Item 05_HOT_Update_08-18-25.pdf — original pdf

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Hotel Occupancy Tax Update Arts Commission Meeting August 18, 2025 Hotel Occupancy Tax – July 2025 Approved Budget Amended Budget June w/ Encumb Year-to-date w/Encumb Year-End Estimate Total Revenue $169,901,585 $169,901,585 Transfer to Cultural Arts Fund $16,217,879 $16,217,879 $ $ $ $ $ $ • Total HOT Collections July 2025 = $ • 70% of FY25 Approved Budget of $169,901,585 • Cultural Arts Fund July 2025 = $ C I T Y O F A U S T I N Hotel Occupancy Tax Collections – Significant Contributing Events • IHeart Country Festival – May 3 • Commencement Ceremonies – May 10 • University of Texas • Huston Tillotson • St. Edwards • Hot Luck Festival – May 22-25 • NCAA Softball First Round – May 16-18 • NCAA Softball Super Regionals - May 22-25 • IllFest – May 30-31 AUS Passenger Totals: 1,935,429 (May 2025) 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: $11,321,678 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