Page 110 - Microsoft Word - Budget FY 19

CITY OF FOREST HILL

CITY OF FOREST HILL
MOTEL TAX FUND (10)
SUMMARY OF REVENUES, EXPENDITURES, OTHER FINANCING SOURCES AND USES, AND
CHANGES IN FUND BALANCE
FY 2018-2019

ADOPTED
ACTUAL BUDGET ESTIMATE BUDGET
2016-17 2017-18 2017-18 2018-19
REVENUES
MOTEL TAXES $ 462,973 $ 460,000 $ 430,614 $ 475,000
INTEREST INCOME 3,485 1,500 11,600 7,400
MISCELLANEOUS REVENUE - 100 10 -
TOTAL REVENUES 466,458 461,600 442,224 482,400

EXPENDITURES
MEMORIAL PARK IMPROVEMENTS - 1,000 - 1,000
BUILDING & GROUNDS - 100 - 100
PUBLIC RELATIONS - 100 - 100
DUE TO FUND BALANCE - - - -
RECREATION CENTER - - - -
ADMIN CHARGES TO GENERAL FUND - - - 63,649
DUE TO GENERAL FUND CIVIC CENTER - - - -
TOTAL EXPENDITURES - 1,200 - 64,849

EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES 466,458 460,400 442,224 417,551

OTHER FINANCING SOURCES (USES)
INTERFUND TRANSFERS - - - -

NET TOTAL OTHER FINANCING SOURCES (USES) - - - -

EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES FOR FISCAL YEAR ENDED 466,458 460,400 442,224 417,551

ACCRUAL ADJUSTMENT FOR GAAP
BEGINNING UNRESERVED FUND BALANCE, OCTOBER 1 1,605,240 2,071,698 2,071,698 2,576,854
ENDING UNRESERVED FUND BALANCE, SEPTEMBER 30 $ 2,071,698 $ 2,532,098 $ 2,576,854 $ 2,994,405

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