2023 Annual Comprehensive Report

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, 2023

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Room Occupancy Tax

$

4,875,000

$ 5,867,088

$

992,088

Investment Income (Loss)

19,400

59,188

39,788

Miscellaneous:

Donations and Contributions

285,000 285,000

295,000 295,000

10,000 10,000

Total Miscellaneous

Appropriated Fund Balance

5,079

(5,079)

Total Revenues

5,184,479

6,221,276

1,036,797

Expenditures:

Culture and Recreation: Rental of Land and Buildings

200,015 6,579 56,677

180,022 6,988 65,554

19,993

Administration Miscellaneous Fees Principal Maturities Interest Expense

(409)

(8,877)

Debt Service:

3,478,888 1,436,358

2,435,000 1,436,358

1,043,888

Fees and Other

5,962

11,900

(5,938)

Total Expenditures

5,184,479

4,135,822

1,048,657

Excess of Revenues Over Expenditures

$

2,085,454

2,085,454

Fund Balance - July 1

4,969,415

4,969,415

Fund Balance - June 30

$ 7,054,869

$

7,054,869

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