The Reno-Sparks Convention & Visitors Authority (RSCVA) announced Monday it is projecting a budget deficit of approximately $3 million for Fiscal Year 2011-2012, as a result of the continued recession in both the national and local economy. No additional cuts to staff is being considered at this time.
The RSCVA’s responsibility to adhere to budgetary constraints makes it necessary to reduce expenses of both operational and personnel resources. Approximately 67 percent of the proposed budget cuts are from operational reductions, and 33 percent have come from staff reductions and proposed employee furloughs.
To date, nine full-time positions have been impacted, one of which was an open position that will not be filled. Those employees have been notified that their positions will be eliminated as of today. The RSCVA is offering severance packages to affected employees.
“The decision to reduce staff is always a difficult one,” said RSCVA Interim President and CEO Joe Kelley. “Facing the projected shortfall for the upcoming budget, it’s an unfortunate but necessary action. The proposed budget cuts will maintain the RSCVA’s current operations, and will allow the organization to continue its focus on bringing new tourism and convention business to the region.”
In addition, the RSCVA is proposing to extend the mandatory furlough, affecting all full-time employees, to a total of 12 days throughout Fiscal Year 2011-2012. A mandatory one-week furlough has been in effect for all full-time RSCVA employees since the Fiscal Year 2008-2009. The RSCVA will continue with regularly scheduled events at public facilities and maintain normal hours at Wildcreek Golf Course during any and all employee furlough days.
The RSCVA’s operating budget for the current fiscal year (2010-2011) is $33,053,461, down from a recent high of $45,793,504 in Fiscal Year 2008-2009.
The RSCVA Board of Directors will address the projected budget shortfall during a workshop in April, and is scheduled to vote on a proposed budget at its May 19, 2011 meeting.
As of the time of this release, additional staff cuts are not being pursued.