HOT Update — original pdf

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Hotel Occupancy Tax Update Sylnovia Holt Rabb, Deputy Director Economic Development Department December 15, 2021 C I T Y O F A U S T I N EC ON OMI C D EVEL OP M EN T 1 Hotel Occupancy Tax – October 2021 Hotel Occupancy Tax Fund Month End October 2021 Close II Tfr to Cultural Arts Fund Approved Budget 6,660,189 Amended Budget 6,660,189 November w /Encumb Year-to-date w /Encumb 189,819 189,819 Year-End Estimate 6,660,189 Year-End Variance Fav(Unfav) Year-End % Variance Fav(Unfav) C I T Y O F A U S T I N EC ON OMI C D EVEL OP M EN T 2 Hotel Occupancy Tax – November 2021 Hotel Occupancy Tax Fund Month End November 2021 Close II Tfr to Cultural Arts Fund Approved Budget 6,660,189 Amended Budget 6,660,189 November w /Encumb Year-to-date w /Encumb 1,870,946 2,060,766 Year-End Estimate 6,660,189 Year-End Variance Fav(Unfav) Year-End % Variance Fav(Unfav) C I T Y O F A U S T I N EC ON OMI C D EVEL OP M EN T 3 Hotel Occupancy Tax – November 2020 Hotel Occupancy Tax Fund Month End November 2020 Close II Tfr to Cultural Arts Fund Approved Budget 7,790,403 Amended Budget 7,790,403 November w /Encumb Year-to-date w /Encumb 91,162 793,156 Year-End Estimate 7,790,403 Year-End Variance Fav(Unfav) Year-End % Variance Fav(Unfav) C I T Y O F A U S T I N EC ON OMI C D EVEL OP M EN T 4 Questions? C I T Y O F A U S T I N EC ON OMI C D EVEL OP M EN T 5