Page 305 - Fort Worth City Budget 2019

The Culture and Tourism Fund (7% Hotel Occupancy Tax) is a special revenue fund for managing

revenues generated by the City's 7% Hotel Occupancy Tax, by operation of the City's public venues, and
from a General Fund transfer for 380 agreement payments, and used primarily for purposes of operating
the Fort Worth Convention Center, the Will Rogers Memorial Complex, and the Cowtown Coliseum,

funding a contract with the Fort Worth Convention and Visitors Bureau, and to pay costs associated with

construction and debt-financing of the Dickies Arena.

REVENUES
Hotel Occupancy Taxes $23,726,805
Charges for Services $4,440,612
Use of Money and Property $7,717,644
Other Revenue $1,975,337
License and Permits $17,000
Transfer from General Fund $3,844,817
$41,722,215

EXPENDITURES
Culture and Tourism $36,764,003
Transfer to General Fund $1,036,743
Transfer to Culture and Tourism Capital Projects Fund $3,030,000
Transfer to Vehicle and Equipment Replacement Fund $83,000
Transfer to IT Refresh Capital $8,125
Transfer to Culture and Tourism Debt Fund $343,372
Transfer to Venue Debt Fund $456,972
$41,722,215

The Culture and Tourism Fund (2% Hotel Occupancy Tax) is a special revenue fund for managing
revenues generated by the City's 2% Hotel Occupancy and used, in accordance with Tax Code Section

351.1065, for construction or debt-financing of convention center facilities and qualified projects.

REVENUES
Hotel Occupancy Taxes $6,764,802
$6,764,802

EXPENDITURES
Transfer to Culture & Tour DFW Revenue Share Capital Fund $3,071,252
Transfer to Culture and Tourism Debt Fund $3,693,550
$6,764,802

Ordinance No. 23392-09-2018 (Section 2. Special Revenue Funds)

305