Page 155 - Budget Book FY2020-2021
P. 155
City of McAllen, Texas
Venue Tax Fund
Working Capital Summary
Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21
BEGINNING FUND BALANCE $ 221,939 $ 320,362 $ 334,670 $ 122,743
Hotel Taxes 1,169,747 1,189,836 647,011 735,995
Penalty & Interest 10,186 - - -
Short term rentals 896 - - -
Total Sources 1,180,829 1,189,836 647,011 735,995
TOTAL RESOURCES $ 1,402,768 $ 1,510,198 $ 981,681 $ 858,738
APPROPRIATIONS
Other Financing Sources (Uses):
Transfers Out -
Debt Service Fund 858,637 858,938 858,938 858,738
Performing Arts Center Fund 209,461 330,898 - -
Total Other Sources 1,068,098 1,189,836 858,938 858,738
TOTAL APPROPRIATIONS 1,068,098 1,189,836 858,938 858,738
Revenues over/(under) Expenditures 112,731 - (211,927) (122,743)
ENDING FUND BALANCE $ 334,670 $ 320,362 $ 122,743 $ -
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