Page 188 - Fort Worth City Budget 2019

Special Revenue Fund

Culture and Tourism

FUND SUMMARY

FY2017 FY2018 FY2018 FY2019 Change from Adopted
Final Adopted Adjusted Adopted Amount %
Other Tax 21,006,895 22,639,968 22,639,968 23,726,805 1,086,837 4.80%
License & Permits 16,950 20,000 20,000 17,000 (3,000) -15.00%
Charge for Service 4,407,473 3,445,708 3,445,708 4,440,612 994,904 28.87%
Use of Money & Property 7,608,697 7,489,344 7,489,344 7,717,644 228,300 3.05%
Other 2,563,124 1,873,000 1,873,000 1,975,337 102,337 5.46%
Transfer In 1,237,554 5,013,602 5,013,602 3,844,817 (1,168,785) -23.31%
Revenue $ 36,840,693 $ 40,481,622 $ 40,481,622 $ 41,722,215 $ 1,240,593 3.06%

Salaries & Benefits 9,249,792 10,224,645 10,224,645 10,434,735 210,090 2.05%
Gen Operating & Maintenance 20,671,217 25,106,334 25,106,334 26,329,268 1,222,934 4.87%
Transfer Out & Other 3,643,313 5,150,643 5,150,643 4,958,212 (192,431) -3.74%
Expenses $ 33,564,322 $ 40,481,622 $ 40,481,622 $ 41,722,215 $ 1,240,593 3.06%

FTE 137.00 142.00 5.00 3.65%

AP 137.00 142.00 5.00 3.65%

FUND PURPOSE AND GOALS

The Culture & Tourism Fund is a special revenue fund of the City of Fort Worth, established in 1989 to provide
funding to enhance tourism and promote, develop, and maintain cultural activities in Fort Worth.

The Culture & Tourism Fund is supported by three primary revenue sources: the hotel/motel occupancy tax, the
Dallas/Fort Worth revenue sharing and the revenues generated by the Fort Worth Convention Center and the Will
Rogers Memorial Center.

In FY1998, the City acquired the Fort Worth Convention Center, expanding the facilities of Public Events
Department beyond the Will Rogers Memorial Center. Funding has been allocated in the Culture & Tourism Fund
for the Public Events Department’s operations as well as the debt service for the Fort Worth Convention Center,
Will Rogers Memorial Center and the new Dickies Arena.

The fund also provides funding for the operations of the Fort Worth Convention and Visitor’s Bureau (CVB) and
the Herd.

In FY2010, the entire Public Events Department was moved from the General Fund to the Culture & Tourism Fund.
This was completed to more closely align the department’s revenues and expenditures, particularly with regard
to the impact that its activities have on the hotel occupancy tax.

The hotel occupancy tax captures revenues collected from hotels, motels, and bed and breakfasts, as well as
condominiums, apartments and houses rented for less than 30 consecutive days. The current hotel occupancy
tax rate of 15% levied on every room night charge is split 7% for the City, 6% for the State and the remaining 2%
for debt service for the Fort Worth Convention Center, Will Rogers Memorial Center and the new Dickies Arena.

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