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HomeMy WebLinkAboutResolutions - 2024.07.18 - 41363 AGENDA ITEM: Sponsorship of 2024 Arts, Beats & Eats Festival DEPARTMENT: Board of Commissioners MEETING: Board of Commissioners DATE: Thursday, July 18, 2024 6:00 PM - Click to View Agenda ITEM SUMMARY SHEET COMMITTEE REPORT TO BOARD Resolution #2024-4303 Motion to approve a one-time allotment and reallocate $50,000 from the Board of Commissioners Special Project line-item budget to the Department of Economic Development for the purpose of sponsoring the 2024 Arts, Beats & Eats festival in the City of Royal Oak; further, the FY 2024 Budget shall be amended as reflected in the attached Schedule A – Budget Amendment and authorize the Board Chair to execute the required Agreement on behalf of Oakland County. Furthermore, the Director of the Department of Economic Development shall act as the agreement administrator. ITEM CATEGORY SPONSORED BY Special Project Michael Gingell, David Woodward INTRODUCTION AND BACKGROUND In 2023, the four-day festival attracted an estimated 365,000 people and generated over $332K to donate to local charities. Since the event began in 1998, more than $6 million has been raised by the festival for community and charitable organizations. Arts, Beats & Eats was founded in 1997 to celebrate the quality of life in Oakland County by offering a culturally unique presentation of artists, musicians and food exhibits, from the Metro Detroit area and throughout the United States. Arts, Beats & Eats is held annually on Labor Day weekend in the City of Royal Oak. Arts, Beats & Eats has a strong history of drawing significant economic activity and interest to Oakland County, with as many as 400,000 people attending the four-day festival and raising more than $6 million for local charities since its inception. The economic impact of the festival to the region has been measured at $40 million, according to the event’s website. Oakland County government has a long history of supporting the Arts, Beats & Eats festival. This sponsorship exhibits a strong investment towards attracting economic and cultural activity in Oakland County as well as measurably support for the travel, tourism and hospitality sectors. BUDGET AMENDMENT REQUIRED: Yes Committee members can contact Michael Andrews, Policy and Fiscal Analysis Supervisor at 248.425.5572 or andrewsmb@oakgov.com or the department contact persons listed for additional information. CONTACT Michael Gingell, Commissioner David Woodward, Commissioner ITEM REVIEW TRACKING Aaron Snover, Board of Commissioners Created/Initiated - 7/19/2024 AGENDA DEADLINE: 07/18/2024 6:00 PM ATTACHMENTS 1. BOC Schedule A - Sponsorship of 2024 Arts, Beats & Eats Festival COMMITTEE TRACKING 2024-07-10 Finance - Recommend to Board 2024-07-18 Full Board - Adopt Motioned by: Commissioner Gwen Markham Seconded by: Commissioner Angela Powell Yes: David Woodward, Michael Spisz, Michael Gingell, Penny Luebs, Christine Long, Robert Hoffman, Philip Weipert, Gwen Markham, Angela Powell, Marcia Gershenson, William Miller III, Yolanda Smith Charles, Charles Cavell, Brendan Johnson, Ajay Raman, Ann Erickson Gault, Linnie Taylor (17) No: Kristen Nelson (1) Abstain: None (0) Absent: (0) Passed Oakland County, Michigan FY 2024 Sponsorship of 2024 Arts, Beats & Eats Festival Schedule "A" R/E Fund Name Division Name Fund # (FND) Cost Center (CCN) # Account # (RC/SC)Program # (PRG) Grant ID (GRN) # Project ID # (PROJ) Region (REG) Budget Fund Affiliate (BFA) Ledger Account Summary Account Title FY 2024 Amendment E General Fund Board of Commissioners FND10100 CCN5010101 SC731822 PRG180010 730000 Special Projects $(50,000) E General Fund Economic Development Administration FND10100 CCN1090101 SC731822 PRG171000 730000 Special Projects $50,000 Total Expenditures $-