FY2016-17 Budget Final

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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