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<br />MN METRO NORTH TOURISM
<br />2012 SUMMARY BUDGET
<br />• •
<br />Approved
<br />2010
<br />Budget
<br />2010
<br />Actual
<br />2011
<br />Revised
<br />Budget
<br />2011
<br />Projected
<br />2012
<br />Approved
<br />Budget
<br />FUND RESERVE AT BEGINNING OF YEAR
<br />$ -
<br />$ -
<br />$ 255,461
<br />$ 255,461
<br />$ 317,992
<br />REVENUES AND OTHER SOURCES
<br />Lodging Taxes
<br />$ 420,000
<br />$ 588,633
<br />$ 612,000
<br />$ 618,000
<br />$ 625,000
<br />Grants
<br />-
<br />-
<br />9,000
<br />9,000
<br />-
<br />Investment income
<br />-
<br />79
<br />-
<br />200
<br />200
<br />Other
<br />-
<br />-
<br />-
<br />-
<br />-
<br />420,000
<br />588,712
<br />621,000
<br />627,200
<br />625,200
<br />OPERATING EXPENDITURES
<br />Management contract
<br />51,000
<br />50,755
<br />90,000
<br />86,350
<br />90,000
<br />Other administrative costs
<br />1,000
<br />1,349
<br />30,000
<br />12,340
<br />30,000
<br />Blaine (Fiscal Agent)
<br />8,500
<br />8,465
<br />6,600
<br />6,600
<br />7,500
<br />Organizational insurance
<br />2,000
<br />-
<br />2,000
<br />2,000
<br />2,000
<br />Organizational memberships
<br />2,000
<br />2,510
<br />4,800
<br />4,800
<br />2,500
<br />Contractual
<br />Growth Works
<br />7,500
<br />7,500
<br />-
<br />-
<br />-
<br />Other
<br />-
<br />-
<br />-
<br />-
<br />-
<br />MARKETING EXPENDITURES
<br />Website enhancement/Social media
<br />70,000
<br />46,001
<br />30,000
<br />30,000
<br />20,000
<br />On -line Marketing
<br />55,000
<br />55,000
<br />90,000
<br />Promotions /collateral materials
<br />30,000
<br />30,000
<br />30,000
<br />Public/media relations
<br />6,000
<br />3,000
<br />6,000
<br />New Venue /Public Facilities promotion
<br />25,000
<br />20,000
<br />10,000
<br />Community festivals & events grants
<br />18,000
<br />18,000
<br />38,400
<br />38,379
<br />50,000
<br />Logo
<br />10,000
<br />5,000
<br />-
<br />-
<br />-
<br />Meeting & conference marketing & promotion
<br />20,000
<br />16,675
<br />26,200
<br />26,200
<br />26,200
<br />MMNT Regional Destination Marketing
<br />81,000
<br />118,996
<br />120,000
<br />120,000
<br />100,000
<br />Sports Marketing
<br />70,000
<br />55,000
<br />70,000
<br />70,000
<br />70,000
<br />Regional Grant program
<br />10,000
<br />3,000
<br />116,900
<br />60,000
<br />100,000
<br />351,000
<br />333,251
<br />650,900
<br />564,669
<br />634,200
<br />Revenue over (under) Expenditures
<br />69,000
<br />255,461 (29,900)
<br />62,531
<br />(9,000)
<br />FUND RESERVE
<br />$ 69,000
<br />$ 255,461 $ 225,561
<br />$ 317,992
<br />$ 308,992
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