CAFR 2016

Schedule 18

Hotel/Motel Occupancy Tax Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2016

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Room Occupancy Tax

$

3,812,020

3,905,980 $

$

93,960

Investment Income

44,004

15,677

(28,327)

Appropriated Fund Balance

5,800

(5,800)

Total Revenues

3,861,824

3,921,657

59,833

Expenditures: Culture and Recreation:

Rental of Land and Buildings

200,000 5,492 17,800

200,011

(11)

Administration

5,745 5,150

(253)

Miscellaneous Fees

12,650

Debt Service:

Principal Retirement

2,302,160 1,283,237

870,000 1,258,222

1,432,160

Interest

25,015 (5,614)

Fees and Other

53,135

58,749

Total Expenditures

3,861,824

2,397,877

1,463,947

Excess of Revenues Over Expenditures

1,523,780

1,523,780

Other Financing Sources (Uses): Debt Issuances: Limited Obligation BAN

20,000,000 (20,000,000)

1,057,318 (1,057,318)

(18,942,682) 18,942,682

Transfers Out

Total Other Financing Sources (Uses)

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

$

1,523,780

1,523,780

Fund Balance - July 1

1,846,017

1,846,017

Fund Balance - June 30

3,369,797 $

$

3,369,797

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