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HomeMy WebLinkAboutHotel Motel 2015 Preliminary Budget Narrative FU N D N O . 1 2 5 BU D G E T / P R O G R A M : H O T E L / M O T E L T A X F U N D MI S S I O N : Th i s l o d g i n g t a x i s r e c e i v e d f r o m t h e S t a t e fr o m a p o r t i o n ( 4 % ) o f t h e s a l e s t a x c o l l e c t ed f o r r o o m r e n t a l s r e p o r t e d i n t h e u n i nc o r p o r a t e d a r e a s o f J e f f e r s o n C o u n t y . Th e b u d g e t f o r u s e o f t h e s e f u n d s i s d e v e l o p e d b y t h e L o d g i n g T a x A d v i s o r y C o m m i t t e e f o r t h e C o u n t y . FU N D 1 2 5 : H O T E L - M O T E L DE P T 0 0 0 Ac c o u n t N u m b e r N a m e 20 1 2 Ac t u a l 20 1 3 Ac t u a l 20 1 4 Bu d g e t 20 1 4 Ac t u a l 06 / 3 0 / 1 4 2015 Department Request 12 5 0 0 0 0 1 0 . 2 9 2 1 0 . 0 0 . 0 0 0 0 R E V E N U E S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 3 0 8 0 0 . 0 0 . 0 0 0 0 E S T B E G I N N I N G F U N D B A L A N C E 0 0 0 0 4 5 9 4 2 4 12 5 0 0 0 0 1 0 . 3 1 3 30 . 0 0 . 0 0 0 0 M O T E L / H O T E L T R AN S I E N T T A X 2 73 1 9 0 2 9 4 7 1 2 2 9 1 0 00 1 0 6 8 1 1 2 9 1 0 0 0 12 5 0 0 0 0 1 0 . 3 6 1 1 1 . 0 0 . 0 0 0 0 I N V E S T M E N T I N T E R E S T 6 0 7 5 4 1 5 0 0 2 0 0 5 0 0 12 5 0 0 0 0 1 0 . 3 6 9 9 0 . 0 0 . 0 0 0 0 M I S C E L L A N E O U S R E V E N U E 0 0 0 0 0 Re v e n u e s To t a l R e v e n u e s 2 7 3 7 9 7 2 9 5 2 5 3 2 9 1 5 0 0 1 0 7 0 1 1 7 5 0 9 2 4 Ex p e n d i t u r e s 12 5 0 0 0 0 1 0 . 2 9 2 2 0 . 0 0 . 0 0 0 0 E X P E N D I T U R E S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 0 8 0 0 . 0 0 . 0 0 0 0 E N D I N G F U N D B A L A N C E 0 0 0 0 4 6 0 1 1 1 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 1 0 G A T E W A Y C E N T E R C O N S U L T A N T 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 1 1 G A T E W A Y C E N T E R U P G R A D E 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 2 0 F O R T W O R D E N P A R K I N G 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 4 0 J C H I S T O R I C A L S O C I E T Y 5 4 5 7 3 5 1 5 9 5 5 4 3 7 3 2 7 1 8 7 5 4 3 7 3 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 4 2 F O R K S C H A M B E R O F C O M M E R C E 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 5 1 R E G I O N A L P A R T N E R S H I P 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 5 2 P R O M O T I O N A L A C T I V I T I E S 8 8 5 7 8 8 5 4 9 0 8 5 8 0 0 3 2 2 1 9 8 5 8 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 5 7 S O C O U N T Y V I S I T O R C E N T E R E X P 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 6 0 Q U I L C E N E M U S E U M 9 5 1 0 8 4 2 0 8 4 2 0 4 2 1 0 8 4 2 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 6 2 Q U I L C E N E M U S E U M R E M O D E L 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 6 3 Q U I L C E N E / B R I N N O N D O L L A R S F O R S C H O L A R S 0 0 2 0 0 0 2 0 0 0 2 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 7 3 S P E C I A L P R O M O T I O N S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 7 9 N . H O O D C A N A L C H A M B E R & V I S I T O R C E N T E R 4 4 7 9 0 4 4 5 3 5 4 7 0 5 0 4 7 0 5 0 4 7 0 5 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 0 J C C H A M B E R O F C O M M E R C E 1 2 4 5 5 1 2 3 6 0 1 2 2 0 0 1 2 2 0 0 1 2 2 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 1 Q U I L C E N E / B R I N N O N C H A M B E R O F C O M M E R C E 0 0 0 0 0 FU N D N O . 1 2 5 BU D G E T / P R O G R A M : H O T E L / M O T E L T A X F U N D 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 2 P O R T H A D L O C K C H A M B E R O F C O M M E R C E 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 3 P O R T L U D L O W C H A M B E R O F C O M M E R C E 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 4 W E S T E N D C H A M B E R 3 5 6 6 7 2 3 1 9 0 2 3 1 2 0 2 3 1 2 0 2 3 1 2 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 5 G A T E W A Y C E N T E R 5 8 1 1 8 5 5 7 2 5 5 7 8 5 0 2 8 9 2 5 5 7 8 5 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 8 6 P O R T H A D L O C K D A Y S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 9 0 P T B I C Y C L E 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 0 9 9 C O S T A L L O C A T I O N F O R A D M I N I S T R A T I O N 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 1 9 9 0 . 4 1 . 0 1 0 0 C O N T I N G E N C Y 0 3 5 0 7 5 4 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 1 7 3 . 7 8 . 0 0 1 0 P R I N C I P A L - B A L L O O N H A N G A R L O A N 5 8 5 4 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 2 7 3 . 8 3 . 0 0 0 0 I N T E R E S T 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 4 1 9 . 6 1 . 0 0 1 0 G A T E W A Y C E N T E R L A N D P U R C H A S E 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 4 1 9 . 6 2 . 0 0 0 0 B U I L D I N G S & S T R U C T U R E S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 4 1 9 . 6 3 . 0 0 0 0 I M P R O V E M E N T S O T H E R T H A N B U I L D I N G S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 4 1 9 . 6 3 . 0 0 1 0 O T H E R I M P R O V E M E N T S 0 0 0 0 0 12 5 0 0 0 0 1 0 . 5 9 4 9 0 . 6 2 . 0 0 0 0 B U I L D I N G S 0 0 0 0 0 To t a l E x p e n d i t u r e s 3 0 9 5 4 5 2 8 4 8 2 2 2 9 6 2 1 3 1 7 6 9 1 1 7 5 0 9 2 4 To t a l s -3 5 7 4 8 1 0 4 3 1 - 4 7 1 3 - 6 9 9 0 0 0 GO A L S F O R F Y 2 0 1 5 : Ge n e r a t e o r s u p p o r t t h e g e n e r a t i o n o f a d d i t i o n a l o v e r n i g h t v i s it o r d a y s a n d b o l s t e r t h e t o u r i s m e c o n o m y i n J e f f e r s o n C o u n t y . SU M M A R Y O F K E Y F U N D I N G / S E R V I C E I S S U E S : Fu n d i n g l e v e l s g e n e r a t e d b y t h i s t a x a r e s u b j e c t t o t h e e c o n o m i c c o n d i t i o n s i n t h e n a t i o n , S t a t e a n d O l y m p i c P e n i n s u l a .