FY 2026
6/30/2026
Proposed Budget
Operating Revenue
Revenue
4 1001 - TOT Income 7,306,081.00
Total Revenue 7,306,081.00
Other Income
46001 - Interest Income 25,000.00
46004 - Miscellaneous Income 7,500.00
Total Other Income 32,500.00
Total Operating Revenue 7,338,581.00
Expenses
Salary and Wages
61010 - Salaries and Wages 1,295,000.00
61015 - Bonuses and Commissions 140,000.00
61020 - Auto Allowance 18,450.00
61030 - Payroll Tax Expenses 115,000.00
61040 - Accrued PTO Expense 15,000.00
Total Salary and Wages 1,583,450.00
Benefits
61110 - Medical Insurance 121,000.00
61115 - Benefit Administrative Fees 360.00
61120 - Dental Insurance 6,200.00
61125 - Vision Insurance 1,300.00
61130 - Life and Disability 15,500.00
61140 - Retirement Plan (401k) 110,750.00
61145 - Deferred Annuity 25,000.00
61150 - Flexible Spending Plan 1,750.00
61160 - Employee Engagement Benefit 16,750.00
Total Benefits 298,610.00
Visit Newport Beach, Inc. Leisure Marketing (TOT)
FY2
026 Budget
ATTACHMENT B
22-19
FY 2026
6/30/2026
Proposed Budget
Visit Newport Beach, Inc. Leisure Marketing (TOT)
F
Y2026 Budget
General and Administrative Expenses
Operating Expenses
64100 - Office Supplies 8,000.00
64101 - Kitchen Supplies 4,650.00
64110 - Office Equipment Leases 2,870.00
64115 - Office Equipment (non-deprec) 9,000.00
64120 - Equipment Repairs & Maintenance 19,698.00
64125 - Computer Software (non-deprec) 37,015.00
64130 - Voice and Data - Office 10,440.00
64135 - Telephone - Mobile 20,460.00
64140 - Postage 660.00
64145 - Shipping Charges 2,400.00
64150 - Bank Fees 2,200.00
64160 - Membership Dues 48,850.00
64165 - Subscriptions 3,500.00
64170 - Team Meetings 24,000.00
64175 - Governance Meeting Expenses 22,500.00
64180 - Education 41,087.00
64190 - Business Licensing and Fees 750.00
64300 - Depreciation Expense 54,200.00
64600 - Business Meals/Entertainment 7,000.00
Total Operating Expenses 319,280.00
Office Lease and Expenses
62100 - Office Lease 187,248.00
62110 - Office Repairs and Maintenance 3,780.00
62120 - Offsite Storage 9,030.00
Total Office Lease and Expenses 200,058.00
Insurance
63100 - General Liability Insurance 2,185.00
63200 - Workers Compensation Insurance 6,300.00
63300 - Board of Directors Insurance 3,800.00
22-20
FY 2026
6/30/2026
Proposed Budget
Visit Newport Beach, Inc. Leisure Marketing (TOT)
F
Y2026 Budget
63400 - Professional Liability Insurance 7,100.00
63500 - Crime Liability Insurance 2,500.00
Total Insurance 21,885.00
Professional Fees
64205 - Payroll Processing Service 6,120.00
64206 - Independent Contractors 80,000.00
64201 - Audit Fees 35,000.00
64202 - Tax Preparation Fees 6,000.00
64204 - Legal Fees 3,000.00
Total Professional Fees 130,120.00
Travel Expenses
65100 - Airfare 5,050.00
65200 - Accommodations 12,350.00
65300 - Meals 6,500.00
65400 - Transportation Costs 1,500.00
65405 - Mileage ($0.70/mile 2025) 750.00
65500 - Other Travel Costs 500.00
Total Travel Expenses 26,650.00
Total General and Administrative 697,993.00
Advertising Expenses
66101 - Advertising 1,610,177.12
66121 - Promotional Gift Cards 1,000.00
66202 - Creative Production 439,000.00
67101 - Research 268,932.67
Total Advertising Expenses 2,319,109.79
Marketing Expenses
Community Relations
67105 - Awards 2,000.00
67107 - Promotional Items 72,400.00
22-21
FY 2026
6/30/2026
Proposed Budget
Visit Newport Beach, Inc. Leisure Marketing (TOT)
F
Y2026 Budget
67111 - Community Partnerships 112,500.00
Total Community Relations 186,900.00
Event Marketing
67103 - Community Partner Events 457,000.00
67102 - Christmas Boat Parade 193,000.00
Total Event Marketing 650,000.00
Marketing Collateral
67309 - Business Plan 18,000.00
67311 - Collateral Production Expenses 25,000.00
Total Marketing Collateral 43,000.00
Digital Marketing
67501 - Social Media 156,000.00
67502 - Website Maintenance 29,871.00
67503 - SEO/SEM 49,200.00
66211 - CRM Maintenance & Platform Subscriptions 15,284.00 Total Digital Marketing 250,355.00
Communications/Public Relations
67601 - PR Agency/Tracking/Copywriting 217,138.00
67602 - Media FAM Tours 60,000.00
67607 - Media Relations 20,000.00
67608 - Media Missions 30,000.00
Total Communications/Public Relations 327,138.00
Total Marketing Expenses 1,457,393.00
International Marketing Initiatives
67401 - International Brand Activations 200,000.00
67402 - International FAM Tours 15,000.00
67405 - International Airfare 33,000.00
67406 - International Accommodations 50,000.00
67407 - International Meals 3,500.00
67408 - International Transportation Costs 5,000.00
22-22
FY 2026
6/30/2026
Proposed Budget
Visit Newport Beach, Inc. Leisure Marketing (TOT)
F
Y2026 Budget
67409 - International Other Travel Costs 3,000.00
67410 - International Business Meals/Entertainment 4,000.00 67411 - International Promotional Items 3,000.00
67412 - International Brand Events 565,525.21
Total International Marketing Initiatives 882,025.21
Sponsorships
66232 - Hosted Industry Events 100,000.00
Total Sponsorships 100,000.00
Total Expenses 7,338,581.00
Net Income -
22-23