Comprehensive Annual Financial Report - Cobb County

Cobb County, Georgia
Hotel/Motel Tax Special Revenue Fund
Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual
For the Fiscal Year Ended September 30, 2007
Variance with
Final Budget -
Budgeted Amounts
Positive
Original Final Actual (Negative)
Revenues:
Taxes $ 3,526,347 $ 10,712,988 $ 10,625,801 $ (87,187)
Total revenues $ 3,526,347 $ 10,712,988 $ 10,625,801 $ (87,187)
Expenditures:
Current:
Operating expenditures $ 201,509 $ 7,023,312 $ 6,936,125 $ 87,187
Debt service:
Principal retirement 975,000 975,000 975,000 -
Interest and fiscal charges 2,349,838 2,349,838 2,349,838 -
Total expenditures $ 3,526,347 $ 10,348,150 $ 10,260,963 $ 87,187
Excess of revenues over expenditures $ - $ 364,838 $ 364,838 $ -
Other financing sources (uses):
Transfers out - (364,838) (364,838) -
Total other financing sources (uses) $ - $ (364,838) $ (364,838) $ -
Net change in fund balance $ - $ - $ - $ -
Fund balance at beginning of year -
Fund balance at end of year - budgetary basis $ -
Reconciliation to GAAP basis:
Elimination of encumbrances outstanding at
end of year -
Fund balance at end of year - GAAP basis $ -
91