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5.5b 2023 Final Budget
Cottage Grove Convention and Visitors Bureau 2023 Budget Worksheet Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Notes Lodging Tax at 3% 3840 Lodging Tax 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,530.00$ 5,530.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 66,350.00$ Based on a 60% occupancy rate Total Lodging Tax Revenue 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,530.00$ 5,530.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 66,350.00$ -$ 3324 Grants -$ 3574 Visitors Guide Ad Sales 6,290.00$ 6,290.00$ Contributions -$ Total Other Revenue 6,290.00$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 6,290.00$ Total Revenue 11,819.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,530.00$ 5,530.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 5,529.00$ 72,640.00$ Commodities 4200 Office Supplies / Equipment 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 35.00$ 420.00$ 4210 OP Supply - Other 41.00$ 41.00$ 42.00$ 42.00$ 42.00$ 42.00$ 42.00$ 42.00$ 42.00$ 42.00$ 41.00$ 41.00$ 500.00$ Amount available will be based on lodging tax revenue received Total Commodities 76.00$ 76.00$ 77.00$ 77.00$ 77.00$ 77.00$ 77.00$ 77.00$ 77.00$ 77.00$ 76.00$ 76.00$ 920.00$ Contractual Services 4300 City of Cottage Grove (5% Administration Fee)276.45$ 276.45$ 276.45$ 276.45$ 276.45$ 276.50$ 276.50$ 276.45$ 276.45$ 276.45$ 276.45$ 276.45$ 3,317.50$ automatically calculated based on lodging tax 4300 Contractual Services [City of Cottage Grove (25% )]1,313.14$ 1,313.14$ 1,313.14$ 1,313.14$ 1,313.14$ 1,313.38$ 1,313.38$ 1,313.14$ 1,313.14$ 1,313.14$ 1,313.14$ 1,313.14$ 15,758.13$ automatically calculated based on lodging tax 4300 Contractual Services/Professional Services 50.00$ 311.00$ 50.00$ 311.00$ 50.00$ 311.00$ 50.37$ 311.00$ 1,444.37$ transcription services & photography 4305 Website Hosting/Domain 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 115.00$ 1,380.00$ 4305 City Reimbursement (Start-up Costs Payback)1,375.00$ 1,375.00$ 2,750.00$ last two payments of start-up payback 4311 Postage 39.00$ 39.00$ 40.00$ 40.00$ 40.00$ 40.00$ 40.00$ 40.00$ 40.00$ 39.00$ 39.00$ 39.00$ 475.00$ 4340 Collateral Development & Printing 11,000.00$ 11,000.00$ 4341 Social Media Advertising/Marketing Online 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 1,292.00$ 15,504.00$ 4341 Advertising in Publications 1,150.00$ 2,450.00$ 3,600.00$ MN Hike/Bike Guide & brochure program 4341 Other Types of Advertising (Magazines, Billboard, etc)828.00$ 829.00$ 829.00$ 829.00$ 829.00$ 829.00$ 829.00$ 829.00$ 829.00$ 829.00$ 829.00$ 828.00$ 9,946.00$ DASHER BOARD - $850 in October 4401 Dues / Subscriptions 325.00$ 325.00$ 4403 Continuing Education/Classes/Seminars 500.00$ 500.00$ 500.00$ 1,500.00$ 4434 Marketing at Local Events 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 250.00$ 3,000.00$ Amount available will be based on lodging tax revenue received Total Contractual Services 15,613.59$ 4,164.59$ 6,951.59$ 6,565.59$ 4,665.59$ 5,801.88$ 4,440.88$ 4,165.59$ 4,926.59$ 4,114.59$ 4,164.96$ 4,424.59$ 70,000.00$ Total Expense 15,689.59$ 4,240.59$ 7,028.59$ 6,642.59$ 4,742.59$ 5,878.88$ 4,517.88$ 4,242.59$ 5,003.59$ 4,191.59$ 4,240.96$ 4,500.59$ 70,920.00$ Net Income (3,870.59)$ 1,288.41$ (1,499.59)$ (1,113.59)$ 786.41$ (348.88)$ 1,012.13$ 1,286.41$ 525.41$ 1,337.41$ 1,288.04$ 1,028.41$ 1,720.01$ Revenue Other Revenue EXPENSES