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Quarterly financial report shows about $1 million favorable variance; no votes taken after quorum absent

Hillsborough County Tourism Development Council · August 8, 2024
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Summary

A staff presentation of April–June financials showed revenues exceeding expenses by roughly $1,000,000, though year-to-date collections remain about 2% below last year; the meeting continued without an in-person quorum, so no formal votes were held.

A staff member presented Hillsborough County’s April–June quarterly financial statements and reported a favorable variance in the operating results. "We're at about 1000000," the staff member said, summarizing that revenues exceeded expenses by roughly $1,000,000 for the quarter.

The presenter told board members that collections are tracking slightly below last year—about 2% on an annual basis—and that July collections were approximately 5% below July of the prior year. Board members noted statewide declines in leisure travel but some gains in food-related spending. Because the meeting lacked an in-person quorum, the chair confirmed the body would review agenda items but could not take any formal votes.