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HomeMy WebLinkAboutTDA Presentation 10-30-13 2/7/2014 New Hanover County 2013 TDA Revenues Tourism Development Authority DBA Wilmington and Beaches Convention & Visitors Bureau 3% Fiscal Year 2013 • 7% First 3% Tourism Carolina Beach 2nd 3 % Results 40% • Optional: 24% Kure Beach 2nd 3 % Graphics or pictures Wrightsville Beach 2nd 3 % OK City of Wilmington Here if related to 8% Other -Adm. Rev.,Int, Misc. presentation 18% Lisa Wurtzbacher Finance Director 2013 Key Points Presentation Outline June30, 2013June 30, 2012 1.Revenues Room Occupancy3,673,3473,565,748 Taxes Collected 2.Results Increase(Decrease) 3.02%9.35% 3.Fund Balance from previous year 1 2/7/2014 Restricted Fund Balance 2013 Revenues & Expenses June30, 2013June 30,2012 Restrictedfor Amended State Statute972,275950,799 BudgetActualVariance Promotion Activities Revenues3,806,2533,970,815164,562 Carolina Beach110,578148,505 Total Expenses4,686,7904,039,358647,432 Kure Beach44,15671,573 WrightsvilleBeach142,259214,285 Revenues / over Subtotal(Promotion)296,993434,363 Expenses(880,537)(68,543)(482,870) Tourism Activities Appropriated Carolina Beach377,269301,082 Fund Balance 880,537-880,537 Kure Beach89,95290,903 Changein FB WrightsvilleBeach299,680334,009 -(68,543)(68,543) Subtotal(Activities)766,901725,994 Convention CtrActivities City of Wilmington15,7859,003 Total RestrictedFunds2,051,9542,120,159 Fund Balance Summary Fund Balance Components 3000000 Unassigned 2500000 Restricted Fund Balance20132012 2000000 Restricted2,051,9542,120,159 1500000 Assigned-50,000 1000000 500000 Unassigned71,23921,577 0 Total2,123,1932,191,736 201320122011201020092008 2