Backup — original pdf

Backup

Hotel Occupancy Tax Update Sylnovia Holt Rabb, Director Kim McCarson, Program Manager Music and Entertainment Division Economic Development Department June 24, 2022 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 Hotel Occupancy Tax – April 2022 • • • *HOT- April collection of $25.1M and a YTD of $82,139,194. The YTD is 18% above budget of $69,773,408 and 77% of CYE of $107,273,710. Prior year YTD thro’ Apr 2021 was $30,324,615 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 Data not entered 0 1,760,877 3,241,861 2,943,562 No data returned for this view. This might be because the applied filter Note: Numbers may not add due to rounding.Ending Balance1,760,8773,241,861Total Requirements04,2844,204,5892,301,473Excess (Deficiency) of Total Available Funds Over Total Requirements1,760,8771,482,7051,857,911-642,08950,0002,550,000Total Program Requirements04,28450,0002,550,00050,0002,550,000Program Requirements Music and Entertainment Division04,2841,012,7281,907,911Total Transfers In1,749,7611,480,0971,010,9281,902,911Total Available Funds1,760,8771,485,2681,480,0971,010,9281,902,911Transfers In Convention Center1,749,761Total Revenue11,1165,1711,8005,000Interest11,1165,1711,8005,000ActualActualApr-22AmendedRevenue 2019-20 2020-21Actuals 2021-22Live Music Fund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 3