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CABARRUS COUNTY TOURISMAUTHORITY Schedule 1
<br /> d/b/a Cabarrus County Convention and Visitors Bureau
<br /> STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE-
<br /> BUDGET AND ACTUAL- GENERAL FUND
<br /> Year Ended June 30, 2016
<br /> Variances
<br /> Original Positive
<br /> Budget Final Budget Actual (Negative)
<br /> Revenues:
<br /> Occupancy Tax $ 4,793,407 $ 4,793,407 $ 5,343,668 $ 550,261
<br /> Advertising revenues 25,000 25,000 36,280 11,280
<br /> Items for resale 3,275 3,275 7,127 3,852
<br /> Miscellaneous revenue - - 11,661 11,661
<br /> Interest on investments 3,300 3,300 3,202 (98)
<br /> Fund Balance appropriated - 77,721 - (77,721)
<br /> Total revenues 4,824,982 4,902,703 5,401,938 499,235
<br /> Expenditures:
<br /> Economic and physical development:
<br /> Salaries and employee benefits 1,449,878 1,449,878 1,353,259 96,619
<br /> Administration 664,430 664,430 606,601 57,829
<br /> Advertising 704,915 694,915 595,762 99,153
<br /> Events 130,500 140,500 133,695 6,805
<br /> Agreements 994,775 994,775 980,003 14,772
<br /> Sales and Marketing 880,484 958,205 893,008 65,197
<br /> Total expenditures 4,824,982 4,902,703 4,562,328 340,375
<br /> Revenues over(under)expenditures - - 839,610 839,610
<br /> Other Financing Sources (Uses)
<br /> Transfer from(to)other funds - - - -
<br /> Total other financing sources(uses) - - - -
<br /> Expenditures and other uses
<br /> over revenues and other sources $ - $ - 839,610 $ 839,610
<br /> Fund balance, beginning of year-as restated 2,560,717
<br /> Fund balance, end of year $ 3,400,327
<br /> The accompanying notes are an integral part of this statement.
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<br /> Attachment number 1 \n
<br /> 1-5 Page 173
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