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F I S C A L I M P A C T R E P O R T

SPONSOR Rodella

ORIGINAL DATE

LAST UPDATED

2/22/07

HB 1240

SHORT TITLE ESPANOLA FIESTA

SB

ANALYST Propst

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY07

FY08

$100.0

Recurring

General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Department of Finance and Administration (DFA)

SUMMARY

Synopsis of Bill

House Bill 1240 proposes $100.0 from the General Fund to the Local Government Division of

the Department of Finance and Administration (DFA/LGD) to plan, promote and conduct the

Espanola Fiesta.

FISCAL IMPLICATIONS

The appropriation of $100.0 contained in this bill is a recurring expense to the General Fund.

Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to the

General Fund.

SIGNIFICANT ISSUES

DFA reports that the Espanola Fiesta has been a tradition since the mid 1960's. The Fiesta

focuses on the history of the area and the blending of cultures with Spanish and Native

Americans. The Fiesta will be held on the second weekend in July.

The funding will help pay for advertising in local and surrounding area newspapers, radio spots,

House Bill 1240 – Page

2

a brochure with a schedule of events for the fiesta as well as entertainers, and traveling expenses

for the council members. The appropriation will also pay for horses, uniforms, parade expenses,

decorations, banners, and facility rentals that host the fiesta dances.

In 2006 it is estimated that the cost for promoting the fiesta was $75.0. The Fiesta attracts

approximately 3,000 to 5,000 tourists which in turn will bring in additional revenue to the City.

ADMINISTRATIVE IMPLICATIONS

DFA/LGD will enter into a contract with the City of Espanola as the fiscal agent for the

Espanola Fiesta Corporation, a 501(c) (3) corporation. The Division will ensure the expenditures

are made in strict accordance with the legislative intent.

WEP/mt