2025 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, 2025

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Room Occupancy Tax

$

6,406,860

$ 6,234,806

$

(172,054)

Investment Income (Loss)

213,410

314,301

100,891

Miscellaneous:

Donations and Contributions

215,000

215,000

Appropriated Fund Balance

506,991

(506,991)

Total Revenues

7,342,261

6,764,107

(578,154)

Expenditures:

Culture and Recreation: Rental of Land and Buildings

200,015 7,496 75,101

200,030 7,816 67,816

(15) (320)

Administration Miscellaneous Fees Principal Maturities Interest Expense

7,285

Debt Service:

5,210,124 1,341,813

2,535,000 1,341,814

2,675,124

(1)

Fees and Other

7,712

8,250

(538)

Total Expenditures

6,842,261

4,160,726

2,681,535

Excess of Revenues Over Expenditures

500,000

2,603,381

2,103,381

Other Financing Uses: Transfer Out - Coliseum Bond Fund Excess of Revenues Over Expenditures and Other Financing Uses

(500,000)

(500,000)

$

2,103,381

2,103,381

Fund Balance - July 1

5,447,975

5,447,975

Fund Balance - June 30

$ 7,551,356

$

7,551,356

-78