2019 Comprehensive Annual Financial Report (CAFR)

Schedule 17

Hotel/Motel Occupancy Tax Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2019

Variance Positive (Negative)

Final Budget

Actual

Revenues: Taxes:

Room Occupancy Tax

$

4,239,840

$ 4,684,823

$

444,983

Investment Income (Loss)

95,965

188,712

92,747

Miscellaneous: Donations and Contributions Total Miscellaneous

125,000 125,000

125,000 125,000

Appropriated Fund Balance

1,150

(1,150)

Total Revenues

4,336,955

4,998,535

661,580

Expenditures: Culture and Recreation:

(7) (216)

200,017 6,393 53,513

200,010 6,177 552,559

Rental of Land and Buildings Administration Miscellaneous Fees Debt Service: Principal Retirement Interest Fees and Other

499,046

358,065 104,774 (68,076)

970,000 1,750,370 538,076

1,328,065 1,855,144 470,000

Total Expenditures

4,411,955

3,518,369

893,586

Excess of Revenues Over (Under) Expenditures

(75,000)

1,480,166

1,555,166

Other Financing Sources (Uses): Debt Issuances: Limited Obligation BANs Issued Limited Obligation Bonds Issued Premium on Bonds Issued Proceeds from Refunding Bonds

(52,708,310) 26,760,000 1,379,663 (265,000) 26,119,753 (583,125) 702,981

566,690 26,760,000 1,379,663 5,335,000 (19,405,247) (13,858,125) 777,981

53,275,000

5,600,000 (45,525,000) (13,275,000) 75,000

Payments to Escrow Agent for Refunding of Debt Transfer Out-Coliseum Improvement Bond Fund 2015 Total Other Financing Sources (Uses)

Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing (Uses)

$

2,258,147

2,258,147

Fund Balance - July 1

6,708,558

6,708,558

Fund Balance - June 30

$ 8,966,705

$

8,966,705

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