Page 101 - City of Bedford FY20 Approved Budget

CITY OF BEDFORD
SUMMARY OF REVENUE AND EXPENDITURES
TOURISM FUND
FISCAL YEAR 2019-2020

BASE SUPP. TOTAL
ACTUAL PROJECTED BUDGET FUNDING BUDGET
17-18 18-19 19-20 19-20 19-20

BEGINNING BALANCE $ 675,236 $ 543,445 $ 36,152 $ 36,152
REVENUE

HOTEL OCCUPANCY TAX $ 954,751 $ 900,000 $ 900,000 $ - $ 900,000
INTEREST 11,003 10,075 8,000 - 8,000
OLD BEDFORD SCHOOL - - 107,150 - 107,150
MISCELLANEOUS 13,219 8,202 5,000 - 5,000
BLUES FESTIVAL 307,065 245,650 257,750 - 257,750
FOURTH FESTIVAL 30,630 35,800 32,500 - 32,500
TRANSFERS IN - - - - -
TOTAL REVENUE $ 1,316,668 $ 1,199,727 $ 1,310,400 $ - $ 1,310,400

EXPENDITURES

TOURISM DEVELOPMENT $ 358,960 $ 283,190 $ 484,430 $ - $ 484,430
OLD BEDFORD SCHOOL 356,108 628,021 199,784 - 199,784
MARKETING 140,713 170,909 - - -
BLUES FESTIVAL 469,395 484,100 475,500 - 475,500
FOURTH FESTIVAL 123,283 140,800 137,800 - 137,800
TOTAL EXPENDITURES $ 1,448,459 $ 1,707,020 $ 1,297,514 $ - $ 1,297,514

ENDING BALANCE $ 543,445 $ 36,152 $ 49,037

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