Item 08 - HOT-Update_06-15-26.pdf — original pdf

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Hotel Occupancy Tax Update Austin Arts, Culture, Music and Entertainment | June 15, 2026 Hotel Occupancy Tax – May 2026 H/MOT Penalties & Interest Hotel/Motel Occupancy Tax Total Revenue Approved Budget $511,252 $166,777,013 $167,288,265 Transfer to Cultural Arts Fund $15,968,425 May $40,245 $8,864,057 $8,904,302 $850,381 Year-to-date $660,004 $127,160,430 $127,820,434 $12,207,720 • Total HOT Collections May 2026 = $8,904,302 • 76% of FY26 Approved Budget of $167,288,265 • Cultural Arts Fund May 2026 = $850,381 2 Hotel Occupancy Collections – Significant Contributing Events • Texas Relays • Austin Reggae Festival • Old Settler’s Music Festival • Trail of Lights Half Marathon & 5K AUS Passenger Totals: 1,808,534 (April 2026) 3 HOT Cultural Arts Fund – FY26 Progress Approved Budget $15,968,425 CAF Actuals $12,207,720 4 HOT Cultural Arts Fund – Quarterly Comparison $15.65 M $15.57 M $15.34 M $12.9 M 5 Questions? 6