Item 07 - HOT-Update_09-21-26.pdf — original pdf

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Hotel Occupancy Tax Update Austin Arts, Culture, Music and Entertainment | September 21, 2026 Hotel Occupancy Tax – August 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 August $35,076 $5,967,403 $6,002,479 $573,237 Year-to-date $795,943 $172,528,867 $173,324,810 $16,553,387 • Total HOT Collections August 2026 = $6,002,479 • 104% of FY26 Approved Budget of $167,288,265 • Cultural Arts Fund July 2026 = $573,237 2 Hotel Occupancy Collections – Significant Contributing Events • World Cup Activities • Austin Symphony Independence Day and Fireworks • Willie Nelson's Annual 4th of July Picnic • Blues on the Green Concert Series • Hot Summer Nights AUS Passenger Totals: 2,102,655 (July 2026) 3 HOT Cultural Arts Fund – FY26 Progress CAF Actuals $16,553,386 Approved Budget $15,968,425 4 HOT Cultural Arts Fund – Quarterly Comparison $18,000,000 $16,000,000 $15.65 M $15.57 M $15.34 M $14,000,000 $12.9 M $3,967,678 $4,181,190 $4,014,342 $4,264,989 $4,529,604 Q4 (July, Aug, Sept) Q3 (April, May, June) Q2 (Jan, Feb, Mar) Q1 (Oct, Nov, Dec) $4,298,427 $4,045,329 $4,150,573 $3,982,424 $4,075,609 $4,112,939 $4,397,401 $3,398,832 $3,266,808 $3,058,166 $3,361,392 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,317,350 $3,112,547 $4,000,000 $3,066,137 $2,000,000 $0 $2,374,915 FY22 FY23 FY24 FY25 FY26 5 Questions? 6