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34 <br /> Slide #3 <br /> VISITORS BUREAU FUND <br /> • Occupancy Tax revenues are budgeted in a <br /> special revenue fund - the Visitors Bureau Fund <br /> • Other major revenue in the Fund - Town of <br /> Chapel Hill contribution. <br /> — Town provides a portion of its prior year's Occupancy Tax to the <br /> Visitors Bureau Division through long standing contract. Funds <br /> specified for visitor center activities <br /> • Majority of Visitor Bureau Fund supports the <br /> Visitors Bureau Division <br /> • Fund also supports the operations of the Arts <br /> Commission, and some related outside <br /> agencies. <br /> — Less than 10% of Fund's FY 25 Budget ORANGE <br /> NORTH C:AROLINA <br /> Kirk Vaughn said that the funds also include the Arts Commission. <br /> Slide #4 <br /> VISITORS BUREAU FUND REVENUES <br /> $3,000,000 <br /> $2,500,000 <br /> 38%Average <br /> 5.7%Average Annual Increase <br /> $2,000,000 Annual Increase <br /> 50% <br /> $1,500,000 Revenue <br /> Loss <br /> $1,000,000 <br /> $500,000 <br /> $- <br /> 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Rev <br /> Bud <br /> ■Occupancy Tax Revenue ■Town of CH Agreement ■Other VB revenue <br /> — Revenue has been quite volatile, but has grown much <br /> faster since Covid than Pre-Covid trend <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />