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