FY2014 Recommended Budget - City of Surprise

Community and Recreation Services
Tourism Fund
Description
The tourism fund is established to track expenses and revenue associated with the dedicated 1.52%
transient lodging tax (bed tax). The fund was a newly established special revenue fund for FY2010. The
city of Surprise Tourism Board recommended on January 5, 2010, as part of the on-going strategic plan
development, a 1.52% increase to the transient lodging tax. The Mayor and City Council approved the
increase on January 28, 2010 with Ordinance No. 2010-04. Its use is restricted to promoting and
marketing tourism for the city of Surprise.
Major Budget Changes
Fund balance and estimated revenues are programmed as Contingency at $506,400 and is available for
expenditure authority if an eligible program is brought before the Tourism Board for consideration and
recommendation to the Mayor and City Council.
FY2011 FY2012 FY2013 FY2014 Amended to
Expenditures Actual Actual Amended Budget Budget
By category
Contingency 0 0 158,900 506,400 219%
Transfer Out 0 0 0 0 0%
Total 0 0 158,900 506,400 219%
By department
General Operations 0 0 158,900 506,400 219%
Total 0 0 158,900 506,400 219%
Revenues
By fund source
Local Sales Tax 152,605 167,852 0 172,000 0%
Charges for Svcs/Oth 820 1,896 1,300 1,800 38%
Fund Balance -153,425 326,700 0 332,600 0%
Total 0 496,448 1,300 506,400 38854%
Personnel Summary
There are no dedicated personnel assigned to this fund.
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