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HomeMy WebLinkAboutDBCMinutes_2025_04_24 Advisory Board Meeting Minutes Thursday, April 24, 2025 @ 11:00 AM Dacotah Bank Center Present: Advisory Board Members: Nick Schmeichel, Melisa Yager, Elena McKeown, Jennifer Johnson, Jeff Holm, Kyleigh Cramer, Laura Schoen Carbonneau City of Brookings Staff: Paul Briseno, Kristen Zimmerman Dacotah Bank Center Staff: Ashley Biggar, Lisa Robinson, Cody Pohlen, Kayla Gullickson OVG Corporate Staff: Anna Rosburg Agenda Discussions: • Jeff called the meeting to order. • February minutes were approved. • Ashley provided strategic updates on Dacotah Bank Center operations and staffing. The Marketing Manager position remains frozen, with efforts focused on utilizing part-time staff and cross-training full-time staff to maintain operational efficiency. • Ashley reviewed recent and upcoming bookings. • Lisa and Ashley provided a financial overview for March 2025. The month-end variance to budget was -$29,182, primarily due to lower ticket sales and fewer bookings. Year-to- date variance to budget is -$49,723, with countermeasures including savings in indirects helping offset the gap. • Ashley reviewed the updated 2025 rolling forecast. The projected variance has improved to -$112K (from -$175K). Contributing factors include: • Continued staff and marketing freezes • Global partnerships revenue projections ($402K–$420K) • Ongoing cost-cutting strategies targeting only critical needs • Capital projects were reviewed: • Lighting and security upgrades have been completed • Window and chiller upgrades are nearing completion • Restroom renovations have moved into the contractor selection phase following RFP closure • Ashley provided a quick update on Partnerships & Community. • “Engagement in Action” was highlighted, with a mission of enhancing life through diverse, impactful events. Efforts continue on: • Event recruitment and revenue opportunities for meetings, weddings, galas, and facility partnerships. • Upcoming events: • Brookings Economic Summit: April 29, 2025 • CASA Fire & Ice Gala & Auction: May 9, 2025 • Cole Swindell: September 25, 2025 • Next meetings scheduled for May 28, 2025, at 3:00 PM and June 26, 2025, at 11:00 AM. • Jeff adjourned the meeting.