|
•
<br />•
<br />•
<br />TWIN CITIES GATEWAY
<br />2013 BUDGET
<br />Approved by Board of Directors
<br />September 25, 2012
<br />2011
<br />2012
<br />2013
<br />Actual
<br />Budget
<br />Budget
<br />FUND RESERVE AT BEGINNING OF YEAR
<br />$ 255,461
<br />$ 359,301
<br />$ 399,679
<br />REVENUES AND OTHER SOURCES
<br />Lodging Taxes
<br />$ 673,559
<br />$ 675,000
<br />$ 700,000
<br />Grants
<br />-
<br />9,000
<br />4,000
<br />Investment income
<br />202
<br />200
<br />200
<br />Other
<br />-
<br />-
<br />-
<br />673,761
<br />684,200
<br />704,200
<br />OPERATING EXPENDITURES
<br />Management contract
<br />86,346
<br />100,000
<br />100,000
<br />Other administrative costs
<br />15,221
<br />35,000
<br />35,000
<br />Blaine (Fiscal Agent)
<br />6,513
<br />7,500
<br />12,000
<br />Organizational insurance
<br />-
<br />2,000
<br />2,000
<br />Organizational memberships
<br />1,465
<br />2,500
<br />2,500
<br />Contractual
<br />-
<br />-
<br />-
<br />MARKETING EXPENDITURES
<br />Website enhancement/Social media
<br />18,537
<br />25,000
<br />30,000
<br />On -line Marketing
<br />44,550
<br />90,000
<br />150,000
<br />Promotions /collateral materials
<br />27,673
<br />30,000
<br />30,000
<br />Public /media relations
<br />1,105
<br />6,000
<br />6,000
<br />New Venue /Public Facilities promotion
<br />19,947
<br />20,000
<br />-
<br />Member City Grants
<br />38,379
<br />75,000
<br />75,000
<br />Meeting & conference marketing & promotion
<br />48,743
<br />36,200
<br />47,500
<br />Destination Marketing
<br />150,301
<br />100,000
<br />100,000
<br />Sports Marketing
<br />70,000
<br />80,000
<br />85,000
<br />Regional Grant program
<br />41,141
<br />100,000
<br />75,000
<br />TOTAL BUDGET
<br />569,921
<br />709,200
<br />750,000
<br />Revenue over (under) Expenditures
<br />103,840
<br />(25,000)
<br />(45,800)
<br />FUND RESERVE
<br />$ 359,301
<br />$ 334,301
<br />$ 353,879
<br />
|