Page 156 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
Special Revenue Funds

Occupancy Tax Fund - Schedule of Revenues, Expenditures,
and Changes in Fund Balance – Budget and Actual
For the Fiscal Year Ended June 30, 2018 Exhibit 33

Variance
Positive
Budget Actual (Negative)
Revenues
Taxes $ 747,500 $ 842,962 $ 95,462
Investment income - 6,142 6,142
Other - 105 105
Total revenues 747,500 849,209 101,709
Expenditures
Culture and recreation 582,299 537,573 44,726
Excess of revenues over expenditures 165,201 311,636 146,435
Other Financing Uses
Transfers out
Grants fund (50,000) (50,000) -
Public assembly facilities management fund (357,770) (357,770) -
Total other financing uses (407,770) (407,770) -
Excess of revenues over (under)
expenditures and other uses (242,569) (96,134) 146,435
Fund balance - beginning 448,400 448,400 -
Fund balance - ending $ 205,831 $ 352,266 $ 146,435

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