Page 101 - City of Bedford FY21 Budget
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CITY OF BEDFORD
SUMMARY OF REVENUE AND EXPENDITURES
TOURISM FUND
FISCAL YEAR 2020-2021
BASE SUPP. TOTAL
ACTUAL PROJECTED BUDGET FUNDING BUDGET
18-19 19-20 20-21 20-21 20-21
BEGINNING BALANCE $ 543,344 $ 142,760 $ 303,123 $ 303,123
REVENUE
HOTEL OCCUPANCY TAX $ 1,022,188 $ 925,027 $ 1,000,000 $ - $ 1,000,000
INTEREST 7,268 3,141 3,000 - 3,000
OLD BEDFORD SCHOOL - - - - -
MISCELLANEOUS 3,554 1,275 5,000 - 5,000
BLUES FESTIVAL 263,607 2,550 283,750 - 283,750
FOURTH FESTIVAL 30,460 336 - - -
TRANSFERS IN - - - - -
TOTAL REVENUE $ 1,327,078 $ 932,329 $ 1,291,750 $ - $ 1,291,750
EXPENDITURES
TOURISM DEVELOPMENT $ 279,065 $ 411,392 $ 513,274 $ 103,229 $ 616,503
OLD BEDFORD SCHOOL 641,037 246,602 158,273 2,794 161,067
MARKETING 163,224 - - - -
BLUES FESTIVAL 524,918 111,062 471,000 - 471,000
FOURTH FESTIVAL 119,418 2,910 - - -
TOTAL EXPENDITURES $ 1,727,662 $ 771,966 $ 1,142,547 $ 106,023 $ 1,248,570
ENDING BALANCE $ 142,760 $ 303,123 $ 346,302
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