COG Comprehensive Annual Financial Report

Schedule 21

Hotel/Motel Occupancy Tax Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2018

Variance Positive (Negative)

Final Budget

Actual

Revenues: Taxes:

Room Occupancy Tax

$

4,226,080

$

4,240,379

$

14,299

Investment Income

51,000

37,901

(13,099)

Appropriated Fund Balance

4,500

(4,500)

Total Revenues

4,281,580

4,278,280

(3,300)

Expenditures: Culture and Recreation:

(2) (193)

200,012 6,209 51,228

200,010 6,016 255,586

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

204,358

1,177,424 291,927 8,400

935,000 1,400,617 6,600

2,112,424 1,692,544 15,000

Total Expenditures

4,281,580

2,599,666

1,681,914

Excess of Revenues Over Expenditures

1,678,614

1,678,614

Other Financing Sources (Uses): Debt Issuances: Proceeds of Capitalized Leases Transfer Out-Coliseum Improvement Bond Fund 2015 Total Other Financing Sources (Uses)

8,000,000 (8,000,000)

2,360,900 (2,360,900)

(5,639,100) 5,639,100

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

$

1,678,614

1,678,614

Fund Balance - July 1

5,029,944

5,029,944

Fund Balance - June 30

$ 6,708,558

$

6,708,558

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