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financial statements and notes, which follow this narrative. <br />Financial Highlights <br />• The assets and deferred outflows of resources of the Bureau exceed the liabilities and deferred inflows of <br />resources at the close of the fiscal year by $3,699,187 (Net Position). <br />• The Bureau's total Net Position increased by $160,781 due primarily to increase in Occupancy Tax <br />revenues. <br />• The Bureau's total fund balance of $3,643,952 at the end of the year is made of committed Tourism <br />Capital Reserves fund of $1,372,146, committed Sports Development of $101,391, and unassigned of <br />$2,170,415. <br />• The Bureau's revenues increased 3%, or $142,503 from the prior fiscal year mainly from increases in <br />Occupancy Tax revenues. Expenses increased by 16%, or $841,604 primarily due to increases in <br />Marketing and Advertising Expenses. <br />Pages <br />Aaechmenl number t In <br />1-2 Page 190 <br />