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CVB reports steady revenues, marketing spend and short-term rental enforcement challenges
Summary
Boyle County’s CVB reported roughly $40,000–$50,000 in monthly balances, a $125,000 CD, about $16,000 in excess revenue year-to-date, $50,000 spent on marketing this quarter and a $54,750 wayfinding-signs project partly covered by a local CDC; officials said they continue short-term rental identification and collection efforts (47 properties identified, nine nonresponsive).
Tim Montgomery and Kendall Clinton presented a preliminary financial and operational update for Boyle County’s Convention & Visitors Bureau.
Montgomery said the CVB typically carries $40,000–$50,000 in the bank each month and holds a $125,000 certificate of deposit. As of the June 30 reporting period the CVB was about $16,000 above budgeted revenues, he said.
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