Page 219 - Fort Worth City Budget 2019

Public Improvement District Fund

PID #18 – Tourism

FUND SUMMARY

Change from
FY2017 FY2018 FY2018 FY2019 FY2018 Adopted
Final Adopted Adjusted Adopted Amount %
Charge for Service - - - - - 0.00%
Use of Money & Property - - - - - 0.00%
Other - 3,469,985 3,469,985 4,895,041 1,425,056 29.11%
Transfer In - - - - - 0.00%
Use of Fund Balance - - - - - 0.00%

Revenue $ - $ 3,469,985 $ 3,469,985 $ 4,895,041 $ 1,425,056 29.11%

Gen Operating & Maintenance - 3,452,985 3,397,985 4,840,041 1,387,056 28.66%
Transfer Out & Other - 17,000 72,000 55,000 38,000 69.09%
Expenses $ - $ 3,469,985 $ 3,469,985 $ 4,895,041 $ 1,425,056 29.11%

FUND PURPOSE AND GOALS

Public Improvement District 18 was established in August 2017 for a ten year term, expiring in 2027. The goals of
the proposed Tourism PID focus on increasing the economic impact and enhancing competitiveness in
conventions, meetings, leisure and sports tourism, and increasing tourism-related economic activity at all times,
including economic downturns and as inventory grows.

The proposed Tourism PID projects include incentives and sales efforts, convention and sports marketing and
promotion, site visits and familiarization tours, community arts grants, convention services, event funding
application, operations, research, and administration, all of which benefit the hotels within the Tourism PID. The
boundaries include noncontiguous areas authorized under the Act, consisting only of hotel properties with 100 or
more rooms ordinarily used for sleeping within the City of Fort Worth.

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