile, the roads customarily traveled, and whether any of the expenses incident to the operation, maintenance, and ownership of the automobile are paid from funds of the agency or other public funds. Such allowance may be changed at any time, and shall be made on the basis of a signed statement of the traveler, filed before the allowance is granted or changed, and at least annually thereafter. The statement shall show the places and distances for an average typical month’s travel on official business, and the amount that would be allowed under the approved rate per mile for the travel shown in the statement, if payment had been made pursuant to paragraph (d). (g)

No contract may be entered into between a public officer or employee, or any other person, and a public

agency, in which a depreciation allowance is used in computing the amount due by the agency to the individual for the use of a privately owned vehicle on official business; provided, any such existing contract shall not be impaired. (h)

No traveler shall be allowed either mileage or transportation expense when gratuitously transported by

another person or when transported by another traveler who is entitled to mileage or transportation expense. However, a traveler on a private aircraft shall be reimbursed the actual amount charged and paid for the fare for such transportation up to the cost of a commercial airline ticket for the same flight, even though the owner or pilot of such aircraft is also entitled to transportation expense for the same flight under this subsection. (8)

OTHER EXPENSES.—

(a)

The following incidental travel expenses of the traveler may be reimbursed:

Taxi fare.

Ferry fares; and bridge, road, and tunnel tolls.

Storage or parking fees.

Communication expense.

Convention registration fee while attending a convention or conference which will serve a direct public

purpose with relation to the public agency served by the person attending such meetings. A traveler may be reimbursed the actual and necessary fees for attending events which are not included in a basic registration fee that directly enhance the public purpose of the participation of the agency in the conference. Such expenses may include, but not be limited to, banquets and other meal functions. It shall be the responsibility of the traveler to substantiate that the charges were proper and necessary. However, any meals or lodging included in the registration fee will be deducted in accordance with the allowances provided in subsection (6). (b)

Other expenses which are not specifically authorized by this section may be approved by the Department of

Financial Services pursuant to rules adopted by it. Expenses approved pursuant to this paragraph shall be reported by the Department of Financial Services to the Auditor General annually. (9)

RULES.—

(a)

The Department of Financial Services shall adopt such rules, including, but not limited to, the general

criteria to be used by a state agency to predetermine justification for attendance by state officers and employees and authorized persons at conventions and conferences, and prescribe such forms as are necessary to effectuate the purposes of this section. The department may also adopt rules prescribing the proper disposition and use of promotional items and rebates offered by common carriers and other entities in connection with travel at public expense; however, before adopting such rules, the department shall consult with the appropriation committees of the Legislature. (b)

Each state agency shall adopt such additional specific rules and specific criteria to be used by it to

predetermine justification for attendance by state officers and employees and authorized persons at conventions and conferences, not in conflict with the rules of the Department of Financial Services or with the general criteria to be used by a state agency to predetermine justification for attendance by state officers and employees and authorized persons at conventions, as may be necessary to effectuate the purposes of this section. (c)

The Department of Management Services may adopt rules to administer the provisions of this section which

relate to the statewide travel management system. www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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(10)

Statutes & Constitution :View Statutes : Online Sunshine

FRAUDULENT CLAIMS.—Claims submitted pursuant to this section shall not be required to be sworn to

before a notary public or other officer authorized to administer oaths, but any claim authorized or required to be made under any provision of this section shall contain a statement that the expenses were actually incurred by the traveler as necessary travel expenses in the performance of official duties and shall be verified by a written declaration that it is true and correct as to every material matter; and any person who willfully makes and subscribes any such claim which he or she does not believe to be true and correct as to every material matter, or who willfully aids or assists in, or procures, counsels, or advises the preparation or presentation under the provisions of this section of a claim which is fraudulent or is false as to any material matter, whether or not such falsity or fraud is with the knowledge or consent of the person authorized or required to present such claim, is guilty of a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083. Whoever shall receive an allowance or reimbursement by means of a false claim shall be civilly liable in the amount of the overpayment for the reimbursement of the public fund from which the claim was paid. (11) (a)

TRAVEL AUTHORIZATION AND VOUCHER FORMS.— Authorization forms.—The Department of Financial Services shall furnish a uniform travel authorization

request form which shall be used by all state officers, employees, and authorized persons when requesting approval for the performance of travel to a convention or conference. The form shall include, but not be limited to, provision for the name of each traveler, purpose of travel, period of travel, estimated cost to the state, and a statement of benefits accruing to the state by virtue of such travel. A copy of the program or agenda of the convention or conference, itemizing registration fees and any meals or lodging included in the registration fee, shall be attached to, and filed with, the copy of the travel authorization request form on file with the agency. The form shall be signed by the traveler and by the traveler’s supervisor stating that the travel is to be incurred in connection with official business of the state. The head of the agency or his or her designated representative shall not authorize or approve such request in the absence of the appropriate signatures. A copy of the travel authorization form shall be attached to, and become a part of, the support of the agency’s copy of the travel voucher. (b) 1.

Voucher forms.— The Department of Financial Services shall furnish a uniform travel voucher form which shall be used by all

state officers, employees, and authorized persons when submitting travel expense statements for approval and payment. No travel expense statement shall be approved for payment by the Chief Financial Officer unless made on the form prescribed and furnished by the department. The travel voucher form shall provide for, among other things, the purpose of the official travel and a certification or affirmation, to be signed by the traveler, indicating the truth and correctness of the claim in every material matter, that the travel expenses were actually incurred by the traveler as necessary in the performance of official duties, that per diem claimed has been appropriately reduced for any meals or lodging included in the convention or conference registration fees claimed by the traveler, and that the voucher conforms in every respect with the requirements of this section. The original copy of the executed uniform travel authorization request form shall be attached to the uniform travel voucher on file with the respective agency. 2.

Statements for travel expenses incidental to the rendering of medical services for and on behalf of clients of

the Department of Health shall be on forms approved by the Department of Financial Services. (12)

ADVANCEMENTS.—Notwithstanding any of the foregoing restrictions and limitations, an agency head or his

or her designee may make, or authorize the making of, advances to cover anticipated costs of travel to travelers. Such advancements may include the costs of subsistence and travel of any person transported in the care or custody of the traveler in the performance of his or her duties. (13)

DIRECT PAYMENT OF EXPENSES BY AGENCY.—Whenever an agency requires an employee to incur either

Class A or Class B travel on emergency notice to the traveler, such traveler may request the agency to pay his or her expenses for meals and lodging directly to the vendor, and the agency may pay the vendor the actual expenses for meals and lodging during the travel period, limited to an amount not to exceed that authorized pursuant to this section. In emergency situations, the agency head or his or her designee may authorize an increase in the amount paid for a specific meal, provided that the total daily cost of meals does not exceed the total amount authorized www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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for meals each day. The agency head or his or her designee may also grant prior approval for a state agency to make direct payments of travel expenses in other situations that result in cost savings to the state, and such cost savings shall be documented in the voucher submitted to the Chief Financial Officer for the direct payment of travel expenses. The provisions of this subsection shall not be deemed to apply to any legislator or to any employee of the Legislature. (14)

APPLICABILITY TO COUNTIES, COUNTY OFFICERS, DISTRICT SCHOOL BOARDS, SPECIAL DISTRICTS, AND

METROPOLITAN PLANNING ORGANIZATIONS.— (a)

The following entities may establish rates that vary from the per diem rate provided in paragraph (6)(a),

the subsistence rates provided in paragraph (6)(b), or the mileage rate provided in paragraph (7)(d) if those rates are not less than the statutorily established rates that are in effect for the 2005-2006 fiscal year: 1.

The governing body of a county by the enactment of an ordinance or resolution;

A county constitutional officer, pursuant to s. 1(d), Art. VIII of the State Constitution, by the establishment

of written policy; 3.

The governing body of a district school board by the adoption of rules;

The governing body of a special district, as defined in s. 189.012, except those special districts that are

subject to s. 166.021(9), by the enactment of a resolution; or 5.

Any metropolitan planning organization created pursuant to s. 339.175 or any other separate legal or

administrative entity created pursuant to s. 339.175 of which a metropolitan planning organization is a member, by the enactment of a resolution. (b)

Rates established pursuant to paragraph (a) must apply uniformly to all travel by the county, county

constitutional officer and entity governed by that officer, district school board, special district, or metropolitan planning organization. (c)

Except as otherwise provided in this subsection, counties, county constitutional officers and entities

governed by those officers, district school boards, special districts, and metropolitan planning organizations, other than those subject to s. 166.021(9), remain subject to the requirements of this section. (15)

CLASS C TRAVEL.—Moneys appropriated from the State Treasury may not be used to pay per diem or

subsistence related to Class C travel. (16) (a)

STATEWIDE TRAVEL MANAGEMENT SYSTEM.— For purposes of this subsection, “statewide travel management system” means the system developed by the

Department of Management Services to: 1.

Collect and store information relating to public officer or employee travel information;

Standardize and automate agency travel management;

Allow for travel planning and approval, expense reporting, and reimbursement; and

Allow travel information queries.

(b)

Each executive branch state government agency and the judicial branch must report on the statewide

travel management system all public officer and employee travel information, including, but not limited to, name and position title; purpose of travel; dates and location of travel; mode of travel; confirmation from the head of the agency or designee authorization, if required; and total travel cost. Each executive branch state government agency and the judicial branch must use the statewide travel management system for purposes of travel authorization and reimbursement. (c)

Travel reports made available on the statewide travel management system may not reveal information

made confidential or exempt by law. History.—ss. 1, 3, ch. 22830, 1945; ss. 1, 2, 3, ch. 23892, 1947; ss. 1, 3, ch. 25040, 1949; ss. 1, 3, ch. 26910, 1951; s. 1, ch. 28303, 1953; s. 1, ch. 29628, 1955; s. 1, ch. 57-230; s. 1, ch. 61-183; s. 1, ch. 61-43; s. 1, ch. 63-5; s. 1, ch. 63-192; s. 1, ch. 63-122; s. 1, ch. 63400; ss. 2, 3, ch. 67-371; ss. 1, 2, ch. 67-2206; s. 1, ch. 69-193; s. 1, ch. 69-381; ss. 12, 23, 31, 35, ch. 69-106; s. 65, ch. 71-136; s. 1, ch. 72-213; s. 1, ch. 72-217; s. 1, ch. 72-324; s. 26, ch. 72-404; s. 1, ch. 73-169; s. 1, ch. 74-15; s. 1, ch. 74-246; s. 1, ch. 74-365; ss. 1, 2, ch. 75-33; s. 1, ch. 76-166; s. 2, ch. 76-208; ss. 1, 2, ch. 76-250; s. 1, ch. 77-174; s. 1, ch. 77-231; ss. 1, 2, ch. 77-437; s. 2, ch. 78-95; s. 51, ch. 79-190; s. 1, ch. 79-205; s. 1, ch. 79-303; s. 1, ch. 79-412; ss. 1, 2, ch. 81-207; ss. 1, 2, ch. 83-307; s. 1, ch. 85-140; s. 1, ch. 87-407; s. 4, ch. 88-235; s. 12, ch. 89-291; s. 18, ch. 91-45; s. 1, ch. 94-139; s. 1403, ch. 95-147; s. 26, ch. 95-312; s. 5, ch. 96-310; s. 43, ch. 96399; s. 23, ch. 98-136; s. 9, ch. 99-8; s. 7, ch. 99-155; s. 16, ch. 99-399; ss. 48, 53, ch. 2001-254; ss. 46, 79, ch. 2002-402; s. 2, ch. 2003www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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125; s. 123, ch. 2003-261; s. 49, ch. 2003-399; s. 5, ch. 2004-5; s. 32, ch. 2004-269; s. 23, ch. 2005-71; s. 12, ch. 2006-1; s. 6, ch. 2006-18; ss. 14, 53, ch. 2006-26; s. 1, ch. 2006-41; s. 3, ch. 2006-54; s. 2, ch. 2007-196; s. 6, ch. 2008-6; s. 13, ch. 2008-153; s. 2, ch. 2010-4; s. 4, ch. 2011-143; s. 58, ch. 2014-22; s. 103, ch. 2019-116; s. 6, ch. 2019-118; s. 95, ch. 2020-114; s. 56, ch. 2021-37.

1Note.—Section 56, ch. 2021-37, amended paragraph (4)(d) “[i]n order to implement Specific Appropriations 2544 of the 2021-2022

General Appropriations Act.”

www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0112/Sections/0112.061.html

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6. NEW BUSINESS

TDC AGENCIES AUDIT REPORTS 2021

MAY 1 0 2 0 2 2 TOURIST DEVELOPMENT COUNCIL

6.A.

Table of Contents 1. 2021 Financial Statements - PBC Sports Commission

2. 2021 Financial Statements - Discover The Palm Beaches

3. 2021 Financial Statements - Cultural Council PBC

4. 2021 Financial Statements - Film & TV Commission

5. 2021 Audit Presentation Package - PBC Convention Center

119

PALM BEACH COUNTY SPORTS COMMISSION AU DIT REPORTS 2021

Mark Escoffery, P.A. Certified Public Accountant 8645 N. Military Trail Suite 503 Palm Beach Gardens, FL 33410

Tel (561) 627-1404 Fax (561) 627-3844

February 28, 2022 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, 2021, and have issued our report thereon dated February 28, 2022. 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 January 5, 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.

2 MEMBER: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS AND FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

PALM BEACH COUNTY SPORTS COMMISSION, INC. INDEPENDENT AUDITOR’S REPORT AND FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020

4 MARK ESCOFFERY, P.A. CERTIFIED PUBLIC ACCOUNTANT

PALM BEACH COUNTY SPORTS COMMISSION, INC.

TABLE OF CONTENTS

PAGE Independent Auditor’s Report

1-2

Statements of Financial Position

Statements of Activities

Statements of Functional Expenses Statements of Cash Flows Notes to Financial Statements 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

5-6 7 8-17

18-19

Mark Escoffery, P.A. Certified Public Accountant 8645 N. Military Trail Suite 503 Palm Beach Gardens, FL 33410

Tel (561) 627-1404 Fax (561) 627-3844

INDEPENDENT AUDITOR’S REPORT To The Board of Directors Palm Beach County Sports Commission, Inc. West Palm Beach, Florida Report on the Financial Statements 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, 2021 and 2020, and the related Statements of Activities, Functional Expenses and Cash Flows for the year then ended, and the related notes to the financial statements. 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. Auditor’s Responsibility My responsibility is to express an opinion on these financial statements based on my audits. 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. Those standards require that I plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements 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 entity’s internal control. Accordingly, I express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statement. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. 1

MEMBER: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS AND FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

Opinion 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, 2021 and 2020, 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. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, I have also issued my report dated February 28, 2022, on my consideration of the Organization’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 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 February 28, 2022 2

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF FINANCIAL POSITION SEPTEMBER 30, 2021 AND 2020

Assets: Cash Due from Palm Beach County Accounts Receivable Prepaid Expenses Inventory Total assets

Without Donor Restrictions

With Donor Restrictions

Liabilities and net assets: Accounts Payable Accrued Expenses Deferred Revenue Refundable Advance Loan Payable (Note 14) Total liabilities

Net assets: Without donor restrictions Undesignated Board Designated - Future Events Total net assets without donor restrictions With donor restrictions Total net assets Total liabilities and net assets

328,449 772,208 1,682 5,203 1,107,542

270,643 36,548 500,000 128,053 935,244

172,298 172,298 172,298 $

1,107,542

297,559 125,781 423,340

4,689 4,689

2021 Total $

418,651 418,651 $

423,340

626,008 772,208 127,463 5,203 1,530,882

275,332 36,548 500,000 128,053 939,933

2020 $

172,298 172,298 418,651 590,949 $

1,530,882

839,304 295,524 4,902 5,000 10,477 1,155,207

128,843 44,463 20,680 500,000 128,053 822,039

(47,380) 10,000 (37,380) 370,548 333,168 $

1,155,207

See Accompanying Notes to Financial Statements 3

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF ACTIVITIES FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020

Without Donor Restrictions Support and Revenues: Contract Income Palm Beach County Grants Contributions Advertising Auction Event Tickets Membership Registration and Admissions Hotel Room Rebates Sponsorships In-Kind Contributions PPP Loan Forgiveness (Note 14) Other Income Net assets released from restrictions

Total Support and Revenues

1,532,447 28,000 71,647 25,870 5,124 2,520 75,730 961,089 128,053 3,074 163,014

With Donor Restrictions $

211,117 (163,014)

Total 2021 $

1,532,447 239,117 71,647 25,870 5,124 2,520 75,730 961,089 128,053 3,074 -

Total 2020 $

1,520,689 271,100 8,050 8,148 11,419 51,986 3,600 3,350 7,140 97,960 1,039,413 164 -

2,996,568

48,103

3,044,671

3,023,019

Expenses: Program Services: Sports Promotion Sports Events Total Program Services

1,693,314 125,131 1,818,446

1,795,888 252,054 2,047,942

Supporting Activities: Management and General Fundraising

905,739 62,705

1,039,724 63,014

2,786,890

3,150,680

Total expenses Change in net assets

209,678

48,103

257,781

(127,661)

Net assets at beginning of year

(37,380)

370,548

333,168

460,829

Net assets at end of year

172,298

418,651

590,949

333,168

See Accompanying Notes to Financial Statements 4

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020

Personnel Equipment Rental & Maintenance Transportation Professional Fees Insurance Advertising Audio Visual Contractual Office Expense Promotional and Membership Tax Collector Commission Supplies Travel and Entertainment Facility Expense Banquets Event Hospitality Awards Grants Scholarships Special Funding Indirect Operating Expenses Event Profit Sharing Business Development Marketing and Digital Media Trade Shows Inspector General Fee Other

Program Services Sport Sports Promotion Events $ 541,785 $ 40,036 $ 9,437 697 2,738 202 16,672 1,232 13,502 998 34,608 2,557 5,283 390 126,815 9,371 13,759 1,017 14,940 1,104 24,892 1,839 4,504 333 3,704 274 49,403 3,651 164 12 9,198 680 1,269 94 344,205 25,436 136,710 10,103 75,026 5,544 31,017 2,292 117,691 8,697 108,451 8,014 245 18 3,238 239 4,058 300 $ 1,693,314 $ 125,131 $

See Accompanying Notes to Financial Statements 5

Totals 581,821 10,134 2,941 17,904 14,500 37,165 5,673 136,187 14,776 16,044 26,732 4,837 3,978 53,053 176 9,878 1,362 369,641 146,813 80,571 33,309 126,388 116,465 263 3,477 4,357 1,818,446

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF FUNCTIONAL EXPENSES FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020

Fundraising $ 20,063 349 101 617 500 1,282 196 4,696 510 553 922 167 137 1,829 6 341 47 12,746 5,063 2,778 1,149 4,358 4,016 9 120 150 $ 62,705

Supporting Services Management & General $ 289,796 $ 5,048 1,465 8,918 7,222 18,511 2,826 67,832 7,360 7,991 13,315 2,409 1,981 26,425 88 4,920 679 184,113 73,125 40,131 16,591 62,952 58,009 131 1,732 2,170 $ 905,739 $

Totals 309,859 5,397 1,566 9,535 7,722 19,793 3,022 72,528 7,869 8,545 14,236 2,576 2,118 28,255 94 5,261 726 196,859 78,188 42,909 17,740 67,310 62,025 140 1,852 2,321 968,444

2021 Totals 891,680 15,531 4,507 27,439 22,222 56,958 8,695 208,715 22,645 24,589 40,968 7,413 6,096 81,308 270 15,139 2,088 566,500 225,000 123,480 51,049 193,698 178,490 403 5,329 6,678 2,786,890

2020 Totals 1,028,201 16,178 6,161 66,082 18,227 89,547 19,965 176,723 29,241 47,702 34,690 7,829 15,721 78,020 35,880 16,044 4,440 699,615 1,250 200,000 74,833 101,881 100,360 246,989 16,405 5,293 13,403 3,150,680

See Accompanying Notes to Financial Statements 6

PALM BEACH COUNTY SPORTS COMMISSION, INC. STATEMENT OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020

2021 CASH FLOWS FROM OPERATING ACTIVITIES Change in net assets Adjustments to reconcile change in net assets to net assets provided by operating activities: Decrease (increase) in operating assets: Due from Palm Beach County Accounts Receivable Prepaid Expenses Inventory Increase (decrease) in operating liabilities: Accounts Payable Accrued Expenses Deferred Revenue Refundable Advance Net cash provided by (used in) operating activities

257,781

2020 $

(476,684) (122,561) 5,000 5,274

(127,661)

9,084 11,364 19,189 (3,709)

146,489 (7,915) (20,680) (213,296)

19,319 13,965 19,030 215,000 175,581

128,053 (128,053) -

128,053 128,053

(213,296)

303,634

Cash, Without Donor Restrictions Beginning of Year Cash, With Donor Restrictions Beginning of Year

468,756 370,548 839,304

229,986 305,684 535,670

Cash, Without Donor Restrictions End of Year Cash, With Donor Restrictions End of Year

328,449 297,559 626,008

468,756 370,548 839,304

CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from Paycheck Protection Program Loan Paycheck Protection Program Loan Forgiveness Net cash provided by financing activities

Net Increase (Decrease) in Cash

See Accompanying Notes to Financial Statements 7

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Activities The Palm Beach County Sports Commission, Inc. ("the Commission") is a not-for-profit organization dedicated to promoting sports in Palm Beach County ("the County") by attracting and supporting sports entertainment events which utilize local facilities and have a positive economic impact on the community. The Commission (through its non-contract support) also promotes youth sports in the County by attracting and supporting sports entertainment events which utilize local facilities and have a positive economic impact on the community. Program Services are as follows: Sports Promotion Those activities which are directly related to attracting sporting events through a contractual agreement with Palm Beach County. Sports Events Those activities which are related to hosting sporting events in Palm Beach County, which are funded through donations and partnerships with private entities. 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, 2020, from which the summarized information was derived. Certain 2020 amounts may be reclassified to conform to 2021 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.

13 8

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd.) Net assets with donor restrictions: Net assets subject to stipulations imposed by donors and grantors. 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 decreasesin net assets without donor restrictions. 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 receivable 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 for the fiscal year ended September 30, 2020, a refundable advance was approved in the amount of $215,000. In fiscal years 2019 and 2018, the Commission also received refundable advances of $110,000 and $175,000, respectively, to be used for operating expenses. The total refundable advance is $500,000 as of September 30, 2021. Contributions All contributions are considered to be 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 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.

14 9

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd.) 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. Contributed Services The Commission does not recognize any support, revenue or expense from services contributed by volunteers because they do not meet the criteria for measurement. However, certain operating expenses are paid or donated on behalf of the Commission as described in 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, 2020, 2019, and 2018 are subject to examination by the IRS, generally for three years after being filed. There are no current examinations by the Internal Revenue Service.

15 10

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont'd.) Advertising The Commission's advertising is primarily non-direct, and such costs are expensed as incurred. For the year ended September 30, 2021, the Commission incurred approximately $56,958 in advertising costs, which are reported as advertising in the Statement of Functional Expenses. 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 right-of-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 is evaluating the impact of this standard on its financial statements 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. As of October 1, 2019, the Commission adopted the provisions of FASB ASU 2018-08 – Not-For-Profit Entities (Topic 958): Clarifying the Scope of the Accounting Guidance for Contributions Received and Contributions Made. This update clarifies and improves the scope and accounting guidance for contributions received and contributions made. The implementation of ASU 2018-08 did not have a material effect on the financial statements. NOTE 2 - CONTRACT WITH PALM BEACH COUNTY The Commission annually enters into an 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. Expenses made by the Commission under the contract are billed primarily on the cash basis and are subject to budgetary approval by the County and must be consistent with the County's Tourist Development Plan. 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.

16 11

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 2 - CONTRACT WITH PALM BEACH COUNTY (Cont'd.) On September 1, 2020, the Commission and the County entered into a contract for the fiscal year ended September 30, 2021, in the amount of $2,163,200 of which $1,467,700 was billed. The difference between amounts realized under the Bed Tax formula above and amounts actually spent through or on behalf of the Sports Commission are added to the Commission’s reserve, which is held by the County. As of September 30, 2021, the cumulative reserve balance totaled $3,192,666 and remains earmarked for the Commission's expenses and/or sporting events grants. In addition to the basic contract funding from Palm Beach County, the Commission received Marketing Stimulus Funding of $163,200 designated for such expenses during the COVID-19 pandemic. As of September 30, 2021, the Commission has spent none of this stimulus funding (commonly referred to as “ERM Beaches”) and it was added back to the reserve. The funds will be paid back to the County from the Commission’s reserve at $40,800 per year, over four years, starting in the fiscal year beginning October 1, 2022 having a net effect of zero. 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 (see Note 2). 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 $191,772 and $387,776 for the years ended September 30, 2021 and 2020, respectively. This includes $14,063 and $24,982 of In-kind expenses (see Note 7) for the years ended September 30, 2021 and 2020. 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 after completion of 6 months of service. At that time, the employer will make Safe Harbor nonelective contributions equal to 3% of employee's compensation which is 100% vested. Employer also contributes discretionary or Profit-Sharing contributions of 5.51% of employee compensation which is vested after completion of 1 year of service. 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, 2021 and 2020 were $56,316 and $55,354. NOTE 5 - COMPENSATED ABSENCES Vacation pay is accrued by employees starting on their date of hire. In the event that employeesdo 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 $33,979 and $43,768 is included in these financial statements for 2021 and 2020, respectively.

17 12

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 6 - COMMITMENTS The Commission's administrative office located in West Palm Beach and is provided by the County for the benefit of the Commission. The Commission leases equipment under a non-cancelable operating lease with expiration dates through September 2025. Future minimum lease payments under the operating lease are as follows: Fiscal Year Ending September 30, 2022 2023 2024 2025

13,800 13,800 13,800 13,800

55,200

Operating lease expense totaled $15,407 and $15,063 for the years ended September 30, 2021 and 2020, respectively. The Commission entered into a multi-year contract with NorthStar Travel Media LLC to host the TEAMS Conference and Expo to be held October 2 – 5, 2023, in West Palm Beach, Florida and provides multiyear branding opportunities for the Commission as part of the agreement. Under the contract, the Commission is committed to payments for as follows: Fiscal Year Ending September 30, 2022

2023

40,000 20,000

60,000

Total amounts paid or payable amounted to $40,000 for the year ended September 30, 2021. 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 each on January 1, 2023, and no later than November 15, 2023. A Florida Sports Foundation grant, secured by the Commission, in the amount of $30,000 to be paid no later than November 15, 2023.

18 13

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 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. A substantial number of businesses have donated products, advertising, and other professional services. The products and professional services are recorded at their estimated fair value. In-kind contributions for the years ended September 30, 2021 and 2020 are as follows:

Grants Special Funding Indirect Expenses Facility Expense Audio Visual Advertising Office Expense (Telephone) Tax Collector Commission Contractual Expense Travel Supplies Event Hospitality Professional Fees Inspector General Fees $

2021 PBC-Other Expenses

2021 Business Entities

545,000 225,000 123,480 7,250 40,967 5,329 947,026

925 7,875 2,990 773 1,500 14,063

2021 TOTAL

2020 TOTAL

$ 545,000 225,000 123,480 925 7,250 40,967 7,875 2,990 773 1,500 5,329 $ 961,089

$ 699,615 200,000 70,071 3,704 8,990 4,000 4,762 34,690 750 1,938 4,100 1,500 5,293 $ 1,039,413

NOTE 8 - CONCENTRATIONS-REVENUE For the years ended September 30, 2021 and 2020, the Commission received 81% and 84% 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.

19 14

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 9 - FAIR VALUE INSTRUMENTS (Cont'd.) 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 becauseof 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 the amount of funds available to the Commission from the County. A significant reduction in the level of funding received from the County could have a substantial effect on the Commission's programs. Management believes that while this is possible it is remote since by accepting the agreement and its terms, it has accomplished the objectives of the Commission to the provisions of the agreement. The COVID-19 pandemic, whose effects first became known in January 2020, is having 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 is closely monitoring its liquidity and actively working to minimize the impact of these declines. The extent of the impact of COVID-19 on the Commission’s operational and financial performance will depend on certain developments, including the duration and spread of the outbreakand its impacts on our events, vendors, and employees, all of which cannot be presently determined. Accordingly, the extent to which COVID-19 may impact the Commission’s financial position and changes in net assets and cash flows is uncertain and the accompanying financial statements include no adjustments relating to the effects of this pandemic.

20 15

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 11 - NET ASSETS WITH DONOR RESTRICTIONS The Commission recognizes monies received from Florida Sports Foundation 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 Advertising, Digital Media, Event Hosting, Event Servicing and Familiarization Tours per approved budget items from the Tourist Development Council. As of September 30, 2021 and 2020, these net assets with donor restrictions totaled $418,651 and $370,548, respectively. Net assets were released from donor restrictions by incurring expenses satisfying the restrictions noted above of $163,014 and $176,236 for September 30, 2021, and 2020, respectively. NOTE 12 - RELATED PARTY TRANSACTIONS During the year, the Commission supported a not-for-profit organization of which a member of the Board of Directors is an Officer/Director. The Commission paid $2,500 to this related party for the year ended September 30, 2021 and $0 for the year ended September 30, 2020. 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: 2021 Cash and cash equivalents

626,008

2020 $

839,304

Due from Palm Beach County

772,208

295,524

Accounts receivable

127,463

4,902

1,525,679

1,139,730

418,651

370,548

418,651

370,548

Total financial assets Less: Donor-imposed restriction amounts Restricted by donor with purpose restrictions Total financial assets available to meet general expenditures over the next 12 months

1,107,028

769,182

As part of the Commission’s liquidity management, it structures its financial assets to be available forits general 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 the prior fiscal year totaling $500,000. This is due to the reimbursement process which takes on average 60 days.

21 16

PALM BEACH COUNTY SPORTS COMMISSION, INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 NOTE 13 - LIQUIDITY AND AVAILABLITY (Cont’d) Additionally, the Commission has a cumulative reserve totaling $3,192,666 as of September 30, 2021. 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 reserve other than amounts appropriated for general expenditures as part of its annual budget approval and appropriation, amounts from its 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 as long as 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 year, loan repayments have been deferred in accordance with the Paycheck Protection Flexibility Act of 2020. On November 8, 2021, the principal and accrued interest was forgiven subsequent to year-end. In the fiscal year ending September 30, 2022, the Commission will recognize the support in the statement of activities. NOTE 15 - SUBSEQUENT EVENTS On September 14, 2021, the Commission and the County entered into the fifth amendment (R2021-1352) to the agreement dated October 17, 2017 (R2017-1634) for the fiscal year ending September 30, 2022, with a budget of $4,962.028. The budget breakdown is as follows: Operating Expenses Indirect (In-Kind) Expenses Reserves

1,854,000 1,292,587 1,815,441

Available Funds

4,962,028

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. The date when the financial statements were available to be issued was February 28, 2022.

22 17

Mark Escoffery, P.A. Certified Public Accountant 8645 N. Military Trail Suite 503 Palm Beach Gardens, FL 33410

Tel (561) 627-1404 Fax (561) 627-3844

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, 2021 and 2020, and have issued my report thereon dated February 28, 2022. 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.

MEMBER: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS AND FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

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 February 28, 2022 19

PALM BEACH COUNTY DISCOVER THE PALM BEACHES AUDIT REPORTS 2021

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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

March 15, 2022 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, 2021, and plan to issue our report in March 2022. 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 17, 2021. 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 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) 2014-09, Revenue from Contracts with Customers (Topic 606), in 2020-2021. The application of the new standard, which applies to exchange transactions with customers that are bound by contracts or similar arrangements, 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. 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 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. March 15, 2022 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. The corrected and uncorrected misstatements of the financial statements are summarized below. Audit adjustments: 

Adjustments to accruals for current year expense



Adjustments to accruals for current year revenue



Adjustments to receivables and income



Adjustments to payroll expense to record PP Loan forgiveness



Adjustments to correct payroll and related expenses



Adjustments to payroll taxes to record Employee Retention Credit

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.

Discover Palm Beach County, Inc. March 15, 2022 Page 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 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

Client: Engagement: Period Ending: Trial Balance: Workpaper:

02216.00 - Discover Palm Beach County, Inc. 02216.00 - 2021 - Discover Palm Beach County Inc. - Audit 9/30/2021 TB - Trial Balance AJE-1 - Adjusting Journal Entries Report

Account

Description

Adjusting Journal Entries JE # 2 (Provided by Client) To adjust the public AR aging to tie to TDC confirmation 01-000-19040 02-670-44790 01-000-11000 02-000-19040 Total

185,902.00

92,951.00 92,951.00 185,902.00

D-02b / Y-04

6,700.00

Accounts Receivable - Accrued

Room Tax

6,700.00 Z-01

Adjusting Journal Entries JE # 5 Audit Entry: To record PPP Loan forgiveness income and correct payroll and other related account balances 01-510-43000 PPP Loan Funds 02-000-10002 Professional Bank - Acct ending 2246 02-510-73740 Other 02-624-50110 Salary - Base 02-624-52005 Pension Expense 02-624-52020 Health Insurance 02-624-52021 HSA Contribution 01-672-50110 Salary - Base 02-510-41000 Interest Income PPP Loan Funds 02-510-43000 Total

AJE-05

Adjusting Journal Entries JE # 7 Audit Entry: To record 2021 Employee Retention Credit and correct payroll taxes recorded by client. 02-000-11001 Accounts Receivable - Accrued 02-510-51001 FICA Tax - Social Security 02-510-51001 FICA Tax - Social Security 02-510-43001 Employee Retention Credit (income) 02-510-43001 Employee Retention Credit (income) 02-510-43001 Employee Retention Credit (income) Total

AJE-07

Adjusting Journal Entries JE # 8 Audit Entry: To record 2020 Employee Retention Credit to be received from IRS

Y-08

6,700.00 6,700.00

190,526.00 6,878.00 178.00

197,582.00

55,817.00 127,230.00 14,535.00 197,582.00

10.00 197.00 160.00 584,543.00 81,145.00 68,848.00 18,129.00

753,032.00

10.00 332.00 752,690.00 753,032.00

55,834.00 172,351.00 214,597.00

442,782.00

Accounts Receivable - Accrued Employee Retention Credit (income)

Adjusting Journal Entries JE # 9 (Provided by Client) To record the credit received from TDC for payment of Convention Center expansion study which was not recorded. 01-510-40000 Room Tax 01-602-62730 Other Total

Credit

92,951.00 92,951.00

Adjusting Journal Entries JE # 4 Audit Entry: To correct balance of payroll and related expenses for entries recorded "net" in the G/L. 01-672-50110 Salary - Base 01-672-52010 Pension/Payroll Administration 01-672-52021 HSA Contributions 01-672-51001 FICA Tax - Social Security 01-672-52005 Pension Expense Health Insurance 01-672-52020 Total

02-000-11001 02-510-43001 Total

Debit

D-02a

Intercompany Transfers Advertising Accounts Receivable Intercompany Transfers

Adjusting Journal Entries JE # 3 (Provided by Client) To record receivable due from TDC (Public fund) 01-000-11001 01-500-40000 Total

W/P Ref

55,834.00 172,351.00 214,597.00 442,782.00

252,888.00 252,888.00

Y-04a

62,500.00 62,500.00

1 of 2

Client: Engagement: Period Ending: Trial Balance: Workpaper:

02216.00 - Discover Palm Beach County, Inc. 02216.00 - 2021 - Discover Palm Beach County Inc. - Audit 9/30/2021 TB - Trial Balance AJE-1 - Adjusting Journal Entries Report

Account

Description

Adjusting Journal Entries JE # 10 (Provided by Client) To accrue for the unbilled payroll expense 01-000-11001 01-510-40000 Total

W/P Ref

Debit

Credit

D-02b

Accounts Receivable - Accrued Room Tax

45,291.00 45,291.00

Adjusting Journal Entries JE # 11 (Provided by Client) To expense the PY audit accrual 01-510-72110 01-000-20000 Total

Finance and Audit Accounts Payable

40,000.00

Adjusting Journal Entries JE # 12 (Provided by CLient) To correct the double entry on the IT billing 01-000-11001 01-640-40000 Total

40,000.00

Accounts Receivable - Accrued Room Tax

40,000.00 40,000.00

D-02b

153,726.00 153,726.00

30 2 of 2

Client: Engagement: Period Ending: Trial Balance: Workpaper:

02216.00 - Discover Palm Beach County, Inc. 02216.00 - 2021 - Discover Palm Beach County Inc. - Audit 9/30/2021 TB - Trial Balance RJE - Reclassifying Journal Entries Report

Account

Description

Reclassifying Journal Entries JE # 1 (Provided by Client) To reclass all receivables that are not Palm Beach County Board of Commissioners receivables to the Private account receivables. 01-000-19040 Intercompany Transfers Accounts Receivable 02-000-11000 Accounts Receivable 01-000-11000 02-000-19040 Intercompany Transfers Total Reclassifying Journal Entries JE # 6 To reclass the credit balance in both account payables private and public 01-000-20000 02-000-20100 01-000-20100 02-000-20003 Total

Accounts Payable Miscellaneous Payables Miscellaneous Payables Unapplied Payment

W/P Ref

Debit

Credit

D-02a

46,380.00 46,380.00 92,760.00

N-0

3,116.00 350.00 3,466.00

31 1 of 1

CULTURAL COUNCIL FOR PALM BEACH COUNTY AU DIT REPORTS 2021

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

December 20, 2021 To the Audit Committee of Cultural Council of Palm Beach County, Inc. Lake Worth, Florida We have audited the financial statements of Cultural Council of Palm Beach County, Inc. for the year ended September 30, 2021, and intend to issue our report in January 2022. 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 September 17, 2021. 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. As described in Note 1, the Organization adopted the new FASB Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), in 2020. The application of the new standard, which applies to exchange transactions with customers that are bound by contracts or similar arrangements, 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 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 11 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.

Cultural Council of Palm Beach County, Inc. December 20, 2021 Page 2 of 3

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. 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.

Cultural Council of Palm Beach County, Inc. December 20, 2021 Page 3 of 3 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

Cultural Council of Palm Beach County 2021 Audit For period ending 9/30/2021 Adjusting Journal Entries

y report

Account

Description

Adjusting Journal Entries JE # 1 To reclass the checks held at year end - Client do not post 1108-00 2110-00

W/P Ref

Credit

A-01

Chase-Operating acct #0085 Operating Accounts Payable

116,818

Total Adjusting Journal Entries JE # 2 To adjust the prepaid balance for checks date October 1st but cleared in September - PBC 1400 Prepaid Expenses 1410 Prepaid Insurance 1108-00 Chase-Operating acct #0085 1108-00 Chase-Operating acct #0085 Total

Debit

116,818

116,818 116,818

A-01

16 26,113 26,129

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 Board of Directors and Management of Cultural Council of Palm Beach County, Inc. Lake Worth, 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, 2021, 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,

Holyfield & Thomas, LLC West Palm Beach, Florida January 28, 2022

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC. REPORT ON AUDIT OF FINANCIAL STATEMENTS For The Year Ended September 30, 2021 (with comparable totals for 2020)

TABLE OF CONTENTS

PAGE INDEPENDENT AUDITOR’S REPORT

1-2

FINANCIAL STATEMENTS Statement of Financial Position

Statement of Activities

Statement of Cash Flows

5-6

Statement of Functional Expenses

7-8

NOTES TO FINANCIAL STATEMENTS

9-24

INTERNAL ACCOUNTING AND ADMINISTRATIVE

CONTROL AND COMPLIANCE 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

25-26

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 Board of Directors of Cultural Council of Palm Beach County, Inc. Lake Worth, Florida Report on the Financial Statements 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, 2021, and the related statements of activities, cash flows, and functional expenses for the year then ended, and the related notes to the financial statements. Basis for Opinion 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, 2021, 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. 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 28, 2022, 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, 2020 financial statements, and we expressed an unmodified audit opinion in our report dated January 11, 2021. In our opinion, the summarized comparative information presented herein as of and for the year ended September 30, 2020, is consistent, in all material respects, with the audited financial statements from which it has been derived.

Holyfield & Thomas, LLC Holyfield West Palm Beach, Florida January 28, 2022

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF FINANCIAL POSITION

As of September 30, 2021

(with comparable totals for 2020) Without Donor Restrictions

With Donor Restrictions

2021 Totals

2020 Totals

ASSETS Current assets: Cash and cash equivalents Certificates of deposit Receivables: Grants Pledges, current portion Other Prepaid expenses

Total current assets

Cash - Board designated Investments Pledges receivable, net Beneficial interest in trust Property and equipment, net Total assets

557,026 -

201,958 -

758,984 -

886,036 211,208

507,885 5,000 50,913

30,059 -

507,885 30,059 5,000 50,913

240,086 118,649 41,681

1,120,824

232,017

1,352,841

1,497,660

260,054 350,382 2,701,999 4,433,259

100,109 50,000 74,383 456,509

260,054 450,491 50,000 74,383 2,701,999 4,889,768

459,358 80,000 59,521 2,786,073 4,882,612

LIABILITIES AND NET ASSETS Current liabilities: Accounts payable Accrued expenses Grants payable Deferred revenue Refundable advance Line of credit Note payable, current portion

Total current liabilities Long-term liabilities: Payroll protection program loan Contract reserve Note payable Total liabilities Net assets: Without Donor Restrictions With Donor Restrictions Total net assets Total liabilities and net assets

117,280 70,955 66,449 15,000 240,000 70,000

66,819 91,644 85,966 109,700 248,836 70,000

579,684

672,965

250,000 500,000 -

285,244 500,000 70,000

1,329,684

1,528,209

3,103,575 -

456,509

3,103,575 456,509

2,821,322 533,081

3,103,575 4,433,259

456,509 456,509

3,560,084 4,889,768

3,354,403 4,882,612

See accompanying notes to financial statements. -3-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF ACTIVITIES

For the Year Ended September 30, 2021

(with comparable totals for 2020)

Without Donor Restrictions Revenues and support: Grants and contracts: Palm Beach County/Tourist Development Council Community Cultural Development State of Florida: Local Arts Agency Specialty License Plate Other grants Sponsors/members Contributions In-kind contributions Change in value of beneficial interest in trust Program revenue SBA PPP loan forgivness Store and gallery sales Interest income Other revenue

Total revenues and support Net assets released from restriction

2,592,644 421,286

With Donor Restrictions

8,000

2021 Totals

2,592,644 429,286

2020 Totals

2,209,235 229,374

47,795 4,655 419,570 147,690 355,517

38,210 30,000 100,000 -

47,795 38,210 34,655 419,570 247,690 355,517

43,172 34,386 155,000 362,094 136,466 305,321

3,590 285,244 58,340 1,760 66,827

14,862 -

14,862 3,590 285,244 58,340 1,760 66,827

3,245 27,155 28,333 6,641 116,233

4,404,918

191,072

4,595,990

3,656,655

267,644

(267,644)

4,672,562

(76,572)

4,595,990

3,656,655

Expenses: Program services: Palm Beach County/Tourist Development Council Promotion of cultural arts

2,651,304 1,199,861

2,202,834 1,163,635

Total program services

3,851,165

3,851,165.00

3,366,469

312,355 226,789

320,280 243,657

539,144

563,937

4,390,309

3,930,406

Supporting services: Management and general Fundraising Total supporting services Total expenses Change in net assets

282,253

Net assets, beginning Net assets, ending

2,821,322 3,103,575

(76,572) $

533,081 456,509

205,681 $

See accompanying notes to financial statements. -4-

3,354,403 3,560,084

(273,751) $

3,628,154 3,354,403

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2021

(with comparable totals for 2020) 2021

Cash flows from operating activities: Cash received from grants and contracts Cash received from State of Florida - Specialty License Plate Program Cash received from contributions Cash received from program revenue Cash received from store and gallery sales Interest received Other revenue Cash paid to grantees, suppliers, and employees Interest paid

2,836,581

2020 $

38,210 856,150 3,590 58,340 1,654 66,934 (3,935,312) (7,874)

Net cash provided by (used in) operating activities

34,386 745,742 27,155 28,333 6,641 116,233 (3,596,734) (14,553)

(81,727)

Cash flows from investing activities: Purchase certificate of deposit Proceeds from sale of certificate of deposit Purchase of property and equipment Purchase of investments Net cash used in investing activities Cash flows from financing activities: Proceeds from payroll protection program loan Repayment from line of credit Advances from Palm Beach County contract reserve

173,753

211,208 (6,510) (450,491)

(4,497) -

(245,793)

(4,497)

250,000 (248,836) -

Net cash provided by financing activities

285,244 100,000

1,164

Net change in cash

385,244

(326,356)

Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year

Cash and cash equivalents Board designated cash

$ $

1,345,394 1,019,038

758,984 260,054 1,019,038

See accompanying notes to financial statements. -5-

2,826,550

554,500 $

$ $

790,894 1,345,394

886,036 459,358 1,345,394

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2021

(with comparable totals for 2020) 2021

2020

Reconciliation of change in net assets to net cash provided by (used in) operating activities: Change in net assets

Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Depreciation Forgiveness of note payable Payroll protection loan forgiven Change in value of beneficial interest in trust Decrease (increase) in certain assets: Grants receivable Pledges receivable Other receivables Inventory Prepaid expenses Increase (decrease) in certain liabilities: Accounts payable Accrued expenses Grants payable Deferred revenue Net cash provided by (used in) operating activities

See accompanying notes to financial statements. -6-

205,680

(273,751)

90,584 (70,000) (285,244) (14,862)

95,370 (70,000) (3,245)

(267,799) 118,590 (5,000) (9,232)

189,767 306,801 4,446 914 (10,547)

50,368 (20,595) (19,517) 145,300 (81,727)

(143,599) 38,391 33,271 5,935 173,753

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC. For the Year Ended September 30, 2021 Program Services

Salaries and wages Payroll taxes and employee benefits

Palm Beach County Tourist Development Council

Promotion of Cultural Arts

Total Program Services

Total salaries and related expenses Agency, advertising, and marketing Cost of goods sold and artist commissions Equipment rental Events, meetings, and conferences Grants/programs: Category C grants Other grants In-kind: Administrative support County administrative fee County inspector general fee County tax collector commission Information technology Insurance Membership and subscriptions Muse Awards Occupancy and building overhead Other administration expense Postage Printing and publishing Professional services Repairs and maintenance Supplies and stationary Surveys Telephone Travel and entertainment Interest Depreciation Total expenses

743,708 172,986

344,378 67,033

916,694

411,411

1,328,105

1,403,932 11,657 45,881

18,812 38,926 1,423 46,226

1,422,744 38,926 13,080 92,107

205,595 211,645

12,262 17,641 38,637 47,000 3,275 1,348 6,592 55,766 5,516 5,635 12,600 7,960 246

118,515 3,369 8,262 4,634 55,593 27,728 3,024 3,499 8,242 6 4,155 2,468 641

118,515 15,631 25,903 43,271 102,593 31,003 4,372 10,091 64,008 5,522 9,790 12,600 10,428 887

2,592,642 4,691 53,971 2,651,304

1,174,174 2,054 23,633 1,199,861

3,766,816 6,745 77,604 3,851,165

See accompanying notes to financial statements. -7-

1,088,086 240,019

STATEMENT OF FUNCTIONAL EXPENSES

(with comparable totals for 2020) Supporting Services

Management and General $

45,915 9,843

Total Supporting Services

Fundraising $

153,596 20,908

199,511 30,751

2021 Totals $

1,287,597 270,770

2020 Totals $

1,336,550 346,616

55,758

174,504

230,262

1,558,367

1,683,166

307 158

489 308 391

489 615 549

1,423,233 38,926 13,695 92,656

969,501 13,499 8,798 170,182

205,595 211,645

191,874 71,750

117,127 15,851 104,024 843 1,260 1,107 3,496 216 14 2,055 470 579 -

793 1,260 5,366 19,987 3,584 619 5,492 3,566 4,013 830 569 -

117,127 15,851 104,024 1,636 2,520 6,473 19,987 7,080 835 5,506 5,621 4,013 1,300 1,148 -

118,515 117,127 15,851 104,024 17,267 28,423 49,744 19,987 102,593 38,083 5,207 15,597 69,629 9,535 11,090 12,600 11,576 887

68,924 133,641 14,672 88,084 17,429 37,888 38,996 14,836 94,905 34,881 5,865 15,904 82,094 10,067 11,223 18,118 9,344 14,841

303,265 727 8,363 312,355

221,771 402 4,616 226,789

525,036 1,129 12,979 539,144

4,291,852 7,874 90,583 4,390,309

3,820,482 14,554 95,370 3,930,406

See accompanying notes to financial statements. -8-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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 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.

74 -9-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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. -10-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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 Capital Campaign, 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 6), 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, 2021, 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.

-11-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 1.

Business and Summary of Significant Accounting Policies, continued

Accrued Expenses As of September 30, 2021, the Council's accrued expenses include costs of accrued employee benefits and various other expenses. Deferred Revenue The Council defers amounts received in advance for special events and for exhibitions until the event or exhibition is held. As of September 30, 2021, deferred revenue included funds received for future year’s Cocktails & Culture events. Refundable Advance The Council received a grant advance to cover Art for All: Expanding Arts and Culture Initiatives program. Pursuant to the agreement, funds received by the Council that were not spent are subject to be returned to the funder. As of September 30, 2021, the Council had a total of $240,000 in advances to cover certain program expenses. Contract Reserve In connection with the Council’s administrative services and agency contract (see Note 5), Palm Beach County advanced the Council $500,000 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.

-12-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 1.

Business and Summary of Significant Accounting Policies, continued

Revenue Recognition, continued Revenues from the State of Florida – Specialty License Plate Program are considered contributions that are recorded as net assets with donor restrictions. These contributions were solicited for the "Category A" Grant Program and expenditures were made in accordance with Florida Statutes §320.08056 and §320.08058. As of September 30, 2021, the Council received approximately $38,200 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. 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 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. Generally, contributed services do not satisfy the criteria and are therefore not recognized in the financial statements. However, certain operating expenses are paid on behalf of the Council as described in Note 13.

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 $58,300 for the year ended September 30, 2021. Commissions to the artists and related costs to cultural organizations amounted to approximately $38,900 for the same fiscal period. Advertising Advertising costs are expensed when incurred. Total advertising expense for the year ended September 30, 2021 was approximately $1,423,230 and is reflected under agency advertising and marketing in the Statement of Functional Expenses. -13-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 1.

Business and Summary of Significant Accounting Policies, continued

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, 2021, 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. 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. 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. Recently Adopted Accounting Pronouncements As of October 1, 2020, the Council adopted the provisions of Financial Accounting Standards Board (FASB) ASU 2014-09, Revenue from Contracts with Customers (Topic 606), as amended. ASU 201409 applies to exchange transactions with customers that are bound by contracts or similar arrangements and establishes a performance obligation approach to revenue recognition. Analysis of various provisions of this standard resulted in no significant changes in the way the Council recognizes revenue, and therefore no changes to the previously issued audited financial statements were required on a retrospective basis. The presentation and disclosures of revenue have been enhanced in accordance with the standard.

-14-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 1.

Business and Summary of Significant Accounting Policies, continued

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, 2020, from which the summarized information was derived. Certain 2020 amounts may have been reclassified to conform to 2021 classifications with no effect on the previously reported change in net assets.

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: Cash and cash equivalents Grants receivables Pledges receivables Other receivables

Financial assets available to meet general Expenditures over the next 12 months

758,984 507,885 30,059 5,000

$ 1,301,928

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 60% 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, 2021 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.

-15-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 3.

Fair Value Measurements The following table sets forth by level, within the fair value hierarchy, the Council’s assets at fair value as of September 30, 2021: Assets at Fair Value as of September 30, 2021 Level 1 Cash equivalents $ 9,431 Exchange traded funds (ETFs) fixed income, US & intern’l equities 441,060 Subtotal of investment at fair value Beneficial Interest in Trust Total assets a fair value

Level 2 $

450,491 $ 450,491

Level 3

Total $

9,431 441,060

74,383

450,491 74,383

74,383

$ 524,874

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.

•

Pledge 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.

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, 2021. •

Exchange traded funds (ETFs)- fixed income, US & intern’l 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.

-16-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 3.

Fair Value Measurements, continued

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, 2021.

Balance, beginning of year Issuances/additions Settlements/collections Change in present value

59,521 14,862

Balance, end of year

74,383

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. 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.

-17-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 4.

Endowments, continued

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.

The Council’s endowment net asset composition by type as of September 30, 2021 consisted of the following: Board Designated

With Donor Restrictions

Donor-restricted endowment funds: Board designated

350,382

100,109 -

100,109 350,382

Total

350,382

100,109

450,491

Total

Changes in the endowment net assets for the year ended September 30, 2021, and the reconciliation to the Council’s net asset categories is presented as follows:

Endowment funds, beginning of year

Board Designated

With Donor Restrictions

Investment return: Investment income Investment expenses Net depreciation Total investment return Contributions Endowment funds, end of year

$ -18-

Total $

1,959 (604) (973)

560 (173) (278)

382

109

491

350,000

100,000

450,000

350,382

100,109

2,519 (777) (1,251)

450,491

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 4.

Endowments, continued

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, 2021, there were no distributions made from the endowment.

Investments

As of September 30, 2021, major categories of investments were comprised of the following: Market Value

% Cash equivalents 2% Exchange traded funds (ETFs) fixed income, US & intern’l equities 98% Total investments

100%

9,431

Historical Cost $

441,060 $

450,491

9,431

Unrealized Gain/(Loss) $

440,569 $

450,000

491

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 $777 for the year ended September 30, 2021.

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, 2021, 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, 2021 was for an amount not to exceed $2,280,000 (per modified budget). As of September 30, 2021, the Council had amounts receivable from Palm Beach County totaling approximately $342,300 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, 2021, the Council, under the direction of the TDC, administered approximately $2,836,342 of "Category B" grant monies to cultural organizations.

-19-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 6.

Contract with Palm Beach County, continued

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 $205,600 for the year ended September 30, 2021. 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, 2021, the Council had grants receivable from Palm Beach County totaling approximately $72,700 and the Council had grants payable to the grantees of approximately $66,400 relating to "Category C” monies. During the fiscal year 2021, besides the basic contract funding from Palm Beach County, the Council also received Marketing Stimulus Funding of approximately $461,300 designated for such expenses during the 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 projected to occur from 2023 to 2027.

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, 2021 was $80,059. Pledges receivable are due to be collected according to the following schedule: Due within one year Due in one to five years

30,059 50,000

Total pledges receivable

80,059

Management believes that pledges receivable are fully collective and, therefore, no allowance for uncollectible receivables was considered necessary.

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, 2021, the Council did not receive any distributions from the Fund. -20-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 9.

Property and Equipment

Property and equipment as of September 30, 2021, consisted of the following: Land Building and improvements Furniture and equipment

3,646,653 944,654

Less accumulated depreciation Total

10.

403,972 2,980,909 261,772

$ 2,701,999

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. Ten percent (10%) of the original note was forgiven during the year ended September 30, 2021. An additional, and final, ten percent (10%) will be forgiven next year. (see Note 17). Note payable as of September 30, 2021 Less current portion

Long term portion

70,000 70,000 -

Maturities of note payable are due as of September 30:

11.

2022

70,000

Total

70,000

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 4.62% as of September 30, 2021. As of September 30, 2021, there is no outstanding balance.

12.

Net Assets with Donor Restrictions

Net assets with donor restrictions as of September 30, 2021 consisted of the following: Subject to expenditures for a specific purpose: Donor restricted – Cultural programs and grants State of Florida – Specialty License Plate program Executive plan Total purpose restricted

108,491 73,467 20,000 201,958

-21-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 12.

Net Assets with Donor Restrictions, continued Subject to the passage of time: Pledges receivable Beneficial interest in trust

Total time restricted

104,442

Subject to spending policy and appropriation: Endowment fund

100,109

Perpetual in nature: Beneficial interest in trust

50,000 $

13.

80,059 24,383

456,509

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 $70,500 for the year ended September 30, 2021.

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 $104,000 of tax collector commission expenses, $117,100 of administrative expenses, and $15,900 of inspector general expenses for the year ended September 30, 2021. The Council recognized $114,100 in general administrative expenses and also approximately $4,400 of imputed interest in connection with the no-stated-rate note payable to Lake Worth CRA, for a total of $118,500, which was recorded as in-kind contribution income and expense.

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 57% of the Council's 2021 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. -22-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 15.

Business and Credit Concentrations, continued

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, 2021, the Council had approximately $777,300 in excess of insured limits.

16.

Lease Commitments

The Council leases office equipment with lease terms extending through May 2023. Future minimum lease payments under operating leases as of September 30:

17.

2022 2023

5,812 5,526

Total

11,338

Payroll Protection Program Loan

The Council submitted a loan application under the Paycheck Protection Program (the “PPP Loan”) with its bank as part of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) for $285,244 to fund payroll, rent, utilities, and other allowable costs. That application was approved and signed on April 30, 2020, funded on May 5, 2020, and forgiven on May 17, 2021. An application for a second PPP loan for $250,000 was completed, approved, and funded on February 2, 2021. The PPP Loans bear interest at a fixed rate of 1.0% per annum, with the first seven months of interest deferred, have a term of two years, and are unsecured and guaranteed by the U.S. Small Business Administration. Payment of principal and interest is deferred until the date on which the amount of forgiveness is remitted to the lender or, if the Council fails to apply for forgiveness within 10 months after the covered period, then payment of principal and interest shall begin on that date. These amounts may be forgiven subject to compliance and approval based on the timing and use of these funds in accordance with the program. Management is using the second PPP Loan exclusively for allowable costs and expects to receive forgiveness for the entire loan amount.

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. -23-

CULTURAL COUNCIL OF PALM BEACH COUNTY, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 18.

Contract with Lake Worth Community Redevelopment Agency, continued

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.

19.

Subsequent Events

The Council’s management has evaluated subsequent events through January 28, 2022, the date on which the financial statements were available to be issued, and determined the following events to disclose in these financial statements. On December 17, 2021, the Council requested and received a distribution of $7,500 from the perpetual trust held by the Community Foundation. Additionally, on December 20, 2021, the Council applied and received full forgiveness of the second PPP Loan in the amount of $250,000.

-24-

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 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, 2021, 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 28, 2022. 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.

-25-

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.

Holyfield && Thomas, Thomas, LLC LLC Holyfield West Palm Beach, Florida January 28, 2022

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FILM & TV COMMISSION AUDIT REPORTS 2021

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, 2021, and have issued our report as of March 11, 2022. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing, 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 17, 2021. 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 Palm Beach County Film and Television Commission, Inc. are described in Note 1 to the financial statements. As described in Note 1, Palm Beach County Film and Television Commission, Inc. adopted the new FASB Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), in 2020-2021. The application of the new standard, which applies to exchange transactions with customers that are bound by contracts or similar arrangements, had no significant impact on the Organization’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. The financial statement disclosures are neutral, consistent, and clear.

Palm Beach County Film and Television Commission, Inc. March 11, 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. Holyfield & Thomas recorded two reclassifying journal entries, both of which are for financial statement purposes, and neither of which are required to be posted by the Organization. Management provided one adjustment subsequent to receipt of the trial balance (included below). The entries as described are summarized as follows (and attached to this letter).   

To reclassify prepaid expenses To reclassify the even exchange account to accounts payable Client provided entry - to record in-kind expenses/revenues

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. 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.

Palm Beach County Film and Television Commission, Inc. March 11, 2022 Page 3 of 3 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: Engagement: Period Ending: Trial Balance: Workpaper: Account

04273.00 - Palm Beach County Film & Television Commission Audit - 2021 Audit - PBCFTV 9/30/2021 2 - Trial Balance AJE - Adjusting Journal Entries Report - FY 21 Description

W/P Ref

Adjusting Journal Entries JE # 1 Reclassifying Entry - Do no Post - To reclassify prepaid expenses. 6004 EOY Prepaid Expenses (Exp A/C) 5312 GENERAL & ADMINISTRATION:Ins-(GL,Auto,D&O,WC,Crime) 5323 GENERAL & ADMINISTRATION:Dues & Memberships Total

G-01

Adjusting Journal Entries JE # 2 Reclassifying Entry - Do not Post - To clear the even exchange account. 2016 Even Exchange 2000 A/P (used for EOY Entry) Total

N-00

Adjusting Journal Entries JE # 3 Entry provided by Client - Do not Post - To recognize in-kind revenues/expenses. 54969 In-kind cty direct expenditures:tax collector commission 54990 In-kind cty direct expenditures:inspector general fee 5804 In-kind county direct expenses:operating expense-indirect 5805 Bocc - indirect costs (rent) 5808 In-kind county direct expenses:iss enterprise services expense 4803 In-kind county direct:operating expense- indirect 4804 In-kind county direct:iss enterprise services 4805 Bocc- indirect cost (rent) 4806 In-kind county direct:tax coll. com 4807 In-kind county direct:inspector general fee Total

Debit

Credit

12,848

7,848 5,000 12,848

24,466 24,466

3 7,802 2,032 29,636 32,388 1,526

73,384

29,636 1,526 32,388 7,802 2,032 73,384

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 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, 2021, 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 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 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 11, 2022

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC. REPORT ON AUDIT OF FINANCIAL STATEMENTS For The Year Ended September 30, 2021 (with comparable totals for 2020)

TABLE OF CONTENTS

PAGE INDEPENDENT AUDITOR’S REPORT

1-3

FINANCIAL STATEMENTS Statement of Financial Position

Statement of Activities

Statement of Cash Flows

Statement of Functional Expenses

NOTES TO FINANCIAL STATEMENTS

8-16

SUPPLEMENTARY INFORMATION Schedule of Functional Expenses – Contract and Non-Contract

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 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 not-for-profit corporation) which comprise the statement of financial position as of September 30, 2021, 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 Palm Beach County Film and Television Commission, Inc., as of September 30, 2021, 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 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 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. 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 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.

100

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.



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.



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 2020 financial statements, and we expressed an unmodified audit opinion of those audited financial statements in our report dated February 8, 2021. In our opinion, the summarized comparative information presented herein as of and for the year ended September 30, 2020 is consistent, in all material respects, with the audited financial statements from which it has been derived.

101

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.

Holyfield & Thomas, LLC West Palm Beach, Florida March 11, 2022

102

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF FINANCIAL POSITION

As of September 30, 2021

(with comparable totals for 2020) 2021

2020

ASSETS Current assets: Cash and cash equivalents Reimbursement due from Palm Beach County Prepaid expenses Total current assets

227,675 219,422 12,848

280,278 149,626 7,665

459,945

437,569

115,104 27,456 -

14,172 27,942 90,000

LIABILITIES AND NET ASSETS Current liabilities: Accounts payable Accrued vacation Refundable advance Total current liabilities

142,560

132,114

County contract advance

300,000

Total liabilities

442,560

432,114

17,385

5,455

Net assets without donor restriction Total liabilities and net assets

459,945

437,569

See accompanying notes to financial statements. -4-

103

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF ACTIVITIES

For the Year Ended September 30, 2021

(with comparable totals for 2020) 2021

Revenues and support: Grants and contracts: Contract with Palm Beach County Grants Stimulus COVID-19 PSA Tourism branded content In-kind: County direct expenses Board member dues Student Showcase of Films - income Board membership Student Showcase of Films - sponsorship

Total revenues and support Expenses: Program services: Film and television promotion Education Supporting services: Management and general Total expenses Change in net assets without donor restrictions Net assets, beginning of year Net assets, end of year

1,083,193 75,000 34,503 90,000 102,987

2020 $

1,334,124 75,000 127,504 -

113,546 2,600 7,000 7,400 2,500

136,104 2,600 10,006 8,450 3,250

1,518,729

1,697,038

984,626 87,662

1,172,847 90,454

434,511

436,710

1,506,799

1,700,011

11,930

(2,973)

5,455

8,428

17,385

5,455

See accompanying notes to financial statements. -5-

104

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF CASH FLOWS

For the Year Ended September 30, 2021

(with comparable totals for 2020) 2021

Cash flows from operating activities: Cash received from Palm Beach County Cash received from grantors Cash received from membership Cash received from Student Showcase of Films - sponsorship Cash paid to vendors and employees

Net cash provided by (used in) operating activities

2020

1,240,887 75,000 7,400 2,500 (1,378,390)

1,640,115 75,000 8,450 3,250 (1,610,667)

(52,603)

116,148

35,000

Net change in cash

(52,603)

151,148

Cash and cash equivalents, beginning of year

280,278

129,130

Cash flows from financing activities: County contract advance Net cash provided by financing activities

Cash and cash equivalents, end of year

227,675

11,930

280,278

Reconciliation of change in net assets to net cash provided by (used in) operating activities: Change in net assets Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: (Increase) decrease in operating assets: Reimbursement due from Palm Beach County Prepaid expenses and other assets Increase (decrease) in operating liabilities: Accounts payable Accrued vacation Refundable advance Deferred revenue Net cash provided by (used in) operating activities

(2,973)

(69,796) (5,183)

178,485 35,607

100,932 (486) (90,000) -

(153,957) 4,079 90,000 (35,093)

(52,603)

116,148

See accompanying notes to financial statements. -6-

105

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

STATEMENT OF FUNCTIONAL EXPENSES

For the Year Ended September 30, 2021 Film and Television Promotion Salaries and wages Payroll taxes and employee benefits

In-kind: Administrative fee Inspector general fee Tax collector commissions Student Showcase of Films Other services Rent Advertising Communication Contract labor Development and sponsorship Dues and memberships Insurance Machinery and equipment Network expense Office Other Printing and binding Production crew and other costs Professional fees Promotional items Public relations/website Scholarship and awards Sponsorships Trade show Travel and entertainment Total expenses

349,468

(with comparable totals for 2020)

Education -

$ 232,978

105,124

454,591 6,105 32,388 5,950 2,336 64,725 388,560 7,530 8,250 3,313 402 4,142 6,159 175 984,626

Management and General

Total 2021 $

Total 2020

582,446

$ 617,386

70,082

175,206

180,028

303,061

757,652

797,414

7,000 7,165 46,353 6,484 20,000 660 -

49,351 4,064 21,638 2,600 7,698 7,492 8,250 5,724 9,233 15,400 -

55,456 4,064 21,638 7,000 2,600 32,388 5,950 2,336 64,725 388,560 7,530 7,698 7,492 16,500 9,037 16,800 46,353 15,400 4,142 12,643 20,000 660 175 -

56,931 3,383 18,323 10,006 2,600 57,467 8,060 3,039 57,800 535,172 835 8,366 668 6,000 5,856 21,962 847 37,052 15,000 4,619 22,872 20,602 447 4,664 26

87,662

$ 434,511

$ 1,506,799

$ 1,700,011

See accompanying notes to financial statements. -7-

106

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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 addition, 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 “DHES”). Awards are determined through an annual statewide student film competition. 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-item Development and Sponsorships, the FTC can strategically generate more targeted production and leverage production costs. 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 the asset is placed in service for the use stipulated by the donor.

-8-

107

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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, 2021, 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, 2021, the FTC has a prepaid expenses balance of $12,848.

-9-

108

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 1. Organization and Summary of Significant Accounting Policies, continued Accrued Expenses As of September 30, 2021, the FTC's accrued expenses include costs of accrued employee benefits of $27,456. 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 though 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 DHES 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.

-10-

109

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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, 2021 was $5,950. 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 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 approved by the Board of Directors. 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.

-11-

110

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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 Pronouncements As of October 1, 2020, the FTC adopted the provisions of Financial Accounting Standards Board (FASB) ASU 2014-09, Revenue from Contracts with Customers (Topic 606), as amended. ASU 2014-09 applies to exchange transactions with customers that are bound by contracts or similar arrangements and establishes a performance obligation approach to revenue recognition. Analysis of various provisions of this standard resulted in no significant changes in the way the FTC recognizes revenue, and therefore no changes to the previously issued audited financial statements were required on a retrospective basis. The presentation and disclosures of revenue have been enhanced in accordance with the standard.

-12-

111

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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 is effective for annual reporting periods in fiscal years that begin after December 15, 2021. 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, 2020, from which the summarized information was derived. Certain 2020 amounts may have been reclassified to conform to 2021 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: Cash and cash equivalents Reimbursement due from Palm Beach County Financial assets available to meet general expenditures over the next 12 months

227,675 219,422

447,097

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. Because some restrictions are expected to be met within one year of September 30, 2021, donor restricted net assets may remain available for expenditure in the coming year. 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.

-13-

112

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 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 2021. There have been no changes in the methodologies used as of September 30, 2021. 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, 2021, the funding for this contract is provided by revenue generated from 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, 2021 was for an amount not to exceed $1,100,000. 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. Based on the activities and timing of payments made in the current fiscal year the difference between County contract income and expense related to the increase in prepaid expenses, noted as follows:

Palm Beach County Contract

Income Recognized

Reconciling Items

Expense Recognized

$ 1,083,193

$ 12,848

$ 1,070,345

In addition to the $1,083,193 in funding from the contract with Palm Beach County, the FTC received Marketing Stimulus Funding of $34,503 designated specifically for marketing expenses, as well as onetime funding of $90,000 designated for the production and distribution of twenty COVID-19 related public service announcements. The FTC also received $102,987 from other Palm Beach County agencies for the production and distribution of tourism branded content to be aired on both PBS and The Palm Beaches TV, respectively. 5. Grant Agreement The FTC originally entered into a grant agreement with the DHES on March 11, 2003. The grant agreement has been renewed and extended through September 2021. The grant agreement provides that FTC will help prepare high school students with a career pathway and help create a future workforce in the film and television industry tech-prep program curriculum for all participating high schools. For the year ended September 30, 2021, the FTC received a total of $75,000 associated with this grant.

-14-

113

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 6. Non-Contract Expenses The FTC incurs certain expenses that are not reimbursed under the PBC contract or the DHES grant agreement. As of September 30, 2021 the total amount of non-contract and non-DHES expenses, less the in-kind, was $238,310. 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 2021, the employer contributions are 8.51% of an eligible employee’s compensation, and employees are fully vested after three years of service. During the year ending September 30, 2021, the FTC contributed $50,790. 8. Contributions, In-Kind Contributed goods and 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 $55,546 of administrative expenses, $4,064 of inspector general expenses, and $21,638 of tax collector commission expenses for the year ended September 30, 2021. The County also provided office space valued at $32,388 to FTC in exchange for no payment. In addition, FTC Board members contributed $2,600 in promotional and other miscellaneous services in exchange for membership dues, and various organizations contributed goods and services in connection with the Student Showcase of Films totaling $7,000. 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 86% of the FTC's 2021 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, 2021, the FTC did not have any uninsured deposits held in banks.

-15-

114

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

NOTES TO FINANCIAL STATEMENTS

For the Year Ended September 30, 2021 10. 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 the pandemic a national emergency. This unprecedented situation resulted in the temporary contraction of activities and operating hours for many individuals and organizations, including the FTC and those that interact with and support the FTC. The COVID-19 pandemic and resulting global disruptions have also caused economic uncertainty and volatility in financial markets. As a result, the FTC’s 2021-22 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 the FTC 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. 11. Subsequent Events The FTC has evaluated subsequent events through March 11, 2022, 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.

-16-

115

SUPPLEMENTARY INFORMATION

116

PALM BEACH COUNTY FILM AND TELEVISION COMMISSION, INC.

SCHEDULE OF FUNCTIONAL EXPENSES CONTRACT AND NON-CONTRACT

For the Year Ended September 30, 2021 Palm Beach County Contract Salaries and wages Payroll taxes and employee benefits

Advertising Communication Contract labor Development and sponsorship Dues and memberships Insurance Machinery and equipment Network expense Office Other Production crew and other costs Professional fees Promotional items Public relations/website Scholarship and awards Student Showcase of Films Sponsorships Trade show Total expenes before in-kind In-kind: Administrative fee Inspector general fee Tax collector commissions Student Showcase of Films Other Rent Total in-kind Total expenses

582,446

175,206

757,652

5,950 2,336 64,725 161,070 7,530 7,698 7,492 16,500 9,037 4,850 15,400 4,142 5,788 175

227,490 11,950 46,353 6,855 20,000 660 -

5,950 2,336 64,725 388,560 7,530 7,698 7,492 16,500 9,037 16,800 46,353 15,400 4,142 12,643 20,000 660 175

1,070,345

313,308

1,383,653

55,456 4,064 21,638 32,388

7,000 2,600 -

55,456 4,064 21,638 7,000 2,600 32,388

113,546

9,600

123,146

322,908

$ 1,506,799

$ 1,183,891

See independent auditors' report. -17-

Total 2021

Non-Contract

117

PALM BEACH COUNTY CONVENTION CENTER AUDIT REPORTS 2021

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

February 24, 2022 To the General Manager and Management of Global Spectrum, L.P. Palm Beach County Convention Center West Palm Beach, Florida We have audited the financial statements of the Operations of the Palm Beach County Convention Center ("Convention Center") for the years ended September 30, 2021 and 2020, and expect to issue our report thereon in February 2022. Professional standards require that we provide you with information about our responsibilities under auditing standards generally accepted in the United States of America, 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 25, 2021 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 the Convention Center 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 years ended September 30, 2021 and 2020. We noted no transactions entered into by the Convention Center 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. Estimates significant to the financial statements include the settlement value of accrued and deferred obligations. We evaluated the assumptions and approached used by management in the development of these estimates and conclude that they are reasonable. Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our audit.

119

General Manager and Management of Global Spectrum, L.P. Palm Beach County Convention Center February 24, 2022 Page 2 Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. There were no uncorrected misstatements. Disagreements with Management For purposes of this letter, professional standards define a disagreement with management as 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 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 Palm Beach County Convention Center’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. Management Representations We have requested certain representations from management that are included in the management representation letter. 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. 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 Palm Beach County Convention Center.

120

General Manager and Management of Global Spectrum, L.P. Palm Beach County Convention Center February 24, 2022 Page 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 General Manager, management of the Operations at the Palm Beach County Convention Center Managed by Global Spectrum, L.P. and the Board of County Commissioners of Palm Beach County and is not intended to be and should not be used by anyone other than these specified parties. Very truly yours,

Holyfield & Thomas, LLC

121

General Manager and Management of Global Spectrum, L.P. Palm Beach County Convention Center February 24, 2022 Page 4

Summary of Recorded Audit Adjustments Account

Description

Debit

Credit

Adjusting Journal Entries JE # 1 None in the Current Year.

Total

0.00

122

General Manager and Management of Global Spectrum, L.P. Palm Beach County Convention Center February 24, 2022 Page 5

Summary of Unrecorded Misstatements Account

Description

Debit

Credit

Proposed Journal Entries JE # 1 None in the Current Year.

Total

0.00

123

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 Management and the Audit Committee 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, 2021 and 2020, 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 our auditing procedures 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. 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. *** This communication is intended solely for the information and use of the audit committee, management, 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, FL February 25, 2022

124

OPERATIONS AT THE PALM BEACH COUNTY CONVENTION CENTER MANAGED BY GLOBAL SPECTRUM, L.P. REPORT ON AUDITS OF SPECIAL-PURPOSE FINANCIAL STATEMENTS For the Years Ended September 30, 2021 and 2020

125

TABLE OF CONTENTS

PAGE INDEPENDENT AUDITOR’S REPORT

1-2

SPECIAL-PURPOSE FINANCIAL STATEMENTS Special-Purpose Statements of Assets and Liabilities

Special-Purpose Statements of Revenues, Expenses and Transfers

Special-Purpose Statements of Cash Flows

5-6

NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENTS

7-11

SUPPLEMENTARY INFORMATION Combining Schedule of Revenues, Expenses and Transfers (Unaudited)

Notes to Supplementary Information (Unaudited)

126

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 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, 2021 and 2020, 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. Management’s Responsibility for the Special-Purpose Financial Statements Management is responsible for the preparation and fair presentation of the special-purpose financial statements pursuant to the Management Agreement referred to in Notes 1 and 2; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the special-purpose financial statements that is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the special-purpose financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the special-purpose financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the special-purpose financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the special-purpose financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the special-purpose financial statements 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 entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the special-purpose financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

127

Opinion In our opinion, the accompanying special-purpose financial statements present fairly, in all material respects, the financial position of the Operations at the Palm Beach County Convention Center, Managed by Global Spectrum, L.P. as of September 30, 2021 and 2020, and the results of its operations and its cash flows for the years then ended, pursuant to the Management Agreement referred to in Notes 1 and 2. Emphasis of Matter We draw attention to Notes 1 and 2 to the special-purpose financial statements, which describe that the accompanying special-purpose financial statements were 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. Our opinion is not modified with respect to that matter. Other 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 12 and the related notes 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 management of the Operations at the Palm Beach County Convention Center, Managed by Global Spectrum, L.P., and the Board of County Commissioners of Palm Beach County 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 February 25, 2022

128

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, 2021 AND 2020 2021 ASSETS Current assets: Cash Accounts receivable from events, net Due from Palm Beach County Due from Ovations Food Services, L.P. Prepaid expenses Total current assets

LIABILITIES Current liabilities: Accounts payable Due to Global Spectrum, L.P. Accrued expenses Deferred revenue Total current liabilities Advance from Palm Beach County Total liabilities

$ 1,641,385 191 545,429 20,072 25,966

$ 2,233,043

$ 1,772,439

33,812 54,781 190,828 1,353,622

805,382 2,016 935,424 2,290 27,327

9,191 892 347,170 815,186

1,633,043

1,172,439

600,000

$ 2,233,043

$ 1,772,439

See accompanying notes to special-purpose financial statements. -3-

2020

129

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, 2021 AND 2020

Event revenues: Rental income Service income Ancillary income

2021

2020

$ 1,097,308 568,985 750,404

$ 1,561,340 749,852 1,071,736

2,416,697

3,382,928

316,543 265,585

403,388 352,053

582,128

755,441

1,834,569

2,627,487

11,022 1,828,692 40,155 34,479 318,249 93,000 24,102 109,883 226,092 55,372 3,261 19,968 695,109

12,547 2,655,188 99,474 26,840 352,756 93,000 21,469 117,149 227,473 80,617 1,655 22,335 702,381

3,459,384

4,412,884

Event expenses: Service expenses Ancillary expenses

Event operations Indirect expenses: Advertising Contracted services Building repairs and maintenance Consulting and professional services Contracted labor County service contract Equipment repairs and maintenance Insurance Management fee Miscellaneous expenses Telephone Trash hauling Utilities

Other income (expenses): Other income Other expenses Capital expenses

Excess of expenses over revenues, before transfers Contractual funding transfers, net Net change

170,040 (39,779) (4,419)

18,249 (52,575) (20,495)

125,842

(54,821)

(1,498,973)

(1,840,218)

1,498,973

1,840,218

See accompanying notes to special-purpose financial statements. -4-

130

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, 2021 AND 2020

Cash flows from operating activities: Cash received from: Rental income Service income Ancillary income Other income Cash paid for goods and services Net cash used in operating activities Cash flows from financing activities: Funds received from Palm Beach County Funds paid to Palm Beach County Net cash provided by financing activities

2021

2020

$ 1,635,744 553,028 750,404 157,563 (4,149,704)

$ 1,012,613 754,210 1,071,736 18,249 (5,653,494)

(1,052,965)

(2,796,686)

3,841,321 (1,952,353)

4,254,374 (2,593,161)

1,888,968

1,661,213

Net change in cash

836,003

(1,135,473)

Cash, beginning

805,382

1,940,855

Cash, ending

$ 1,641,385

See accompanying notes to special-purpose financial statements. -5-

805,382

131

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, 2021 AND 2020 2021

2020

$ (1,498,973)

$ (1,840,218)

1,825 (17,782) 1,361

7,024 (2,290) 11,205

24,621 53,889 (156,342) 538,436

(178,566) (156,065) (62,556) (26,302) (548,918)

$ (1,052,965)

$ (2,796,686)

Reconciliation of excess of expenses over revenues, before transfers to net cash used in operating activities: Excess of expenses over revenues, before transfers Adjustments to reconcile excess of expenses over revenues, before transfers to net cash used in operating activities: (Increase) decrease in certain assets: Accounts receivable from events Due from Ovations Food Services, L.P. Prepaid expenses Increase (decrease) in certain liabilities: Accounts payable Due to Global Spectrum, L.P. Due to Ovations Food Services, L.P. Accrued expenses Deferred revenue Net cash used in operating activities

See accompanying notes to special-purpose financial statements. -6-

132

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, 2021 AND 2020

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 and 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, revenue, 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 FASB 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.

133

-7-

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, 2021 AND 2020

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. Receivables: The carrying amount approximates fair value due to the short-term 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 $1,353,600 and $630,700 is designated for advanced deposits for events that will occur subsequent to September 30, 2021 and 2020, respectively. As of September 30, 2020, the amount of advance deposits for events liability exceeded the cash balance by approximately $184,500. This difference was in part due to an overpayment made to the County of approximately $139,000, which is included in the Due from Palm Beach County line in the Statement of Assets and Liabilities for 2020. 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, 2021 and 2020 was approximately $- and $1,100, respectively. Deferred Revenue As of September 30, 2021 and 2020, 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. -8-

134

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, 2021 AND 2020

Nature of Organization and Significant Accounting Policies, continued

Advertising Advertising costs are expensed when incurred. Advertising costs totaled approximately $11,020 and $12,550 for the years ended September 30, 2021 and 2020, 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. 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 years 2021 and 2020. 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, 2021 and 2020 amounted to $5,524,500 and $5,931,000, respectively. The County directly paid for machinery and equipment, insurance, legal, inspector general fee, and indirect operating expenses, which totaled $614,200 and $690,419 for the fiscal years ended September 30, 2021 and 2020, respectively. These expenses are not included in the accompanying special-purpose financial statements. Total management fees, including incentives for the years ended September 30, 2021 and 2020, were $226,092 and $227,473, respectively, of which $78,332 and $66,332 remained unpaid as of September 30, 2021 and 2020, 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 2021 and 2020. These amounts are included in Contracted services in the Special-Purpose Statements of Activities.

135 -9-

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, 2021 AND 2020

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, 2021 and 2020; however the activity for the year ended September 30, 2021 is included as unaudited combining information in the Supplemental Combining Schedule of Revenues, Expenses and Transfers. 4.

Prepaid Expenses

The Organization incurred expenses, generally insurance deposits, for services to be provided after fiscal years ending September 30, 2021 and 2020, and these amounts have been properly included in prepaid expenses in the Special-Purpose Statements of Assets and Liabilities. 5.

Contingencies

The Organization from time to time is involved in litigation incidental to the conduct of its business, and such matters can involve current and former Organization employees and contractors. In the opinion of management, the expected liability, if any, from these matters would not be material to the Facility’s financial position or results of operations. 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, 2021 and 2020 was approximately $4,200 and $5,100, 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, 2021 and 2020 by the Organization was $226,092 and $227,473, respectively. Management fees include $12,000 and $13,381 as an incentive fee for the years ended September 30, 2021 and 2020, respectively. Accrued balance of incentive fee as of September 30, 2021 and 2020, amounted to $78,332 and $66,332, respectively, pending approval from the County. 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, 2021 and 2020 purchased from the Organization was approximately $830,807 and $970,975, respectively. Total amount due to the Organization as of September 30, 2021 and 2020, amounted to $54,781 and $892, respectively.

136 -10-

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, 2021 AND 2020

Credit and Business Concentrations

Business Concentration The Facility received approximately 32% and 37% of total revenues from five customers during the years ended September 30, 2021 and 2020, respectively. One of the five customers represents approximately 8% and 14% of total revenues for the years ended September 30, 2021 and 2020, 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, 2021 and 2020, there was approximately $1,546,400 and $851,600, 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 February 25, 2022, the date on which the special-purpose financial statements were available to be issued, and determined there were no further events to disclose in these special-purpose financial statements.

137 -11-

SUPPLEMENTARY INFORMATION

138

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, 2021 Operations Managed By Global Spectrum, L.P. Event revenues: Rental income Service income Ancillary income

Event expenses: Service expenses Ancillary expenses

Event operations Indirect expenses: Advertising Contracted services Building repairs and maintenance Consulting and professional services Contracted labor Equipment repairs and maintenance Insurance Management fee Miscellaneous expenses Telephone Trash hauling Utilities

Other income (expenses): Other income Other expenses Capital expenses

Change in net assets, before transfers Contractual funding transfers, net Net change

1,097,308 568,985 750,404

(Unaudited) Food and Beverage Operations Combined $

1,524,619

1,097,308 568,985 2,275,023

2,416,697

1,524,619

3,941,316

316,543 265,585

1,180,565

316,543 1,446,150

582,128

1,180,565

1,762,693

1,834,569

344,054

2,178,623

11,022 1,828,692 40,155 34,479 318,249 24,102 109,883 226,092 55,372 3,261 19,968 695,109

3,459,384

170,040 (39,779) (4,419)

(297,951) -

170,040 (337,730) (4,419)

125,842

(297,951)

(172,109)

(1,498,973)

46,103

(1,452,870)

1,498,973

(46,103)

1,452,870

See independent auditor's report and accompanying notes to combining schedule of activities (unaudited). -12-

139

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, 2021

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 thirdparty vendor, Ovations Food Services, L.P., for the year ended September 30, 2021. 2.

Basis of Accounting

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

See independent auditor’s report. -13-

140

Tourist Development 2022 Forecast 2023 Budget Proposal

December 2011Bed

TDC Board Meeting May 12th Executive Summary Revenues & Operating Expenses 6.B.

Tourist Development Tax (Bed Tax)

Revenue Recovery Plan Table of Contents • Revenue Plan

• Expenses Plan

• FY22 & FY23 Collections Rev. Forecast • Budget by Agency

5 – 8. 9 – 13.

• FY23 Beaches/Special Proj. Budget

14 – 16.

• 1st & 4th cent, Conventions Center

17 – 20

• Final Steps

• Addendum - Agency’s FY23 Performance Measures

22 - 27

Tourist Development Tax (Bed Tax)

Revenue Plan FY2022 Updated Forecast Conservative 34% Revenue Increase Adopted Budgeted Revenue $50.1M • Conservative 34% Revenue at $68.1M • Adopted vs Conservative $18.1M increase • Revenue Increase over FY21 $17.1M • Revenue Increase over FY19 $14M or 26% Proposed FY2023 Budget Conservative 5% Revenue Increase Adopted Budgeted Revenue $71.5 Million • Revenue Increase to FY22 Budget $21.5M • Revenue Increase to Fcst FY22 $3.4M • Increase over FY19 $17.4M or 32%

Expenses Plan FY2022 Forecast Spending Impacts: • Hold Contract Spend to Modified FY22 • Hold FY22 Culture and Sports Grants • Projected Reserve positions 40% vs 25%

Final FY2023 Expense Budget • Contracts increased 7% CPI Yr. over Yr. • 2023 COLA/Merit Pool Total of 6% • Culture Cat B Grants grow 3% • Culture Cat CII Grants grow 81% • Sports Cat G Grants 25% • All Stimulus Reserve Draws used to maximize spending, while maintaining Reserve Levels • Start Beach Stimulus Pay-back 4

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Tourist Development Tax (Bed Tax)

2022 & 2023 Collections Revenue Forecast & Proposed Budget 5

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Budget 2022/Forecast 2022 Conservative Growth 34% VS Optimistic 38%

Italics = Actual Collections 6

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Budget Projection FY2023 Optimistic 9% vs Conservative 5%

Italics = Actual Collections 7

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Revenue Source per Ordinance Distribution by Agency

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Tourist Development Tax (Bed Tax)

FY2023 Budget by Agency

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Operating Expenses/Stimulus/Reserves Distribution Discover

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Operating Expenses/Stimulus/Reserves Distribution Cultural Council

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Operating Expenses/Stimulus/Reserves Distribution by Sports

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Operating Expenses/Stimulus/Reserves Distribution Film & TV

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Tourist Development Tax (Bed Tax)

2023 Beaches; Special Proj. Details 14

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Operating Expenses/Stimulus/Reserves Distribution Beach Programs

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Operating Expenses/Stimulus/Reserves Distribution Special Projects

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Tourist Development Tax (Bed Tax)

st 1

th 4

& Cent & Convention Center Performance 17

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Final steps TDC Staff

• Questions/Comments • TDC Finance committee motion to move to TDC Board • TDC Board approve FY23 Budget

Palm Beach County Tourism 2022 Forecast & 2023 Planning Budget

Tourist Development Tax (Bed Tax)

Agency’s FY 2023 Performance Measures 22

Palm Beach County Tourism 2023 Performance Measures

The Palm Beaches Comparative Performance

From Good to Great May 2022

6.D. - 2.

SUMMARY

Historically Solid Performance • Great History - America’s First Resort Destination, 125 years of hospitality

• Strong recoveries after crises (9/11, Great Recession, Oil Spill, Pandemic) • TDC Agency marketing plan reflects importance of all segments (Leisure, Group, Business, Sports, Culture, Multi-cultural, Events) • Largest and most complex county in Florida

SUMMARY

Pandemic Recovery Revelations • 2022 a potential turning point of losing market share

• Higher growth in comparable markets in Florida • Opportunity for deep-dive into underlying trends and developing better strategies

• Best in class destination requires constant vigilance against competition • When you are the best, you need to be aware of the competition

Aug-21

Dec-20

Apr-20

Aug-19

Dec-18

Apr-18

Aug-17

Great Recession

Dec-16

Apr-16

Aug-15

Dec-14

Apr-14

Aug-13

Dec-12

Apr-12

Aug-11

Dec-10

Apr-10

Aug-09

2.5

Dec-08

Apr-08

Aug-07

9/11

Dec-06

4.5

Apr-06

Aug-05

Dec-04

Apr-04

Aug-03

Dec-02

Apr-02

Aug-01

Dec-00

Millions

Historic Room Nights Sold in The Palm Beaches 5

Housing Boom/Condo Conversions

3.5

COVID-19 Pandemic

Aug-21

Dec-20

Apr-20

Aug-19

Great Recession Dec-18

Apr-18

Aug-17

Dec-16

Apr-16

Aug-15

Dec-14

Apr-14

Aug-13

Dec-12

Apr-12

Aug-11

Dec-10

Apr-10

Aug-09

$202

Dec-08

$402

Apr-08

Aug-07

Dec-06

Apr-06

$802

Aug-05

$1,002

Dec-04

Apr-04

Aug-03

Dec-02

$602

Apr-02

Aug-01

Dec-00

Millions

Historic Room Night Revenue in The Palm Beaches $1,202

Housing Boom/Condo Conversions

9/11 COVID-19 Pandemic

Adjusted to 3 Cents Rate

$50 $45 $40 $35 $30

Future recession unlikely to be as impactful as Great Recession, Pandemic & 9/11

$25 $20 $15 $10 $5

1991 Recession -2%

9/11 -11%

Great Recession -20%

COVID-19 Pandemic -20%

1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Millions

Historic Bed Tax Revenue in The Palm Beaches

HISTORY

Beyond Survival – History Proves Resilience The Palm Beaches has thrived

• Application of leading trends in destination marketing • Regular check points of brand performance • Expansion of business events and servicing

• Strong sports events sales and servicing • Unique cultural marketing/promotion and product development

• Robust Film & TV activity and branded content (PBTV)

Share of Rooms vs. RNs Sold (Apr. 2021-Mar 2022) 18.4% 18.3%

Share of Rooms

Share of RNs Sold

85,000 RNs or 1% Occ Lost 3.5% 3.0%

2.2% 2.2%

2.9% 3.1%

3.9% 4.2%

4.0% 3.8%

5.2% 5.3%

2.0% 2.0%

6.0% 5.9%

9.8% 9.4%

11.1% 11.1%

20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0%

COMPARABLE PERFORMANCE

7th

72%

2014-2018

5th

73%

2013

4th

72%

2009-2012

5th

63%

72.3

2019

71.7

64%

71.6

10th

71.5

2021

71.5

71.2

70.1

68.5

67.6

Occ

64.9

PB Rank

64.1

Year (Jan-Dec)

64.1

Renovations are happening everywhere and all occupancies should be adjusted

64.6

Adjusting for rooms in renovation PBs move up one place to 9th

80.3

Palm Beaches moved from 7th place in occupancy to 10th place

Occupancy – 12 Months ending March 2022

COMPARABLE PERFORMANCE

Continue to rank 4th Competitors catching up

4th

Gap from $18 to $10

3rd

Gap from $11 to $14

5th

4th

from from

Year

PB Rank

2021

4th

2007-2019

4th

2006

3rd

2005

2nd

ADR – 12 Months ending March 2022 450 400 350 300 250 200 150 100 50

429

312

124 128 131 135

168 150 158

191 193

225 235

249

COMPARABLE PERFORMANCE

The Palm Beaches ranks 5th

Gap from 4th to 5th went from $21 to $2 with Sarasota capturing 4th place Year

PB Rank

2021

4th

2007-2019

4th

2006

3rd

2005

2nd

RevPAR –12 Months ending March 2022 400

345

350 300 250

214

200 150 100 50

96 102 80 86 92 93

120

138 138

159 161

174

ADR GROWTH Product development a priority

Everyone is renovating Everyone is expanding Rates are up everywhere

Renovations & Expansions

The Keys – Reefhouse Resort (Opal Coll), Chesapeake Resort, Casa Marina Sarasota – Lido Beach Resort, Resort at Longboat Key Daytona - 9 major renovations St. Pete – Bellwether Resort, TradeWinds Resort, Rum Fish Resort, Don CeSar, Marriott Clearwater, Vinroy, Mari Jean Ft. Lauderdale –Hilton Fort Lauderdale Marina, W Ft Lauderdale, Hard Rock, Broward Convention Center Miami – Kimpton Epic, W South Beach, Biltmore, Turnberry, Many South Beach Boutiques Tampa – Hilton Downtown, Marriott Water Street, Hard Rock Naples – Ritz-Carlton Ft. Myers – Tapestry by Hilton, Westin Cape Coral Jacksonville – Hyatt Regency, Indigo, Marriott Downtown Space Coast – Beachside Hotel Cocoa Beach

COMPARABLE PERFORMANCE

Room Nights Sold Growth from CY 2019 to Last 12 Months 2022 30.0%

Market share (less Orlando) went from 5.5% to 5.2%

20.0%

25.0%

13.2%

10.1%

9.8%

7.8%

-15.7%

-20.0%

7.5%

-15.0%

7.1%

-10.0%

7.0%

-5.0%

5.9%

0.0%

0.2%

5.0%

4.8%

10.0%

5.7%

15.0%

-0.7%

Is lack of growth compared to growing markets a concern?

25.2%

Share of Room Nights sold stayed at 3.8%

RNs Growth New Hotels are opening everywhere

Communities are redeveloping Reinventing destinations is the norm

New Hotels & Attractions The Keys – 7-Mile Bridge and Mallory Sq. Redevelopment Sarasota – 578 new rooms, Butterfly House & Wild Kratts®: Ocean Adventure! Daytona – Hilton Daytona Speedway (107 rooms), Hard Rock Hotel (200 rooms), Daytona Beach Resort (744 rooms) Ft. Lauderdale – Avid (101 rooms), Four Seasons, AC FL Beach (171 rooms), Marriott Airport, AC Airport, Tru/Home2Suites (150 rooms), Kimpton, AC Sawgrass, Courtyard Downtown (137 rooms), Cambria (104 rooms) Miami – AC Brickell, AC Dadeland, Yotel, Miami Worldcenter, Magic City Innovation District–Little Haiti, Miami River Redevelopment, Plaza Coral Gables, The Underline Tampa – 9 new hotels, Convention Center District, Riverwalk, Water Street, Midtown & Channel District Redevelopment projects Naples – Paradise Coast Sports Complex Jacksonville – 16 major events in 2021 and new aggressive meeting planner incentive program Space Coast – Renewed space program

COMPARABLE PERFORMANCE

Year

Room Revenue Growth from 2019 to Last 12 Months 2022: Good but losing share

PB share (excl. Ord)

80%

2021

6.5%

60%

2018-2019

6.7%

50%

2017

6.8%

40%

2014-2016

6.7%

2013

6.8%

2010-2012

6.6%

2009

6.5%

-10%

2008

5.0%

2007

5.3%

2006

5.4%

2003-2005

5.5%

69%70%

70%

30% 20% 10%

-20%

35%35%37% 31% 27%28% 23%26% 18%20% 13% -10%

CONCLUSIONS

Key Take-aways •

Ranking and performance analysis shows opportunities for growth and improvement

•

The Palm Beaches recovery is based on rate (ADR) - Is this sustainable given growth in other destinations?

•

The Palm Beaches has experienced a healthy rate of product development but not at the pace of key competitors – Should we accelerate development in The Palm Beaches?

•

Bed tax revenue have grown significantly but slower than other destinations, meaning Palm Beaches relative impact will be weaker – How can our dollars work harder to improve ROI and ranking?

•

It is the time to plan and invest for the future

RECOMMENDATIONS

From Good to Great

Focus on better alignment between TDC and Agencies Strategic Plans Prioritize Convention Center District (Plan Goal 3) Identify and Prioritize Projects thru Tourism Master Plan process (Plan Goal 1) Utilize resources on: Transformative projects (Plan Goal 1) Sustainable practices Enhanced DEI projects (Plan Goal 4) Alignment on community goals (Plan Goal 5) Adopt an overarching consumer and client facing brand identity while respecting individual local brand application (Plan Goal 6)

RECOMMENDATIONS

Investment Ideas (from TDC retreat to test in master planning)

Convention Center enhancements Okeechobee Pedestrian Connector/Underpass Indoor sports venue Connectivity to Rail Nature and adventure assets Art & culture Assets (Boca Performing Arts Center) Business Events (Innovation Center, PGA Conference Center) Beachfront Entertainment Venue, Boardwalk, Family attraction Development of Glades region

Grant Summary FY '22 Recmd. $

Proj. Room Nights

June 22‐26, 2022

$15,000

1,800

Ballpark of the Palm Beaches Roger Dean Chevrolet Stadium

November 5‐19, 2022

$52,000

8,100

PGA National Resort

November 9‐13, 2022

$20,000

1,750

Event

Sport

Location

Date

Cal Ripken Baseball Rookie & T ‐ Ball State Championship (FY 22)

Baseball

Gardens Park

Men's Senior Baseball League (MSBL) Fall Classic Baseball (FY 23)

ClubCorp Champions Classic (FY 23)

Golf

Recommended Grant Funds, FY '22

$15,000

Recommended Grant Funds, FY '23

$72,000

6.E. - 1.a. - c.

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

CATEGORY G GRANT APPLICATION REQUEST SUMMARY EVENT DESCRIPTION

Cal Ripken State Championship Series Palm Beach Gardens Baseball, a division of the Palm Beach Gardens Youth Athletic Association (PBGYAA), will host the Cal Ripken Rookie & T-Ball State Championships at Gardens Park on June 24-27, 2022. The event will determine the state champion for the rookie division, which features players between the ages of 7 and 8. The tournament will attract 50 teams and 600 youth players across Florida. Approximately 100 baseball games will take place during the 4-day tournament. Teams are guaranteed at least 3 games. The rookie division requires machine pitches for batters.

GRANTEE CONTACT

Palm Beach Gardens Youth Athletic Association Seth Abrams / (561) 818-6197

BID/GRANT

Grant

GRANT FUNDS REQUESTED GRANT FUNDS RECOMMENDED

$20,000 $15,000 (FY 22)

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

Local

MARKETING PLAN

Press release will be sent to the local television stations to promote the event as well as releases to the Palm Beach Post.

EVENT OWNER ESTIMATES

Estimated Economic Impact - $650,882 Estimated Room Nights – 1,800

SPONSORSHIP BENEFITS

Banner posted on site at Gardens Park, listing on all promotional material as an official sponsor and request to throw out a ceremonial opening pitch at one of the tournament days.

OTHER TDC FUNDS REQUESTED

None

PRIOR EVENT HISTORY

’21 – 1,738 Room Nights ’20 – Covid Canceled ’19 – 1,845 Room Nights ’18 – 1,766 Room Nights

’17 – 1,933 Room Nights ’16 – 1,843 Room Nights ’15 – 1,171 Room Nights ’14 – 792 Room Nights

’21 - $6,000 ’20 - $15,000 (2 events) ’19 - $9,500 ’18 - $9,500 (reim. $9,000)

’17 - $7,500 ’16 - $7,500 ’15 - $3,000 ’14 - $5,000

PREVIOUSLY APPROVED FUNDS

Event Fact Sheet

________________________________________________________________________________ Event Name:

Men’s Senior Baseball League (MSBL) Fall Classic

Event Owner:

Men’s Senior Baseball League, LLC

Grantee:

Men’s Senior Baseball League, LLC

Dates:

November 5-19, 2022

Funding:

$52,000 – Category Grant $5,000 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 96 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

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

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 fifth consecutive year. The upcoming MSBL Fall Classic will take place from November 5-19, 2022. 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.

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

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 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 $400,000 budget to host the Fall Classic. Support from the Palm Beach County Sports Commission’s grant program is used to offset site fees. Hospitality: Site Fees: Officials: Awards: Equipment: Labor: Marketing:

$18,000 $140,000 $78,000 $69,000 $30,000 $30,000 $48,000

Benefits:  The event has the potential to generate room nights and economic impact during the county’s shoulder season  Hosting this Championship enhances Palm Beach County’s profile as an amateur baseball destination  This event would utilize both of 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

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

Men’s Senior Baseball League (MSBL) Fall Classic

November 5-19, 2022 Ballpark of the Palm Beaches & Roger Dean Chevrolet Stadium

The Sports Commission is bidding on the rights to host the MSBL Fall Classic for the 5th consecutive year.

The MSBL Fall Classic is the first national amateur event to take place in Palm Beach County, after the onset of Covid-19.

Two stadiums and 26 diamonds are sourced at Ballpark of the Palm Beaches and Roger Dean Chevrolet Stadium to bring the MSBL Fall Classic back to The Palm Beaches.

The MSBL Fall Classic is one of the largest amateur baseball tournaments for adults that takes place annually in the United States.

108 travel teams consisting of 2,160 athletes and over 4,000 total visitors are expected to participate in 2022.

The MSBL Fall Classic will feature eight (8) age groups: 18+, 28+, 35+, 45+, 50+, 55+, 60+, 65+

Teams travel from across the United States, Canada, Puerto Rico, Venezuela, Dominican Republic, Colombia, & Peru.

The MSBL Fall Classic will host over 450 games with 30 to 35 games taking place each day.

Teams are guaranteed to play at least 5 games and the average length of stay for visitors is 7-days.

The event generated 8,023 hotel room nights last year (2021).

20,391 hotel room nights have been tracked from the MSBL Fall Classic over the past 4 years (2018-21).

Over $5 million dollars is created annually from the athletes and spectators attending the MSBL Fall Classic.

Site fees will increase by $20K or $10K per spring training venue due to rising expenses in labor, materials, supplies.

In response to rising costs and in order to ensure hosting the MSBL Fall Classic for the 5th straight year, a grant increase from $35K to $52K is recommended.

Event Fact Sheet

_____________________________________________________________________________________ Event Name: ClubCorp Champions Classic Event Owner:

ClubCorp

Grantee:

ClubCorp

Proposed Dates:

November 9-13, 2022

Funding:

Up to $20,000 $10 per room night ($20,000 maximum) Will apply for FSF Funding

Sport:

Golf

Level of Competition:

Amateur

Age Range:

Adults

Venue:

PGA National Resort

Estimated # of Attendees:

400 golfers 300 additional staff, sponsors and spouses

Estimated # of Room Nights:

1,750 room nights projected 700 attendees / 2 per room x 5 nights

Estimated Economic Impact:

$843,500 700 participants * $241 average daily stay *5

Event Description: ClubCorp is the largest owner and operator of private clubs nationwide with 200+ country clubs, city clubs, athletic clubs, and stadium clubs in markets all across the country, including Firestone Country Club (Akron, OH), Mission Hills Country Club (Rancho Mirage, CA), The Woodlands Country Club (The Woodlands, TX), Capital Club (Beijing), and The Metropolitan (Chicago, IL). Located in 26 states, the District of Columbia, and also two foreign countries, the company and its clubs have more than 430,000 members and employ around 20,000 employees.

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

ClubCorp has hosted the ClubCorp Champions Classic Golf Tournament for 34 years. Each club within the ClubCorp family of Private Clubs has the opportunity to send 1 or 2 teams to compete for the bragging rights of winning the tournament. Each team will consist of a ClubCorp Golf Professional and 4member teams from each respective club that participates. There is one wave of 78 teams plus sponsors, spouses, staff. The event is Wednesday, November 9-13, 2022. All teams play four (4) rounds of golf (one (1) practice round and three (3) tournament rounds). Event History The ClubCorp Champions Classic was relocated to Palm Beach County in 2021 and generated 1,149 room nights, with 58 teams participating. ClubCorp Champions Classic Tentative Agenda Wednesday, November 9th • Champions Classic Participant Arrivals & Check-In • Participant Practice Rounds Throughout The Day (The Fazio or The Palmer) • Tournament Registration • Welcome Cocktail Reception & Dinner with Glo Ball Putting Thursday, November 10th • Breakfast • First Tournament Round – Shotgun Start on The Champion, The Fazio, and The Palmer • Lunch • Evening Activities on their Own Friday, November 11th • Breakfast • Second Tournament Round – Shotgun Start on The Champion, The Fazio, and The Palmer • Lunch • Evening Activities on your Own Saturday, November 12th • Breakfast • Final Tournament Round – Shotgun Start on The Champion, The Fazio, and The Palmer • Lunch • Cocktail Reception • Awards Dinner Sunday, November 13th (Ross Division) & Sunday, October 17th (Fazio Division) • Breakfast • Departures

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

AGENDA Group Demand • National • Palm Beach County • Trends

6.H.

Group Demand

Updated January 2022

FUTURE PACE - National

Contracted Group Room Nights

Palm Beach County Convention Center

60000

50000

40000

•

Future bookings up 38%

30000

•

Future room nights up 28%

•

Size of attendance down

20000

10000

0 2022

2023 OTB

2024

2025

OTB + Tentative

2026 Pace Targets

2027

2028

Year End Goal

2029

GROUP TRENDS

•

Planning Time – 1 week - 12 months

•

Average group size 50% smaller

•

Corporate / Incentive – trending up

•

C suite meetings – association and corporate

•

Larger meetings lagging until leaders understand future

•

Industry Disruptors continue to create uncertainty •

Health, Labor, & Virtual/ Hybrid

•

Sustainability on the rise

•

EDI rocketed into global consciousness

Palm Beach County Convention Center

LOST BUSINESS Top reasons • Hotel Inventory • Ability to fit under one roof • Board Preference / Convention District Package • Date availability / Leisure

2019 128,000 room nights, 48 leads 2021 Pandemic Year –cancelled/ rebooked 2022 21,000 room nights, 12 leads

PBCCC Recovery FY19 Actual FY20 Actual FY21 Actual FY22 Proj FY23 Budget $ 9,611,084 $ 6,928,932 $ 4,098,883 $ 7,800,000 $ 8,700,000 $ 829,167 $ (485,327) $ (1,460,930) $ (600,000) $ (400,000)

Gross Revenue Net Income (Before Int Cap)

Gross Revenue vs Net Income Gross Revenue

Net Income (Before Int Cap)

$12,000,000

$1,000,000

$10,000,000

$500,000

$8,000,000

$6,000,000

$(500,000)

$4,000,000

$(1,000,000)

$2,000,000

$(1,500,000)

$(2,000,000) FY19 Actual

FY20 Actual

FY21 Actual

FY22 Proj

FY23 Budget

PBCCC Recovery 1.

Business Mix • Short is Shorter, Long is Short • Corporate, Conferences, Meetings • Business and Social F&B • Sports • Annual/New Events

Existing Challenges • Staffing • PBCCC Part-Time Staff (Venue and Food) down 75% • Heavy reliance on temporary staffing agencies • Subcontractor Availability •

Cost of Doing Business • Temporary Staffing Rates • Food and Beverage Pricing • Equipment and General Services Costs • Salary Compression