FY2016 Resolution and Budget
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This document presents Queen Anne's County FY2016 approved budgets for two funds, with FY14 actuals and FY15 budgets for comparison. The Franchise Fee Fund shows FY16 revenue of $400,000 (listed as cable TV franchise fees) and total FY16 expenditures of $400,000, with a large FY16 increase in salaries & wages to $256,872 and $2,500 in capital outlay; FY14 actuals show total revenue $15,789, total expenditures $258,134 and a FY14 net loss of $(242,345). The Hotel Tax Fund is presented in two parts (Tourism and Economic Development) and shows FY16 hotel tax revenue totaling $520,000 (Tourism $182,000; Economic Development $338,000) and matching FY16 total expenditures of $520,000; FY16 expenditures include combined salaries & wages of $265,092, contracted services of $32,000 (Economic Development), supplies of $21,500, payroll expense of $59,972, and other charges of $141,436, with net income/(loss) of zero.
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QUEEN ANNE'S COUNTY FRANCHISE FEE FUND FISCAL 2016 APPROVED BUDGET FY14 FY15 FY16 PRIOR CURRENT APPROVED ACTUAL BUDGET BUDGET REVENUE CABLE TV FRANCHISE FEES - 3 65,000 400,000 PRODUCTION SERVICE FEES 15,090 50,000 - MISCELLANEOUS 6 99 - - TOTAL REVENUE 15,789 4 15,000 400,000 EXPENDITURES SALARIES & WAGES 1 72,965 1 82,032 256,872 CONTRACTED SERVICES 23,595 58,400 53,152 SUPPLIES & MATERIALS 3,478 2,350 11,999 PAYROLL EXPENSE 57,736 64,120 74,477 OTHER CHARGES 3 59 1 05,598 1 ,000 CAPITAL OUTLAY - 2,500 2 ,500 TOTAL EXPENDITURES 2 58,134 4 15,000 400,000 NET INCOME/(LOSS) (242,345) - - QUEEN ANNE'S COUNTY HOTEL TAX FUND FISCAL 2016 APPROVED BUDGET TOURISM ECONOMIC DEVELOPMENT HOTEL TAX FUND TOTALS FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 PRIOR CURRENT APPROVED PRIOR CURRENT APPROVED PRIOR CURRENT APPROVED ACTUAL BUDGET BUDGET ACTUAL BUDGET BUDGET ACTUAL BUDGET BUDGET REVENUE HOTEL TAX REVENUE - 1 68,000 182,000 - 3 12,000 338,000 - 4 80,000 520,000 MISCELLANEOUS - - - - - - - - - TOTAL REVENUE - 1 68,000 182,000 - 3 12,000 338,000 - 4 80,000 520,000 EXPENDITURES SALARIES & WAGES - 47,138 69,712 - 1 58,150 195,380 - 2 05,288 265,092 CONTRACTED SERVICES - - - - - 32,000 - - 32,000 SUPPLIES & MATERIALS - - 11,500 - 5,000 10,000 - 5,000 21,500 PAYROLL EXPENSE - 25,057 16,483 - 51,850 43,489 - 76,907 59,972 OTHER CHARGES - 95,805 84,305 - 97,000 57,131 - 1 92,805 141,436 CAPITAL OUTLAY - - - - - - - - - TOTAL EXPENDITURES - 1 68,000 182,000 - 3 12,000 338,000 - 4 80,000 520,000 NET INCOME/(LOSS) - - - - - - - - - 14