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Budget report: 2025 projections on track; three 2024 items may shift into 2025 via mid‑year amendment

OCVB Commission · January 22, 2025

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Summary

Kelly presented the commission's budget status, saying 2024 interest earnings are projected near $80,000 and that 2025 revenues are expected to come close to the $815,000 budget; three items not completed in 2024 (Veterans Walk monument repairs, Veterans Walk parking lot, Space Force design) total about $46,000 and may be added via a mid‑year amendment.

At the Jan. 22 meeting, Kelly presented the OCVB budget update and identified a small set of capital items that were not completed in 2024 and may be added back via a mid‑year amendment to the 2025 budget.

Kelly said the agenda attachment included year‑to‑date numbers through November (the commission runs about two months behind on revenue…

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