COBI 2015 - GFR - Tourism Marketing Performance Fund

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

The Tourism Marketing Performance Fund is a performance based funding mechanism linked to increases in sales tax revenue for 21 tourism related industries. Funding is used to fund the tourism advertising program. The overall goal of the Marketing Program is to increase the national and international awareness, inquiries, and tourism visits to Utah.

Funding History

Funding Issues

Tourism Marketing Performance Fund

The Tourism Marketing Performance Fund (TMPF) captures revenue from predefined tourism related sales tax growth. The money is spent primarily on advertising with the goal of increasing Utah tourism as indicated by certain performance measures. The annual amount increases by $3 million annually as long as certain measures are met.

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $18,000,000 from all sources for GFR - Tourism Marketing Performance Fund. This is a 20 percent increase from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $18,000,000 from the General/Education Funds, an increase of 20 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Tourism Marketing Performance Fund$15,000,000$3,000,000

OngoingOne-TimeFinancing Source

$15,000,000$0General Fund

$0$3,000,000General Fund, One-time

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
GFR - Tourism Marketing Performance Fund	8,349,100	7,000,000	9,000,000	12,000,000	15,000,000	0	15,000,000	3,000,000	18,000,000
Total	$8,349,100	$7,000,000	$9,000,000	$12,000,000	$15,000,000	$0	$15,000,000	$3,000,000	$18,000,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund	0	0	0	0	0	0	0	15,000,000	15,000,000
General Fund, One-time	6,950,000	7,000,000	9,000,000	12,000,000	15,000,000	0	15,000,000	(12,000,000)	3,000,000
Beginning Nonlapsing	1,399,100	0	0	0	0	0	0	0	0
Total	$8,349,100	$7,000,000	$9,000,000	$12,000,000	$15,000,000	$0	$15,000,000	$3,000,000	$18,000,000

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Transfers	8,349,100	7,000,000	9,000,000	12,000,000	15,000,000	0	15,000,000	3,000,000	18,000,000
Total	$8,349,100	$7,000,000	$9,000,000	$12,000,000	$15,000,000	$0	$15,000,000	$3,000,000	$18,000,000

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.