Page 154 - Grapevine Budget FY21

FY 2020-21 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CONVENTION AND LEISURE INCENTIVES FUND

2017-18 2018-19 2019-20 2019-20 2020-21
Actual Actual Budget Estimate Approved
BEGINNING FUND BALANCE: 10,774,995 13,131,802 13,706,975 13,706,975 5,040,707
OPERATING REVENUE:
Occupancy Taxes - Gaylord 1,962,405 2,242,812 2,106,352 1,263,508 1,534,054
Occupancy Taxes - Great Wolf 499,584 - - - -
Occupancy Taxes - All (1%) 2,836,114 2,965,201 2,814,858 1,674,203 2,050,059
Interest Income 186,823 79,413 75,000 48,785 50,000
Miscellaneous (5,750) 3,440 - 27,407 75,000

Total Operating Revenue 5,479,177 5,290,865 4,996,210 3,013,903 3,709,113
TRANSFERS IN: - - - - -
TOTAL REVENUE AND TRANSFERS 5,479,177 5,290,865 4,996,210 3,013,903 3,709,113
OPERATING EXPENDITURES:
Personnel - - - - -
Supplies 100,263 101,199 100,000 - 60,000

Services 3,022,107 4,614,493 4,896,210 3,180,171 4,656,651
Total Operating Expenditures 3,122,370 4,715,692 4,996,210 3,180,171 4,716,651
TRANSFERS OUT: - - - 8,500,000 -
TOTAL EXPENDITURES AND TRANSFERS 3,122,370 4,715,692 4,996,210 11,680,171 4,716,651

SURPLUS / (DEFICIT) 2,356,807 575,173 - (8,666,268) (1,007,538)
ENDING FUND BALANCE: 13,131,802 13,706,975 13,706,975 5,040,707 4,033,169

RESERVES:
Reserved for Incentive Packages 4,700,000 4,700,000 4,700,000 4,700,000 4,033,169
Total Reserves 4,700,000 4,700,000 4,700,000 4,700,000 4,033,169

UNRESERVED FUND BALANCE 8,431,802 9,006,975 9,006,975 340,707 0

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