Page 196 - Grapevine FY20 Approved Budget

FY 2019-20 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CONVENTION & VISITORS BUREAU INCENTIVES FUND

2016-17 2017-18 2018-19 2018-19 2019-20
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 8,972,384 10,774,995 13,131,802 13,131,802 12,918,812

OPERATING REVENUE:
Occupancy Taxes - Gaylord 1,785,994 1,962,405 2,018,454 1,891,423 2,106,352
Occupancy Taxes - Great Wolf 480,018 499,584 472,578 368,934 0
Occupancy Taxes - All (1%) 2,685,808 2,836,114 2,720,549 1,224,361 2,814,858
Interest Income 98,846 186,823 75,000 71,388 75,000
Miscellaneous (5,640) (5,750) 0 0 0
Total Operating Revenue 5,045,026 5,479,177 5,286,581 3,556,106 4,996,210

TRANSFERS IN: 0 0 0 0 0

TOTAL REVENUE AND TRANSFERS 5,045,026 5,479,177 5,286,581 3,556,106 4,996,210

OPERATING EXPENDITURES:
Personnel 4,388 0 0 0 0
Supplies 99,075 100,263 100,000 101,199 100,000
Services 3,138,951 3,022,107 5,186,581 3,667,896 4,896,210
Total Operating Expenditures 3,242,414 3,122,370 5,286,581 3,769,095 4,996,210
TRANSFERS OUT: 0 0 0 0 0

TOTAL EXPENDITURES AND TRANSFERS 3,242,414 3,122,370 5,286,581 3,769,095 4,996,210

SURPLUS / (DEFICIT) 1,802,611 2,356,807 0 (212,989) 0

ENDING FUND BALANCE: 10,774,995 13,131,802 13,131,802 12,918,812 12,918,812

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