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