SEA reports 2024 expenses of $118,360 and year‑end fund balance; board approves financial report

SEA staff presented a tentative year‑end wrap‑up for 2024 that included award checks, collections and room‑night information, and board members approved the financial report by voice vote.

The presenter said total expenses for awards written in 2024 were $118,360, leaving a fund balance of $31,640. The staff presentation said that amount would be earmarked to SEA and that the board designated $150,000 for SEA in the 2025 budget discussions. The presenter also noted one committed award: Special Olympics spring basketball for $12,000; staff said the grantee would submit a funding award form so a check could be issued.

Staff reviewed collections and room‑night data. Collections submitted in November for October increased to $31,003.96; collections submitted in December for November were $24,482. The transcript records a year‑to‑date figure of approximately 031/15184 in collections (as presented), which staff said equated to about 160,007 room nights sold and represented a 1.9% increase in room nights compared with 2023. Staff cautioned the figures reflect the report’s tentative wrap‑up for 2024 and that one establishment remained past due on collections at the time of the report.

During the meeting the board moved to approve the financial report. Jim moved the motion and Dave seconded; the transcript shows the motion was approved by voice vote. Other business during the same agenda segment included approval of minutes from the prior meeting and receipt of event evaluation forms for Arts in the Park and a cowboy fast‑draw event.

Ending Board members expressed that the numbers were generally positive for the year and directed staff to proceed with issuing checks for committed awards and to continue submitting post‑event evaluations as required.