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HomeMy WebLinkAbout2025-02-18 - Agendas - FinalFayetteville Advertising and Promotion Commission February 18, 2025 Location: Fayetteville Town Center, 15 W. Mountain Street Commissioners: Staff: Elvis Moya, Chair, Tourism & Hospitality Representative Katherine Kinney, Tourism & Hospitality Representative Todd Martin, Tourism & Hospitality Representative Chrissy Sanderson, Tourism & Hospitality Representative Andrew Prysby, Commissioner at-large Sarah Bunch, City Council Representative Mike Wiederkehr, City Council Representative Jennifer Walker, Interim CEO I. Call to order at 2:00p.m. II. Old Business Agenda A. Review and approval of January 9th and January 27th meeting minutes III. New Business A. CEO Report. Jennifer Walker. An executive overview of the previous month. B. Financial Report. Jennifer Walker, Interim CEO/VP of Finance *January Financials not included in packet due to not receiving HMR data. C. Marketing Report. Sarah King, VP of Marketing and Communication and Anne Davis, Outright D. Presentation. Downtown Fayetteville Coalition, Kelly Rich, DFC Director E. Vote. MOU with Fans First Entertainment, LLC. Jennifer Walker, Interim CEO Staff recommends a vote to authorize Interim CEO Jennifer Walker to execute the MOU with Fans First Entertainment LLC and approve the $25,000 payment as outlined in the agreement. Memo and MOU included. F. Vote. Engagement Letter with Forvis, LLP for 2024 audit services. Jennifer Walker, Interim CEO Staff recommends a vote to authorize Interim CEO Jennifer Walker to execute the 2024 audit engagement letter with Forvis, LLP for an estimated fee of $31,500. Memo and Engagement Letter included. G. Vote. Adoption of Five-Year Capital Improvement Plan. Tyler Wilson, VP of Strategic Initiatives Staff recommends the commission approve the adoption of this 5-Year Capital Improvement Plan as a guiding document for Experience Fayetteville’s property management strategy. Memo and Capital Improvement Plan included. H. Vote. Experience Fayetteville CEO Job Description and Salary Range. Jennifer Walker, Interim CEO and Chair Elvis Moya. Staff recommends a vote to approve the CEO job description and salary range for use by Winner Partners in recruiting CEO candidates. Memo and Job Description included. I. Discussion. Scheduling CEO finalist interviews with Commission. Jennifer Walker, Interim CEO and Chair Elvis Moya. Memo included. J. Vote. Commission Seat Recommendations, Commissioner Chrissy Sanderson The Commission Applicant Committee will present their recommendations for both the At Large position and the Tourism and Hospitality position. K. Additions to the agenda may be added upon request from a majority of the commissioners. IV. Adjourn Fayetteville Advertising and Promotion Commission Minutes January 9th, 2025 Virtual Meeting Commissioners Present: Commissioners Absent: Staff: Chrissy Sanderson, Chair, Tourism & Hospitality Representative Elvis Moya, Tourism & Hospitality Representative Mike Wiederkehr, City Council Representative Sarah Bunch, City Council Representative Todd Martin, Tourism & Hospitality Representative Andrew Prysby, At Large Position Katherine Kinney, Tourism & Hospitality Representative Jennifer Walker, Interim CEO I. Chair Sanderson called the meeting to order at 2:03pm. II. New Business A. Chair Sanderson called for an executive session to discuss the Interim CEO’s salary and promotion. After Executive Session, Chair Sanderson said the decision was made to table this issue until either the next regularly scheduled meeting or a special meeting. B. Vote. Executive Search Firm Contract. Interim CEO Walker informed the commission that there was a memo and an agreement from Winner Partners in their packets. She stated that the search committee had spoken with three different search firms and that the search firm’s proposals were all very similar in price. She shared that the committee was recommending Winner Partners due to their more comprehensive approach and strong local connections in the destination marketing industry. She noted that she conducted two references checks, both with very positive feedback. She also stated that the general timeline to conduct the search would be 80 days. The contract is for $48,000 plus pre-approved expenses of approximately $12,500 which is mainly for travel costs of candidates and advertising Chair Sanderson opened it up for questions of Winner Partners’ team, who was attending the meeting. Commissioner Wiederkehr asked “what do you see as Fayetteville’s biggest challenge and also one of our greatest assets when you look at marketing it for a search?” Dennis Tracy with Winner Partners introduced himself and his ties to Arkansas, having worked at the Little Rock CVB and also assisting in searches for that organization. Tracy noted the positive would be numerous but one large asset is the infrastructure growth such as direct flights, and amenities such as Crystal Bridges. Any negative would be that it is a competitive job market right now for DMOs. Tina Winner stated it would be a great asset to be able to tell the story of how the former CEO is still available as the mayor and also that our outdoor attractions, especially cycling, were very attractive. Chair Sanderson also mentioned the very hands-on approach Winner Partners presented, which she appreciated. Commissioner Martin expressed his concerns regarding Winner Partners mentioning assets that were in Arkansas, but not Fayetteville, stating that the commission is best set up to promote Fayetteville. He was concerned that the timeline was longer than he anticipated. He expressed that he felt like the process was long and strenuous rather than productive. Furthermore, he expressed that he felt like we would be garnering a lot of regional candidates as this would be a high profile position and didn’t know how we would necessarily benefit from the process outlined. Tina Winner thanked Commissioner Martin for his concerns and expressed that they would be working with the commission and the team to create marketing materials that would promote Fayetteville in the way we would want it promoted, to ensure the materials captured the essence of Fayetteville. She expressed there would be multiple candidates from Fayetteville and Northwest Arkansas and then also it would expand regionally and Winner Partners would be able to vet and talk with all of them in the same way we’d talk to regional candidates. More discussion was had concerning the timeline and the commissioners’ desire that the firm focus on Fayetteville’s attributes, not necessarily NW Arkansas attributes. Commissioner Martin clarified his comments from earlier. He shared he is not confident with the process that has been outlined for the search. He stated he has concerns about a group that doesn’t necessarily know much about the area but is trying to show that they do and he stated he would be a No vote for this contract. Commissioner Moya asked for clarification of the advertising expenses and Winner addressed those. Commissioner Prysby asked how we would handle an entry slate of candidates that really miss the mark and Winner explained that with weekly check ins and engagement sessions, they had several mechanisms baked into the process to ward against that happening. After more discussion, including Commissioner Martin thanking Commissioner Moya for conveying the importance to Winner Partners of focusing on Fayetteville, not NWA, Chair Sanderson asked for a motion. More discussion was had, including Commissioner Martin saying that Winner Partners’ presentation had not built confidence in his mind to select them. Commissioner Moya asked Jennifer Walker if she and Amy Stockton would be involved in every step of the process and she stated that they would be involved and ensuring that our branding is used and our marketing materials were incorporated. Once more, Commissioner Martin stressed that he wanted to ensure Winner Partners would be an advocate for Fayetteville and Commissioner Moya stated he felt comfortable with the staff involvement. More discussion ensured. Commissioner Wiederkehr made a motion to authorize interim CEO Walker to execute a contract with Winner Partners for the CEO executive search and Commissioner Moya seconded this. Chair Sanderson read the formal recommendation which is a vote to authorize Interim CEO Jennifer Walker to execute a contract with Winner Partners for the CEO executive search, with a professional fee of $48,000 plus pre-approved expenses. It passed unanimously via a roll call vote. C. Vote. Appropriate funds from the Unreserved Fund Balance to cover the expense of the executive search. Chair Sanderson asked for a motion to appropriate funds from the Unreserved Fund Balance in the amount of $65,000 to cover the professional fee and direct expenses related to the search which Commissioner Martin made and Commissioner Wiederkehr seconded. It was approved unanimously via roll call vote. The meeting was adjourned at 12:36pm with a motion from Commissioner Martin and a second from Commissioner Moya Minutes submitted by Amy Stockton, Director of Operations, Experience Fayetteville Fayetteville Advertising and Promotion Commission Minutes January 27, 2025 Fayetteville Town Center Commissioners: Commissioners Absent: Staff: Chrissy Sanderson, Chair, Tourism & Hospitality Representative Katherine Kinney, Tourism & Hospitality Representative Todd Martin, Tourism & Hospitality Representative Elvis Moya, Tourism & Hospitality Representative Andrew Prysby, Commissioner at-large Mike Wiederkehr, City Council Representative Sarah Bunch, City Council Representative Jennifer Walker, Interim CEO I. Call to order at 2:00 p.m. II. Old Business Agenda A. Review and approval of meeting minutes from December 9th, January 9th and January 16th. Chair Sanderson asked for any additions or corrections to the three sets of minutes. Commissioner Martin noted that the January 9th minutes were incomplete and did not fully reflect his concerns. He requested that they be revised to include additional details. There was a motion from Commissioner Martin and Commissioner Moya to approve the December 9th and January 16th minutes. It was noted that January 9th minutes would be presented again in February. III. New Business A. Vote. Appointment of a commission chairperson. In accordance with our by-laws, a chairperson must be voted on by the active commissioners at the first meeting of every year. The chair serves a one-year term. Commissioner Martin nominated Commissioner Moya and it was seconded by Commissioner Kinney. It was approved unanimously with a roll call vote. Commissioners Moya and Sanderson traded places so that Moya could chair the remainder of the meeting. Outgoing Chair Sanderson received numerous accolades for her service. B. CEO Report. Jennifer Walker. An executive overview of the previous month. Interim CEO Walker shared that the Experience Fayetteville office renovations were going well, we are almost finished, and we plan to be moved in end of March or beginning of April as furniture delivery and installation will take longer. She stated that we were prepared to present the Master Destination Plan at this meeting and acknowledged both Chair Moya and VP Tyler Wilson for their leadership in the plan. She updated the commissioners that the Arkansas Governor’s Conference on Tourism is February 23-25th and that the chair may want to consider rescheduling the February 24th meeting to allow staff participation in the conference. Initial planning with Winner Partners, the search firm selected to conduct the CEO search has occurred. Commissioner Martin raised concerns about one of the staff members with Winner Partners and asked what was planned to remediate the issue. Walker shared that she spoke with Tina Winner, a managing partner of Winner Partners, regarding the concerns. She stated that Ms. Winner would be very involved in leading the search and explained that a family commitment had prevented her from attending the discovery visit scheduled to begin that afternoon. Commissioner Martin noted that he reserved the right to make a motion to rescind the commission’s contract with Winner Partners. Walker continued with introducing our newest staff member, Gretchen Hunt, who will be serving in the role of Accounting Specialist. Walker then shared marketing updates including several press releases that have been sent, an updated trails map, an updated banner plan and a contract to present today for a new Visitors Guide. In sales, Walker presented that we will be presenting a contract with USA Cycling for the 2025 Cyclocross National Championships at the February meeting. Additionally, we signed a contract with Ozark Foundation to help support the 2025 Arkansas Enduro Series. She also shared that occupancy rates looked great for 2024 with a YTD occupancy rate of 64.5%, up 5% from 2023 and an increased ADR as well. Visitor Center attendance numbers are down for December, mainly due to heavy construction which closed the VC for a few days. FTC had a great holiday season, hosting 17 events. Walker ended by stating that next month the commission would get an update on Downtown Fayetteville Coalition’s plans for the year. With no questions, Chair Moya asked for the financial report. C. Financial Report. Jennifer Walker, Interim CEO | Vice President of Finance Walker stated that the packet included unaudited financials for 2024. We ended the year with 106% of projected revenue and our spending was 9% below budget. Our net operating income is $910,640 year to date and December HMR collections are 5% above the seasonally adjusted budget. You’ll also see that there is already $166,000 in unearned revenue for FTC for 2025 events. Finally, Walker shared that the commission would see a contract in February from Forvis for our 2024 audit. We have worked with Forvis the last several years and we use the same auditor as the city of Fayetteville as our numbers roll up into that audit. There were no questions on the financial report. D. Master Destination Plan Presentation. Sara Meaney, Managing Partner, Coraggio Group Jennifer Walker presented Sara Meaney, a managing partner with Coraggio Group and thanked the lead team who worked in depth on this plan. Sarah Meaney introduced herself and her role, noting that Coraggio Group is celebrating their 25th year this year. She began by explaining the process which includes three big phases, Get Clear, Get Focused and Get Moving. She explained that Coraggio is a part of Miles Partnership, and that Coraggio also worked with several other organizations such as Longwoods International to conduct and review several surveys and data sets. She explained the rigorous data analysis they undertook to best understand Fayetteville’s assets and position. Meaney also explained the stakeholder process of stakeholder sessions, which included one on one interviews, focus groups and surveys in addition to a large resident survey. She reviewed Situation Assessment themes and Stakeholder Sessions. She then shared the following plan elements with the group: Vision, Mission, Position, Imperatives, Objectives, and Initiatives. With that, Meaney closed her presentation and thanked the commissioners for their time and asked if there were any questions. Interim CEO Walker stated that we already had a lot of action plans begun and hoped that this tool would be helpful for the next CEO to come in and base their strategic plan on. Commissioner Wiederkehr commended Coraggio Group for the emphasis they took to include resident sentiment as that’s very important to us. Commissioners provided positive feedback. Commissioners shared that they would like to see the situational assessment and wanted time to digest the plan. Chair Moya said we’d hear back from commissioners at the next meeting and that staff would send out the situational assessment to commissioners. E. Vote. Contract renewal for Outright. Staff recommends the commission authorize the interim CEO to enter an agreement for Agency of Record services with Outright in the amount of $234,000 and to amend the end date of the MSA to 12/31/2025. Memo, Change Order and Agreement (SOW) attached. VP Sarah King presented this item virtually and as her microphone was not working well, Walker recapped the request, including the extension the end date of the MSA to match the SOW. Moya asked for any questions. Commissioner Wiederkehr asked if we would see another SOW for next year and Walker stated yes, at end of this year to approve 2026’s work. Chair Moya asked for a motion which Commissioner Kinney gave with Commissioner Prysby seconded. A roll call vote was unanimously approved. F. Vote. Agreement with Arrivalist. Staff recommends the commission authorize the Interim CEO to enter into an agreement with Arrivalist, LLC in the amount of $52,250. Memo and Agreement attached. Walker presented this stating that this was a renewal of an agreement we already had in place and adding a new module, Media attribution. This tool is one of the tools we will use to measure one of objectives in the master destination plan. We will continue to point out when we are voting on tools that will help propel the plan’s work. Commissioner Prysby stating that this was an excellent tool to add, stating several key indicators this could assist with and he made the motion to authorize the agreement with Commissioner Kinney seconded it and it was approved unanimously. G. Vote Agreement with Archetype for Visitors Guide. Staff recommends that the commission authorize the Interim CEO to enter into an agreement with Archetype in the amount of $46,800 for a printed Visitors Guide. Memo and Agreement attached. Walker shared that this visitors guide is a key component of our first imperative, “Drive Visitation.” We requested proposals last fall and want to recommend Archetype, which is a local company who works with local clients such as Arsagas and Slim Chickens. King is most excited about the community involvement piece of this project. It was noted that Will Collins from Archetype was attending the meeting if there were questions. Prysby asked Will if we would be able to repurpose assets from Archetype and Mr. Collins said we would be able to do so. Chair Moya asked if there was a motion and Commissioner Sanderson made the motion which was seconded by Martin. A roll call vote was approved unanimously. H. Vote. Memorandum of Understanding with Bishop Racing, LLC. Staff recommends that the commission authorize Interim CEO to enter into an agreement with Bishop Racing, LLC in the amount of $23,000 for the development of an adventure biking documentary with an appropriation of $23,000 from the Cycling Legacy Fund. Memo, Project Summary and MOU attached. Moya introduced this item and the staff recommendation. Interim CEO Walker stated that this was a very exciting opportunity that came to us and is a good example of an appropriate usage of legacy cyclocross funds. She talked about the popularity of this series and mentioned that we would be able to keep the assets developed by Bishop Racing. They will come out this May to film and it will be released in fall with us hosting an activation to celebrate its release. A motion was made by Commissioner Martin and seconded by Commissioner Sanderson with a roll call vote approving it unanimously. I. Vote. Updating Bank Account Authorized Signers. Staff recommends, in accordance with the commission’s financial policies, a vote to authorize the following individuals as signers with full authority on all four accounts: the 2025 chairperson and Amy Stockton, Director of Operations. Memo Attached. Chair Moya presented this item with Commissioner Martin asked if we needed to make this into two votes. Interim CEO Walker said that no, it didn’t have to be in two votes, as long as it was clear what the vote concerned, i.e. confirming the two signers on all 4 accounts moving forward and removing any other signers from the accounts. This includes three operating accounts at First Security Bank and one operating account at Arvest. Chair Moya asked for a motion to authorize the following two individuals as signers with full authority on all four accounts: the chairperson of the commission, Chair Elvis Moya and Amy Stockton, the Director of Operations for Experience Fayetteville and also removing all current signers on all four accounts. Commissioner Kinney made the motion and Commissioner Martin seconded it. It was approved unanimously with a roll call vote. J. Vote. Removing Bank Account Authorized Signers. Staff recommends a vote to authorize the removal of individuals listed as signers not included in the updated list. Memo Attached This item was combined with the item above. K. Vote. Alcohol Permit Holder – Change of Manager. With Molly Rawn’s departure, staff recommends appointing staff member Tyler Wilson as the new alcohol permit manager. Memo Attached. Walker introduced this and Commissioner Wiederkehr made the motion to appoint Tyler Wilson, Executive Director of the Fayetteville Town Center as the new alcohol permit manager with Commissioner Martin seconding it. Chair Moya called for a roll call vote and it was approved unanimously. L. Additions to the agenda may be added upon request from a majority of the commissioners. Commissioner Martin asked how we will handle the two open commission seats. Walker outlined the possible process included in the agenda and stated that the process could be changed to suit what the commission wanted. It was decided the commission wanted to follow the process outlined in the agenda, i.e. a selection committee would interview the applicants and make a recommendation to the commission to be voted on at the February meeting to be approved at a future city council meeting. Concerning the tourism and hospitality seat, Commissioner Martin asked if we needed to clarify if the owner needed to be active. It was stated that the bylaws didn’t clarify any qualifiers, just that the commissioner be an owner or a manager. Discussion was had concerning which commissioner would be on the selection process and it was decided that Commissioner Sanderson, who had been serving on the CEO search committee would serve on the commission selection process, and Chair Moya would serve on the CEO search firm committee. Finally, it was decided that we would move our February meeting to Tuesday, February 18th to 2pm to not interfere with the Arkansas Governor’s Conference on tourism. IV. Adjourn There was a motion to adjourn at 3:29pm by Commissioner Martin with a second by Commissioner Sanderson. Minutes submitted by Amy Stockton, Director of Operations Executive Updates January Updates for February A&P Commission Meeting Executive Updates • Office renovations remain on schedule, with construction expected to conclude in February. o Furniture assembly and office move-in are planned for April 4. • Arkansas Governor’s Conference on Tourism and the 2nd annual Outdoor Economy Summit will be held in Bentonville, AR on February 23-25. o This event will feature sessions on tourism trends, outdoor economic impacts, workforce development, and more. o Experience Fayetteville’s Bikepacking Route Network is a finalist for a Henry Award at the Conference. • CEO Search update o A job ad has been posted on the EF LinkedIn page, EF website, industry news outlets, NWA Daily, and NWA Council job boards. o A draft job description and proposed salary range will be presented to the Commission for approval today. o Discussion regarding finalist interview schedule is on the agenda today. • House Bill 1445 “To Prohibit Certain Restrictions on the Regulation of Short-Term Rentals” was presented to Arkansas House – City, County & Local Affairs Committee on February 12, 2025. The Bill is sponsored by Brit McKenzie, Rogers. The Bill passed committee. o Bill limits regulations authorized by local governments. o This bill does not eliminate or regulate HMR tax on short term rentals. Sales and Tourism Activity • EF Sales team secured three new RFP’s in January 2025. • EF team will be partner hosts to the 2026 Congress on New Urbanism Conference with up to 1,500 attendees in NWA. • TougeCon car event will be returning to Fayetteville in 2025 with a larger presence and a Friday Night Underground event. • Our LinkedIn EF page gained 95 new followers in January, with the CEO SEARCH post most engaged. • Occupancy January 2025: figures not yet available • ADR (Average Daily Rate) January 2025 figures not yet available • Visitor Center welcomed 202 visitors in January. o 37% decrease from January 2024 (322) o Visitors from Turkey, Germany & Argentina Fayetteville Town Center • The Fayetteville Town Center hosted 16 events in January. o Most notably a two-day food brokers event featuring 70 vendors and 400 attendees. TOURISM MARKETING CAMPAIGN A&P Commission Meeting: February 18, 2025 A LOOK AT THE PAST YEAR… ●An awareness campaign comprised of high-impact digital media channels ●Built on the themes of outdoor recreation, food & drink, and arts & culture that emerged from discovery and research ●Targeting focused geographic areas to maximize budget impact ●Flight: April-December, with heavy investment through September to capitalize on Summer and Fall travelers, then continued through December at a low simmer ●Earned media strategy focused on target regions + national media publications ●Selective investment in regional publication advertising CAMPAIGN STRATEGY RECAP Colorado ●3 non-stop flights per day from Denver ●Spend an average of 2+ nights in Fayeeville (source: Arrivalist) ●Expanded to entire state (vs. only Denver), as most of the state uses Denver Airport; other airports are pricey and don’t have great flight options Chicago ●3 non-stop flights per day ●Spend an average of 2+ nights in Fayeeville (source: Arrivalist) ●Capitalize on momentum from AR Tourism activations and investment in this area Dallas/Fort Worth ●9 non-stop flights per day ●Spend an average of 2+ nights in Fayeeville (source: Arrivalist) ●Core market for Fayeeville 4-Hr Fayeeville Drive Radius ●34% of Americans plan to take a road trip in 2024, with 18% claiming they’d take a road trip over flying - Forbes 4 KEY MARKETS TO MAXIMIZE IMPACT 2024 BY THE NUMBERS Impressions 23,322,442 Website Sessions 178,396 Click-Through Rate 0.70% Industry Benchmark: 0.20-0.40% Video Completion Rate 89.88% Industry Benchmark: 80% Average Length of Stay + 5.9% Arrivalist Data ●Campaign impression goals exceeded by 9.7 million ●20% of total website traic aributed directly to ads ●Video Completion Rates and Click-through Rates are all well above industry benchmarks, signaling that our campaign is resonating with audiences ●Average length of stay increased by 6% compared to 2023, up to 1 night on average ●If we exclude day-trippers, overnight visitors spent 2.1 nights in Fayeeville on average, a 6.8% increase compared to 2023 Secured 10% in added-value impressions Through strong relationships with media partners, Outright was able to secure an additional 10% of our total paid impressions without cost, allowing us to stretch 2024 campaign budget further to maximize visibility and impact. STRATEGIC FOCUS ON AWARENESS TACTICS ●ExperienceFayeeville.com already dominates organic Google Search Results. Paid Search Investment of $77,180 in 2023 was reallocated in 2024 to focus on more top-of-funnel tactics with a broader audience. ●By allocating our budget to awareness-driving channels like online video and display, we are able to tap into audiences that may not have been considering Fayeeville, Arkansas as a destination and convince them to visit. ●This strategy did not negatively impact website traic, and in fact, overall website traic increased by 27%, and organic search traic increased by 54%. ●Organic website traic increase indicates that campaign activities have lifted overall interest in Fayeeville, causing a lift in searches for Fayeeville, AR related terms. Strong SEO then helps website show up at top of SERPs. EARNED MEDIA COVERAGE WHAT’S COMING NEXT… 2025 CAMPAIGN GOALS MARKET OUTDOOR RECREATION EXPERIENCES, CENTERING FAYETTEVILLE AS THE HUB INCREASE AVERAGE LENGTH OF STAY IN FAYETTEVILLE BALANCE BROAD AWARENESS WITH LEAD GENERATION FOR MEASURABLE IMPACT *From Destination Master Plan CAMPAIGN DETAILS AT A GLANCE Target Markets Continue momentum in existing markets: Colorado, Chicago, Dallas/Fort Worth New Markets: Austin & Houston, TX Drive Markets Refined: Rather than targeting by a 4-hour drive radius, we’ll be strategically targeting key DMAs: Kansas City, Tulsa, Lile Rock, Springfield, Oklahoma City, Memphis Target Audiences Last year, we focused our campaign on a broad audience of people who like to travel, and who have various interests that intersect with arts, culture, outdoors, food, and drink Honing in on Outdoors: This year, we’ll be introducing a new campaign focused on outdoors, with a greater emphasis on avid outdoorsmen and women who enjoy biking and hiking, too. Media Mix We saw success in 2024’s media channels, and will maintain this strategy: Online Video and Display New Media Channels: We will be introducing Connected TV, Native ads, and a small paid search campaign Digital-First: Continuing our approach to invest primarily in digital channels CAMPAIGN CREATIVE UPDATES It’s important to maintain brand recognition and consistency as we head into the second year of our campaign. We’ll be building o of the foundational campaign concept from 2024, but refreshing to align with this year’s strategy. Ads Refresh ●Revise key campaign art to reflect more outdoor experiences ●Addition of a specific outdoors-focused ad variant for outdoors audience NEW INITIATIVES IN 2025 PRINT PUBLICATIONS NWA Visitors Guide Secured the back cover to have the strongest presence in Northwest Arkansas Intentional Use of Paid Search with State Tourism Co-op Co-op campaign that matches our media spend, with a focus on bikepacking NEW DIGITAL TACTICS Mini Direct Flight Campaign As XNA adds new direct flight paths, we’ll be targeting these areas with ads, starting with Salt Lake City and Philly UofA Game Days Dedicated campaign in August-September to encourage fans to turn their Fayeeville gameday into a weekend getaway U of A Visitors Guide Inside back cover of guide that’s in the hands of every U of A parent Wildsam Digital Guide Geing Fayeeville in front of a well-respected travel entity’s audience MEASURABLE IMPACT VIA ARRIVALIST MEDIA ATTRIBUTION “How do we know that our advertising is actually driving people to visit?” We’ll be able to answer this question with the addition of Arrivialist Media Aribution Module. What this means for our campaign: ➔We can measure the lift in arrivals from visitors who were exposed to ads vs. those who were not ad-exposed ➔Pixels allow us to see what website content Arrivals engaged with before visiting ➔Access to concrete data to inform campaign strategy in 2026 and beyond CURATING MEDIA COVERAGE As Fayeeville grows in popularity, the volume of journalists that want to visit the area is growing as well. To manage this, and to ensure we’re bringing the right publications in, we’ll be holding a Media Fam Tour in May! We saw success with this in September 2024 when we held a media event outside Denver, CO. ●Taking from what worked in 2024, and expanding upon that strategy to include more geos, feature the outdoors, and incorporating Connected TV advertising to have a stronger impact ●The introduction of focused campaigns around two key areas of opportunity: outdoor recreation and UofA game days ●A focus on digital channels, with selective investment in print advertising (95% of our budget is allocated to digital) ●Unified strategy across paid, earned, and social media SUMMING IT UP weareoutright.com Questions? Memo To: Fayetteville Advertising & Promotion Commissioners From: Jennifer Walker, Interim CEO, Fayetteville A & P Commission Date: February 10, 2025 Re: 2024 Financial Audit Engagement Letter with Forvis Background: The Fayetteville Advertising and Promotion Commission has engaged Forvis, LLP for audit services from fiscal years 2018 through 2023. To maintain consistency and alignment, we strive to coordinate our audit services with the City of Fayetteville, which is currently in Year 3 of a five-year contract with Forvis. For the 2024 fiscal year, the estimated audit fee is $31,500. The Commission’s 2025 operating budget includes $34,000 for audit and accounting services, ensuring sufficient funding for this engagement. The 2024 engagement letter is attached for reference. Staff Recommendation: Staff recommends a vote to authorize Interim CEO Jennifer Walker to execute the 2024 audit engagement letter with Forvis, LLP for an estimated fee of $31,500. Forvis Mazars, LLP is an independent member of Forvis Mazars Global Limited February 10, 2025 Board of Commissioners Ms. Jennifer Walker, Interim CEO/VP Finance Fayetteville Advertising and Promotion Commission 21 South Block Avenue, Suite 100 Fayetteville, AR 72701 We appreciate your selection of Forvis Mazars, LLP as your service provider and are pleased to confirm the arrangements of our engagement in this contract. Within the requirements of our professional standards and any duties owed to the public, regulatory, or other authorities, our goal is to provide you an Unmatched Client Experience. In addition to the terms set forth in this contract, including the detailed Scope of Services, our engagement is governed by the following, incorporated fully by this reference:  Terms and Conditions Addendum Summary Scope of Services As described in the attached Scope of Services, our services will include the following: FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION  Audit Services for the year ended December 31, 2024 You agree to assume full responsibility for the substantive outcomes of the contracted services and for any other services we may provide, including any findings that may result. You also acknowledge these services are adequate for your purposes, and you will establish and monitor the performance of these services to ensure they meet management’s objectives. All decisions involving management responsibilities related to these services will be made by you, and you accept full responsibility for such decisions. We understand you have designated a management-level individual(s) to be responsible and accountable for overseeing the performance of nonattest services, and you have determined this individual is qualified to conduct such oversight. Engagement Fees The fee for our services will be $31,500. Included in this fee are travel costs and fees for services from other professionals, if any, as well as an administrative fee of five (5) % to cover certain technology and administrative costs associated with our services. FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 2 Our pricing for this engagement and our fee structure are based upon the expectation that our invoices will be paid promptly. Payment of our invoices is due upon receipt. Our timely completion of services and the fees thereon depends on the assistance you provide us in accumulating information and responding to our inquiries. Inaccuracies or delays in providing this information or the responses may result in additional billings, untimely filings, or inability to meet other deadlines. Contract Agreement Please sign and return this contract to indicate your acknowledgment of, and agreement with, the arrangements for our services including our respective responsibilities. Forvis Mazars, LLP Acknowledged and agreed to as it relates to the entire contract, including the Scope of Services and Terms and Conditions Addendum, on behalf of FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION. BY Jennifer Walker, Interim CEO/VP Finance DATE FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 3 Scope of Services – Audit Services We will audit the regulatory basis financial statements and related disclosures, which collectively comprise the basic financial statements for the following entity: FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION as of and for the year ended December 31, 2024 The audit has the following broad objectives:  Obtaining reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error  Expressing an opinion on the regulatory basis financial statements prepared in accordance with Arkansas Code Section 10-4-202  Issuing a report on your internal control over financial reporting and compliance and other matters based on the audit of your financial statements in accordance with Government Auditing Standards We understand the financial statements are prepared in accordance with the regulatory basis of accounting permitted by Arkansas Code Section 10-4-202, which is a basis of accounting that differs from accounting principles generally accepted in the United States of America. We will also provide you with the following nonattest services:  Preparing a draft of the financial statements and related notes You agree to assume all management responsibilities and to oversee the nonattest services we will provide by designating an individual possessing suitable skill, knowledge, and/or experience. You acknowledge that nonattest services are not covered under Government Auditing Standards. You are responsible for:  Making all management decisions and performing all management functions  Evaluating the adequacy and results of the services performed  Accepting responsibility for the results of such services  Designing, implementing, and maintaining internal controls, including monitoring ongoing activities Cynthia Burns, Director, is responsible for supervising the engagement and authorizing the signing of the report or reports. We will issue a written report upon completion of our audit, addressed to the following parties: Entity Name Party Name FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION Board of Commissioners Jennifer Walker, Interim CEO/VP Finance You are responsible to distribute our reports to other officials who have legal oversight authority or those responsible for acting on audit findings and recommendations, and to others authorized to receive such reports. The following apply for the audit services described above: Our Responsibilities We will conduct our audit in accordance with auditing standards generally accepted in the United States of America (GAAS), the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States and the Uniform Guidance. Those standards require that we plan and perform: FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 4  The audit of the financial statements to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether caused by fraud or error We will exercise professional judgment and maintain professional skepticism throughout the audit. We will identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. We will obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. We will evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We will also conclude, based on audit evidence obtained, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance, regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that the auditor identified during the audit. Limitations & Fraud Reasonable assurance is a high level of assurance but is not absolute assurance and, therefore, is not a guarantee that an audit that is planned and conducted in accordance with GAAS will always detect a material misstatement or material noncompliance with federal award programs when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if, there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to any later periods for which we are not engaged as auditors. The risk of not detecting a material misstatement or material noncompliance resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with compliance requirements is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the entity’s compliance with the requirements of the federal programs as a whole. FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 5 Our understanding of internal control is not for the purpose of expressing an opinion on the effectiveness of your internal control. However, we will communicate to you in writing any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we identify during the audit. We are available to perform additional procedures with regard to fraud detection and prevention at your request, subject to completion of our normal engagement acceptance procedures. The actual terms and fees of such an engagement would be documented in a separate contract to be signed by you and Forvis Mazars. Opinion Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to further modify our opinion, add an emphasis-of-matter paragraph or other-matter paragraph(s) to our auditor’s report, or if necessary, decline to express an opinion or withdraw from the engagement. If we discover conditions that may prohibit us from issuing a report, we will notify you. In such circumstances, further arrangements may be necessary to continue our engagement. Your Responsibilities Management and, if applicable, those charged with governance acknowledge and understand their responsibility for the accuracy and completeness of all information provided and for the following:  Audit Support – to provide us with: o Unrestricted access to persons within the entity or within components of the entity (including management, those charged with governance, and component auditors) from whom we determine it necessary to obtain audit evidence o Information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, including access to information relevant to disclosures o Information about events occurring or facts discovered subsequent to the date of the financial statements, of which management may become aware, that may affect the financial statements o Information about any known or suspected fraud affecting the entity involving management, employees with significant role in internal control, and others where fraud could have a material effect on the financials o Identification and provision of report copies of previous audits, attestation engagements, or other studies that directly relate to the objectives of the audit, including whether related recommendations have been implemented o Additional information that we may request for the purpose of the audit  Internal Control and Compliance – for the: o Design, implementation, and maintenance of internal control relevant to compliance with laws and regulations and the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 6 o Alignment of internal control to ensure that appropriate goals and objectives are met; that management and financial information is reliable and properly reported; and that compliance with and identification of the laws, regulations, contracts, grants, or agreements (including any federal award programs) applicable to the entity’s activities is achieved o Remedy, through timely and appropriate steps, of fraud and noncompliance with provisions of laws, regulations, contracts, or other agreements reported by the auditor o Establishment and maintenance of processes to track the status and address findings and recommendations of auditors  Accounting and Reporting – for the: o Maintenance of adequate records, selection and application of accounting principles, and the safeguard of assets o Adjustment of the financial statements to correct material misstatements and confirmation to us in the representation letter that the effects of any uncorrected misstatements aggregated by us are immaterial, both individually and in the aggregate, to the financial statements taken as a whole o Preparation and fair presentation of the financial statements in accordance with accounting principles permitted by Arkansas Code Section 10-4-202, which is a regulatory basis of accounting that differs from accounting principles generally accepted in the United States of America o Inclusion of the auditors’ report in any document containing financial statements that indicates that such financial statements have been audited by us o Distribution of audit reports to any necessary parties The results of our tests of compliance and internal control over financial reporting performed in connection with our audit of the financial statements may not fully meet the reasonable needs of report users. Management is responsible for obtaining audits, examinations, agreed-upon procedures, or other engagements that satisfy relevant legal, regulatory, or contractual requirements or fully meet other reasonable user needs. Written Confirmations Required As part of our audit process, we will request from management and, if applicable, those charged with governance written confirmation acknowledging certain responsibilities outlined in this contract and confirming:  The availability of this information.  Certain representations made during the audit for all periods presented.  The effects of any uncorrected misstatements, if any, resulting from errors or fraud aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. Peer Review Report Government Auditing Standards require that we provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract, upon request. If you would like a copy, please request from your engagement executive. FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 7 Forvis Mazars, LLP Terms and Conditions Addendum GENERAL 1. Overview. This addendum describes Forvis Mazars, LLP’s standard terms and conditions (“Terms and Conditions”) applicable to Our provision of services to the Client (“You”). The Terms and Conditions are a part of the contract between You and Forvis Mazars, LLP. For the purposes of the Terms and Conditions, any reference to “Firm,” “We,” “Us,” or “Our” is a reference to Forvis Mazars, LLP (“Forvis Mazars”), and any reference to “You” or “Your” is a reference to the party or parties that have engaged Us to provide services and the party or parties ultimately responsible for payment of Our fees and costs. BILLING, PAYMENT, & TERMINATION 2. Billing and Payment Terms. We will bill You for Our professional fees and costs as outlined in Our contract. Unless otherwise provided in Our contract, payment is due upon receipt of Our billing statement. Interest will be charged on any unpaid balance after 30 days at the rate of 10 percent per annum, or as allowed by law at the earliest date thereafter, and highest applicable rate if less than 10 percent. All fees, charges, and other amounts payable to Forvis Mazars hereunder do not include any sales, use, excise, value-added, or other applicable taxes, tariffs, or duties, payment of which shall be Your sole responsibility, and do not include any applicable taxes based on Forvis Mazars’ net income or taxes arising from the employment or independent contractor relationship between Forvis Mazars and Forvis Mazars’ personnel. We reserve the right to suspend or terminate Our work for this engagement or any other engagement for nonpayment of fees. If Our work is suspended or terminated, You agree that We will not be responsible for Your failure to meet governmental and other deadlines, for any penalties or interest that may be assessed against You resulting from Your failure to meet such deadlines, and for any other damages (including but not limited to consequential, indirect, lost profits, or punitive damages) incurred as a result of the suspension or termination of Our services. Our fees may increase if Our duties or responsibilities are increased by rulemaking of any regulatory body or any additional new accounting or auditing standards. Our engagement fees do not include any time for post-engagement consultation with Your personnel or third parties, consent letters and related procedures for the use of Our reports in offering documents, inquiries from regulators, or testimony or deposition regarding any subpoena. Charges for such services will be billed separately. 3. Billing Records. If these services are determined to be within the scope and authority of Section 1861(v)(1)(I) of the Social Security Act, We agree to make available to the Secretary of Health and Human Services, or to the U.S. Comptroller General, or any of their duly authorized representatives, such of Our books, documents, and records that are necessary to certify the nature and extent of Our services, until the expiration of four (4) years after the furnishing of these services. This contract allows access to contracts of a similar nature between subcontractors and related organizations of the subcontractor, and to their books, documents, and records. 4. Termination. Either party may terminate these services in good faith at any time for any reason, including Your failure to comply with the terms of Our contract or as We determine professional standards require. Both parties must agree, in writing, to any future modifications or extensions. If services are terminated, You agree to pay Forvis Mazars for time expended to date. In addition, You will be billed costs and fees for services from other professionals, if any, as well as an administrative fee of five (5) percent to cover certain technology and administrative costs associated with Our services. Unless terminated sooner in accordance with its terms, this engagement shall terminate upon the completion of Forvis Mazars’ services hereunder. DISPUTES & DISCLAIMERS 5. Mediation. Any dispute arising out of or related to this engagement will, prior to resorting to litigation, be submitted for nonbinding mediation upon written request by either party. Both parties agree to try in good faith to settle the dispute in mediation. The mediator will be selected by agreement of the parties. The mediation proceeding shall be confidential. Each party will bear its own costs in the mediation, but the fees and expenses of the mediator will be shared equally. 6. Indemnification. Unless disallowed by law or applicable professional standards, You agree to hold Forvis Mazars harmless from any and all claims which arise from knowing misrepresentations to Forvis Mazars, or the intentional withholding or concealment of information from Forvis Mazars by Your management or any partner, principal, shareholder, officer, director, member, employee, agent, or assign of Yours. You also agree to indemnify Forvis Mazars for any claims made against Forvis Mazars by third parties, which arise from any wrongful actions of Your management or any partner, principal, shareholder, officer, director, member, employee, agent, or assign of Yours. The provisions of this paragraph shall apply regardless of the nature of the claim. 7. Statute of Limitations. You agree that any claim or legal action arising out of or related to this contract and the services provided hereunder shall be commenced no more than one (1) year from the date of delivery of the work product to You or the termination of the services described herein (whichever is earlier), regardless of any statute of limitations prescribing a longer period of time for commencing such a claim under law. This time limitation shall apply regardless of whether Forvis Mazars performs other or subsequent services for You. A claim is understood to be a demand for money or services, demand for mediation, or the service of suit based on a breach of this contract or the acts or omissions of Forvis Mazars in performing the services provided herein. This provision shall not apply if enforcement is disallowed by applicable law or professional standards. 8. Limitation of Liability. You agree that Forvis Mazars’ liability, if any, arising out of or related to this contract and the services provided hereunder, shall be limited to the amount of the fees paid by You for services rendered under this contract. This limitation shall not apply to the extent it is finally, judicially determined that the liability resulted from the intentional or willful misconduct of Forvis Mazars or if enforcement of this FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 8 provision is disallowed by applicable law or professional standards. 9. Waiver of Certain Damages. In no event shall Forvis Mazars be liable to You or a third party for any indirect, special, consequential, punitive, or exemplary damages, including but not limited to lost profits, loss of revenue, interruption, loss of use, damage to goodwill or reputation, regardless of whether You were advised of the possibility of such damages, regardless of whether such damages were reasonably foreseeable, and regardless of whether such damages arise under a theory of contract, tort, strict liability, or otherwise. 10. Choice of Law. You acknowledge and agree that any dispute arising out of or related to this contract shall be governed by the laws of the State of Texas, without regard to its conflict of laws principles. 11. WAIVER OF JURY TRIAL. THE PARTIES HEREBY AGREE NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVE ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THIS AGREEMENT, OR ANY CLAIM, COUNTERCLAIM, OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY THE PARTIES, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. 12. Severability. In the event that any term or provision of this agreement shall be held to be invalid, void, or unenforceable, then the remainder of this agreement shall not be affected, and each such term and provision of this agreement shall be valid and enforceable to the fullest extent permitted by law. 13. Assignment. You acknowledge and agree that the terms and conditions of this contract shall be binding upon and inure to the parties’ successors and assigns, subject to applicable laws and regulations. 14. Disclaimer of Legal or Investment Advice. Our services do not constitute legal or investment advice. You should seek the advice of legal counsel in such matters. Regulatory authorities may interpret circumstances differently than We do. In addition, the applicable laws, regulations, and regulators’ enforcement activities may change over time. RECORDS, WORKPAPERS, DELIVERABLES, & PROPRIETARY INFORMATION 15. Maintenance of Records. You agree to assume full responsibility for maintaining Your original data and records and that Forvis Mazars has no responsibility to maintain this information. You agree You will not rely on Forvis Mazars to provide hosting, electronic security, or backup services, e.g., business continuity or disaster recovery services, to You unless separately engaged to do so. You understand that Your access to data, records, and information from Forvis Mazars’ servers, i.e., Forvis Mazars portals used to exchange information, can be terminated at any time and You will not rely on using this to host Your data and records. 16. Forvis Mazars Workpapers. Our workpapers and documentation retained in any form of media for this engagement are the property of Forvis Mazars. We can be compelled to provide information under legal process. In addition, We may be requested by regulatory or enforcement bodies (including any State Board) to make certain workpapers available to them pursuant to authority granted by law or regulation. Unless We are prohibited from doing so by law or regulation, Forvis Mazars will inform You of any such legal process or request. You agree We have no legal responsibility to You in the event We determine We are obligated to provide such documents or information. 17. Subpoenas or Other Legal Process. In the event Forvis Mazars is required to respond to any such subpoena, court order, or any government regulatory inquiry or other legal process relating to You or Your management for the production of documents and/or testimony relative to information We obtained or prepared incident to this or any other engagement in a matter in which Forvis Mazars is not a party, You shall compensate Forvis Mazars for all time We expend in connection with such response at normal and customary hourly rates and to reimburse Us for all out-of-pocket expenses incurred in regard to such response. 18. Use of Deliverables and Drafts. You agree You will not modify any deliverables or drafts prepared by Us for internal use or for distribution to third parties. You also understand that We may on occasion send You documents marked as draft and understand that those are for Your review purpose only, should not be distributed in any way, and should be destroyed as soon as possible. Our report on any financial statements must be associated only with the financial statements that were the subject of Our engagement. You may make copies of Our report, but only if the entire financial statements (exactly as attached to Our report, including related footnotes) and any supplementary information, as appropriate, are reproduced and distributed with Our report. You agree not to reproduce or associate Our report with any other financial statements, or portions thereof, that are not the subject of Our engagement. 19. Proprietary Information. You acknowledge that proprietary information, documents, materials, management techniques, and other intellectual property are a material source of the services We perform and were developed prior to Our association with You. Any new forms, software, documents, or intellectual property We develop during this engagement for Your use shall belong to Us, and You shall have the limited right to use them solely within Your business. All reports, templates, manuals, forms, checklists, questionnaires, letters, agreements, and other documents which We make available to You are confidential and proprietary to Us. Neither You, nor any of Your agents, will copy, electronically store, reproduce, or make any such documents available to anyone other than Your personnel. This provision will apply to all materials whether in digital, “hard copy” format, or other medium. REGULATORY 20. U.S. Securities and Exchange Commission (“SEC”) and other Regulatory Bodies. Where We are providing services either for (a) an entity that is registered with the SEC, (b) an affiliate of such registrant, or (c) an entity or affiliate that is FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 9 subject to rules, regulations, or standards beyond those of the American Institute of Certified Public Accountants (“AICPA”), any term of this contract that would be prohibited by or impair Our independence under applicable law or regulation shall not apply to the extent necessary only to avoid such prohibition or impairment. 21. Offering Document. You may wish to include Our report(s) on financial statements in an exempt offering document. You agree that any report, including any auditor’s report, or reference to Our firm, will not be included in any such offering document without notifying Us. Any agreement to perform work in connection with an exempt offering document, including providing agreement for the use of the auditor’s report in the exempt offering document, will be a separate engagement. Any exempt offering document issued by You with which We are not involved will clearly indicate that We are not involved by including a disclosure such as, “Forvis Mazars, LLP, our independent auditor, has not been engaged to perform and has not performed, since the date of its report included herein, any procedures on the financial statements addressed in that report. Forvis Mazars, LLP also has not performed any procedures relating to this offering document.” 22. Forvis Mazars Not a Municipal Advisor. Forvis Mazars is not acting as Your municipal advisor under Section 15B of the Securities Exchange Act of 1934, as amended. As such, Forvis Mazars is not recommending any action to You and does not owe You a fiduciary duty with respect to any information or communications regarding municipal financial products or the issuance of municipal securities. You should discuss such matters with internal or external advisors and experts You deem appropriate before acting on any such information or material provided by Forvis Mazars. 23. Forvis Mazars Not a Fiduciary. In providing Our attest services, We are required by law and our professional standards to maintain our independence from You. We take this mandate very seriously and thus guard against impermissible relationships which may impair the very independence which You and the users of Our report require. As such, You should not place upon Us special confidence that in the performance of Our attest services We will act solely in Your interest. Therefore, You acknowledge and agree We are not in a fiduciary relationship with You and We have no fiduciary responsibilities to You in the performance of Our services described herein. TECHNOLOGY 24. Electronic Sites. You agree to notify Us if You desire to place Our report(s), including any reports on Your financial statements, along with other information, such as a report by management or those charged with governance on operations, financial summaries or highlights, financial ratios, etc., on an electronic site. You recognize that We have no responsibility to review information contained in electronic sites. 25. Electronic Signatures and Counterparts. This contract and other documents to be delivered pursuant to this contract may be executed in one or more counterparts, each of which will be deemed to be an original copy and all of which, when taken together, will be deemed to constitute one and the same agreement or document, and will be effective when counterparts have been signed by each of the parties and delivered to the other parties. Each party agrees that the electronic signatures, whether digital or encrypted, of the parties included in this contract are intended to authenticate this writing and to have the same force and effect as manual signatures. Delivery of a copy of this contract or any other document contemplated hereby, bearing an original manual or electronic signature by facsimile transmission (including a facsimile delivered via the internet), by electronic mail in “portable document format” (“.pdf”) or similar format intended to preserve the original graphic and pictorial appearance of a document, or through the use of electronic signature software, will have the same effect as physical delivery of the paper document bearing an original signature. 26. Electronic Data Communication and Storage. In the interest of facilitating Our services to You, We may send data over the internet, temporarily store electronic data via computer software applications hosted remotely on the internet, or utilize cloud-based storage. Your confidential electronic data may be transmitted or stored using these methods. In using these data communication and storage methods, We employ measures designed to maintain data security. We use reasonable efforts to keep such communications and electronic data secure in accordance with Our obligations under applicable laws, regulations, and professional standards. You recognize and accept that We have no control over the unauthorized interception or breach of any communications or electronic data once it has been transmitted or if it has been subject to unauthorized access while stored, notwithstanding all reasonable security measures employed by Us. You consent to Our use of these electronic devices and applications during this engagement. OTHER MATTERS 27. Cooperation. You agree to cooperate with Forvis Mazars in the performance of Forvis Mazars’ services to You, including the provision to Forvis Mazars of reasonable facilities and timely access to Your data, information, and personnel. You shall be responsible for the performance of Your employees and agents. 28. Third-Party Service Providers. Forvis Mazars may from time to time utilize third-party service providers, including but not limited to domestic software processors or legal counsel, or disclose confidential information about You to third-party service providers in serving Your account. Forvis Mazars maintains, however, internal policies, procedures, and safeguards to protect the confidentiality and security of Your information. In addition, Forvis Mazars will secure confidentiality agreements with all service providers to maintain the confidentiality of Your information. If We are unable to secure an appropriate confidentiality agreement, You will be asked to consent prior to Forvis Mazars sharing Your confidential information with the third-party service provider. 29. Independent Contractor. When providing services to You, We will be functioning as an independent contractor; and in no event will We or any of Our employees be an officer of You, nor will Our relationship be that of joint venturers, partners, employer and employee, principal and agent, or any similar FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION February 10, 2025 Page 10 relationship giving rise to a fiduciary duty to You. Decisions regarding management of Your business remain the responsibility of Your personnel at all times. Neither You nor Forvis Mazars shall act or represent itself, directly or by implication, as an agent of the other or in any manner assume or create any obligation on behalf of, or in the name of, the other. 30. Hiring of Forvis Mazars Personnel. We ask that You respect the employment relationship that Our personnel have with Our firm and to refrain from any employment offers to Forvis Mazars personnel. However, if You find it necessary to make an offer of employment and if it is accepted, during the term of this engagement and for a period of 18 months after Forvis Mazars stops providing services, You agree that We will be paid a one- time employment fee equal to 100 percent of the employee’s highest annual salary. This fee will be payable prior to Our personnel commencing employment with You. Provided, however, You shall not be in violation of the nonsolicitation covenant set forth herein with respect to any position You advertise in the form of a general solicitation not delivered to or focused upon any single individual. 31. Use of Forvis Mazars Name. Any time You intend to reference Forvis Mazars’ firm name in any manner in any published materials, including on an electronic site, You agree to provide Us with draft materials for review and approval before publishing or posting such information. 32. Network. Forvis Mazars, LLP is a Delaware limited liability partnership and an independent member of Forvis Mazars Global Ltd., a leading global professional services network. Forvis Mazars Global Ltd. is a United Kingdom company limited by guarantee and does not provide any services to clients. 33. Entire Agreement. The contract, including this Terms and Conditions Addendum and any other attachments or addenda, encompasses the entire agreement between You and Forvis Mazars and supersedes all previous understandings and agreements between the parties, whether oral or written. Any modification to the terms of this contract must be made in writing and signed by both You and Forvis Mazars. 34. Force Majeure. We shall not be held responsible for any failure to fulfill Our obligations if such failure was caused by circumstances beyond Our control, including, without limitation, fire or other casualty, act of God, act of terrorism, strike or labor dispute, war or other violence, explosion, flood or other natural catastrophe, epidemic or pandemic, or any law, order, or requirement of any governmental agency or authority affecting either party, including without limitation orders incident to any such epidemic or pandemic, lockdown orders, stay-at-home orders, and curfews. Memo To: Fayetteville Advertising and Promotion Commissioners From: Tyler Wilson, VP Strategic Initiatives, Date: February 6, 2025 Re: Experience Fayetteville 5-year Capital Improvement Plan Background: A 5-Year Organizational Capital Improvement Plan (CIP) serves as a structured roadmap for planned investments in infrastructure, facilities, equipment, and other long-term assets. This plan supports Experience Fayetteville’s strategic objectives by ensuring that properties remain well-maintained, operationally efficient, and aligned with the organizations evolving needs. While data-driven and forward-thinking, this plan remains adaptable to accommodate emerging priorities. Purpose & Utilization: The CIP will guide property management and improvements across Experience Fayetteville-owned assets, ensuring proactive investment in facility maintenance, modernization, and new initiatives. While it provides a strategic framework, it is not a rigid, itemized list, as unexpected projects and opportunities may arise that require flexibility. Capital Investment Focus Areas o Facility Upgrades & Renovations – Enhancing existing structures to improve functionality, sustainability, and visitor experience. o Technology & Infrastructure Improvements – Investing in modern systems for operational efficiency and visitor engagement. o Property Enhancements – Developing and maintaining key sites such as the Walker-Stone House, Fayetteville Town Center, and Experience Fayetteville offices. Recommendation: The staff recommends that the commission approve the adoption of this 5-Year Capital Improvement Plan as a guiding document for Experience Fayetteville’s property management strategy. While not a fixed commitment to specific projects, this plan will ensure responsible stewardship of resources while allowing flexibility to address new opportunities and challenges. Fayetteville A&P Commission Fayetteville A&P Commission Capital Improvement Plan 2025 - 2029 Fayetteville A&P Commission ExpFay Repairs & Maintenance Year Project Name Description Category Est Cost Timeline Funding Source YTD Total 2025 Back Entrance replace and upgrade back entrance Repairs 20,000.00$ Q1 Operating Capital Office Remodel Office Reno Project 280,000.00$ Operating Capital Office Furniture Office Reno Project 160,000.00$ Operating Capital 460,000.00$ 2026 New Roof replace roof with TPO Repairs 200,000.00$ Q3 Operating Capital Heat Pump #1 replace old package unit HVAC 20,000.00$ Q1 Operating Capital Roof Access add ladder access to EF FF&E 10,000.00$ Q3 Operating Capital 230,000.00$ 2027 Windows upgrade to store front Repairs 20,000.00$ Q1 Operating Capital Masonry Fix Exterior Cracked Masonry Repairs 20,000.00$ Q2 Operating Capital 40,000.00$ 2028 Heat Pump #2 Replace Heat Pump FF&E 50,000.00$ Q3 Operating Capital 50,000.00$ 2029 VC Refresh Visitors Center Refresh FF&E 50,000.00$ Q3 Operating Capital 50,000.00$ 5-year Total 830,000.00$ Page 1 of 3 Fayetteville A&P Commission Capital Improvement Plan 2025 - 2029 Fayetteville A&P Commission FTC Repairs & Maintenance Year Project Name Description Category Est Cost Timeline Funding Source YTD Total 2025 Airwall replace airwalls FF&E 450,000.00$ Q3 Operating Reserve Exterior refresh exterior Repairs 45,000.00$ Q2 Operating Reserve Parking Garage Replace old LED fixtures in parking deck FF&E 60,000.00$ Q$Operating Reserve 555,000.00$ 2026 New concrete replace old concrete on terrace Repairs 100,000.00$ Q3 Operating Reserve Rainbird replace outdated irrigation system FF&E 35,000.00$ Q1 Operating Reserve Dishwasher replace service kitchen dishwasher FF&E 20,000.00$ Q4 Operating Reserve Fridges replace service kitchen fridges FF&E 20,000.00$ Q4 Operating Reserve Exterior Bathroom Remodle FTC Bathroom refresh and exterior add FF&E 125,000.00$ Q$Operating Reserve 200,000.00$ 2027 Parking Deck Sump Pump new box and pumps for level 1 garage pit FF&E 300,000.00$ Q3 Operating Reserve 2028 Sound dampening Main Hall acoustic tiles FF&E 50,000.00$ Q1 Operating Reserve Paint Ceiling Main Hall ceiling paint and crack repair Repairs 50,000.00$ Q3 Hall floor Main Hall tile repair Repairs 100,000.00$ Q4 200,000.00$ 2029 Elevators replace passenger elevators FF&E 450,000.00$ Q1,Q2,Q3 Funded by City 450,000.00$ 5-Year Total 1,405,000.00$ Page 2 of 3 Fayetteville A&P Commission Capital Improvement Plan 2025 - 2029 Fayetteville A&P Commission WSH Repairs & Maintenance Year Project Description Category Est Cost Timeline Funding Source YTD Total 2025 Power Service Bury service from the street to the house Repairs 10,000.00$ Q2 Operating Reserve 10,000.00$ 2026 Windows Windows have exterior rotting and need replacement Repairs 80,000.00$ Q3 Operating Reserve 80,000.00$ 2027 Back Terrace Restore back porch and terrace Repairs 150,000.00$ Operating Reserve 150,000.00$ 2028 Property Fence Install fence for liability and security needs FF&E 50,000.00$ Q3 Operating Reserve Floors Redo wood floors Repairs 100,000.00$ Q1 Operating Reserve 150,000.00$ 2029 Parking Upgrade parking arear from gravel to hard surface 60,000.00$ Operating Reserve 60,000.00$ 5-year Total 450,000.00$ Page 3 of 3 Memo To: Fayetteville Advertising & Promotion Commissioners From: Jennifer Walker, Interim CEO, Fayetteville A & P Commission Date: February 10, 2025 Re: CEO Job Description and Salary Range Background: Experience Fayetteville has engaged Winner Partners to lead the search for its next CEO. As part of this process, Winner Partners has developed a draft job description, which has been reviewed by the Search Committee. A final version is enclosed for Commission review and approval. The job description includes a proposed salary range for discussion and approval. This range is based on industry compensation benchmarks provided by Winner Partners, including national comparisons within the destination marketing organization (DMO) industry as well as regional data from Arkansas DMOs. The lower end of the range reflects a candidate with growth potential in the role, while the upper end accounts for a seasoned executive with extensive DMO leadership experience. Staff Recommendation: Staff recommends a vote to approve the CEO job description and salary range for use by Winners Partners in recruiting CEO candidates. CEO | Position Description Experience Fayetteville Fayetteville, Arkansas Executive Summary The Chief Executive Officer (CEO) serves as the chief strategist, ambassador, and leader of Experience Fayetteville, responsible for driving the long-term success of the organization and ensuring that tourism strengthens the local economy while preserving the city’s unique character. The CEO will work collaboratively with local businesses, civic leaders, elected officials, and community stakeholders to promote Fayetteville as a leading leisure, sports, and events destination. The CEO will report directly to the Advertising and Promotions Commission, leading a team of 24 professionals and overseeing an annual operating budget of $6 million to develop and execute strategic initiatives that establish Fayetteville as a premier destination. This role requires a visionary leader with expertise in destination marketing, economic development, and stakeholder engagement. The CEO will advocate for strategic tourism investments, champion sustainability efforts, and oversee the implementation of data-driven marketing and visitor experience strategies. Skills and Expertise of the Next CEO Strategic Leadership & Vision • Oversee and execute a comprehensive tourism strategy that aligns with Fayetteville’s community values and economic development goals. • Ensure sustainable tourism growth by balancing visitor attraction with quality-of-life enhancements for residents. • Advocate for investment in tourism-related infrastructure, including sports, meeting, and recreation facilities. • Foster innovation in destination marketing, leveraging data, technology, and emerging trends to drive visitation. Marketing & Brand Development • Lead destination marketing efforts to enhance Fayetteville’s reputation as a premier travel destination. • With the VP of Marketing and Communications oversee strategic advertising, public relations, and digital marketing campaigns that increase visitor spending and length of stay. • Develop partnerships with regional, national, and international tourism organizations to expand market reach. • Drive fresh, innovative, data-driven marketing campaigns that evolve with industry trends by leveraging the use of technology. • Enhance Fayetteville’s visibility and identity as a hub for outdoor recreation, arts and culture, live entertainment, and SEC sports. Community & Stakeholder Engagement • Serve as the public face of Experience Fayetteville, strengthening relationships with local businesses, government agencies, and community leaders and keeping them aware of the tourism industry and its impact on the Fayetteville community. • Serve as the official spokesperson for the organization. • Advocate and engage with hoteliers, restaurateurs, retailers, and attractions to align tourism initiatives with their needs on a regular basis. • Actively participate in city, regional, and state tourism discussions and legislative efforts affecting tourism funding and policies. • Maintain active involvement in the local community to enhance the visibility and reputation of Experience Fayetteville. • Advocate for responsible tourism development that supports entrepreneurs, artists, and local businesses. • Educate residents and businesses on scope of services provided by Experience Fayetteville along with how funding is utilized and the benefits gained through tourism. Organizational Leadership • Lead, inspire, and develop a team of 24 professionals, fostering a collaborative, high-performing workplace with a culture of accountability. • Implement best practices in governance, operational effectiveness, and organizational sustainability. Fiscal Management • Manage an annual operating budget of $6 million with transparency and accountability. • With the VP of Finance oversee financial planning, reporting, and compliance with public-sector funding requirements. • Understand complex budgeting with experience leading sizeable budgets with public funds. Venue Management & Event Planning • Experience or knowledge in the operation and management of venues and/or sports facilities. • Understand best practices for maximizing facility usage and ensuring smooth operations with financial accountability. • Collaborate with Experience Fayetteville partners in planning and executing conventions, trade shows, sporting events, group tours, and other related events. • Support their staff in organizing events that bring residents and tourists together, fostering local pride. • Ensure Fayetteville remains competitive with other cities by diversifying and attracting a mix of cultural, sports, and family-friendly events and festivals. Board Relations • Serve as the primary liaison between the Fayetteville Advertising and Promotion Commission and Experience Fayetteville, facilitating transparent communication and alignment with strategic goals. • Prepare and present comprehensive reports to the Fayetteville Advertising and Promotion Commission on the organization’s operational and financial status in partnership with the VP of Finance. • Keep commission members informed on regional and national programs that are applicable to the tourism in our community and region. • Facilitate Commission meetings with staff, ensuring effective decision-making and governance. • Improve regional & state partnerships to foster stronger collaboration with neighboring cities and state tourism boards. Qualifications & Experience The next CEO will bring 7–10 years of experience in senior-level leadership within organizations tied to tourism, destination marketing, convention and visitors’ bureaus, hospitality, or economic development. Ideally the candidate will be a current CEO or senior leader at an organization driving economic impact through tourism that is of comparable size, complexity, and funding structure in a premier leisure, sports, and/or events destination. Candidates who will be given preference have: • Proven leadership experience in destination marketing, tourism, hospitality, economic development, or a related field. • Demonstrated success in strategic planning, budget management, and organizational leadership. • Expertise in destination branding, visitor attraction strategies, and digital marketing. • Experience working with public-sector funding, tax-based revenue models, and government stakeholders. • Ability to relate positively with employees, clients, local and state hospitality partners, commission members, local community leaders, state officials and the general public. • Strong ability to build partnerships and engage with diverse stakeholders, including elected officials, business leaders, and community organizations. • Passion for Fayetteville’s unique culture, outdoor recreation, and community-driven hospitality. Education • Bachelor’s degree in marketing, business administration, hospitality management, public administration, or a related field (master’s degree preferred). • A Certificate in Destination Management (CDME) or equivalent industry certification is preferred. In the absence of this credential, a strong desire to achieve it at the earliest opportunity is the expectation of the commission of the chosen candidate. Salary Range Full-time salary range is $165,000-$200,000, commensurate with experience and qualifications Key Benefits A compensation package including health insurance, retirement, vehicle allowance, professional development and memberships, and a relocation package Experience Fayetteville is an EEO/AA employer that seeks to employ qualified persons without regard to race, color, religion, gender, national origin, age, sex, marital status, disability, veteran status, sexual orientation, gender identity or any other characteristic protected by law. We strive to ensure all employees a discrimination-free workplace and have a strong commitment to affirmative action and equal opportunities. We value and encourage diversity in our workforce. All applications are subject to potential public disclosure under the Arkansas Freedom of Information Act. Memo To: Fayetteville Advertising & Promotion Commissioners From: Jennifer Walker, Interim CEO, Fayetteville A & P Commission Date: February 10, 2025 Re: CEO Interview Schedule Background: Experience Fayetteville has engaged Winner Partners to lead the search for its next CEO. As part of this process, Winner Partners has developed a proposed timeline for candidate selection: • First Round Virtual Interviews with Search Committee – March 17 • Finalist In-Person Interviews with Commission – March 31 Finalist candidates will arrive on Sunday, March 30, with a Meet & Greet Reception at 4pm (Please note that this is the last day of spring break in Arkansas.) Requirements & Considerations: A special meeting is proposed for March 31, with finalist interviews conducted throughout the day and a Commission vote at the end of the date to select the final candidate. Due to upcoming changes in Commission seats on April 1, the current Commission would need to complete finalist interviews and make the selection on March 31. Recognizing the challenges posed by this time, the Search Committee seeks input from the Commission before formally committing to these dates. The Search Committee welcomes discussion and feedback from the Commission regarding the proposed timeline to ensure a smooth and effective selection process.