HomeMy WebLinkAboutLTAC Budget 2025 June 10 2025 UPDATECity of Port Townsend
LODGING TAX FUND
BUDGET SUMMARY 2025 DRAFT
Lodging Tax
Revenues
Taxes
Interest Income
Other Financing Sources (incl. Reserve Balance)
Total Revenue
Expenditures
Salaries / Wages & Benefits
LTAC Led-Services
Visitor Information Services
Marketing
2024 Community Grants
Data Collection
Visitor Experience
Creative District Support
LTAC Obligated Funds
Downtown Restroom Planning - Year One
General Fund Overhead
Facility rental waivers
Big Belly Contract
Other Financing Uses (inc. Transfers Out)
Total Expenditure
2020
Actual
270864
339546.55
1081.58
0
340628.13
0
250053.14
125000.04
432836.49
2021
Actual
178655.64
525078.71
124.3
0
525203.01
0
125184.54
125000.04
288229.66
2024
FINAL
550000
750
0
550750
75000
83400
115000
40000
20000
15000
8400
0
17618
10000
15500
125000
524918
2025
Proposed
600000
15000
332494
947494
83282
103725
169709.56
50000
25000
15000
12000
65000
250000
17618
10000
10009.44
125000
245909.44
936344
690434.56
Notes
removed the $750, per Jodi, and added 15K interest
1X investments only
.5FTE Marketing Director
See Breakout 1
See Breakout 2
50K one round
(1X) Downtown Economic Impact Study
Winter Lighting Maint.
Winter Lighting (new 1X)
Creative District support : 50K for 50% of salaries and benefits, 15K for 50% of programs
(1X) 50/50 split with Sewer Utility
From Finance Dept
Consistent YOY
50/50 split with Streets Maint.
Debt service through 2036
staff salaries, GF overhead, debt service
total all expenses
City of Port Townsend
LODGING TAX FUND
BUDGET SUMMARY 2025 SCENARIO
Lodging Tax
Expenditures
Northwest Maritime
Port Townsend Main Street Program
Key City PublicTheatre
City of Port Townsend (Facilities)
Total Expenditure
2024 (June - Dec)
Visitor Information Budget Allocation ACTUAL
50000
19400
10000
5494.05
84894.05
2025
Visitor Information Budget Allocation PROPOSED
53000
26775
18456
5494
103725
98231
NOTES
Visitor Information Hub, including phone, in-person, email, data collection and brochure mgmt
Mobile Greeter program Downtown Port Townsend (seasonal)
JeffCo Promo: Readerboard management (year-round)
1X Readerboard repair / replacement
Less 1X from Reserve
may include 20K web + social- not yet under contract
City of Port Townsend
LODGING TAX FUND
BUDGET SUMMARY 2025 SCENARIO
Lodging Tax
Expenditures
Photography & Video Assets
Rebrand and Launch Campaign
Website Refresh
Advertising
Total Expenditure
2025
Marketing Budget Allocation
10000
7500
20000
10000
15000
20000
21900
23000
15000
10000
5600
7500
6709.56
124709.56
45000
169709.56
174609
4899.44
GRANTS
15000
11609
15000
NOTES
1X Spring Assets (Budgeted + $15,000 grant for 25K contract)
Samuel Wolfe shoulder season photo and video (5K 1X)
1X Selection of creative agency Fall 2024
1X - Contract w JayRay
Holiday Campaign (Main Street + Marketing Workgroup)
Web and Social Media Contract (was with VIS Contract)
Sound Edge Marketing (Gold - $1825/mo)
OPTC Co-op Participation ($16,000) and Fall Campaign ($7,000)
New visitor map & brochure (Collaboration with JCHS) design + printing
Ads General: Getaway Guide, PDN Visitor Guide, SEA TAC lighted sign
Distribution of materials using Certified Folder - four ferry routes
Keen Bee Consulting Support for Launch Campaign, website update
Unallocated Contingency - Campaign or Addtl' support
Advertising + support
Reserve 1X total
grant
RFP:
50K VIS
23K Social and Website upkeep