Exhibit B

Local Marketing District

Unaudited Financial Presentation

ACCOMMODATIONS TAX
as of 8/11/14

Projected carry over

2012

2013

2014

2014

2015

Actual

Actual

Budget

Projected

Budget

1,029,809 $

303,093 $ 1,276,124 $ 1,276,124 $ 1,519,932

1,076,511 $ 1,369,268 $ 1,171,244 $ 1,320,039 $ 1,300,000

Revenue
2% Tax Jan - December (net of state fees)
Interest
Total Revenues

2,029
$

2,605

2,000

2,000

1,078,540 $ 1,371,873 $ 1,173,244 $ 1,322,039 $ 1,302,700

Expenses
Air Service Costs (From Accom Tax)

2,700

1,728,586 $

330,761 $ 2,125,000 $

941,499 $

($1M AccomTax
+ $450k LMD
Reserves +
$250k Summer
1,700,000 Air)

Winter Air Service Marketing-see note 1

250,000

Summer/Fall Air Service Marketing

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

Winter Air Service Mngmnt Fee

10,000

10,000

10,000

Administration/Legal

Summer Air Service Mngmnt Fee

15,305

7,741

15,000

15,000

15,000

City Services 1%-begins 01/01/2012

10,765

10,340

11,732

11,732

13,000

Miscellaneous

600

Total Expenses

1,805,256 $

Revenue less Expenses

(726,716) $

Accommodation Tax Reserve Balance

398,842 $ 2,261,732 $ 1,078,231 $ 2,088,000

973,031 $ (1,088,488) $

303,093 $ 1,276,124 $

243,808 $

187,636 $ 1,519,932 $

(785,300)

734,632

AIRLINE SALES & USE TAX

Projected carry over

$ 1,120,962 $ 1,273,869 $ 1,273,869 $ 1,324,824

Revenue
Sales Tax

Building Use Tax

1,044,448 $ 1,177,006 $ 1,065,337 $ 1,224,086 $ 1,300,000

37,218

54,988

37,962 $

57,188 $

60,000

Vehicle Use Tax

36,561

37,478

37,292 $

38,977 $

45,000

Voluntary Assessment

14,057

15,730

14,338 $

16,359 $

17,000

(11,322)

(11,333)

(11,548) $

(11,786) $

(14,220)

Less Admin Fee

Total Revenue

1,120,962 $ 1,273,869 $ 1,143,381 $ 1,324,824 $ 1,407,780

Expenses
Air Service Cost (Sales/Use Tax)

$ 1,120,962 $ 1,120,962 $ 1,273,869 $ 1,324,824

Total Expense

$ 1,120,962 $ 1,120,962 $ 1,273,869 $ 1,324,824

Revenue less Expenses

1,120,962 $

Airline Service Sales Tax Reserve Balance

1,120,962 $ 1,273,869 $ 1,296,288 $ 1,324,824 $ 1,407,780

152,907 $

22,419 $

50,955 $

82,956