Item 04 - HOT_ Update_3-24-25.pdf — original pdf

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Hotel Occupancy Tax Update Arts Commission Meeting March 24, 2025 Hotel Occupancy Tax – February 2025 Approved Budget Amended Budget February w/ Encumb Year-to-date w/Encumb Year-End Estimate Total Revenue $169,901,585 $169,901,585 $11,419,305 $73,124,589 $165,225,852 Transfer to Cultural Arts Fund $16,217,879 $16,217,879 $1,108,764 $7,001,619 $15,987,726 • Total HOT Collections February 2025 = $11,419,305 • 44% of FY25 Approved Budget of $169,901,585 • Cultural Arts Fund February 2025 = $1,108,764 C I TY O F A U S T I N HOT Cultural Arts Fund - FY25 C I TY O F A U S T I N Approved Budget for FY25: $16,217,879 FY25 HOT Cultural Arts Fund to date: $7,001,619 HOT Collections (FY22 – FY25) C I TY O F A U S T I N Questions? C I TY O F A U S T I N