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6 <br /> <br /> <br /> <br /> <br />Visitors Bureau Fund <br />Visitors Bureau revenues are 11.1% of budget as compared to 22% the prior fiscal year due to the public health <br />restrictions. Visitors Bureau expenditures are 35% of budget as compared to 44% the prior fiscal year. FY 2020- <br />21 revenues are $195,292 and expenditures are $381,603 for the first quarter. FY 2019-20 revenues were <br />$421,962 and expenditures were $511,596 for the first quarter. <br />The monthly occupancy tax revenues below provides comparative trends for the past two fiscal years and FY <br />2020-21 Year-To-Date Actuals and Forecasted October 2020 through June 2021 forecasted. Staff has identified <br />contractual expenses in the amount of $327,352 to counter declining revenues however Visitors Bureau fund <br />balance may still be needed. <br /> $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 <br />Jul Aug Sept Oct Nov Dec Jan Feb Mar April May Jun <br />Sportsplex Monthly Revenues <br />FY 2018-19 FY 2019-20 FY 2020-21 <br />7