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Highlights of the Special Revenue and Debt Service Funds <br />Special Revenue Funds <br />Lodging Tax: Proceeds from a special excise tax on lodging charges are recorded in this fund. The <br />revenue is restricted to expenditures related to tourism. <br />Ending fund balance is $913K, which is $289K higher than 2015 ending fund balance and $320K, or 54.1 % <br />higher than budget. Total revenue of $712K is $82K, or 13.0% above budget, the primary reason being <br />lodging taxes were $80K higher than budget. Expenditures were $51K, or 1.2% below budget. <br />City staff that had been assigned to the Lodging Tax fund were transferred to Seattle Southside Regional <br />Tourism Authority at the end of 2015. <br />Drug Seizure: This fund accounts for seizure money. Any money deposited into this fund must be used <br />for costs related to drug seizure activities. The drug seizure fund ended the year with $554K in fund <br />balance. The City received $539 from the federal government stemming from the 2013 motel seizure by <br />the federal government. <br />Expenditures totaled $78K and were for the Alive and Free program and other programs related to drug <br />prevention programs. <br />Debt Service Funds <br />In December 2016, the City issued $36.7M in bonds to fund the construction of a justice center, rebuild <br />three fire stations, and provide fire apparatus and equipment for 20 years. Costs associated with these <br />projects are accounted for in the public safety plan fund. The bonds are being repaid over 20 years with a <br />voter - approved excess tax levy. <br />Local Improvement District No. 33 <br />2016 was the third year for installment payments related to the Klickitat LID. <br />As of the end of 2016, all assessments were current. The next installment payment is scheduled for October <br />2017. <br />16 <br />