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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
Final
Positive
Budget
Actual
(Negative)
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
200,011
(11)
Administration
5,492
5,745
(253)
Miscellaneous Fees
17,800
5,150
12,650
Debt Service:
Principal Retirement
2,302,160
870,000
1,432,160
Interest
1,283,237
1,258,222
25,015
Fees and Other
53,135
58,749
(5,614)
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
1,057,318
(18,942,682)
Transfers Out
(20,000,000)
(1,057,318)
18,942,682
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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