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CITY OF SAN MARCOS, TEXAS
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
<br />FUND BALANCE - BUDGET AND ACTUAL
<br />HOTEL OCCUPANCY
<br />FOR THE YEAR ENDED SEPTEMBER 30, 2007
<br />Variance with
<br />Final Budget -
<br />The accompanying notes are an integral part of these financial statements.
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<br />Budgeted Amounts
<br />Actual
<br />Positive
<br />Original
<br />Final
<br />Amounts
<br />(Negative)
<br />REVENUES
<br />Taxes
<br />$ 1,232,491
<br />$ 1,232,491
<br />$ 1,308,101
<br />$ 75,610
<br />Interest on investments
<br />-
<br />-
<br />23,111
<br />23,111
<br />Other
<br />-
<br />-
<br />1051
<br />1051
<br />Total revenues
<br />1,232,491
<br />1,232,491
<br />1,341,863
<br />109,372
<br />EXPENDITURES
<br />Current:
<br />Community service
<br />1,453,579
<br />1,432,279
<br />1,015,162
<br />417,117
<br />Total expenditures
<br />1,453,579
<br />1,432,279
<br />1,015,162
<br />417,117
<br />EXCESS (DEFICIENCY) OF REVENUES
<br />OVER (UNDER) EXPENDITURES
<br />( 221,088)
<br />( 199,788)
<br />326,701
<br />526,489
<br />OTHER FINANCING SOURCES (USES)
<br />Transfers in
<br />19,104
<br />19,104
<br />19,104
<br />-
<br />Total other financing sources and uses
<br />19,104
<br />19,104
<br />19,104
<br />-
<br />NET CHANGE IN FUND BALANCE
<br />( 201,984)
<br />( 180,684)
<br />34505
<br />526,489
<br />FUND BALANCE, BEGINNING
<br />552,115
<br />552,115
<br />552,115
<br />-
<br />FUND BALANCE, ENDING
<br />$ 350,131
<br />$ 371,431
<br />$ 897,920
<br />$ 526,489
<br />The accompanying notes are an integral part of these financial statements.
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