2018-04-10-minutes-solid-waste - Laserfiche WebLink

Home Browse Search

Executive Summary How do we balance the significant community benefit provided by the Event Center in a way that supports continued community use while at the same time supporting facility improvements? How do we account for all costs associated with the Event Center including the capital and operating budget, volunteer inputs, and capital facility investment? How do we accurately account for the benefits of the Event Center including community events that are discounted or no cost, county department use that is no cost, and the revenue stream created in the community through tourist traffic the facility generates? What strategies can be employed to ensure the Event Center remains viable for the community as both an economic generator and a facility that is supportive of our rural community? The capacity for rental (and by association, for revenue generation) of the Event Center is influenced by the amount of free and reduced -cost rentals. Thus budgeting and long-term planning should take into account the actual facility space, at any given time, which is even available for rent. Therefore, budget expectations for revenue generation and expenses should be predicated on the understanding that, for all intents and purposes, the Event Center can only EVER rent out about 70% of its facility space. Although there is a tangible loss of rental capacity from free and reduced -cost uses of the facility, this is more than offset by the revenue generation from events like fair and rodeo, direct and indirect spending in the community, local tax generation from 150,000 visitors, in-kind support from volunteers, in-kind products and services provided, and community benefit. All of these are important considerations weighing against the financial impact borne by the county in operating the Event Center. Overall, the Board of County Commissioners should understand that the Event Center is an important community resource that not only provides economic generation for the surrounding community, but also provides a sense of place to a significant number of community members engaged in local traditions like the 4-H youth development program, rodeo, community gift basket, and fair. a 2 ID e o�.