CITY OF DESOTO
HOTEL OCCUPANCY TAX FUND 221 FUND
SUMMARY
Actuals FY Budget FY Projected FY Proposed FY Planning FY
LINE ITEMS 2018 FUND BALANCE-BEGINNING $1,034,694 $1,339,552 $1,339,552 $1,606,654 $1,490,899 2015 2016 2016 2017
REVENUES HOTEL OCCUPANCY TAX FUND
$840,967
$700,000
$940,000 $14,800
$725,000
$725,000
CHARGES FOR SERVICES
$7,109 $4,087
$4,700 $1,500
$4,700 $1,500
$4,700 $1,500
INTEREST
$3,970
TOTAL REVENUES
$852,163
$706,200
$958,770
$731,200
$731,200
TOTAL AVAILABLE RESOURCES
$1,886,858 $2,045,752 $2,298,322 $2,337,854 $2,222,099
EXPENDITURES PERSONNEL
$0
$4,623
$4,420
$14,623 $663,357
$14,623 $611,277
SERVICES & PROFESSIONAL FEES
$405,142
$586,562 $550,000
$524,366 $22,275
CAPITAL OUTLAY CAPITAL OUTLAY
$0
$0 $0
$0 $0
$133
$0
$0
TRANSFERS
$142,030
$140,607
$140,607 $691,668
$168,975 $846,955
$137,049 $762,949
OPERATING EXPENDITURES
$547,306 $1,281,792
TOTAL EXPENDITURES
$547,306 $1,281,792
$691,668
$846,955
$762,949
FUND BALANCE - ENDING $1,339,552
$763,960 $1,606,654 $1,490,899 $1,459,150
$213,041 $1,126,511
$176,550 $587,410
$239,693 $1,366,961
$182,800 $1,308,099
$182,800 $1,276,350
Reserve Requirement - 25%*Proj. Rev. Amount over/(under) Reserve Requirement
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