Item4e. Sylnovia Holt-Rabb-ArtsCommission_February24th — original pdf

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Hotel Occupancy Tax Update Laura Odegaard, Program Manager III Cultural Arts Division Economic Development Department February 24, 2022 C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 1 Hotel Occupancy Tax – January 2022 Hotel Occupancy Tax Fund Month Ended January 31, 2022 Tfr to Cultural Arts Fund Approved Budget 6,660,189 Amended Budget 6,660,189 January w/Encumb 2,199,416 Year-to-date w/Encumb 4,574,331 Year-End Estimate 6,660,189 Year-End Year-End Variance % Variance Fav(Unfav) Fav(Unfav) 0.0% 0 *HOT YTD collection is $47,898,558 and is 69% of Budget of $ 69,773,408 and 306% over Jan 2021 YTD of $15,652,203 C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 2 C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 3