Page 106 - Haltom City Budget FY21

CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 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 Adopted
FUND 14 FY2019 FY2020 FY2020 FY2021

Fund Balance, Beginning $119,264 $122,162 $126,973 129,776

Revenues
Hotel/Motel Tax Revenue 45,781 45,000 35,000 45,000
Interest Income 3,174 3,000 2,800 2,800
Total Revenues 48,955 48,000 37,800 47,800
Funds Available 168,219 170,162 164,773 177,576

Expenditures
Beautification Expenditures 17,278 19,580 9,700 16,384
Special Events - Overtime 23,081 24,127 24,237 24,136
Non-Departmental 887 12,460 1,060 1,060
Total Expenditures 41,246 56,167 34,997 41,580
Fund Balance, Ending $126,973 $113,995 $129,776 135,996

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

$100,000

$75,000

$50,000
$25,000

$0
Actual 2019 Adopted 2020 Projected 2020 Proposed 2021

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