Item 05 - HOT_ Update_5-19-25.pdf — original pdf

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Hotel Occupancy Tax Update Arts Commission Meeting May 19, 2025 Hotel Occupancy Tax – April 2025 Approved Budget Amended Budget April w/ Encumb Year-to-date w/Encumb Year-End Estimate Total Revenue $169,901,585 $169,901,585 $34,223,840 $109,665,04 $169,901,585 Transfer to Cultural Arts Fund $16,217,879 $16,217,879 $2,858,334 $10,029,439 $16,217,879 • Total HOT Collections April 2025 = $34,223,840 • 64% of FY25 Approved Budget of $169,901,585 • Cultural Arts Fund April 2025 = $2,858,334 C I TY O F A U S T I N Hotel Occupancy Tax Collections – Significant Contributing Events • NASCAR Cup Series – March 1 - 2 • SXSW – March 7 – 15 • Rodeo Austin – March 14 – 29 • Spring Break – March 17 – 21 • University of Texas/Intercollegiate Athletic Events • NCAA Women's Basketball First and Second Rounds – March 22 - 24 • Texas Relays - March 26 - 29 AUS Passenger Totals: 1,851,308 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: $10,029,439 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