TARGET SETTING CONSIDERATIONS
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.
Attachment B