Item 08_HOT Update_Odegaard_July

Arts Commission – July 15, 2024

Item 08_HOT Update_Odegaard_July — original pdf

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HOTEL OCCUPANCY TAX UPDATE JULY 15, 2024 C I TY O F A U S T I N E C O N OM I C D E VE L O P M E N T 1 Hotel Occupancy Tax – June 2024 o Total HOT Collections June 2024 = $1,358,850 o 78% towards FY24 Approved Budget of $152,172,894 o Cultural Arts Fund June 2024 = $128,998 HOT Cultural Arts Fund - FY24 Approved Budget for FY24: $14,525,594 FY24 HOT Cultural Arts Fund in the bank: $11,387,746 HOT Collections (FY22-FY24) $15.65M $12.87M Questions