Page 139 - Grapevine FY19 Operating Budget

FY 2018-19 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CONVENTION & VISITORS BUREAU INCENTIVES FUND

2015-16 2016-17 2017-18 2017-18 2018-19
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 6,369,328 8,979,950 10,782,562 10,782,562 10,638,618

OPERATING REVENUE:
Occupancy Taxes - Gaylord 1,836,192 1,785,994 1,681,294 1,962,405 2,018,454
Occupancy Taxes - Great Wolf 463,653 480,018 466,830 298,303 472,578
Occupancy Taxes - All (1%) 2,709,112 2,685,808 2,530,582 2,143,505 2,720,549
Interest Income 39,781 98,846 60,000 186,823 75,000
Miscellaneous 14,366 (5,640) 0 (5,750) 0
Total Operating Revenue 5,063,105 5,045,026 4,738,706 4,585,286 5,286,581

TRANSFERS IN: 0 0 0 0 0

TOTAL REVENUE AND TRANSFERS 5,063,105 5,045,026 4,738,706 4,585,286 5,286,581

OPERATING EXPENDITURES:
Personnel 0 4,388 0 0 0
Supplies 23,836 99,075 100,000 99,800 100,000
Services 2,428,647 3,138,951 4,638,706 4,629,429 5,186,581
Total Operating Expenditures 2,452,482 3,242,414 4,738,706 4,729,229 5,286,581
TRANSFERS OUT: 0 0 0 0 0

TOTAL EXPENDITURES AND TRANSFERS 2,452,482 3,242,414 4,738,706 4,729,229 5,286,581

SURPLUS / (DEFICIT) 2,610,622 1,802,611 0 (143,943) 0

ENDING FUND BALANCE: 8,979,950 10,782,562 10,782,562 10,638,618 10,638,618

RESERVES:
Reserved for Incentive Packages 4,700,000 4,700,000 4,700,000 4,700,000 4,700,000
Total Reserves 4,700,000 4,700,000 4,700,000 4,700,000 4,700,000

UNRESERVED FUND BALANCE 4,279,950 6,082,562 6,082,562 5,938,618 5,938,618

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