Page 163 - Grapevine FY22 Adopted Budget v2

FY 2021-22 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CONVENTION AND LEISURE INCENTIVES FUND

2018-19 2019-20 2020-21 2020-21 2021-22
Actual Actual Budget Estimate Approved

BEGINNING FUND BALANCE: 13,131,802 13,706,976 5,041,388 5,041,388 4,233,395
OPERATING REVENUE:
Occupancy Taxes - Gaylord 2,242,812 1,263,508 1,534,054 1,093,629 1,563,413

Occupancy Taxes - All (1%) 2,965,201 1,674,203 2,050,059 1,631,105 2,089,286

Interest Income 79,413 49,465 50,000 3,500 5,000

Miscellaneous 3,440 27,407 75,000 35,794 75,000

Total Operating Revenue 5,290,866 3,014,583 3,709,113 2,764,028 3,732,699
TRANSFERS IN: - - - - -

TOTAL REVENUE AND TRANSFERS 5,290,866 3,014,583 3,709,113 2,764,028 3,732,699

OPERATING EXPENDITURES:
Personnel - - - -
Supplies 101,199 - 60,000 - 100,000
Services 4,614,493 3,180,171 4,656,651 3,572,021 4,100,690

Total Operating Expenditures 4,715,692 3,180,171 4,716,651 3,572,021 4,200,690

TRANSFERS OUT: - 8,500,000 - - -
TOTAL EXPENDITURES AND TRANSFERS 4,715,692 11,680,171 4,716,651 3,572,021 4,200,690

SURPLUS / (DEFICIT) 575,174 (8,665,588) (1,007,538) (807,993) (467,991)

ENDING FUND BALANCE: 13,706,976 5,041,388 4,033,850 4,233,395 3,765,404

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