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32 <br /> Slide #48 <br /> Economic Development — page <br /> 134 <br /> — Occupancy Tax revenue increase-$273,909 <br /> • Average daily rate increasing by 3.4% <br /> — Visitors' Bureau repayment of pandemic <br /> related General Fund loan -$224,000 <br /> • Leaves Visitors'Bureau fund balance at$647,416 or <br /> 21%of budgeted expenditures <br /> Occupancy Tax Revenue History <br /> $2,5ao,000 <br /> $2,085,000 $2,126,700 <br /> $2,000,000 1926 970 <br /> $1sa1,74s $1,6n,71a $1ss1sa4 <br /> $1,477,669 $1,492,194 <br /> $1,500,000 <br /> $1,247,530 <br /> $1,000,000 <br /> $500,000 <br /> 46 $- <br /> FY2015-16 FY2016.17 FY2017-19 FY2010-19 FY2019-20 FY2020.21 FY2o21-22 F12112.11 FY2023.24 1rcl FY202425 Budget <br /> Slide #49 <br /> Article 46 — page 73 <br /> — Total Projected Collections -$6,391,998 <br /> — Split between Economic Development and <br /> Education <br /> • Economic Development-$3,195,999 <br /> • Education-$3,195,999 <br /> — Education allocation determined by average <br /> daily membership less Charter students <br /> • Chapel Hill-Carrboro City Schools-$1,963,941 <br /> • Orange County Schools-$1,232,058 <br /> 49 ORANGE NRTH C-:ARC)L COUNTY INA <br />