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Response 8.3: What changes will be made if funding for your request is not available or recommended?* <br />Matching Funds Percentage <br />9| Project Budget Overview <br />Please complete budget for this project/proposal. If your agency operates independently of this project application it may not be necessary <br />to submit the entire agency budget. You must submit a budget which specifically pertains to the project/event for which you are <br />requesting funding and adheres to the basic budget format shown below. <br />The budget must include anticipated revenues, expenditures, and any potential profit or loss. For projects/events which are ongoing for <br />more than one (1) year, please also submit actuals from the previous three (3) years of operations (need not be consecutive) for the <br />project/proposal if applicable. <br />For any claimed in-kind contributions valued at $500 or more and related to marketing/advertising, you must submit verifying <br />documentation which assures the contribution will be provided. For instance, if you are claiming in-kind contributions in the form of <br />advertising match, a binding contract itemizing the matching value and obligating each party must be provided. <br />ATTENTION: In an effort to allow an adequate level of flexibility for all applicants, not all fields in the budget portion are required to be filled <br />before this form is submitted. Providing all applicable data is your responsibility, failure to do so will potentially jeopardize your <br />application's chance for review. <br />Budget Year <br />Edit if necessary <br />Revenues <br />Account Name Past Actual 3 Past Actual 2 Past Actual 1 Projected <br />If additional funding for our request is not available or recommended, we will continue to carry out our existing events and <br />marketing efforts as planned. However, the lack of enhanced funding would limit our ability to grow and improve these initiatives. <br />Specifically, without the additional resources, we would face the following challenges: <br />Limited Marketing Reach: Our current marketing efforts would continue to be geared towards a local audience, preventing us <br />from expanding our reach to attract new audiences. This would hinder our ability to engage a broader demographic of tourists <br />and visitors, limiting the potential economic impact on the local community. <br />Fewer Enhancements to Events: We would not be able to introduce new features, activities, or experiences to our events, which <br />are essential for maintaining visitor interest and driving repeat attendance. Enhancements such as improved entertainment, <br />additional vendors, and activities could be scaled back. <br />Decreased Flexibility for Tourism Promotion: Without the additional funding, we would have less flexibility to explore unique <br />digital marketing strategies, such as social media campaigns, targeted online ads and tourism platforms. <br />Overall Slower Growth: Ultimately, without the additional funds, our ability to scale our tourism marketing and outreach efforts <br />would be significantly hindered, resulting in slower growth in both visitor numbers and economic benefits for the downtown area. <br />In summary, while we would continue our current activities, the opportunity to innovate, expand, and improve would be limited, <br />impacting our long-term goals for tourism growth and community engagement. <br />2500 character limit. <br />644.60 <br />This field will auto fill with the correct percentage based on your input to budget section below. <br />2022 2023 2024 2025 <br />LTAC Grant Funding 0.00$0.00$0.00$34,750.00$ <br />Other Revenues <br />Donations 190061.49$103700.00$120000.00$110000.00$ <br />Sponsorships 21955.00$43338.86$35212.00$38000.00$