Backup — original pdf

Backup

Hotel Occupancy Tax Update Kim McCarson, Program Manager Music and Entertainment Division Economic Development Department October 3, 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 – August 2022 HOT: YTD is $134,452,126M which is 92% above Budget of $69,773,408 and 25% above CYE of $107,273,710. Monthly allocation/posted is $15M. This is the 1st quarter so far that the receipt is $44.9M. There is one month to go. YTD August 2021 was $53,353,881. Transfer from CC operating fund to HPF and LMN based on the actuals will be $3,666,291 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 2022-23 ProposedData not entered 0 1,760,877 3,241,861 2,943,562 6,859,952 2,0002,000 2,954,9672,954,967 2,956,967 3,575,0003,575,000 3,575,000 -618,033No data returned for this view. This might be because the applied filter ActualActualAug-22AmendedLive Music Fund 2019-20 2020-21Actuals 2021-22Interest11,1165,1711,8005,000Revenue Transfers In Total Revenue11,1165,1711,8005,000Total Transfers In1,749,7611,480,0973,666,2911,902,911Convention Center1,749,7611,480,0973,666,2911,902,911Program Requirements Total Available Funds1,760,8771,485,2683,668,0911,907,911Total Program Requirements04,28450,0002,550,000Music and Entertainment Division04,28450,0002,550,0002,301,4736,241,919Total Requirements04,28450,0002,550,000Excess (Deficiency) of Total Available Funds Over Total Requirements1,760,8771,482,7051,857,911-642,089Note: Numbers may not add due to rounding.Ending Balance1,760,8773,241,8616,859,952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