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Experience Fayetteville reports April finances: HMR collections slightly below seasonal target, cash about $4.8 million
Summary
Interim CEO Jennifer Walker told the Advertising & Promotion Commission on May 19 that year‑to‑date hotel/motel (HMR) tax collections totaled $1.6 million and were 0.8% below seasonal target; revenues are at 31% and expenditures 34% of budget year‑to‑date, and cash and investments are approximately $4.8 million.
Interim CEO Jennifer Walker presented the April financial report at the May 19 Advertising & Promotion Commission meeting, saying the organization remained broadly within budget expectations for the fiscal year.
Walker reported that as of April 30 the budgetary target percentage for the fiscal year is 33 percent. “On the revenue side, we're at 31%. On the…
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