HomeMy WebLinkAboutTRT AnalysisAttachment 1
Transient Room Tax Analysis
Actual Actual Budgeted Proposed
FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15*Notes
6% - Fund 160 6% - Fund 160 *-Based on FY 13-14 estimates
Total TRT $2,800,848 $3,172,087 $2,933,857 Total TRT $2,933,857 for illustration purposes.
"Gross 20%" to COVA $560,170 $634,417 $586,771 "Gross 20%" to COVA $586,771
Less:Less:
Transfer to Fair & Expo Center ($25,744)($25,744)($25,744)Administration ($45,841)FY 2013-14 Staff increase
Payment to Sunriver Chamber ($21,339)($21,339)($23,473)Interfund Charges ($10,091)
"Net 20%" to COVA $513,087 $587,334 $537,554 Audit/Other Expense ($17,257)
"Net 20%" to COVA $513,582
Subtotal $2,240,678 $2,537,670 $2,347,086
Less:Subtotal $2,347,086
Administration ($3,112)($3,084)($45,841)Less:
Interfund Charges ($7,311)($7,757)($10,091)Transfer to Fair & Expo Center ($25,744)Retain/Increase/Eliminate
Audit/Other Expense ($11,661)($12,994)($17,257)Payment to Sunriver Chamber ($23,473)
Balance to Sheriff's Office/GF $2,218,594 $2,513,834 $2,273,897 Balance to Sheriff's Office/GF $2,297,869 Anything over $2.65M
obligation to SO would go
1% - Fund 170 1% - Fund 170 to General Fund.
Total TRT $467,134 $530,058 $489,143 Total TRT $489,143
Less:Less:
Administration ($517)($514)($7,640)Administration ($7,640)
Interfund Charges ($4,924)($5,219)($4,647)Interfund Charges ($4,647)
Audit/Other Expense ($1,944)($1,869)($3,967)Audit/Other Expense ($3,967)
Transfer to Fair & Expo Center ($82,800)($82,800)$0 Transfer to Fair & Expo Center $0 F&E Transfer eliminated
Net TRT $375,000 $439,656 $472,889 Net TRT $472,889
100% to COVA $375,000 $437,000 100% to COVA $472,889
60% to COVA $283,733 60% to COVA 60%-40% split proposed to
40% to Fair & Expo Center $189,156 40% to Fair & Expo Center apply to actual receipts
(FY 2013-14)
New 1%
Total TRT $489,143
Less:
Administration ($7,640)
Interfund Charges ($4,647)
Audit/Other Expense ($3,967)
Net TRT $472,889
70% to Fair & Expo Center $331,022 70%-30% split proposed to
30% to General Fund $141,867 apply to actual receipts
Total COVA Payment $888,087 $1,024,334 $821,287 Total COVA Payment $986,471
