Backup — original pdf

Backup

Hotel Occupancy Tax – Forecast Sylnovia Holt Rabb, Deputy Director Economic Development Department April 27, 2021 C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 1 Live Music Fund C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 2 2021-22Proposed01,749,5692,469,405 2,822,483 10,00010,000 1,558,0801,558,0801,568,080 1,050,0001,050,0001,050,000 5,000 No data returned for this view. This might be because the applied filter 3,340,563 Live Music Fund 2018-19 2019-20 2020-21 2020-21ActualActualEstimatedAmendedRevenue Interest011,11610,0005,000Total Revenue011,11610,0005,000Transfers In Convention Center01,738,4531,112,9142,225,829Total Transfers In01,738,4531,112,9142,225,829Total Available Funds0 1,749,569 1,122,914 2,230,829 Program Requirements Music and Entertainment Division0050,0003,000,000Total Program Requirements0050,0003,000,000Total Requirements0 0 50,000 3,000,000 1,700,234 Excess (Deficiency) of Total Available Funds Over Total Requirements0 1,749,569 (769,171)(769,171)Note: Numbers may not add due to rounding.Ending Balance0 1,749,569 2,822,483 Historic Preservation Fund C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 3 2021-22Proposed4,458,1426,258,3877,724,9197,096,358(2,330,106) 60,00060,000 Library CIPEDD CIP 6,871,9621,963,4188,835,3808,895,380 4,145,3524,145,352 00004,145,352 4,750,028 2,419,922 Note: Numbers may not add due to rounding.21,665 Ending Balance6,258,387 7,724,919 (2,330,106)1,093,374 Total Requirements11,009,738 9,407,342 15,955,759 16,079,216 Excess (Deficiency) of Total Available Funds Over Total Requirements1,778,580 1,466,531 (10,055,025)(6,002,984)TRF TO ECON GROWTH_DEV(D5507)0375,00000Total Transfers Out8,348,7155,875,0002,650,0002,650,000Trf to PARD CIP Fund7,848,7155,000,0002,150,0002,150,000Trf to Library CIP Fund500,000500,000500,000500,000Total Program Requirements2,661,0233,532,34213,305,75913,429,216Transfers Out Program Requirements Heritage Tourism2,661,0233,532,34213,305,75913,429,216Total Transfers In12,639,48010,752,9895,900,73410,016,232Total Available Funds12,788,319 10,873,874 5,900,734 10,076,232 Other Funds12,639,4809,003,2284,590,0477,790,403Convention Center01,749,7611,310,6872,225,829Total Revenue148,839120,88560,00060,000Transfers In Revenue Interest148,839120,88560,00060,000Historic Preservation Fund 2018-19 2019-20 2020-21 2020-21ActualActualEstimatedAmendedCultural Arts Fund C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 4 2021-22Proposed3,215,4222,923,145(695,565)(1,081,241)(4,034,625) 6,00006,000 5,453,2825,453,2825,459,282 1,080,0001,080,0001,080,000 30,000 344,657 Cultural Arts Fund 2018-19 2019-20 2020-21 2020-21ActualActualEstimatedAmendedRevenue Interest70,15242,7706,00030,000Other Revenue09,51400Total Revenue70,15252,2846,00030,0009,003,2283,895,2027,790,403Transfers In Other Funds12,639,4803,895,202 7,820,403 Total Transfers In12,639,4809,003,2283,895,2027,790,403Total Available Funds12,709,631 9,055,512 7,234,2627,234,262Program Requirements Cultural Arts and Contracts13,001,90812,674,222(4,034,625)586,141 Excess (Deficiency) of Total Available Funds Over Total Requirements(292,277)(3,618,710)586,141 586,141 7,234,262 7,234,262 Total Program Requirements13,001,90812,674,2227,234,2627,234,262Ending Balance2,923,145 (695,565)Total Requirements13,001,908 12,674,222 C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 5 Proposed COVID-19 Spending Framework-2021 – March 23rd American Rescue Plan Cultural Arts Fund Historic Preservation Fund Live Music Fund FY 2021 ARP FY 2022 ARP Total $7.8 M $10.0 M $2.2 M $3.9 M $5.0 M $1.1 M $3.9 M $5.0 M $1.1 M $6.4 M Austin Convention Center Fund $21.9 M $28.3 M Total $16.4 M $31.9 M $48.3 M C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 6 C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 7 Questions? C I T Y O F A U S T I N E C O N O M I C D E V E L O P M E N T 8