Sheridan County updates tourism agreement to two-year term with annual payment increase

In a recent study session held on July 14, 2025, the Sheridan City Council discussed significant updates to the agreement governing the operations of Sheridan County Travel and Tourism. This meeting highlighted the need for modifications to the existing contract, which is set to expire in June 2025, and proposed changes aimed at enhancing fiscal management and accountability.

The council proposed reducing the automatic renewal period of the agreement from five years to two years. This change is intended to allow for more frequent updates to the terms and procedures, reflecting the evolving needs of the city and the tourism sector. The new agreement will be valid through fiscal year 2027, with the possibility of renewal extending to 2029.

One of the key changes discussed was an increase in annual payments from Sheridan County Travel and Tourism to the city, rising from $40,000 to $60,000, with a 5% increase each fiscal year. This adjustment is seen as a positive step for the city’s financial management, ensuring that the city is compensated adequately for its accounting and payroll services provided to the tourism board.

Additionally, the council emphasized the importance of transparency and timely communication regarding financial practices. A new clause mandates that Sheridan County Travel and Tourism must inform the city of any changes in revenue sources or accounting practices within 15 days. This requirement aims to prevent unexpected financial discrepancies and facilitate smoother audit processes.

The meeting also touched on the operational autonomy of the tourism board, which manages its own employee oversight and travel approvals through its board rather than city officials. This structure allows for a degree of independence while still ensuring that the city’s accounting systems are utilized for financial transactions.

Overall, the discussions during the meeting underscored the city’s commitment to improving financial oversight and operational efficiency within the tourism sector. As the agreement approaches its renewal, these changes are expected to foster a more collaborative and transparent relationship between the city and the tourism board, ultimately benefiting the local economy and community. The council plans to continue refining these terms in the coming months, ensuring that all parties are aligned on expectations and responsibilities.