Page 156 - Approved Annual Budget FY 2019-2020_Flat
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City of McAllen, Texas
Venue Tax Fund
Working Capital Summary
Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
BEGINNING FUND BALANCE $ 73,139 $ 194,669 $ 221,939 $ 320,362
Hotel Taxes 1,057,564 1,067,280 1,165,703 1,189,836
Penalty & Interest 6,045 - - -
Short term rentals 668 - - -
Total Sources 1,064,277 1,067,280 1,165,703 1,189,836
TOTAL RESOURCES $ 1,137,416 $ 1,261,949 $ 1,387,642 $ 1,510,198
APPROPRIATIONS
Other Financing Sources (Uses):
Transfers Out -
Debt Service Fund 857,731 857,819 857,819 858,938
Performing Arts Center Fund 57,745 209,461 209,461 330,898
Total Other Sources 915,476 1,067,280 1,067,280 1,189,836
TOTAL APPROPRIATIONS 915,476 1,067,280 1,067,280 1,189,836
Revenues over/(under) Expenditures 148,801 - 98,423 -
ENDING FUND BALANCE $ 221,939 $ 194,669 $ 320,362 $ 320,362
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