HomeMy WebLinkAbout05-09-1988 Item #F-17NEWPORT BEACII CONFERENCE AND VISITORS BUREAU
JULY 1, 1988 - JUNE 30, 1989
PROPOSED FULL YEAR OPERATING BUDGET
INCOME
TRANSIENT OCCUPANCY TAX $525,000
INTEREST ON TRANSIENT OCCUPANCY TAX 15,000
TOTAL TRANSIENT OCCUPANCY TAX
MEMBERSHIP DUES
TOTAL INCOME
EXPENSES
$540,000-1)
32,000
$572,000
F-17
A. ADMINISTRATIVE
PAYROLL
122,200
BY THE CITY COUNCIL
PAYROLL TAXES (11.5%)
14,100
CITY OF NEWPORT BEACH
EMPLOYEE BENEFITS
5,000
POSTAGE
6,000
MAY 9 1988
TELEPHONE (+ 800 NO.)
12,000
APPROVED
RENT
13,000
OFFICE EQUIP./SUPPLIES
6,000
PARKING
1,200
ANSWERING SERVICE
900
PAYROLL SERVICE
1,200
OFFICE INSURANCE
2,000
P.O. BOX RENT
400
FURNITURE RENT
1,000
SUB -TOTAL ADMIN. EXPENSES
185,000 2)
B. PROMOTIONAL
TRANSPORTATION
50,000
BROCHURES
15,000
ADVERTISING
PRODUCTION AT 107
18,000
MEDIA
180,000
AGENCY FEES AT 15%
26,000
LOCAL SALES
10,000
OUT of TOWN SALES
20,000
LEGAL/ACCOUNTING SERVICES
6,000
VISITOR SERVICES
6,000
TRADE SHOWS
20,000
DUES SUBSCRIPTIONS
5,000
DIRECT MAIL
31,000
SUB TOTAL PROMOTIONAL SERVICES
387,000
TOTAL EXPENSES
1) 30% OF $540,000 = $162,000
2) $185,000 - ADMINISTRATIVE EXPENSE
LESS $ 32,000 - MISCELLANEOUS INCOME
$153,000 - 28.37 OF TRANSIENT OCCUPANCY TAX
$572,000