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Twin Cities Gateway CVB / <br />• MN Metro North Tourism 10.27.10 <br />• <br />• <br />FY11 SUMMARY BUDGET / OCTOBER 1, 2010 <br />BUDGET RESERVE / Beginning of FY11 / 01.01.11 <br />REVENUES AND OTHER INCOME SOURCES <br />Income Expenses Reserve % of Budget <br />Lodging Tax Receipts from 9 Cities 520,000 <br />Explore Minnesota Tourism Marketing Grant 10,000 <br />Revenue Total: 530,000 <br />69,000 <br />100% <br />FY11 OPERATING EXPENDITURES <br />Administrative & Overhead Expenses 90,000 <br />Other Miscellaneous Expenses 20,000 <br />City of Blaine (Fiscal Agent Services) 4,800 <br />Organizational Insurance 1,000 <br />Organizational Memberships 4,800 <br />Operating Expenditures Sub - Total: 120,600 23% <br />MARKETING EXPENDITURES <br />Website Updates / Hosting / Maintenance 10,000 <br />Regional Meetings & Conference Marketing 20,000 <br />Community Festivals & Events Grants 38,400 <br />Regional Marketing Grant Program 134,100 <br />Regional Marketing / Advertising / Promotion 176,900 <br />Marketing Expenditure Sub - Total: 379,400 72% <br />FY11 Revenue Over / Under Expenditures 30,000 5% <br />BUDGET RESERVE / End of FY11 / 12.31.10 99,000 <br />Anoka / Blaine / Coon Rapids / Fridley / Ham Lake / <br />Lino Lakes / Mounds View / New Brighton / Shoreview <br />