CVB adopts a 2025/26 budget drawing $230,967 from reserves for the Route 66 centennial

What the sources say

• ✓ Verified

  The August 27, 2025 minutes list budgeted revenue of $2,646,788 ("approx. 3% up from the 2024.25 actuals"), total estimated revenue of $2,798,218 not including a $230,967 reserves request, and total estimated expenses of $3,029,185.05, led by administration ($1,375,998) and advertising ($689,000). After the Tourism Master Plan commitment and the new request, projected reserves are $2.06 million. The board approved the budget. ^[1]

  Budgeted revenue

  $2,646,788

  Total estimated revenue

  $2,798,218

  Estimated expenses

  $3,029,185

  Reserves request

  $230,967

• ✓ Verified

  The board set its required 90-day reserve at $700,000 for 2024/25 (August 28, 2024) and at $750,000 for 2025/26, against 90 days of expenses of $746,922 (September 24, 2025). Smith reported on September 24, 2025 that the council had passed the 2025-26 budget. ^[3][2]

  Reserve policy fy2025

  $700,000

  Reserve policy fy2026

  $750,000

• ✓ Verified

  The unaudited 2024-25 year-end report presented November 19, 2025 lists expenditures of $2.4 million against $2.68 million budgeted, hotel tax funds of $2.62 million against $2.48 million budgeted, and revenue of $2.81 million against $2.69 million budgeted. Fourth-quarter hotel tax collections were $114,085 above City projections, and the CVB's portion $48,893.57 above. ^[4]

  Expenditures

  $2,400,000

  Hot funds

  $2,620,000

  Revenue

  $2,810,000