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5/14/2014
<br /> Transient Lodging (Bed) Tax
<br /> FY14 FY16
<br /> Budget Pro acted
<br /> Beginning Balance $ 226,499 $128,347
<br /> Revenues
<br /> Bed Tax Revenues(3%levy) $ 601,500 $632,000
<br /> Expenditures
<br /> Marketing and Promotion $ 290,000 $290,000
<br /> Contingency 45,655 112,847
<br /> Signature Events 26,670 30,000
<br /> Whiskey Off Road 30,000 30,000
<br /> Community Events 3,675 10,000
<br /> Support for the Ms 35,000 35,000
<br /> Tournaments 30,000 30,000
<br /> Courthouse Lighting 30,000 30,000
<br /> Parks Tourism Venues/Amenities 30,000 30,000
<br /> Phippen Museum 15,000 15,000
<br /> Smoki Museum 15,000 15,000
<br /> Sharlot Hall Museum 25,000 25,000
<br /> Special Events Overtime 25,000 25,000
<br /> PDP Contract 20,000 20,000
<br /> Prescott Frontier Days Rodeo 20,000 20,000
<br /> Parking Garage 20,000 20,000
<br /> Prescott Creeks Match 12,500 12,500
<br /> Open Space Management 10,000 10,000
<br /> Total Expenditures $ 683.500 $760,347
<br /> Ending Balance $ 144,499 $ -
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<br /> Tourism - An Enhanced Approach
<br /> U The FY15 Budget continues funding for enhancing sales to
<br /> a variety of markets through a full-time Sales Manager
<br /> U Focus on marketing to increase interest in leisure and
<br /> group market sales during target expansion periods (mid-
<br /> week and off-season), attract conferences, meetings,
<br /> scheduled group tours, and independent (fly/drive) tour
<br /> programs
<br /> ❑ Alleviating pressure on the General Fund by reducing
<br /> financial support to Tourism ($632,000 for FY15) from this
<br /> source is a continuing goal
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