Page 97 - Haltom City FY20 Approved Budget

City of Haltom City Annual Budget, FY 2020

Special Revenue Funds

HOTEL / MOTEL TAX FUND

Revenues for this fund come from the 7% Hotel/Motel Occupancy Tax levied on all hotels
and motels in the City. Funds are used for advertising and general promotion of the City
and historical preservation. The City also uses these funds to support the beautification
program.

HOTEL/MOTEL TAX FUND
BUDGET SUMMARY

Actual Adopted Projected Proposed
FUND 14 FY2018 FY2019 FY2019 FY2020

Fund Balance, Beginning $115,445 $106,104 $119,264 122,162

Revenues
Hotel/Motel Tax Revenue 46,865 44,000 44,000 45,000
Interest Income 1,048 1,200 2,800 3,000
Total Revenues 47,914 45,200 46,800 48,000

Funds Available 163,359 151,304 166,064 170,162

Expenditures
Beautification Expenditures 18,736 19,060 18,545 19,580
Special Events - Overtime 21,045 24,237 24,237 24,127
Non-Departmental 4,314 12,520 1,120 12,460
Total Expenditures 44,094 55,817 43,902 56,167

Fund Balance, Ending $119,264 $95,487 $122,162 113,995

Hotel/Motel Tax Fund Ending Fund Balance
$125,000

$100,000

$75,000
$50,000

$25,000

$0
Actual 2018 Adopted 2019 Projected 2019 Proposed 2020

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