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2/4/2021 <br />La Porte-Bayshore Chamber of Commerce <br />Budget - Hotel Occupancy Tax Fund <br />For October 1, 2019 through September 30, 2022 <br />Revenue 2020 <br />Hotel Tax Revenue for SBF $138,500 <br /> <br />Expenses Budgeted Actual <br />Advertising/Promotion $25,000.00 $14,745.03 <br />Entertainment $100,700 $70,000 ($61,000 for SBF deposit and $9000 for Lomax deposit) <br />Security $9,000 $0 <br />Printing/Publications $1,800 $0 <br />Contingency $2,000 $0 <br /> $138,500 ($84,745.03) *$53,754.97 remaining for the Lomax Festival on 10/9/2021 <br />The Chamber asked for and was given the permission to allocate the remaining city funds from the 2020 SBF that was cancelled <br />community festival to be held at the Lomax Arena. We signed a $34,000 entertainment contract (of which we paid a $9000 deposit) <br />Festival unfortunately was also postponed due to Covid. The reschedule date for the Lomax Festival is 10/9/2021. <br />We did not get a refund on any of the SBF 2020 entertainment deposit. The $53,754 balance will be used to pay the remaining Lomax <br />entertainment fee ($25,000), Security ($9,000) and Advertising/Printing/Contingency ($19,754.97) <br /> <br />