Item 08 - HOT_ Update_6-16-25.pdf — original pdf

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Hotel Occupancy Tax Update Arts Commission Meeting May 19, 2025 Hotel Occupancy Tax – May 2025 Approved Budget Amended Budget May w/ Encumb Year-to-date w/Encumb Year-End Estimate Total Revenue $169,901,585 $169,901,585 $12,926,793 $117,947,091 $165,125,757 Transfer to Cultural Arts Fund $16,217,879 $16,217,879 $1,234,509 $11,263,947 $15,762,004 • Total HOT Collections May 2025 = $12,926,793 • 69% of FY25 Approved Budget of $169,901,585 • Cultural Arts Fund May 2025 = $1,234,509 C I TY O F A U S T I N Hotel Occupancy Tax Collections – Significant Contributing Events • Besame Mucho Festival – April 5 • Capitol 10K – April 6 • Texas Association of Museums 2025 Annual Conference – April 6-9 • ICRI 2025 Spring Convention – April 13-16 • Moontower Comedy Festival – April 9 – 19 • Austin Blues Festival – April 26-27 • Real Places Conference 2025 – April 23-25 AUS Passenger Totals: 1,875,980 (April 2025) 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: $11,263,947 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