Item 03 - HOT_ Update_4-21-25.pdf — original pdf

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Hotel Occupancy Tax Update Arts Commission Meeting April 21, 2025 Hotel Occupancy Tax – March 2025 Approved Budget Amended Budget March w/ Encumb Year-to-date w/Encumb Year-End Estimate Total Revenue $169,901,585 $169,901,585 $1,964,718 $75,089,308 $165,125,756 Transfer to Cultural Arts Fund $16,217,879 $16,217,879 $169,486 $7,171,105 $15,762,004 • Total HOT Collections March 2025 = $1,964,718 • 44% of FY25 Approved Budget of $169,901,585 • Cultural Arts Fund March 2025 = $169,486 C I T Y O F A U S T I N HOT Cultural Arts Fund - FY25 C I T Y O F A U S T I N Approved Budget for FY25: $16,217,879 FY25 HOT Cultural Arts Fund to date: $7,171,105 HOT Collections (FY22 – FY25) C I T Y O F A U S T I N Questions? C I T Y O F A U S T I N