CAFR 2017

Schedule 23

Hotel/Motel Occupancy Tax Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2017

Variance Positive (Negative)

Final

Budget

Actual

Revenues: Taxes:

Room Occupancy Tax

$

4,143,220

4,075,208 $

$

(68,012)

Investment Income

32,000

29,579

(2,421)

Appropriated Fund Balance

4,800

(4,800)

Total Revenues

4,180,020

4,104,787

(75,233)

Expenditures: Culture and Recreation:

Rental of Land and Buildings

200,010 5,798 53,312

200,012 5,972 45,252

(2)

Administration

(174)

Miscellaneous Fees

8,060

Debt Service:

Principal Retirement

2,452,356 1,303,544 165,000

900,000 1,286,804

1,552,356 16,740 158,400

Interest

Fees and Other

6,600

Total Expenditures

4,180,020

2,444,640

1,735,380

Excess of Revenues Over Expenditures

1,660,147

1,660,147

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

11,600,000 (11,600,000)

10,265,798 (10,265,798)

(1,334,202) 1,334,202

Transfers Out

Total Other Financing Sources (Uses)

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

$

1,660,147

1,660,147

Fund Balance - July 1

3,369,797

3,369,797

Fund Balance - June 30

5,029,944 $

$

5,029,944

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