Backup — original pdf

Backup

Hotel Occupancy Tax Update Sylnovia Holt Rabb, Director Kim McCarson, Program Manager, Music & Entertainment Division Economic Development Department Music Commission Meeting, August 1, 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 – June 2022 Live Music Fund Total Available Funds 1,760,877 1,485,268 1,369,528 1,749,761 1,749,761 1,480,097 1,480,097 1,367,728 1,367,728 Beginning Balance Data not entered Revenue Interest Total Revenue Transfers In Convention Center Total Transfers In Program Requirements Music and Entertainment Division Total Program Requirements Total Requirements Excess (Deficiency) of Total Available Funds Over Total Requirements No data returned for this view. This might be because the applied filter 2019-20 2020-21 Actuals 2021-22 Actual Actual Jun-22 Amended 0 1,760,877 3,241,861 2,943,562 11,116 11,116 5,171 5,171 1,800 1,800 5,000 5,000 0 0 0 4,284 4,284 4,284 50,000 50,000 50,000 1,902,911 1,902,911 1,907,911 2,550,000 2,550,000 2,550,000 -642,089 1,760,877 1,482,705 1,857,911 Ending Balance 1,760,877 3,241,861 4,561,389 2,301,473 • This is the 3rdnd month of Q3. Hot collection allocated for June is $597,045 with a YTD of $89,564,332 which is 128% above the budget of $69,773,408 and 83% of CYE of $102,273,710. PY YTD collection was $31,583,148. • YTD transfer to HPF and LMN is $1,367,728 which is 72% of the Budget of $1,902,911 and 47% of the CYE of $2,925,647 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 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