• Performance targets should represent feasible markers of excellent performance within expected market conditions.
• Most performance targets impact the allocation of budgetary resources within the Convention and Cultural Affairs Fund to support facility operations • Overly aggressive performance targets would negatively impact the fund if not met • Given lower activity levels since the pandemic, the fund operates at an extremely thin margin
• The timing of when performance targets are set during the budget process often does not line up with when large customers commit to host events.
TARGET SETTING CONSIDERATIONS
Attachment B