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TWIN CITIES GATEWAY
<br /> 2013 BUDGET
<br /> Approved by Board of Directors
<br /> September 25, 2012
<br /> 2011 2012 2013
<br /> Actual Budget Budget
<br /> FUND RESERVE AT BEGINNING OF YEAR $ 255,461 $ 359,301 $ 399,679
<br /> REVENUES AND OTHER SOURCES
<br /> Lodging Taxes
<br /> $ 673,559 $ 675,000 $ 700,000
<br /> Grants 9,000 4,000
<br /> Investment income 202 200 200
<br /> Other - - -
<br /> 673,761 684,200 704,200
<br /> OPERATING EXPENDITURES
<br /> Management contract 86,346 100,000 100,000
<br /> Other administrative costs 15,221 35,000 35,000
<br /> Blaine(Fiscal Agent) 6,513 7,500 12,000
<br /> Organizational insurance - 2,000 2,000
<br /> Organizational memberships 1,465 2,500 2,500
<br /> Contractual - - -
<br /> MARKETING EXPENDITURES
<br /> Website enhancement/Social media 18,537 25,000 30,000
<br /> On-line Marketing 44,550 90,000 150,000
<br /> Promotions/collateral materials 27,673 30,000 30,000
<br /> Public/media relations 1,105 6,000 6,000
<br /> New Venue/Public Facilities promotion 19,947 20,000 -
<br /> Member City Grants 38,379 75,000 75,000
<br /> Meeting &conference marketing & promotion 48,743 36,200 47,500
<br /> Destination Marketing 150,301 100,000 100,000
<br /> Sports Marketing 70,000 80,000 85,000
<br /> Regional Grant program 41,141 100,000 75,000
<br /> TOTAL BUDGET 569,921 709,200 750,000
<br /> Revenue over(under) Expenditures I 103,840 (25,000) (45.800)
<br /> FUND RESERVE $ 359,301 $ 334,301 $ 353,879
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