* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:01]
          CLOSED CAPTIONING PROVIDED BY BUFORT COUNTY. 
          GREAT MORNING. 
          WE'D LIKE TO WELCOME EVERYONE TO TODAY'S FINANCE ADMINISTRATIVE COMMITTEE MEETING. 
          WE HAVE AN AGENDA BEFORE US THIS MR. CHAIR. 
          I'D LOOKED AT THE AGENDA AND I'VE REVIEWED MINUTES FROM NOVEMBER 18 MEETING, UM, AND NEED TO MAKE A CORRECTION THOSE MINUTES. 
          SO I WOULD MOVE TO, UH, AMEND THE AGENDA TO INCLUDE A SUBSECTION B UNDER THREE APPROVAL OF MINUTES, WHICH WOULD SAY B, CORRECT MINUTES OF NOVEMBER 18TH, 2025. 
          I SECOND. 
          OKAY. 
          ALL IN FAVOR? MOTION CARRIES. 
          UH, SO WE'LL MOVE ON TO OUR APPROVAL OF OUR DECEMBER 9TH, 20, 25 MINUTES. 
          UM, I, I DID READ 'EM. 
          I MOVE APPROVAL A SECOND. 
          SECOND. 
          ALL IN FAVOR? AND THE ADDITION, UH, THREE B YES. 
          FOR THE NOVEMBER 18TH MINUTES. 
          YES. 
          I, I MOVE, UH, AND I HAVE A COPY FOR THE COMMITTEE MEMBERS AND FOR, UH, MADAM CLERK OVER THERE. 
          UM, THIS IS WITH REGARD TO THE GENERAL OBLIGATION BONDS, UH, NOT TO EXCEED 35 MILLION. 
          UM, THE LANGUAGE, UM, AND, AND THIS IS HARD TO DESCRIBE, SO I'LL GIVE A COPY TO THE CLERK. 
          UM, IT'S IN A 1, 2, 3, 4, 5, 6 LINE DOWN, UH, TO USE TO FUND. 
          AND THEN IT WOULD ADD THE PHRASE, CERTAIN CAPITAL PROJECTS, INCLUDING, BUT NOT LIMITED TO. 
          THAT WAS, UH, THE INTENT OF MY MOTION. 
          I APOLOGIZE. 
          I MADE THE MOTION TO APPROVE THESE MINUTES. 
          AND WITH ALL THE DARK TYPE, I DIDN'T READ AS CAREFULLY AS I SHOULD HAVE. 
          SO I APOLOGIZE TO THE COMMITTEE AND THE STAFF. 
          UM, BUT IF WE COULD CORRECT THOSE MINUTES AND I'LL PROVIDE A COPY TO THE CLERK, UM, TO REFLECT THE MOTION. 
          I WAS DOING IT REMOTELY AND TRYING TO FOLLOW WHAT THE BOND COUNCIL WAS SAYING. 
          AND, AND, UM, ANYHOW, THAT WAS THE INTENT. 
          OKAY. 
          STAY A SECOND. 
          SECOND. 
          OKAY. 
          ALL IN FAVOR? OKAY. 
          THANK YOU. 
          THANK YOU. 
          NEXT WE HAVE PRESENTATIONS. 
          WE'LL HAVE OUR FINANCE DIRECTOR, MR. DAVE BYS, JOIN US WITH A MONTHLY. 
          WE DID. 
          WE DID. 
          THANK YOU. 
          GOOD MORNING, SIR. 
          GOOD MORNING. 
          OH, EXCUSE ME. 
          GOOD MORNING, SHARON. 
          COUNSEL . 
          THAT'S ALL RIGHT. 
          HOW YOU DOING? UH, WANNA GO THROUGH THE NOVEMBER FINANCIAL PACKET THIS MORNING? UM, AS WE KIND OF HAVE GONE THROUGH THE PAST COUPLE OF MONTHS, UM, WE HAVE BEEN WORKING ON CREATING A REPORTING BOOK THAT WE CAN GIVE A FEEDBACK FROM. 
          OUR FIRST MEETING WE HAD BACK IN NOVEMBER OF WANTING TO GET, UH, HOW IS THE TOWN DOING, BASICALLY, AND OTHER INFORMATION RELATED TO THAT. 
          SO THIS BOOK KIND OF HAS BEEN KIND OF AN OUTGROWTH OF THOSE DISCUSSIONS. 
          UM, WE'LL BE CHANGING OVER TIME. 
          WE CAN MAKE IT MAYBE AT EXECUTIVE SUMMARY OR THINGS AT THE BEGINNING AND THE FUTURE. 
          BUT, UM, YOU KNOW, WITH THE INTENT HERE TODAY, I WANT TO GO THROUGH WHAT WE HAVE NOW AND, UH, ANSWER ANY QUESTIONS YOU MIGHT HAVE. 
          OKAY. 
          UH, RELATED TO OUR FINANCIALS. 
          SO WE STILL HAVE COMING SOON FOR THE TOWN, THERE WAS A REQUEST TO GET AN IDEA OF SALES TAX INFORMATION BY SEGMENT. 
          UM, WE ARE WORKING WITH THE STATE ON THAT RIGHT NOW, AND, UM, I'M GOT MY FINGERS CROSSED. 
          WE CAN HAVE SOMETHING FOR THE NEXT MEETING. 
          UH, WE NEED MORE FROM WHAT THE STATE HAS VERSUS WHAT WE HAVE INTERNALLY. 
          IT'S BEEN A LITTLE BIT SLOW TO GET THAT INFORMATION, BUT WE ARE WORKING ON THAT. 
          OKAY. 
          UM, GETTING TO OUR REVENUE SNAPSHOT, UM, YEAR OVER YEAR COMPARISON, AND THEN THE 26 ANNUAL BUDGET. 
          WE DO HAVE THIS BROKEN OUT BY OUR GENERAL FUND HOUSING FUND, UH, C-H-N-C-D-C FUND, CAPITAL FUND, STORM WATER, SPECIAL REVENUE, AND, UM, THE VARIOUS ITEMS UNDERNEATH THOSE, UH, REVENUE STREAMS. UM, FROM THE PERSPECTIVE OF LAST MONTH TO THIS MONTH, THERE REALLY WERE NO MATERIAL CHANGES ON A REVENUE PERSPECTIVE. 
          EVERYTHING IS STILL TRACKING. 
          WE'RE AT ABOUT 1.6% GROWTH OVER LAST MONTH FROM A YEAR TO DATE PERSPECTIVE, UM, FOR, WELL AT LEAST THROUGH NOVEMBER YEAR TO YEAR. 
          UM, ONE OF THE THINGS THAT WE TALKED ABOUT LAST MONTH ON THE ANNUAL BUDGET, YOU DON'T SEE ANY REVENUE FOR SPECIAL REVENUE. 
          UH, WE HAVE NOW PUT THE PROJECTION IN AND AS WE GO FORWARD IN THIS PRESENTATION, WE ARE GONNA BE WORKING ON PROJECTING THE ENTIRE YEAR FOR THE TOWN, INCLUDING BUDGETED FUNDS. 
          SO YOU'LL BE SEEING THAT NEXT MONTH. 
          OKAY. 
          UM, GETTING OVER TO OUR EXPENSE SNAPSHOT. 
          UM, WE 
          [00:05:01]
ARE 21% HIGHER THAN A YEAR AGO FROM A TOTAL EXPENSE OF ALL FUNDS. 
          UH, HIGH PERCENTAGE. 
          BUT WHEN YOU TRY TO PULL OUT SOME ONE-TIME ITEMS FROM 25, WE'VE GOT THE COMMENTS WE'VE ADDED ON THE RIGHT THERE WITH MOST OF THOSE ARE RELATED TO HURRICANE HELENE AND ARPA. 
          HOME REPAIR FUNDING, UH, EXPENSE, YOU PULL THOSE EXPENSES OUT. 
          AND THEN WE PULL A COUPLE OF ITEMS OUT FOR 26 FOR BEACH FARM PAYMENTS AND LAND PURCHASE FOR MEMORY MATTERS, HALF OF MEMORY MATTERS. 
          UH, WE ARE AT A MUCH MORE, WE'RE AT ABOUT 1.9%, UH, ACTUALLY REDUCTION OF EXPENSE YEAR OVER YEAR. 
          SO, UM, AND WE'VE GOT THE COMPONENTS OF THE FUNDS UP ABOVE. 
          BUT I WOULD SAY FROM A NORMALIZATION PERSPECTIVE, WE'RE, WE'RE TRACKING, UM, ONE OF THE THINGS WE TALKED ABOUT BEFORE, WE'RE STARTING OUR BUDGETING PROCESS THIS MONTH, AND WE WILL BE BUDGETING EVERYTHING BY MONTH. 
          SO WE CAN KIND OF HAVE A COMPARISON ON EVERY MONTHLY BASIS OF HOW WE'RE TRACKING TO THE BUDGET INSTEAD OF TO THE ANNUAL BUDGET. 
          OKAY. 
          UM, MR. CHAIR, IF I COULD JUST ASK A QUICK QUESTION AGAIN. 
          YES, MA'AM. 
          SO, HAVING LOOKED AT THE, UH, THE REVENUE SNAPSHOT AND EXPENSE SNAPSHOT TO DATE, TO THE DATE OF THIS REPORT, IT LOOKS AS THOUGH BOTTOM LINE, WE'RE DOING FINE. 
          WE'RE DOING OKAY. 
          UM, AND NO TRENDS TO POINT OUT TO US THAT THERE ARE ISSUES. 
          NOTHING. 
          THANK YOU. 
          OKAY. 
          HERE, HERE'S SOME NEW ITEMS THAT WE'VE ADDED IN THIS MONTH. 
          FIRST ONE IS THE CIP SNAPSHOT. 
          UH, WE HAVE A BUDGET, UH, AMENDMENT DISCUSSION NEXT COUNCIL MEETING IN FEBRUARY. 
          AND THAT'S GONNA HAVE ITEMS THAT WOULD'VE ROLLED OVER FROM 25 TO 26, OR NEW ITEMS THAT WERE NOT IN THE 26 BUDGET. 
          AND SO WE'VE INCLUDED THOSE EVEN THOUGH WE HAVEN'T PRESENTED THAT YET TO COUNCIL, BUT THEY ARE INCLUDED HERE IN THIS PRESENTATION. 
          UM, SO YOU DO SEE NEW LINE ITEMS THIS MONTH, ESPECIALLY IN LAND ACQUISITION. 
          WE'VE ADDED IN THE PARTICULAR PROJECTS FOR THOSE ITEMS THAT WOULD BE PART OF THE LAND ACQUISITION GOING FORWARD. 
          UM, AND, UM, MOST OF THOSE TWO, THE BIG ONES WE'VE ALREADY DISCUSSED ARE THE NINE AND 10 PARK LANE. 
          WE DISCUSSED THAT LAST MONTH AT THE COUNCIL MEETING, UH, USING THE BOND RE GEO BOND RESOLUTION FOR THAT. 
          AND THEN WE ALSO HAVE IN THERE THE 1.3 MILLION FOR THE FIRE RESCUE, UH, THAT THE IMPROVEMENTS WE'RE MAKING BASED ON THAT PURCHASE. 
          AND THEN THE 3.2 MILLION FOR OTHER ROADWAY IMPROVEMENTS FOR THE, IT'S REALLY FOR NORTH POINT FOR THE, SO IF YOU LOOK AT THOSE, THOSE ARE THE BIG MATERIAL ITEMS THAT WE'VE INCLUDED IN THE CIP SNAPSHOT. 
          THIS, THIS MONTH. 
          IF YOU, IF YOU TAKE THOSE OUT AND KIND OF LOOK AT TO HOW ARE WE TRACKING TO THE ORIGINAL BUDGET? 'CAUSE MANY OF THE DOLLARS YOU SEE HERE ON THE EXPENSE THAT COMMITTED HAVEN'T BEEN TOUCHED. 
          SO THE AMENDMENT, UH, DOLLARS WE'VE ADDED, MAKE THE PERCENT 67 LOOK LOWER. 
          ACTUALLY, WE'RE AT ABOUT 82.3% IF YOU LOOK AT, UM, ARE COMMITTED AND ACTUAL DOLLARS VERSUS THE BUDGET TO DATE. 
          OKAY. 
          UM, THERE WAS A QUESTION LAST MONTH ON, UH, BEACH RENOURISHMENT. 
          ARE WE GONNA HIT, UH, THAT, UH, NUMBER? WE'RE AT 92% RIGHT NOW AFTER WORKING WITH THE CIP TEAM. 
          UH, THEY SAY, WELL, THEY EXPECT THAT WE WILL. 
          IT JUST HASN'T BEEN COMMITTED OR SPENT YET. 
          ANY QUESTIONS ON CIP? JUST WANNA MAKE A COMMENT. 
          UM, WE HAVE DEFINITELY IMPROVED THE PROCESS. 
          UH, IN PRIOR YEARS, YOU WOULDN'T SEE THIS MUCH, UM, MONEY BEING, UH, SPENT AND COMMITTED AS A TOTAL. 
          SO WE'RE DOING A BETTER JOB OF UNDERSTANDING EXACTLY WHAT WE'RE GOING TO BE SPENDING IN THE FISCAL YEAR AND THEN TRACKING, UH, TO THAT. 
          RIGHT. 
          SO I WANTED TO ACKNOWLEDGE THAT, UH, THAT IS A CHANGE AND AN IMPROVEMENT IN THE PROCESS. 
          GREAT. 
          THANK YOU. 
          OKAY. 
          A NEW SLIDE. 
          UM, AND THIS SLIDE WAS DONE. 
          'CAUSE THE QUESTION WAS REALLY CAME UP, HOW ARE WE DOING? AND SO WE, UH, DEVELOPED THIS FUND BALANCE WALK JUST TO KIND OF GET AN IDEA, UH, WHAT THIS YEAR IS LOOKING LIKE. 
          AND SO THE WAY THIS STARTS IS AT THE TOP, WE HAVE OUR BUDGET ON THE LEFT AND OUR PROJECTION ON, ON THE RIGHT. 
          UM, AND THE BEGINNING FUND BALANCE, KIND OF LOOK AT THAT AS YOUR CHECKING ACCOUNT. 
          THAT'S REALLY THE CASH FOR THE TOWN. 
          UM, AND THEN WE HAVE OUR DIFFERENT REVENUE COMPONENTS, UM, WHETHER THEY WERE BUDGETED OR NOT. 
          UM, AND IF YOU LOOK AT GENERAL DEBT SERVICE, STORM WATER, UM, THOSE ITEMS WERE BUDGETED. 
          AND WE'RE FORECASTING RIGHT NOW THAT THOSE WILL BE THE PROJECTION FOR THE YEAR. 
          UM, WE HAVE SINCE, UH, WORKING ON GETTING THOSE NUMBERS UPDATED. 
          SO NEXT MONTH WE'LL SEE AN UPDATED NUMBER WITH THAT. 
          UM, SPECIAL REVENUE HAS NOT BEEN BUDGETED IN THE PAST. 
          UH, WE WILL START TO BUDGET 
          [00:10:01]
THAT IN THE FUTURE, BUT WE ADDED IN A PROJECTION OF 52 MILLION THERE FOR SPECIAL REVENUE BECAUSE IT IS HAPPENING. 
          AND THEN WE HAVE, UH, UH, BAH GEECHEE, THE 1 25 THAT WAS BUDGETED, AND THEN OTHER ITEMS THAT HAVE COME THROUGH THAT WERE NOT BUDGETED FOR 2026, THE FEMA DISASTER FUND USAGE OF 1.1 MILLION. 
          AND THEN THE BONDS, THE, UH, SPECIAL REVENUE FUND FOR THE BEACH BONDS OF 19 MILLION. 
          AND THE GO BOND THAT WE JUST DID, UM, LAST MONTH OF 35 MILLION. 
          UH, AND THEN LAST IN THE BUDGET AMENDMENT, WE WILL HAVE SOME REVENUE, UH, THAT WE'RE GONNA RECOGNIZE FOR, UH, $80,000, UH, FIRE RESCUE DONATION THAT'S TO BE USED ON EQUIPMENT. 
          SO WE'RE GONNA HAVE THE REVENUE AND THE EXPENSE. 
          AND THEN WE HAVE SUNDAY LIQUOR PERMIT FEES THAT WE'VE ADDED IN. 
          SO IF YOU LOOK AT THE BUDGETED AND PROJECTED REVENUE FOR THE YEAR, WE'RE AT ABOUT 176 MILLION IN ADDITION TO THE BEGINNING BALANCE. 
          SO THAT GIVES US AT AROUND $429.7 MILLION AVAILABLE FUNDS TO BE SPENT. 
          AND THEN WE JUMPED DOWN TO THE EXPENSE SECTION, WHICH IS REALLY, UH, OUTLINING HOW WE'RE SPENDING THAT MONEY. 
          SO WE'VE GOT OUR GENERAL FUND EXPENSE, WHICH IS 59. 
          WE'RE LEAVING THAT AS A BUDGET FOR NOW. 
          WE WILL BE GOING THROUGH A PROJECTION UPDATE WHEN WE DO THE 27 BUDGET FOR THE GENERAL FUND DEBT SERVICE. 
          THIS INCLUDES THE DEBT SERVICE PAYMENTS, ALSO THE ADDITIONAL DEBT SERVICE FOR THE GEO BOND THAT WE'RE MAKING THIS YEAR. 
          WE PRESENTED LAST MONTH. 
          AND THEN, UM, ONE ITEM THAT WAS NOT BUDGETED FOR THE SPECIAL REVENUE FUNDS, WE'VE ADDED THAT EXPENSE IN, WHICH IS THE STATE A TAX GRANTS AND DMO PAYMENTS. 
          UM, THOSE ARE HAPPENING. 
          WE WILL PUT THOSE IN 27 GOING FORWARD, BUT WE'VE ADDED THAT IN AS A, I'LL CALL IT A CASH OUTFLOW. 
          UM, WE HAVE OUR CAPITAL RIGHT NOW, WHICH IS THE 77.7 MILLION WE LOOKED AT, AT THE PRIOR SLIDE. 
          AND THEN WE HAVE OTHER ITEMS THAT WERE BUDGETED AND WE'RE LEAVING THAT AS THE SAME FOR THE FORECAST FOR NOW. 
          UH, GU GEECHEE WORKFORCE HOUSING, UH, THOSE TWO ITEMS. AND THEN WE DO HAVE SOME ISSUANCE COSTS FOR THE SPECIAL REVENUE BEACH BONDS THAT, UH, WE PUT IN. 
          AND THEN THE BUDGET AMENDMENT CAPITAL DOLLARS THAT WE LOOKED AT ON THE PRIOR SLIDE, WHICH IS REALLY THE PROJECTS LAND PURCHASES AND THE FIRE RESCUE, AND THEN ALSO THE EQUIPMENT RELATED TO THAT $80,000 GRANT. 
          SO RIGHT NOW WE'RE PROJECTING AN ENDING FUND BALANCE OF AROUND 223.4 MILLION, UH, FOR 2026 BY THE END OF JUNE, WHICH IS ABOUT A 30 MILLION REDUCTION FROM OUR BEGINNING FUND BALANCE OF 2 53. 
          SO THIS IS REALLY KIND TO GIVE YOU A KIND OF A SNAPSHOT OF HOW THINGS ARE TRACKING THROUGHOUT THE YEAR. 
          SO WE CAN, YOU KNOW, WE CAN KIND OF, THIS IS SOMETHING WE'LL WE'LL UPDATE AS WE GO FORWARD. 
          SOMETIMES THE NUMBERS MIGHT NOT CHANGE UNLESS WE'RE UPDATING THE FORECAST, BUT WE'LL HAVE IT IN HERE JUST TO REFERENCE POINT BACK A LOT OF INFORMATION HERE THAT WE HAVEN'T PRESENTED BEFORE, BUT I THINK IT'S A GOOD WALK TO KIND OF SEE HOW WE'RE TRACKING. 
          YES, YES. 
          YES. 
          SO, UH, AGAIN, I APPRECIATE YOU PUTTING THIS TOGETHER. 
          I KNOW IT'S A LOT, AND IT, IT'S A BIG CHANGE, BUT I THINK IT REALLY HELPS ANSWER THE QUESTION THAT I ALWAYS, UH, AM LOOKING FOR THE ANSWER ON IS HOW ARE WE DOING HOLISTICALLY, UH, AND FROM A BIG PICTURE POINT OF VIEW. 
          SO THIS CLEARLY LAYS IT OUT. 
          I DO HAVE A COUPLE OF QUESTIONS REGARDING, UM, THE ITEMS. UM, FIRST I WANTED, UM, I HAD A QUESTION REGARDING THE DEBT SERVICE, UM, IN THE MOVEMENT FROM ALMOST 19 MILLION TO $30 MILLION. 
          IS THAT A REFLECTION OF US PAYING OFF THE YES. 
          14 MILLION YES. 
          UH, AS WE CAPTURE IT OUT OF THE, UH, DEBT. 
          YEAH. 
          UM, AND I, I DO BELIEVE WE'RE GONNA, WHEN WE COME BACK WITH THE BUDGET AMENDMENT IN NEXT MONTH, I'M, I'M, I'M GONNA, I'M GONNA MOVE THAT TO BE A, IT WAS NOT BUDGETED, RIGHT? SO I'M GONNA MOVE THAT TO THE BUDGETED AMENDMENT EXPENSE IN THE FUTURE, BECAUSE THAT'S REALLY WHERE IT SHOULD BE INSTEAD OF UP IN THE 30.7 MILLION. 
          OKAY. 
          YEAH. 
          GREAT. 
          AND THEN, UM, ANOTHER IS A COMMENT. 
          SO WE HAVE THE $35 MILLION BOND THERE, AND, UM, IT'S A PROCEDURAL QUESTION ON HOW WE DECIDE HOW WE'RE GOING TO TAP INTO THOSE FUNDS. 
          UM, YOU KNOW, WE'VE ALREADY IDENTIFIED THAT WE'RE GONNA USE IT TO PAY OFF, UH, THE FIRE AND RESCUE, UH, HEADQUARTERS, AND THAT THE REMAINING MONEY CAN BE USED FOR LAND ACQUISITION PURPOSES FOR DEVELOPMENT, AS WELL AS OTHER CAPITAL PROJECTS. 
          UH, WHAT I DON'T WANNA HAVE HAPPEN IS THAT IT, UM, IT, IT IS OUT THERE AND IT IS JUST USED, YOU KNOW, AS PART OF OUR, OUR BUDGET. 
          WHAT I'D LIKE TO SEE HAPPEN IS THAT WE ARE VERY PRESCRIPTIVE ABOUT HOW WE SPEND THAT MONEY. 
          OKAY. 
          SO, UH, THAT TOWN COUNCIL 
          [00:15:01]
IS DECIDING WE'RE GOING TO TAP INTO THIS, UM, UH, YOU KNOW, MONEY THAT WE BORROWED FOR THESE SPECIFIC PROJECTS. 
          BECAUSE RIGHT NOW WE DON'T HAVE A BUDGET ASSOCIATED WITH THAT. 
          WE DO NOT. 
          AND I DON'T WANT IT TO GET LOST. 
          AND I ALWAYS MAKE THE COMMENT, AND I, I TELL PEOPLE, UM, YOU KNOW, SINCE I HAVE A FINANCIAL BACKGROUND, I DO THINGS A LITTLE BIT DIFFERENTLY EVEN IN MY PERSONAL LIFE. 
          BUT, UM, YOU KNOW, UH, I HAVE WHAT I CALL SQUIRREL ACCOUNTS. 
          SO WHEN I, I GET MONEY THAT I WANT TO, UH, USE FOR A SPECIFIC PURPOSE, I PUT IT OVER TO THE SIDE BECAUSE I FOUND OVER LIFE THAT IF YOU PUT IT IN YOUR REGULAR OPERATING RESULTS OR YOUR CHECKING ACCOUNT THAT YOU USE EVERY DAY, SOMEHOW MYSTERIOUSLY IT GETS USED. 
          UM, AND SO IT'S BETTER TO PUT IT OVER TO THE SIDE AND BE VERY THOUGHTFUL ABOUT THAT SPENDING. 
          AND I WANNA MAKE SURE THAT THAT HAPPENS WITH THIS $35 MILLION. 
          SO I DON'T KNOW PROCEDURALLY HOW THAT HAPPENS, WHERE THAT MONEY SHOULD BE PLACED, HOW, HOW WE WOULD GO ABOUT DOING THAT. 
          BUT THAT IS WHAT I'M LOOKING FOR. 
          OKAY. 
          UH, WITH THE SPENDING OF THAT MONEY. 
          OKAY. 
          I DON'T KNOW HOW MY PEERS FEEL ABOUT THAT, BUT, UM, I THINK THAT'S AN IMPORTANT PROCESS THAT WE NEED TO LAY OUT. 
          OKAY. 
          GOT YOU. 
          I, I COMPLETELY AGREE WITH YOU. 
          UM, AND, AND I WOULD SUGGEST THAT PERHAPS IT BE PART OF OUR, UH, FY 27 BUDGET DISCUSSIONS, UM, AS WE LOOK AT THE CAPITAL PROJECTS THAT WE WOULD BE LAYING OUT. 
          UM, AND, UH, WE LIKE TO HAVE THAT SCROLL ACCOUNT AS YOU DESCRIBE  FOR THAT'S AN ACCOUNTING TERM. 
           HIGH, HIGH LEVEL ACCOUNTING TERM . 
          YEAH. 
          DON'T TELL MY HUSBAND THAT I MIGHT HAVE A SCROLL ACCOUNT. 
          OKAY. 
          , UM, NO, HE KNOWS . 
          UM, BUT ANY RATE, UM, I THINK, UH, THE OTHER FUND THAT WE ALL, OR THE FUNDS WE LOOK FOR ARE IN LAND PURCHASES. 
          AND SO SOMETIMES THAT'S A LITTLE BIT DIFFICULT TO DECIDE HOW MUCH TO PUT IN THERE BECAUSE WE DON'T KNOW WHEN PROPERTY MIGHT BECOME AVAILABLE THAT WE MIGHT LIKE TO PURCHASE FOR, ESPECIALLY FOR CONSERVATION PURPOSES. 
          SO I, I THINK PERHAPS, AND I'LL LEAVE IT TO MR. BIRD AND MR. ORLANDO TO DECIDE HOW TO DO THAT, BUT I COMPLETELY AGREE THAT WE NEED TO HAVE, UH, TOWN COUNCIL NEEDS TO HAVE A, A, A FIRM IDEA ABOUT HOW THAT MONEY IS TO BE SPENT. 
          UM, AND, AND MAYBE PART OF THE BUDGETING PROCESS IS THE PLACE TO YEAH. 
          AND I THINK WE'LL DEFINITELY GET THROUGH THAT LEVEL AND SEPARATELY WITHIN THE BUDGET. 
          'CAUSE IT, DEPENDING ON WHAT THAT IS USED FOR, WE, WE NEED TO ISOLATE THAT OUT. 
          I DO AGREE WITH THAT. 
          AND WE CAN SHOW THAT. 
          AND I THINK IT DOESN'T GET LOST. 
          SORRY. 
          I, I THINK IT'S BEEN HELPFUL FOR US TO KNOW, UH, FOR CAPITAL FUNDING AS WE LOOK AT THE CIP PROJECTS, AS WE LOOK AT THE OUT YEARS, THE FY 27 AND MAYBE 28, AND I, I THINK WE'RE GOING TO DO MULTIPLE YEARS. 
          WE'VE DONE THAT THIS YEAR, UM, TO KNOW WHERE THE SOURCE OF THOSE FUNDS ARE, AND THAT'S BEEN VERY HELPFUL TO US TO KNOW THAT. 
          SO I WANNA RIGHT IN THIS FY 27 BUDGET TO KEEP DOING THAT. 
          YEAH. 
          OKAY. 
          OKAY. 
          SO NOW HERE WE GO. 
          BUT THIS IS BY FUND. 
          SO WE HAD THE SUMMARY FOR THE TOWN, AND THIS IS JUST GIVES YOU AN IDEA BY FUND. 
          THE PRIOR SLIDE DID NOT INCLUDE TRANSFERS. 
          THIS SLIDE DOES. 
          AND SO VARIOUS FUNDS MIGHT HAVE TRANSFERS IN. 
          WE'VE ADDED IN TRANSFERS OUT JUST SO EVERY TRANSFER IN DOLLAR SHOULD TRANSFER OUT. 
          IF YOU LOOK AT THE RIGHT, THERE'S ABOUT $73 MILLION OF TRANSFERRING IN AND OUT BETWEEN FUNDS. 
          UM, AND THEN WE'VE ADDED IN THE OTHER BUDGET AMENDMENT ITEMS AS WELL. 
          SO NOT TO GO THROUGH EVERY ONE OF THESE, BUT IT JUST KIND OF GIVES YOU AN IDEA BY FUND. 
          HOW ARE WE TRACKING, UM, RELATED TO CHANGE IN FUND BALANCE THIS YEAR, UM, RELATED TO THAT $30 MILLION I SPOKE TO ON THE PRIOR SLIDE. 
          SO MOST OF THAT'S COMING OUTTA DEBT SERVICE, WHICH WE, WE TALKED ABOUT WITH THE, USING THAT MONEY TO MAKE THE FIRST PAYMENT ON THE GEO BOND AND THEN, UM, STORM WATER AS WELL, BASED UPON THE ANTICIPATED CAPITAL SPEND. 
          THOSE ARE REALLY TWO MAJOR REDUCTIONS HAPPENING OUTSIDE OF SPECIAL REVENUE THAT, UH, IS USED TO FUND OTHER PROJECTS. 
          AND THEN WE ADDED IN AT THE BOTTOM, OUR TOWN COUNCIL FUND BALANCE POLICY ITEMS JUST TO GET VISIBILITY ON THOSE. 
          AND THAT KIND OF GIVES YOU AN IDEA, I KIND OF CALL IT RESTRICTED MONEY, BUT MONEY THAT WE, UH, HAVE SET ASIDE FOR VARIOUS RESERVE PURPOSES BY CATEGORY WITHIN THE FUNDS. 
          AND SO WE DO HAVE AN ENDING FUND BALANCE, UM, AFTER THOSE RESTRICTIONS HERE. 
          SO YOU'VE GOT ROUGHLY 223 MILLION PRE RESTRICTION AND, UM, ABOUT 90 MILLION GIVE OR TAKE LESS. 
          UM, AFTERWARDS. 
          ANY QUESTIONS ON THIS? JUST SORT OF PICKING UP ON THE, UH, THE COMMENTS THAT MS. TURNER AND MS. PRICE HAD MADE 
          [00:20:01]
ON A PREVIOUS SLIDE? UM, I CONCUR. 
          OKAY. 
          AND I THINK IT'S VERY IMPORTANT. 
          UM, I KNOW THAT WE'VE HAD DISCUSSIONS AROUND SORT OF DEVELOPING INTO A FIVE YEAR, AND THOSE COMMENTS ARE IMPORTANT TO THAT FIVE YEAR, THIS FUND BALANCE CONVERSATION ABOUT WHAT WE'RE GOING TO PUT AS POLICY IS IMPORTANT TO THAT FIVE YEAR. 
          UM, AND HOW WE MAKE DECISIONS ON TO BORROW OR NOT IS IMPORTANT AS WELL. 
          RIGHT. 
          BECAUSE, UM, I THINK IF WE WOULD NOT HAVE DONE ANY BONDS, THEN THE CHANGE IN FUND BALANCE WOULD'VE BEEN A LOT HIGHER. 
          CORRECT. 
          THAT'S CORRECT. 
          SO, UM, THE SOONER WE CAN GET INTO THAT FIVE YEAR DISCUSSION, I THINK THE BETTER OFF WE'LL RIGHT. 
          AS A WHOLE. 
          RIGHT. 
          AND YOU'RE RIGHT THAT YOU HAVE 26 MILLION IN HERE OF FUND BALANCE SURPLUS BASED ON THE 35 MILLION GEO BOND. 
          THAT'S CORRECT. 
          AND MORE INFORMATION IF YOU WANTED JUST TO KNOW WHAT'S IN SPECIAL REVENUE. 
          WELL, HERE YOU GO. 
          SO THESE ARE ALL THE VARIOUS, UH, UH, FUNDS THAT ARE MAKE UP THE SPECIAL REVENUE NUMBER. 
          WHAT MAKES UP THAT 52 MILLION, UM, WHETHER SPECIAL REVENUE IS REALLY GRANTS, MISCELLANEOUS GRANTS, BUT YOU HAVE OUR BEACH PRESERVATION H TAX FEES, UM, TIFF, WHICH WILL BE WINDING, IS WINDING DOWN. 
          IT'S WRAPPED UP, UM, ROAD USAGE STATE, A TAX FEES, REAL ESTATE TRANSFER, ET CETERA, SHORT TERM RAILS, ALL OF THOSE ROLL UP INTO SPECIAL REVENUE. 
          SO WE KIND OF DID A WALK AS WELL AFTER TRANSFERS TO KIND OF SEE HOW THESE TOTAL BASED UPON, UM, OUR SPECIAL REVENUE NUMBERS, IF YOU WANTED TO SEE AN INDIVIDUAL COMPONENT OF HOW THAT'S TRACKING, AS WELL AS THE RESERVE POLICY UNDERNEATH THAT AS WELL, WHICH WE'LL HAVE THIS INFORMATION AS WE GO THROUGH THE BUDGET, WE AS ALSO JUST TO KEEP TRACK OF THAT. 
          YEAH. 
          JUST A NOTE, UH, MR. BYRD, AS WE GO THROUGH, UH, THE NEXT FISCAL'S BUDGETED EXERCISE, UM, I THINK IT'S IMPORTANT, UM, THIS SCREEN IS SHOWING THE CURRENT SPECIAL REVENUE SOURCES. 
          UM, HOWEVER THESE CHANGE, UH, TIFF IS A PRIME EXAMPLE. 
          UM, IF WE HAVE A LOOK BACK OVER THE LAST 10 YEARS OF TIF, WE PROBABLY HAVE A PRETTY SUBSTANTIAL NUMBER THAT HAS BEEN A PART OF OUR BUDGET, WHICH IS NO LONGER. 
          RIGHT. 
          RIGHT. 
          UM, SO I THINK IT'S IMPORTANT FOR US TO UNDERSTAND THAT AS YOU ARE, UM, SITTING WITH US IN OUR TWO BY TWOS, JUST SO THAT WE KNOW YEAH. 
          UM, THAT THAT NUMBER'S HADN'T ALWAYS BEEN, UH, THINK IT'S A NEGATIVE CHANGE FROM BALANCE, RIGHT? LIKE WHAT DOES LOOK LIKE OVER THE LAST. 
          RIGHT. 
          AND WE DO HAVE THAT, UM, WE DO HAVE A TIFF REVENUE SLIDE AT, UM, WHEN WE GO THROUGH A QUARTERLY REVENUES. 
          SO WE DO SHOW, WE DO HAVE THAT AMOUNT IN OUR REVENUE SLIDES AS WELL. 
          UM, AND THE IMPACT THAT LOSING THE TIFF IS, IS GONNA HAVE DOWN THE ROAD FROM A REVENUE PERSPECTIVE ALSO. 
          BUT I ALSO WANT TO ACKNOWLEDGE THAT THESE SPECIAL REVENUES ARE REVENUES THAT WE SAVE TO USE FOR BIG PROJECTS. 
          PROJECTS, UH, YOU KNOW, THEY'RE NOT NECESSARILY USED FOR OPERATING OUR RESULTS. 
          THEY'RE USED FOR THINGS LIKE PARKS AND FIRE TRUCKS AND LAND PURCHASES, ET CETERA. 
          AND SO AS WE COLLECT, OUR BALANCE IS GOING TO GET LARGER. 
          AND THEN AS WE, UH, YOU KNOW, CHOOSE TO INVEST IN PARKS AND FIRE TRUCKS AND SUCH, THAT BALANCE IS GONNA GO DOWN. 
          SO FOR ME, I DON'T THINK IT'S A NEGATIVE WHEN THE BALANCE GO DOWN. 
          I THINK IT'S PART OF THE EXPECTATION BECAUSE WE'RE SAVING FOR SOMETHING AND THEN THEN SPENDING THAT MONEY. 
          THAT'S EXACTLY, AND THE GOOD NEWS IS IF WE HAVE A WAY TO REPLENISH THAT MONEY. 
          RIGHT. 
          UH, BECAUSE OUR SPECIAL REVENUE COMES IN EACH AND EVERY MONTH. 
          OKAY. 
          ALL RIGHT. 
          AND HERE IS JUST A KIND OF A HIGH LEVEL, JUST A VERY HIGH LEVEL VIEW OF, OKAY, WE HAVE OUR ANNUAL REVENUE PROJECTION DOES NOT INCLUDE THE BUDGET AMENDMENT DISCUSSION. 
          WHAT'S OUR REVENUE? WHAT'S OUR EXPENSE? UM, AND IF YOU, AND THIS IS WHEN YOU BACK OUT, AND THIS IS NOT A TRANSFERS, BUT WHEN YOU BACK OUT THE REVENUE FOR CAPITAL, MOST OF THAT'S, UM, FEMA. 
          AND THEN, UM, THE SPEND ON CAPITAL AND DEBT SERVICE, WHICH IS, WE, WE'VE DISCUSSED, YOU HAVE ABOUT 26 MILLION OF SURPLUS HERE. 
          WE'LL DO THIS EVERY YEAR WHEN WE DO THE FIVE YEAR PLAN. 
          AND THAT REALLY IS GONNA GIVE YOU AN IDEA OF HOW MUCH SURPLUS WE WOULD HAVE WITHOUT ANY, AGAIN, THE FUND BALANCE FOR CAPITAL PROJECTS, UH, OR, YOU KNOW, AND SO THIS IS JUST KIND OF A LEVEL SET OF HOW WE'RE LOOKING, YOU KNOW, THIS YEAR FROM THAT PERSPECTIVE. 
          AND, UM, LIKE I SAID, WE'LL BE UPDATING THIS EVERY, EVERY YEAR GOING OUT JUST TO GET AN IDEA BEFORE WE GET INTO ANY FUNDING NEEDS FOR ANY PARTICULAR PROJECTS 
          [00:25:01]
OUTSIDE OF WHAT THE TOWN GENERATES. 
          BUT THAT'S JUST KIND OF A LEVEL SET ON THAT. 
          I THINK IT'S A, IT'S AN EDUCATIONAL OPPORTUNITY TO UNDERSTAND, UM, HOW MUCH MONEY, UH, IT'S POTENTIALLY AVAILABLE THERE BASED OFF OF YOUR REVENUES AND EXPENSES. 
          UM, BUT I KNOW IN WHEN WE HAD OUR MEETING, WE TALKED ABOUT, UM, HAVING A POLICY ON WHEN WE END THE YEAR, UH, WITH, UM, AN OVERAGE OF NET INCOME, YOU KNOW, WHAT WOULD WE WANT TO DO WITH THAT MONEY? SHOULD IT GO, YOU KNOW, AND MY COMMENT WAS RELATED TO WHAT HAPPENED LAST YEAR WHERE WE HAD TRANSFERS IN, UM, THAT WERE DONE, THAT WERE ALIGNED TO WHAT WE HAD BUDGETED, AND WE DIDN'T NECESSARILY NEED ALL THAT MONEY. 
          AND SO NOW YOU'VE PULLED IT OUT OF FUNDS WHERE IT WAS SITTING AND PUTTING IN, INTO YOUR GENERAL OPERATING. 
          UM, SO, UH, HAVING A PROCESS, UH, TO BETTER MATCH WHAT, UH, ACTUALLY NEEDS TO BE TRANSFERRED BASED OFF OF WHAT'S HAPPENING WITH YOUR REVENUE AND EXPENSES. 
          AND THEN, UM, TAKING A LOOK AT THE END OF THE YEAR WHEN YOU HAVE THAT OVERAGE AND DECIDE WHAT DO WE WANT TO DO WITH THAT? AND IT MAY NOT BE SPENDING, IT MAY BE PUTTING IT BACK, UM, INTO SOME FUNDS, UH, FOR LATER, A LATER DATE. 
          YEAH. 
          OKAY. 
          GREAT. 
          SO IF I, I, I COULD, LOOKING AT THIS, AND I AGREE WITH MS. HUNTER ABOUT DECIDING ABOUT, UH, WHETHER OR NOT WE NEED TO TRANSFER MONEY IN AND WHAT DO WE DO ABOUT OPERATING REVENUE AVAILABLE. 
          SO THIS SHOWS ABOUT 26 5 THAT'S PROJECTED. 
          I USE UNDERLINE, THE WORD PROJECTED TO HAVE AT THE END OF FY 26. 
          UM, AND THEN I'M LOOKING BACK AT THE FUND BALANCE SLIDE. 
          SO, UM, THE FUND BALANCE SLIDE SHOWS A PREDICTION OF A CHANGE IN FUND BALANCE OF, TO THE NEGATIVE OF 30 MILLION. 
          UM, AND, AND SO TELL ME HOW THOSE TWO WORK TOGETHER, AND TO FORGIVE MY NON ACCOUNTING BACKGROUND TO UNDERSTAND THIS, BUT IT LOOKS AS THOUGH WE, WE WOULD HAVE 26 5 TO PUT BACK INTO FUND BALANCE. 
          WELL, THERE'S TWO THINGS. 
          THIS IS JUST A SNAPSHOT TO TRY TO TELL YOU WHAT IN THE GENERAL YEAR WOULD WE HAVE SURPLUS ON OPERATING EXPENSE VERSUS OPERATING REVENUE. 
          THAT'S REALLY WHAT THIS WAS INTENDED TO KIND OF GIVE AN IDEA FROM. 
          AND SO IF, IF WE BACK OUT JUST CAPITAL AS A WHOLE AND BACK OUT THE DEBT SERVICE, THIS IS REALLY SAYING IN A NORMAL YEAR, THIS YEAR, YOU KNOW, I PULLED OUT THE CAPITAL. 
          SO WE'RE USING THAT MONEY NOW TO FUND MORE THAN THE CAPITAL REVENUE COMING IN. 
          BUT THIS IS JUST TO GIVE AN IDEA OF WHAT WE POTENTIALLY WOULD HAVE IN ANY GIVEN YEAR FOR CAPITAL PROJECTS WITHOUT USING ANY NEW FUNDING OR USING FUND BALANCE. 
          THAT'S WHAT THIS WAS INTENDED TO SHOW. 
          UM, AND SO, BUT THE PRIOR SCHEDULE IS REALLY WALKING THROUGH WHAT IS HAPPENING THIS YEAR FROM A USE OF BOND MONEY THAT'S COME IN, THE RESOURCES WE HAVE COMING IN AND THE TOTAL EXPENSE FROM THAT. 
          BUT THIS IS REALLY INTENDED TO KIND OF SET THE STAGE AS WE START INTO 27 AND EVERY YEAR THEREAFTER, WHAT, WHAT WE WOULD HAVE GENERATING FROM OUR OPERATIONS. 
          AND THAT'S WHY WE KIND OF CALLED IT OPERATING INCOME FROM THAT PERSPECTIVE. 
          SO THAT'S WHAT I WOULD SAY. 
          UM, I DON'T REALLY SEE THE TWO CORRELATING RIGHT NOW. 
          THIS IS JUST KIND GIVING YOU AN IDEA OF ON ANY GIVEN YEAR, UM, WE'RE GONNA HAVE, OUR REVENUES AREN'T REALLY GONNA CHANGE, CHANGE PROBABLY DRAMATICALLY GOING FORWARD. 
          JUST OUR BASE OPERATING REVENUE AND OUR EXPENSE MIGHT A LITTLE BIT, BUT IT'S JUST A GIVE AN IDEA OF WHAT WE HAVE, UM, AS WE GET FORWARD INTO THE, UH, BUDGET DISCUSSION ON CAPITAL SPEND. 
          THAT'S WHAT THAT, THAT'S WHAT THIS WAS INTENDED TO, TO DO. 
          YEAH. 
          SO THE FUND BALANCE IS ALL FUNDS. 
          RIGHT. 
          AND THIS IS JUST OPERATING INCOME, IS THAT MOSTLY FROM THE GENERAL FUND? IS THAT WHAT WE'RE LOOKING AT? IT'S, WELL, IT'S, IT'S, IT'S ALL FUNDS OF EXPENSE EXCLUDING CAPITAL AND DEBT SERVICE. 
          OKAY. 
          YEAH. 
          THAT'S HOW I WOULD SAY IT. 
          YEAH. 
          THANK YOU. 
          MM-HMM . 
          OKAY. 
          AND NOW WE HAVE OUR QUARTERLY REVENUE CHARTS, WHICH WE'VE LOOKED AT IN THE PAST. 
          WE'VE ADDED IN FOOTNOTES FROM LAST MONTH RELATED TO THE TIMING OF PAYMENTS THAT ARE COMING IN. 
          AND THEN WE DID PUT A DEFINITION AT THE BOTTOM JUST TO HIGHLIGHT, UM, UM, WHAT IS, WHAT IS THIS REVENUE? WHAT, WHAT, WHAT, WHAT MAKES THIS UP? SO THOSE ARE THINGS THAT WE'VE ADDED IN FOR THIS CHART. 
          I WILL TELL YOU THAT, UM, AS I MENTIONED EARLIER, WE ARE GOING THROUGH TO UPDATE THIS FOR THE YEAR. 
          WE NEED TO DO IT FOR THE BUDGET ANYWAYS. 
          BUT, UH, SO IN THE FUTURE YOU WILL SEE QUARTER THREE AND QUARTER FOUR FILLED IN WITH PROJECTED REVENUE NUMBERS. 
          UM, AND THEN OF COURSE, NEXT MONTH, SECOND QUARTER WILL BE AN ACTUAL NUMBER. 
          AND, UM, 
          [00:30:01]
SO WE WON'T HAVE ZEROS OUT THERE, UM, YOU KNOW, FROM A, FROM A BUDGET COMPARISON PERSPECTIVE. 
          BUT, UM, YOU KNOW, ON A PROPERTY TAX, YOU KNOW, THE, THE MAIN ITEMS, THE MAIN PAYMENTS STILL COME IN IN THE THIRD QUARTER. 
          SO WE'LL SEE HOW THAT TRACKS COMING FORWARD. 
          WE PROJECTED THAT AND WHAT WE THINK IT MIGHT BE. 
          UM, BUT FROM MY PERSPECTIVE OF LOOKING AT OUR BUDGET, SOME OF THE REDUCTION OF THE BUDGET PRIOR YEARS IS OUR REDUCTION OF, OF, UH, MILLAGE, I THINK IT WAS ABOUT A 10% REDUCTION IN MILLAGE. 
          SO IT WOULD NATURALLY BE A LITTLE BIT LOWER OFFSET BY APPRECIATION OF ASSESSED VALUES. 
          AND SO, UM, BUT THAT, THAT WOULD EXPLAIN THE REDUCTION FROM 25 TO 26 FROM A FULL YEAR PERSPECTIVE ON BUSINESS LICENSE. 
          UH, SAME TYPE OF A PROCESS HERE. 
          WE'VE GOT THE ITEMS CALLED OUT ON THINGS THAT WERE ONE TIME ITEMS. UM, IN THE FUTURE YOU'LL SEE SEPARATE BAR CHARTS FOR ANYTHING, UM, RELATED TO THOSE ONE TIME. 
          SO YOU CAN SEE WHAT ACTUALLY HAPPENED AND WHAT, WHAT THAT NUMBER REPRESENTS WITHOUT THAT. 
          SO YOU'LL KIND OF SEE A SIDE BY SIDE THEN TO TRY TO GIVE A BETTER IDEA FROM A TRENDING PERSPECTIVE. 
          UM, KNOWING THAT 25 HAD SOME ONE-TIME ANOMALIES IN IT FOR AIRBNB AND TIMING OF THE BUSINESS LICENSES, UM, THAT CAME IN. 
          SO OUTSIDE OF THAT, IT WOULD KIND OF GIVE YOU MORE NORMAL VIEW FOR WHAT 26 WOULD BE COMPARED TO 25. 
          THE REDUCTION WOULDN'T LOOK THAT SEVERE BASICALLY. 
          UM, AND THEN GO IN INTO PERMITS. 
          THERE WAS A QUESTION, I'M SORRY. 
          ONE QUICK QUESTION. 
          YES, MA'AM. 
          SO, UH, BASED ON, UH, STATE LAW CHANGES, WE HAD TO CHANGE OUR BUSINESS LICENSE AMOUNT. 
          AND SO WHICH, WHICH QUARTER WILL WE SEE CHANGE, IF ANY, TO, WE TRIED TO BE REVENUE NEUTRAL AS I RECALL. 
          UM, BUT THERE MAY BE, EVEN WHEN YOU TRY TO BE REVENUE NEUTRAL, THE RESULTS CAN BE DIFFERENT. 
          UM, SO WHICH QUARTER WOULD WE SEE ANY CHANGE IN BUSINESS LICENSE AS A RESULT OF THE CHANGE WE HAD TO MAKE IN OUR QUARTERS? I THINK THAT'S THIRD QUARTER, APRIL, IS THAT RIGHT? THIRD QUARTER. 
          THIRD QUARTER. 
          OKAY. 
          THANK YOU. 
          THAT'S THE SUBJECT MATTER EXPERT . 
          OKAY. 
          UM, PERMITS, THERE WAS A QUESTION LAST MONTH. 
          WHAT'S DRIVING THE BIG FIRST QUARTER OF 26 VERSUS PRIOR YEARS? UM, AND IT'S PRIMARILY VOLUME. 
          THERE WERE NO NEW FEES THAT WERE IMPLEMENTED THIS YEAR. 
          UM, IT'S REALLY, UH, UM, JUST VOLUME OF RESIDENTIAL AND CONSTRUCTION PERMIT ACTIVITY. 
          IT HAS SLOWED DOWN IN THE SECOND QUARTER. 
          UM, AND, BUT IT WAS A, IT WAS A BIT HIGH IN THE FIRST QUARTER, BUT NOTHING WAS DRIVING THAT OTHER THAN VOLUME. 
          YEAH. 
          STATE SHARED SERVICE, NOTHING REALLY. 
          THAT'S JUST A NORMAL FLOWING AMOUNT. 
          NOTHING TO REALLY DISCUSS ON THAT ONE. 
          EMS IS, UH, STILL TRACKING. 
          I MEAN, WE'RE ALREADY TWO MONTHS INTO THE SECOND QUARTER, UM, AHEAD OF LAST YEAR. 
          I DON'T LIKE TO SAY THAT'S A GOOD THING BECAUSE WE DON'T WANT THIS TO HAPPEN, BUT, UM, IT IS HAPPENING FROM A REVENUE PERSPECTIVE FROM THAT, FROM THAT SIDE. 
          UM, AND THEN GOING INTO FRANCHISE FEE REVENUE, UM, WE DID HAVE THE ONE TIME ITEM IN THE 2025, WHICH IS MAKING THAT NUMBER LOOK LARGER, BUT THE 8 61 IS ABOUT ON CORE PAR FOR THIS FOR THIS YEAR, I WOULD SAY. 
          UM, AND LOCAL ATEX REVENUE. 
          SO WE DID IN THE FUTURE, WE'LL HAVE AN AT TAX REVENUE SUMMARY SLIDE AND PROBABLY JUST FOCUS ON MORE FLOW OF THE BUSINESS SLIDES IN THE FUTURE INSTEAD OF WALKING THROUGH EVERY ONE OF THESE. 
          BUT, UM, YOU KNOW, FROM AN AT TAX REVENUE PERSPECTIVE, UH, STILL LOOKING, UH, UM, STRONG IF YOU LOOK AT THE SECOND QUARTER, UM, ALREADY, UH, A HIGH NUMBER COMPARED TO PRIOR YEAR FROM THAT PERSPECTIVE. 
          UM, AND THEN NET OF TRANSFERS, NOW WE'VE ADDED A TOTAL GENERAL FUND ROLLUP. 
          SO AS WE'VE TALKED ABOUT OUR BUDGET FOR THE GENERAL FUNDS, 46.5 MILLION, UM, AND EVEN THOUGH LAST YEAR WAS 56.3 MILLION, IF YOU LOOK AT THE AIRBNB OF $3 MILLION AND ABOUT ONE, ONE AND A HALF, WELL ABOUT TWO AND A HALF MILLION OF OTHER ONE-TIME ITEMS, UM, UH, IT'S, IT'S MORE IN LINE WITH WHAT THE BUDGETED WAS FOR THIS YEAR, AND WE'LL HAVE A LITTLE BIT OF UPSIDE WITH THAT, BUT 25 WAS DEFINITELY A HIGHER YEAR FROM THOSE ITEMS. SORRY, MR. CHAIR, I HAD A QUESTION GOING BACK TO THE LOCAL AT TAX REVENUE, UM, I NOTICED THAT IN THE, IN, IN ALL THESE SLIDES ARE VERY HELPFUL. 
          THANK YOU FOR THAT. 
          UM, BUT BECAUSE THERE HAVE BEEN SOME COMMENTS IN THE COMMUNITY ABOUT ACCOMMODATIONS TAX, UH, AND MAYBE HOSPITALITY TAX BEING LOWER THIS YEAR, UM, AS A RESULT OF, UH, THINGS SOMETIMES OUTSIDE OF OUR CONTROL IN THE ECONOMY. 
          UM, 
          [00:35:01]
BUT IT WOULD BE HELPFUL TO SEE A PICTURE OF THE, AT TAX AND HOSPITALITY TAX REVENUE TO COM, UH, PAIR IT ESPECIALLY YEAR OVER YEAR TO SEE IF THERE IS A TREND THERE. 
          UM, BECAUSE WHILE THERE MAY BE SOME DIP, IS THERE A REAL DIP? SHOULD WE BE CONCERNED ABOUT SOMETHING? SO SOME WAY OF LOOKING AT ALL THOSE FUNDS TOGETHER ON ONE SLIDE WOULD BE HELPFUL. 
          YES. 
          I ALSO THINK IT'S AN OPPORTUNITY WHEN THE DMO COMES IN AND PRESENTS THE RESULTS TO TIE OUR TAX DOLLARS THAT WE COLLECT, UM, AND COMPARE IT TO THE OCCUPANCY. 
          BECAUSE WHAT WE HAVE SEEN OVER THE LAST COUPLE OF YEARS IS OUR OCCUPANCY HAS GONE DOWN, BUT WE HAVE NOT SEEN THAT DECLINE IN OUR OVERALL TAXES. 
          AND SO YOU HAVE TO THINK ABOUT, OKAY, WHAT IS OUR STRATEGY? AND OUR STRATEGY HAS BEEN FROM A, UH, TOURISM POINT OF VIEW TO, UH, TARGET FEWER, BUT MORE, UM, HIGHER HOUSEHOLD INCOME, UH, VISITORS SO THAT WE MAY HAVE LESS VISITORS, BUT THEY SPEND MORE PER VISIT. 
          UM, AND I THINK WE NEED TO TIE THOSE TWO PIECES TOGETHER SO THAT WE CAN PROVIDE A MORE HOLISTIC VIEW ABOUT WHAT'S HAPPENING IN REGARDS TO TOURISM. 
          OKAY. 
          AND I THINK THE SALES DATA AS WELL WILL ALSO HELP TO TELL THAT STORY. 
          OKAY. 
          YEAH. 
          AND, AND PIGGYBACKING ON THAT, I, I THINK THAT, UM, THE REPORT WAS OCCUPANCY WAS LOWER, BUT REVENUE WAS HIGHER. 
          UM, UM, AND SO IT WOULD BE HELPFUL TO SEE THAT TREND AS WELL TO TIE THOSE TWO TOGETHER. 
          I AGREE. 
          OKAY. 
          DEBT SERVICE FUND WE'VE TALKED ABOUT BEFORE, THAT PRIMARILY IS DRIVEN BY, UH, OUR PROPERTY TAXES AS THE OTHER SLIDE. 
          AND THEN WE, UM, HAVE OUR TIF FUND, WHICH WE TALKED ABOUT A LITTLE BIT EARLIER AGO, AND THE AMOUNT IT'S HAD ON OUR REVENUES IN THE PRIOR YEARS, 6.4 MILLION AND 7.8 MILLION, UM, TO KIND OF SHOW. 
          AND OF COURSE WE'LL HAVE THAT GO ZERO GOING FORWARD UNLESS WE HAVE NEW REVENUE TRANSFER TIP IN THE FUTURE. 
          UM, STATE A TAX REVENUE, UH, IS TRACKING, UH, UM, AS, AS, UH, BUDGETED AND DON'T SEE ANY REALLY MAJOR CHANGES FROM THAT. 
          UM, AND THEN THIS ONE IS REAL, IS IS STRONG. 
          IT'S OUR REAL ESTATE TRANSFER FEE. 
          I THINK WE DID LOOK, I THINK IT'S THE EXPIRATION. 
          I THINK IT'S 2044 ON THIS. 
          WE GOT SOME TIME. 
          WE HAVE SOME TIME. 
          SO, UM, BUT IT, UM, PER VERY STRONG FIRST QUARTER, UM, THE VOLUME, WE DID LOOK AT THE VOLUME VOLUME'S ABOUT THE SAME. 
          SO IT'S HIGHER VALUES THAT ARE REALLY DRIVING THIS RIGHT NOW. 
          AND, UM, AND SO, UM, WE'RE GONNA ALWAYS MAINTAIN A CONSERVATIVE VIEW ON THIS WHEN WE PROJECT AND BUDGET. 
          IT'S HARD TO PREDICT WHAT THE SALES WILL BE, BUT THIS YEAR IT LOOKS TO BE A REALLY STRONG YEAR FOR THE ATEX, UH, TRANSFER FEE, EXCUSE ME, REAL ESTATE TRANSFER FEE. 
          AND THEN WE TALKED A LITTLE BIT ABOUT HOSPITALITY TAX. 
          WE'LL FIGURE OUT A WAY, A WAY TO SHOW THIS, WHICH WILL BE A LITTLE BIT MORE OF MEANINGFUL. 
          SO WE'LL, WE'LL WORK THROUGH THAT AND SEE WHAT YOU THINK FROM THAT PERSPECTIVE. 
          BUT STILL TRACKING, UM, YOU KNOW, TWO MONTHS, A QUARTER TWO, WE ALMOST ARE AT WHAT WE HAD FOR QUARTER THREE FOR QUARTER TWO OF LAST YEAR. 
          SO STILL TRACKING STRONG AND THEN BEACH PRESERVATION STILL THE SAME THING. 
          IT'S, UH, IT FLOWS ON THE, UH, ACCOMMODATION TAX AND IT'S FLOWING IN THE SAME LOGIC WITH THAT AS WELL. 
          AND WE'LL GO THROUGH LIKE NEXT, UH, THE, UH, WHAT WAS THAT? OH, SORRY. 
          ELECTRIC FRANCHISEE. 
          I CAN'T SAY THOSE WORDS, BUT WE'LL, WE'LL JUST KEEP GOING FROM THAT ONE. 
          SHORT TERM RENTAL FEE. 
          UM, A CHANGE OF TIMING THIS YEAR. 
          SO MOST OF THE REVENUE IN THE PAST THAT HAPPENED IN THE SECOND QUARTER, BUT NOW IT'S MAY 1ST, SO THAT WILL NOW FLOW INTO THE THIRD QUARTER OF 2023. 
          SO WHEN YOU SEE A PROJECTED AMOUNT FOR THIS, THAT'S WHERE WE'LL PUT THAT FROM A FULL YEAR PERSPECTIVE. 
          UM, NOT TO BE ALARMED THAT WE'RE ONLY AT 60,000, YOU KNOW, YEAR TO DATE IN THE SECOND QUARTER, THAT'S, THAT WOULD BE EXPECTED. 
          OKAY. 
          AND THEN WE HAVE ALL OF THE SPECIAL REVENUES TOTALED INTO A NEW NUMBER, AND THAT'S THE 52.5 MILLION, THAT IS THE NUMBER THAT WE HAD PROJECTED ON PRIOR SLIDES OR SPECIAL REVENUES. 
          AND THEN WE HAVE CALLED OUT IN THE FOOTNOTES, THE ONE TIME ITEM FOR TIFF. 
          UM, AND ALSO THE AIRBNB SETTLEMENT. 
          IF YOU TAKE THOSE OUT, WE DO HAVE SOME UPSIDE IN SPECIAL REVENUE, WHICH YOU'LL SEE IN A FUTURE PROJECTION. 
          OKAY. 
          SO FROM A STORM WATER THAT'S BASED ON FEES, NOTHING REALLY DRAMATICALLY CHANGING THERE. 
          AND THEN OUR INVESTMENT INCOME, WE'VE GOT TRACKING FOR AROUND 10 MILLION THIS YEAR OF RETURNS ON INVESTMENT INCOME BASED UPON WHERE WE STAND TO DATE, UM, THAT WE DO BELIEVE THAT THAT, UH, SHOULD BE, THE ONLY THING THAT MIGHT MAKE THAT REDUCE A LITTLE BIT IS, IS WE HAVE THE SPENDING FOR OUR CIP PROJECTS, 
          [00:40:01]
LESS CASH COMING THROUGH. 
          SO WE MIGHT HAVE A LITTLE BIT OF DROP FROM THE 10, BUT NOT A LOT. 
          AND THEN WE ROLL IT ALL UP TO THE TOWN. 
          SO WE HAVE 1 21 0.9 MILLION AND ABOUT 122 MILLION, UM, THAT'S BUDGETED AND PROJECTED FOR THE SPECIAL REVENUE. 
          I THINK WE'RE GONNA END UP AROUND 1 25 OR 1 26 WHEN WE KIND OF LOOK AT A FULL YEAR PERSPECTIVE. 
          UM, WHICH I WOULD SAY FROM THE QUESTION EARLIER, WE DO AN O PAY REVENUE WISE, I, I'D SAY WE ARE. 
          YEAH. 
          OKAY. 
          AND THEN NEW SLIDES THIS MONTH FROM A TREASURY PERSPECTIVE, JUST SO YOU HAVE AN IDEA OF HOW WE'RE, UM, MANAGING THE PROCEEDS. 
          WE DO HAVE THE CASH WE HAVE. 
          SO AS OF NOVEMBER, WE HAD AROUND 240 MILLION, 2 39, 8 52 BASICALLY OF FUNDS TO BE, UH, UH, FROM A TALENT MANAGEMENT PERSPECTIVE, WE DO KEEP A LITTLE BIT OF LIQUIDITY AND CASH, AND IT'S REALLY TO DO THE WORKING CAPITAL. 
          SO MOST OF THE WORKING CAPITAL WE USE IS MANAGED THROUGH THE , WHICH IS THE STATE, UH, LOCAL GOVERNMENT INVESTMENT POOL. 
          AND SO EVERY, EVERY, EVERY DAY WE KIND OF KEEP AN EYE ON WHAT BILLS ARE GOING OUT AND WHAT CASH IS COMING IN TO SEE IF WE NEED TO UTILIZE THAT 1 0 1 8 20. 
          SO THAT WILL FLUCTUATE DEPENDING ON WHAT'S HAPPENING. 
          WE GET BIG PROPERTY TAX PAYMENTS COMING THROUGH, WELL, THAT ELIGIBLE WILL GO UP. 
          WE HAVE EXPENSES COMING THROUGH THAT LG WILL GO DOWN. 
          AND THEN WE HAVE OUR FIXED INCOME AS WELL, WHICH IS ABOUT 57%. 
          THOSE ARE DOLLARS. 
          WE REALLY TEND NOT TO TOUCH FROM A LIQUID PERSPECTIVE AND INVEST, AND THEN WE HAVE ON THE RIGHT AND HOW WE HAVE THAT ALLOCATED OUT BY THE DIFFERENT FUNDS FROM AN LG PERSPECTIVE. 
          OKAY. 
          SO, UM, FROM A HISTORICAL VIEW, IF YOU LOOK AT THIS, UM, THE, I GUESS THAT'S PURPLE. 
          THE PURPLE IS TWO YEARS AGO. 
          UM, THE YELLOW IS LAST YEAR, AND THE GREEN IS THIS YEAR. 
          AND IT'S JUST TO KIND OF GIVE A VISIBILITY OVERVIEW OF HOW ARE WE TRACKING FROM A FUNDS PERSPECTIVE FOR THE TOWN, AND THE GREEN IS HIGHER THAN THE YELLOW AND PURPLE, WHICH WE'RE KEEPING THAT AT A SURPLUS FROM A TOWN MANAGEMENT OF CASH PERSPECTIVE. 
          SO THAT'S WHAT THIS SHOWS FROM THE PRIOR TWO YEARS. 
          AND THEN THE LAST SLIDE IS REALLY HOW ARE WE INVESTING OUR FIXED INCOME? YOU KNOW, IT'S REALLY IN TREASURIES AND AGENCIES AND WE'VE ADDED DEFINITIONS THERE FOR EVERYONE TO KIND OF UNDERSTAND WHAT THE TREASURY, THEY'RE BASICALLY VERY SAFE INVESTMENTS. 
          THAT'S THE BOTTOM LINE AND HOW WE HAVE THAT INVESTED. 
          OKAY. 
          SO THANK YOU FOR ADDING THIS. 
          UM, ONE OF THE THINGS THAT CROSSED MY MIND AS I WAS LOOKING AT THIS AS WHAT IS OUR, UH, INVESTMENT POLICY, AND I WAS ACTUALLY ABLE TO FIND THE ANSWER IN THE ANNUAL, UH, COMPREHENSIVE REPORT, RIGHT. 
          UH, WHICH I READ THROUGH LAST NIGHT, , I'LL, I DON'T EVEN KNOW HOW MANY PAGES, OVER A HUNDRED PAGES. 
          UH, BUT IF YOU'RE, IF ANYONE IS INTERESTED IN UNDERSTANDING WHAT THE INVESTMENT POLICY IS, IT'S CLEARLY LAID OUT THERE AND WHICH I APPRECIATE AND WE FOLLOW. 
          UM, AND THEN, UM, IN REGARDS TO THE SOUTH CAROLINA LOCAL GOVERNMENT INVESTMENT POOL, UM, I, I DO, I DID FIND, I'M A, YOU KNOW, I'M A FINANCE NERD, SO I WENT OUT AND LOOKED, UH, AND THEY HAVE A QUARTERLY NEWSLETTER, UH, THAT LAYS OUT, UM, YOU KNOW, HOW THEY INVEST THEIR MONEY, WHAT THEIR CURRENT RATE OF RETURN IS, YOU KNOW, AND THE TREASURER OF THE STATE IS THE ONE THAT MANAGES, UH, THAT POOL. 
          AND SO I'VE GOT COPIES FOR YOU GUYS IF YOU'RE INTERESTED IN, IN SEEING WHAT THAT LOOKS LIKE. 
          I, I THOUGHT THAT WAS INTERESTING. 
          UM, I DID HAVE A QUESTION. 
          SO, UH, WE KNOW THAT, UH, 42.5% IS WITH THIS POOLED STATE FUND. 
          UM, AND THE REMAINING 56.9% IS IN A FIXED INCOME. 
          WHO, WHO DO WE USE, UH, FOR THE FIXED INCOME? THREE PLUS ONE. 
          THREE PLUS ONE. 
          RIGHT. 
          AND THOSE, THEY'RE OUR FINANCIAL ADVISORS. 
          OKAY. 
          USE FOR THE TOWN. 
          YEAH. 
          RIGHT. 
          AND, UM, HOW MUCH WE PUT IN WHEN WE KIND OF GO THROUGH OUR BUDGETING PROCESS AND WHAT WE NEED, UM, IF WE'RE GONNA BE ABLE TO GET HIGHER RETURNS FROM A FIXED INCOME, WE MIGHT PROPOSE PUTTING MORE IN. 
          AND BASICALLY, IF WE'RE MAYBE NOT, WE GET AS HIGHER RETURN ON L CHIP AND WE'LL GO THROUGH THAT AS WE KIND OF GO THROUGH OUR ANALYSIS OF CASH JUST TO MAKE SURE WE'RE GETTING THE BEST RETURN WE CAN FOR THE TOWN. 
          RIGHT NOW, THEY'RE ABOUT THE, ABOUT THE SAME, I WOULD SAY. 
          YEAH. 
          AND, UM, BUT IF INTEREST RATES CONTINUE TO GO DOWN, WE MIGHT PUT MORE INTO FIXED INCOME TO KIND OF MAKE SURE WE CAN SECURE LONGER TERM RETURNS. 
          YEAH. 
          YOU GOOD WITH THAT? YES. 
          OKAY. 
          , YEAH. 
          FOLLOWING UP ON THE INVESTMENT POLICY, 
          [00:45:01]
I, AND I APPRECIATE YOU FINDING IT IN THE CER , SAVE ME READING ALL THAT. 
          UM, BUT I THINK IT'D BE HELPFUL FOR US TO LOOK AT OUR, I, I DON'T EVEN KNOW WHAT OUR INVESTMENT POLICY IS. 
          THANK YOU FOR TELLING ME WHERE IT EXISTS. 
          UM, BUT I THINK IT'D BE GOOD, I DON'T KNOW HOW LONG IT'S BEEN SINCE WE REVIEWED OUR INVESTMENT POLICY. 
          I'M NOT SUGGESTING WE NEED TO MAKE ANY CHANGES. 
          I JUST THINK IT WOULD BE GOOD FOR US TO HAVE AN EVER SO OFTEN REVIEW OF OUR INVESTMENT POLICY TO SEE IF ANYTHING NEEDS TO CHANGE. 
          WOULD YOU LIKE TO DO IT IN ONE OF THESE? YEAH, YEAH, THAT'D BE MY SUGGESTION. 
          YEAH. 
          OKAY. 
          WE'LL DO THAT. 
          GREAT. 
          OKAY. 
          OKAY. 
          WE ARE JOINED BY COUNCILMAN ALFRED AND COUNCILMAN REBECCA, ANY QUESTIONS OR COMMENTS ON THIS FINANCIAL REPORT? YOU DO, YES, PLEASE COME UP. 
          THANK YOU. 
          WELL, FIRST OF ALL, THANK YOU FOR A GREAT REPORT AND I LOVE THE CONTINUED DEVELOPMENT OF THE DETAILS, UM, AND THE ANALYSIS THAT ARE PROVIDED. 
          SO WORLD OF DIFFERENCE FROM WHEN I STARTED, UM, NEARLY EIGHT YEARS AGO ON TOWN COUNCIL. 
          SO THANK YOU FOR ALL THAT'S BEEN INVOLVED WITH THAT. 
          AND TO FOLLOW UP ON COUNCILMAN, UM, DONNER'S COMMENTS, IT WAS WHAT I HAD WRITTEN DOWN AS WELL WITH REGARD TO THE, UM, FUND BALANCE WALK PERTAINING TO THE 19 MILLION AND THE 35 MILLION THE ORDINANCE READS UP TO. 
          AND SO WHAT CONCERNS ME IS WHEN THE NUMBER SPECIFIC IS ADDED IN THERE. 
          AND SO I WOULD ASK THAT WE INCLUDE A FOOTNOTE THAT INDICATES THAT THAT IS NOT A FIRM NUMBER, THAT IS AN UP TO NUMBER. 
          SO THAT'S, THANK YOU. 
          THANK YOU. 
          DO YOU GO TO MS. AL ALFRED? OKAY. 
          ALRIGHT. 
          THANK YOU, MR. BIRD. 
          APPRECIATE THE INFORMATION. 
          WE WILL CONTINUE TO EVOLVE HERE AND GET BETTER AND BETTER AT THIS. 
          OKAY? YES, SIR. 
          NEXT WE HAVE, UH, CONSIDERATION OF RESOLUTION, THE TOWN OF HILL HEAD ISLAND COUNCIL PROVEN, UH, SPONSORSHIP AGREEMENT WITH THE HERITAGE CLASSIC FOUNDATION TO SUPPORT 2026 RBC HERITAGE GOLF TOURNAMENT. 
          WE HAVE MR. BEN BROWN BEFORE US BEFORE YOU GET STARTED. 
          MR. BROWN, UH, THIS IS READING THAT IT IS A CONSIDERATION OF A RESOLUTION. 
          ARE YOU LOOKING FOR ACTION FROM US TODAY ON THIS, UH, SIM SIMPLY A RECOMMENDATION FOR TOWN COUNCIL'S CONSIDERATION OF FEBRUARY 10TH. 
          OKAY. 
          WE'RE, WE'RE LOOKING FOR A RECOMMENDATION. 
          ALRIGHT, SO WE'LL HAVE A MOTION AT THE END OF YOUR PRESENTATION, PLEASE. 
          OKAY. 
          YES SIR, PLEASE. 
          THANK YOU, SIR, YOU CAN PROCEED. 
          THIS IS A VERY SIMILAR AGREEMENT TO WHAT WAS APPROVED BY TOWN COUNCIL LAST YEAR, WITH THE EXCEPTION OF THE DATES. 
          IT'S THE SAME VALUE AMOUNT, 400,000. 
          IT'S THE SAME TERMS OF THE AGREEMENT. 
          AND WE ALSO HAVE WITH US, UH, MR. STEVE WILMONT TO ANSWER ANY SPECIFIC QUESTIONS YOU MAY HAVE, UH, BEING THE TOURNAMENT DIRECTOR AS WELL AS LEADING THE TOURNAMENT FOR THE PAST 40 YEARS. 
          BUT I, I CAN ANSWER ANY QUESTIONS FROM THE COMMITTEE OR I CAN ASK STEVE TO ANSWER QUESTIONS FROM THE COMMITTEE. 
          OKAY. 
          ANY QUESTIONS, MS. BRYSON? YEAH, THE ONLY QUESTION, PARDON, THE ONLY QUESTION I HAD WAS, IS IT THE SAME AS LAST YEAR AND YOU SAID YES, EXCEPT FOR THE DATES, SINCE I'M GOOD TO GO. 
          YES. 
          UM, IN, FROM AN INFORMATIONAL POINT OF VIEW, I WAS WONDERING IF THERE WAS ANY DIFFERENT, UH, THAT THEY NOTICED IN THE NUMBER OF ATTENDEES OR THE AMOUNT OF THE ECONOMIC IMPACT BASED OFF IT BEING A SIGNATURE EVENT NOW. 
          YEAH, GREAT QUESTION. 
          AND IF THE CHAIRMAN DOESN'T OBJECT, WILLMONT, JOIN US. 
          MORNING LADIES. 
          GENTLEMEN, THANK YOU. 
          AND THAT 40 YEARS HAS ACTUALLY BEEN A LITTLE OVER 30 POUNDS, BUT THAT'S ANOTHER STORY. 
          SO, UM, THANK YOU FOR THE OPPORTUNITY TO, UM, TO ANSWER SOME QUESTIONS TODAY AND, UH, UM, UH, FROM YOUR, YOUR QUESTION, YOU KNOW, RIGHT NOW TOO, WE HAVE SEEN FROM THE ECONOMIC IMPACT, WHICH I DO HAVE SOME INFORMATION, WHICH I KNOW YOU HAVE TOO, IS MAYBE SOME OF THE HIGHLIGHTS. 
          EVERY FIVE YEARS WE'VE WORKED WITH CLEMSON UNIVERSITY ALONG WITH USCP, AND, UH, WE DID SEE LAST YEAR THAT, UH, THE SIGNATURE EVENT, UM, AGAIN, WHAT'S I THINK'S VERY IMPORTANT TOO IS KNOWING THAT BECAUSE OF THE SIGNATURE EVENT, SOME OF THE THINGS WE'RE DOING, WE'RE NOT TRYING TO SELL MORE TICKETS AND ADD BECAUSE OF SOME OF OUR CHALLENGES WE HAVE, BUT WE TRY, WE'RE TRYING TO ENHANCE THE EXPERIENCE, UM, GIVE 'EM THE HILTON HEAD ISLAND EXPERIENCE ALL TOO. 
          SO, UM, WE HAVE, I HAVE SOME INFORMATION HERE. 
          THE ONE THING, THE THE, UH, I THOUGHT MAYBE JUST TOUCH ON SOME HIGHLIGHTS AND THEN, UH, THIS PAST YEAR, JUST REAL QUICK FOR YOUR, YOUR INFORMATION, AND I CAN CERTAINLY ANSWER ANY QUESTIONS, BUT THIS, THIS PAST AUGUST, I THINK WAS IT TRULY EXCITING, WHICH MAYBE GOT LOST IN THE SUMMER A LITTLE BIT, IS THE FACT THAT WE DID SIGN A MULTI-YEAR AGREEMENT WITH RBC. 
          THAT WAS EXTREMELY IMPORTANT. 
          'CAUSE REALLY SINCE THE COVID YEARS THERE 
          [00:50:01]
TOO, AND SOME HICCUPS OVER THE EARLY TWO, UH, 2000, 2001 OR SO, WE WERE GOING ONE YEAR, UM, ONE YEAR AGREEMENTS WITH THEM. 
          SO WE WERE HAPPY TO ANNOUNCE A MULTI-YEAR AGREEMENT THEM WITH COINCIDES WITH, UH, BOEING, WHICH WE'RE TRULY EXCITED ABOUT. 
          THEY, THEY LOVE BEING HERE. 
          THE, THE ONLY THE HICCUP THAT THEY WERE REALLY LOOKING AT IS THEY HAVE TWO PGA TOUR EVENTS AND, UM, THEY'RE HAVING SOME CHALLENGES UP IN CANADA, BUT THEY CERTAINLY LOVE BEING HERE. 
          UH, THIS PAST FALL, I THINK YOU ALL HEARD TOO, WHICH WAS EXTREMELY EXCITING. 
          UH, THE PGA TOUR SUPPORTS OVER 3000 CHARITIES. 
          AND THE HILTON HEAD DEEP WELL, UM, PROJECT WAS, UH, AWARDED $30,000 AS A GRANT, AS THE CHARITY OF THE YEAR ON THE PGA TOUR, WHICH WAS EX EXTREMELY EXCITING FOR THEM, FOR US. 
          AND THEN THE, UH, THE FOUNDATION ALSO SUPPORTED THAT EFFORT. 
          BUT, UH, WE WERE ABLE TO SURPRISE SANDY AND THERE'S, UH, UM, A VIDEO, WHICH I HOPE YOU ALL GET A CHANCE TO SEE TOO. 
          IT WAS, UH, ANNOUNCED AT THE PGA TOUR MEETINGS AND, UH, THEIR TEAMS, HER HER EFFORTS AND WHAT THEY DO THERE IS TRULY, UH, IN INCREDIBLE. 
          UM, AND THEN SOMETHING HAPPENED AT THE ANNUAL PGA TOUR MEETINGS TOO, WHICH IS I THINK IS A TESTAMENT TO WHAT WE WERE, WHY WE'RE HERE TODAY TOO. 
          IT'S A COMMUNITY EVENT, SOMETHING UNIQUE AND SPECIAL ON THE PGA TOUR. 
          BUT OUR EVENT, UM, UH, RBC HERITAGE PRESENTED BY BOEING WAS PRESENTED WITH, UH, THE MOST FAN FIRST, UH, EVENT ON THE PGA TOUR. 
          AND I, I THOUGHT I'D READ JUST, UH, THE QUOTE THAT CAME OUT. 
          THE, THE EVENT WAS VOTED UPON BY PLAYERS, THE NETWORK, PGA TOUR OFFICIALS, UM, UH, SPECTATORS, VOLUNTEERS, I CAN GO ON AND ON, BUT IT, IT TALKS ABOUT THE RBC HERITAGE SETS, THE STANDARD FOR A FAN FORWARD EVENT IN PROVIDING A WORLD CLASS EXPERIENCE FOR EVERY ATTENDEE, REGARDLESS OF TICKET TYPE, WITH A DIVERSE ARRAY OF TICKET OPTIONS IN HOSPITALITY VENUES, FANS ENJOY PREMIER AMENITIES, SEAMLESS LOGISTICS, ENGAGING ACTIVITIES, AND EXCEPTIONAL VIEWING OPPORTUNITIES THROUGHOUT THE TOURNAMENT. 
          WITH PLAID NATION MAKING UP THE EVENT'S LOYAL FAN BASE, THE, THE EVENT HAS BECOME A WEEK LONG CELEBRATION ROOTED IN SOUTHERN HOSPITALITY, BUT THAT, AGAIN, IT'S NOT ABOUT THE FOUNDATION, IT'S NOT ABOUT THE C FIVES, THE RESORTS ABOUT THE COMMUNITY AND ALL OF US WORKING TOGETHER TO, TO, TO SHOWCASE THIS INCREDIBLE EVENT. 
          ALSO, AT THE, THE EVENT THIS YEAR, THERE'S OVER A HUNDRED THOUSAND VOLUNTEERS THAT ARE REC THAT, UH, SUPPORT PGA TOUR EVENTS. 
          AND, UM, THERE'S FOUR, UH, ONE OF OUR BILL SHILLING WHO, UH, MANAGES OUR TRANSPORTATION COMMITTEE WAS RECOGNIZED AS A FINALIST OF A VOLUNTEER YEAR. 
          AND I THAT, AGAIN, WE KNOW THIS COMMUNITY IS VERY UNIQUE AND SPECIAL TOO. 
          AND IF WE DIDN'T HAVE OUR VOLUNTEERS IN SUPPORT, WE WOULDN'T BE ABLE TO DO WHAT WE DO. 
          AND THAT, AGAIN, IS GIVING BACK TO CHARITY AND, UH, UM, WE'LL BE ANNOUNCING HERE IN THE NEXT WEEK OR SO, UM, A RECORD CHARITABLE, UH, SUPPORT FROM THE EVENT, WHICH IS AGAIN, UH, A TESTAMENT AND APPRECIATED BY SO MANY. 
          UM, SO I HAVE THAT INFORMATION PLUS THE ECONOMIC IMPACT, WHICH IS, UH, OVER 134 $4 MILLION A YEAR. 
          UM, I HAVE ALL THAT INFORMATION THAT'S PACKAGED AS WELL, SO, OKAY. 
          YEAH, IN FACT, I JUST ADD A COUPLE THINGS. 
          THANK YOU SO MUCH. 
          THAT'S A GREAT SUMMARY TO HEAR. 
          UM, AND, AND I THINK THE COMMUNITY UNDERSTANDS AND APPRECIATES THAT THERE'S NO WAY IN THE WORLD WE COULD TRY TO REPLICATE WHAT THIS DOES FOR OUR COMMUNITY, IT BEING A SIGNATURE EVENT. 
          A LOT OF THE PROS LOVE COMING HERE WITH THEIR FAMILIES AFTER THE MASTERS, IT'S KIND OF A REST TIME FOR THEM. 
          AND BY BEING A SIGNATURE EVENT, IT BRINGS IN, UH, MORE OF THE PGA STARS THAN WE HAVE HAD IN THE PAST. 
          UM, AND, AND I'VE SHARED THIS BEFORE, BUT I, MY HUSBAND AND I WORKED AS MARSHALS, UM, AS VOLUNTEERS. 
          WONDERFUL EXPERIENCE, UH, FOR SIX YEARS WE DID ON WHOLE THREE . 
          UM, AND, AND THE WHOLE EXPERIENCE WAS SO GREAT, AND, AND WE WOULD HAVE UNIFORMS TO WEAR AND THEY SAID RBC, HERITAGE ON 'EM. 
          AND A LOT OF PLACES I WOULD GO IF I WERE WEARING ONE OF THOSE SHIRTS OR JACKETS, THEY WOULD ASK ME IF I WORKED FOR RBC  . 
          BUT IT IS MINDFUL WHEN, WHEN MY HUSBAND AND I DO WATCH THE TOURNAMENTS, UM, MEN AND WOMEN'S TOURNAMENTS, LPGA AND PGA, AND YOU WILL SEE THAT THOSE PLAYERS WITH THEIR RBC, UH, PATCH OR INSIGNIA ON WHATEVER THEY'RE WEARING. 
          SO IT, IT, IT'S A CREDIT TO OUR COMMUNITY AND TO OUR PARTNER RBC. 
          I'M SO DELIGHTED TO HEAR OF THE FIVE YEAR AGREEMENT THAT WE WORK TOGETHER. 
          AND WHEN FOLKS SEE THAT AROUND THE WORLD, EVEN THEN THEY, THEY CAN RELATE IT BACK TO OUR COMMUNITY BECAUSE THEY SEE RBC HERITAGE HERE. 
          UM, AND I CAN GO ON ABOUT WHAT ELSE RBC HERITAGE IS, IS DOING FOR OUR COMMUNITY, BUT IT'S JUST A WONDERFUL, WONDERFUL EVENT AND SUCH BENEFITS FOR OUR COMMUNITY. 
          AND I KNOW IT'S VERY IMPORTANT FOR OUR COMMUNITY, FOR THE TOWN AND OUR COMMUNITY TO CONTINUE TO BE THE 
          [00:55:01]
GOOD HOST FOR THOSE WHO COME TO THE TOURNAMENT AND THOSE WHO SEE IT NATIONWIDE IN, IN ADDITION INTERNATIONALLY. 
          SO THANK YOU VERY MUCH FOR ALL YOU DO. 
          OKAY. 
          THANK YOU. 
          UH, THANK YOU. 
          I I ALSO APPRECIATE, UH, THE FACT THAT THE PROPOSAL IS THE SAME AS LAST YEAR. 
          SO, UH, THANK YOU FOR THAT. 
          $400,000 ON THE CONTRACT IS THE SAME. 
          AND, UM, HOW I WOULD DESCRIBE THIS AS EVENT IS SIGNIFICANT. 
          IT'S SIGNIFICANT FOR THE PGA, IT'S CERTAINLY SIGNIFICANT BECAUSE IT SPOTLIGHTS OUR COMMUNITY. 
          IF YOU THINK ABOUT THAT $400,000 AS MARKETING MONEY, HOW MANY IMPRESSIONS ARE WE MAKING? UM, YOU KNOW, WITH ALL THE LEAD UP ADVERTISING, THE, UM, THE LIFE COVERAGE ONLINE, ET CETERA, UM, I MEAN, IT'S, IT'S JUST WORTH A LOT TO OUR COMMUNITY. 
          UM, THE ECONOMIC INPUT, UH, ECONOMIC, UH, IMPACT IS PHENOMENAL. 
          YOU SAID $134 MILLION, NOT ONLY FOR OUR TOWN, BUT FOR OUR COUNTY AND OUR STATE. 
          UM, OUR BUSINESSES APPRECIATE IT. 
          UM, THEY GET A LOT OF, UH, GREAT CUSTOMERS COMING TO STAY AND STAYING NOT ONLY FOR THE TOURNAMENT, BUT STAYING FOR, UM, TO ENJOY THE TOWN AND OUR CHARITIES BENEFIT. 
          UM, I HAD THE OPPORTUNITY TO WATCH, UM, THE VIDEO, UM, YOU KNOW, AND HEAR ABOUT THE UPDATE, UH, AT THE POWER HOUR AND, UM, YOU KNOW, SO IT'S REALLY HOLISTIC, UM, AND WE RECEIVE A LOT FROM IT. 
          AND, UH, THE COMMUNITY IS VERY THANKFUL FOR THAT. 
          SO I APPRECIATE THAT. 
          THANK YOU. 
          AND, AND, AND PLEASE KNOW, AGAIN, TOO, WE, WE CONTINUE AS A, AS A TEAM AND, UH, HERITAGE CLASSIC FOUNDATION, JUST BECAUSE WE DID THINGS AWAY FIVE YEARS AGO, LET ALONE LAST YEAR MIGHT'VE BEEN RIGHT, BUT DOESN'T MEAN IT IS NOW. 
          SO WE CONTINUE TO LOOK AT THINGS TO, TO GET BETTER. 
          BUT WHERE I, I, I'M GETTING CHILL BUMPS. 
          THANK YOU FOR YOUR COMMENTS THERE. 
          AND, UH, UM, I THINK ABOUT THAT IT'S NOT JUST MEYER OUR EVENT. 
          IT'S TRULY AS THE COMMUNITY EVENT. 
          AND WHEN I THINK ABOUT IT THAT PEOPLE HAVE TO GET HERE, WHETHER IT'S THROUGH OUR AIRPORTS OR DRIVING IN HERE, THEN THEY GET TO OUR HOTELS AND THEY GET TO OUR RESTAURANTS AND THEY GO SHOPPING, AND THEY CHECK IN AT THEIR VILLAS AND THEIR HOTELS, ALL THOSE THINGS NEED TO HAPPEN EVEN BEFORE THEY GET TO THE TOURNAMENT. 
          SO, UM, WE'RE VERY FORTUNATE TO BE IN INCREDIBLE COMMUNITY THAT WORKS TOGETHER. 
          YOUR STAFF. 
          UM, THE MAYOR'S LEADERSHIP AS WELL AS CERTAINLY MARK AND OUR TEAM HAS GOTTEN TO KNOW EACH OTHER EVEN BETTER AND BETTER OVER THE YEARS, AND TRULY WORKING CLOSELY TOGETHER TOO. 
          OKAY, MS. BECCA, THANK, THANK YOU. 
          THANK YOU. 
          NO, NO, NO, YOU'RE FINE. 
          YOU'RE FINE. 
          UM, I WANTED TO MAKE SURE THAT I ECHO ALL OF WHAT Y'ALL SAID. 
          UM, WHEN I THINK ABOUT HISTORY AND HILTON HEAD AND SOME OF THE THINGS THAT MAKES US SPECIAL, CERTAINLY THE RVC EVENT IS ONE OF THE HIGHLIGHTS. 
          AND SO I'M MORE THAN ENTHUSIASTIC TO CONTINUE TO SUPPORT THE EVENT. 
          UM, THE, YOU'VE ENUMERATED ALL OF THE REASONS WHY, AND THERE ARE SO MANY MORE THAT I COULD GO ON ABOUT. 
          BUT, UM, I'M PROUD AND PLEASED TO ENTHUSIASTICALLY SUPPORT THE RBC UM, EVENT HERE ON HILTON HEAD. 
          I, I WOULD, I WOULD ASK ONE THING AND I'VE BEEN WORKING ON THIS WITH A CONSTITUENT OF MINE FOR, FOR A WHILE NOW AND HAVEN'T BEEN ABLE TO GAIN ANY TRACTION. 
          AND I KNOW NOW THAT, UM, OUR MAYOR IS ALSO ENGAGED AND I KNOW FROM CONVERSATIONS THAT I'VE HAD WITH MR. WILMA THAT THEY ARE ALSO LOOKING FOR OPPORTUNITIES FOR IMPROVEMENTS, BUT AS A FAN FORWARD EVENT. 
          UM, AND THAT'S A BIG CONGRATULATIONS FOR THAT. 
          UM, TO ALL OF Y'ALL, IF WE COULD FOCUS A LITTLE BIT ON HELPING OUR HANDICAPPED, UM, ATTENDEES NOT NECESSARILY PARK CLOSER, BUT BE ALLOWED TO BE DROPPED OFF IN A MORE CONVENIENT LOCATION SO THAT THEY DO NOT HAVE TO RIDE THE BUS. 
          SOMETIMES JUST THAT MERE FACT FROM GETTING FROM THEIR CAR TO OUT OF THEIR CAR TO THE TRANSPORTATION FROM HONEY HORN OVER TO THE EVENT IS TOO MUCH. 
          AND SO WE WANT TO CONTINUE TO BE INCLUSIVE AS A COMMUNITY AND MAKE SURE THAT THAT FAN BOARD, UM, RECOGNITION THAT Y'ALL ENJOY, UM, HAPPENS EVERY SINGLE YEAR IN EVERY SINGLE WAY. 
          SO THANK YOU FOR THE CONSIDERATION AND I APPRECIATE IT. 
          IF THERE'S ANYTHING I CAN DO, I'M HERE. 
          THANK Y'ALL. 
          OKAY. 
          UH, MR. WILMONT, ARE YOU PREPARED TO RESPOND TO, UH, MS. BECKER'S CONCERN, WHICH WE ALL SHARE AS FAR AS THIS BEING A TOTAL INCLUSIVE EVENT WITH THE TRANSPORTATION PIECE WHEN IT COMES TO THOSE THAT MAY BE CHALLENGED? YES. 
          AS, UH, WE CONTINUE TO LOOK AT THAT AND WE ARE LOOK CURRENTLY LOOKING AT THAT TOO, IS THAT WITH OUR PLAN IS THE, OUR FOOTPRINT, OUR CAMPUS 
          [01:00:01]
DOWN THERE, WE TALK ABOUT, WE CONTINUE TO HAVE LOOKING AT MOVING PEOPLE OUT TO BE ABLE TO ACCESS SOME AREA DOWN THERE. 
          SO YES, WE ARE CONTINUE TO LOOK AT IT AND WE ARE, WE HAVE HAD A CONVERSATION WITH, UH, THE MAYOR AND OTHERS OVER YOU, SO THANK ABSOLUTELY, IT'D BE GREAT IF YOU COULD COMMUNICATE THE RESOLUTION BACK TO US AS FAR AS THAT TOPIC IS CONCERNED. 
          AND, UH, AS YOU MENTIONED, YOU HAVE WORKED CLOSELY WITH OUR TOWN STAFF. 
          I THINK OUR COMMUNICATIONS DEPARTMENT, ALONG WITH THE CHAMBERS COMMUNICATIONS WOULD BE VERY HELPFUL IF THIS IS GOING TO BE A CHANGE IN THE WAY THAT WE DO BUSINESS, UM, THAT WE TELL THE WORLD THAT SO THAT EVERYBODY KNOWS. 
          YEP. 
          SO YOU LOOK AT IT. 
          YES. 
          PERFECT. 
          SOUNDS GOOD. 
          OKAY. 
          ANYTHING ELSE? UH, MOTION FOR A MOTION? YES, PLEASE. 
          I, I MOVE THAT WE RECOMMEND THE FULL TOWN COUNCIL ADOPT A RESOLUTION OF THE TOWN OF HILTON HEAD ISLAND APPROVING A SPONSORSHIP AGREEMENT WITH THE HERITAGE CLASSIC FOUNDATION TO SUPPORT THE 2026 RBC HERITAGE GOLF TOURNAMENT. 
          SECOND. 
          OKAY. 
          ANY PUBLIC COMMENT? ANYONE SIGNED UP? CYNTHIA, MR. WILLIAMS? ANYONE ELSE? SEEING NONE WILL BRING IT BACK TO THE DIETS FURTHER DISCUSSION HERE. 
          ALL IN FAVOR? OKAY. 
          DO WE HAVE ANYONE SIGNED UP FOR PUBLIC COMMENT OR NON AGENDA ITEMS? MS. IRVIN, MR. WILLIAMS, ANYONE ELSE? SEEING NONE. 
          WE WILL CALL THIS MEETING ADJOURN. 
          THANK YOU FOR YOUR TIME TODAY, LADIES AND GENTLEMEN. 
          THANK YOU. 
           YOU ARE WATCHING BC TV LIVE, WORK, PLAY. 
          THE COUNTY IS ONE OF THE OLDEST FORMS OF LOCAL GOVERNMENT IN THE UNITED STATES. 
          EARLY SETTLERS FROM ENGLAND BROUGHT THE TRADITION OF COUNTY GOVERNMENT TO AMERICA. 
          TODAY, MORE THAN 3000 COUNTY GOVERNMENTS PROVIDE SERVICES THAT AFFECT ALMOST EVERY CITIZEN'S LIFE. 
          SOUTH CAROLINA'S 46 COUNTIES ARE VERY REPRESENTATIVE OF HOW COUNTY GOVERNMENT HAS EVOLVED NATIONALLY. 
          THE COUNTY UNIT IN SOUTH CAROLINA WAS REGARDED AS A LOCAL EXTENSION OF STATE GOVERNMENT, BUT A STATE CONSTITUTIONAL REFORM MOVEMENT IN THE EARLY 1970S LED TO THE SOUTH CAROLINA GENERAL ASSEMBLY, PASSING THE LOCAL GOVERNMENT LAW, ALSO KNOWN AS THE HOME RULE ACT. 
          IN 1975, THE HOME RULE ACT GREATLY EXPANDED COUNTY AUTHORITY AND CHANGED THE NATURE OF COUNTY ORGANIZATION AND ADMINISTRATION TO WHAT WE KNOW TODAY. 
          BEAUFORT COUNTY WENT FROM HAVING A BOARD OF DIRECTORS TO A COUNTY COUNCIL. 
          MEMBERS OF THE 1975 COUNCIL INCLUDED CHAIRMAN ARTHUR HORN, VICE CHAIRMAN GRADY THAMES, LEROY BROWN, GARY FORDHAM, WILLIAM GRANT, HARRIET, KAISER LING, DAVID JONES, BILL MCBRIDE, AND BOOKER WASHINGTON. 
          AS THE NEW COUNCIL SOUGHT TO DISTINGUISH ITSELF, COUNCIL MEMBERS DESIRED AN OFFICIAL SYMBOL THAT WOULD REPRESENT THE JURISDICTION'S IDENTITY AND UNIQUE CHARACTER COUNCIL APPOINTED AN AD HOC COMMITTEE TO UNDERTAKE THE TASK AND CARRY OUT A CONTEST FOR THE BEST COUNTY SEAL DESIGN. 
          HARRIET KLIN WAS A MEMBER OF COUNTY COUNCIL, AND IT WAS HER IDEA BECAUSE WE DIDN'T HAVE ANYTHING THAT COULD SIGNIFICANTLY IDENTIFY OUR BEAUTIFUL BEAUFORD COUNTY. 
          WE MET THEN UP AT A, I THINK IT WAS A CAROLINA BANK, AND SOME YEARS AGO, BACK THERE ON WEST STREET, AND THEN WE PUT 'EM IN PILES. 
          YOU KNOW, LIKE, GOOD, BAD MAYBE UNTIL WE FINALLY GOT IT DOWN TO THE ONE THAT WE NOW USE. 
          COUNTY COUNCIL APPROVED THE SEAL COMMITTEE'S RECOMMENDATION, WHICH REFLECTED THE COUNTY'S HISTORY, TRADITIONS, AND NATURAL BEAUTY. 
          THE SEAL'S COLORS OF BLUE AND GREEN REPRESENT THE COLORS OF THE COUNTY'S OUTDOOR ENVIRONMENT WITH ITS MANY WATERWAYS, MARSHLANDS, AND MARITIME FOREST. 
          THE FIVE IMAGES WITHIN THE SEAL DEPICT SOME OF THE COUNTY'S DISTINGUISHING FEATURES, ANCIENT LIVE OAK TREES, THE SEAFOOD INDUSTRY, RICH NATURAL RESOURCES, AND RARE MARINE ECOLOGY, LOW COUNTRY ARCHITECTURE, AND MILES 
          [01:05:01]
OF RIVERS, CREEKS, AND INLETS. 
          I WAS REALLY IMPRESSED. 
          I THOUGHT IT ENCOMPASSED WHAT THE, WHAT WE AS A BODY WERE LOOKING FOR A SEAL THAT WOULD, WHEN YOU LOOKED AT IT AND JUST THOUGHT ABOUT IT A LITTLE BIT, IT REALLY COVERS THE ASPECTS OF BEAUFORT COUNTY. 
          SO HE DID A GOOD JOB OF BRINGING TOGETHER THE THINGS THAT WE, UH, HOLD SO DEAR AND WHAT WE REALLY LIKE ABOUT BEAUFORT COUNTY. 
          COUNCILMAN BILL MCBRIDE WAS IN OFFICE WHEN THE CONTEST WAS HELD AND WAS PRESENT WHEN THE COMMITTEE REVEALED THE WINNING DESIGN. 
          I THINK COUNCIL WAS ECSTATIC ABOUT IT. 
          UH, WE THOUGHT THAT THE, THE SIMS ON THE SEAL REPRESENTED, UM, ASPECTS OF LIFE IN BEAUFORT COUNTY. 
          THERE IS A SLIGHT CHANGE IN THE ORIGINAL ON DRAFT THAT WAS PRESENTED TO US WHERE YOU HAVE THE SHRIMP BOAT TODAY. 
          INITIALLY, THAT WAS A PLEASURE CRAFT, A SAILBOAT AND YACHT TYPE BOAT. 
          AND, UH, IT WAS CHANGED BY COUNTY COUNCIL BECAUSE WE FELT THAT THE SHRIMP BOAT WAS A BETTER REPRESENTATION, UM, OF A MORE COMPREHENSIVE, UH, ASPECT OF, BUT COUNTY LIFE BECAUSE YOU HAD OTHER THINGS ON THE SEAL THAT REPRESENT THE PLEASURE AND RECREATION, THE FISHING AND THE BEACH. 
          SO THEY THOUGHT THE SHRIMP BOAT, WHICH WAS A VERY IMPORTANT PART OF BEFORD COUNTY CULTURE, SHRIMPING, ESPECIALLY AT THAT TIME, WOULD BE REFLECTED ON THE SALE. 
          THE WINNER OF THE CONTEST WAS AN ARTIST FROM HILTON HEAD ISLAND, THE LATE LEE PAYNE, WHOSE DESIGN WAS SELECTED FROM MORE THAN 126 CENTURIES SUBMITTED FROM AS FAR AWAY AS INDIANA AND TENNESSEE. 
          HE WAS AWARDED $250 FOR HIS DESIGN, BUT MORE IMPORTANTLY, HE CAPTURED THE LEGACY OF OUTDOOR BEAUTY, CULTURE, AND HISTORY THAT HELPED TO DEFINE IMPORTANT ASPECTS OF LIFE IN BEAUFORT COUNTY. 
          TO SEE MORE BEAUFORT COUNTY MOMENTS GO TO THE BEAUFORT COUNTY LIBRARY HOMEPAGE AND CLICK ON THE LOCAL HISTORY TAB.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.