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Tourism commission returns funds to reserves

Tourism commission returns funds to reserves Tourism commission returns funds to reserves
Kaitlyn Clay, Staff Writer, [email protected]

The Harrison County Tourism Commission met Thursday afternoon for its quarterly meeting to discuss the financial reports and the First Capitol Tourism Development Corp.  contracts.

Jeremy Yackle, executive director of the Harrison County Convention & Visitors Bureau, recommended the board approve moving $20,000 from the operating account back to the operating reserve fund.

The board had voted unanimously during its June meeting to move $100,000 from the operating reserve fund to the operating account, and Yackle had said if all of that amount didn’t need to be use, the remainder would be moved back to the operating reserve fund. At the time, he anticipated the money would be needed.

However, they are ready to “slowly, but surely” begin to move funds back, and Yackle said the $20,000 was a good number to start with that will keep the cash flow in good condition.

The board voted unanimously to move the funds.

During the financial report, Yackle noted that one of the big hits that the commission is continuing to take is in innkeeper’s tax revenue due to Caesars Southern Indiana’s hotel not operating at full capacity. As it slowly phases into a full capacity re-open in the future, the board hopes to see those numbers return to normal.

For the months of October and November, the innkeeper’s tax revenue was $32,210.88, bringing the year to date of the tax revenue to $233,532.90.

The total revenue for October and November was $70,192.84, bringing the year-to-date revenue to $781,054.93.

An amendment was proposed to the 2019 FCTDC contract to make adjustments for expenses from the year, which passed unanimously. The contract was decreased to $715,000.

Likewise, the 2020 FCTDC contract was unanimously approved. The contract was set for $900,000, the same as the pre-amended contract.

“We set it a little high and then, if we have to change it, we can change it at the end of the year,” Yackle said. “It’s our standard services contract.”

Amanda York, the marketing manager for the Convention & Visitors Bureau, presented a mock-up for the new cover of the Harrison County Visitor’s Guide, which showcases drawings that represent all aspects of the county.

She is still waiting on some approval before taking it to the printers but said she hopes to have it complete soon.

It was said at the meeting that the Blaine H. Wiseman Visitor Center in Corydon was down 66% in totals visits for the year, but hopes to see things return to normal after the COVID-19 vaccine is distributed.