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ADOPTED | BUDGET

Promotional Fund

The Promotional Fund accounts for the use of the city’s hotel occupancy tax revenue. Hotel
occupancy tax revenues are used primarily to attract tourists, new businesses to the city and for the
promotion of city arts and related events. The city’s hotel occupancy tax rate is 7%.

Promotional Fund FY 2021/2022 Revised Budget

Revenues / Resources

The revised revenues for FY 2021/2022 are $286,295. This is ($769) below the FY 2021/2022
Adopted Budget. Below are the revenue highlights.

 ($1,769) decrease in Interest Income based on cash on hand that is available for investing.
 $1,000 increase in Appropriation of Fund Balance for the annual encumbrance roll.

Expenditures

The revised expenditures for FY 2021/2022 are $286,295. This is $769 above the FY 2021/2022
Adopted Budget. Below are the expenditure highlights.

 $1,000 increase to Cultural & Leisure resulting from additional expenses for the city’s
concert series.

Balance

The revised budget for FY 2021/2022 reflects an ending balance of $0.

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