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Special Revenue Fund

The fund also provides for the operations of Visit Fort Worth (VFW), formerly known as the Convention & Visitor’s
Bureau (CVB), and the Fort Worth Herd.

In FY2010, the Public Events Department (PED) moved from the General Fund to the Culture & Tourism Fund. This
was completed to align the department’s revenues and expenditures, particularly with regard to the relational
impact PED’s activities have on the Hotel Occupancy Tax.

The Hotel Occupancy Tax captures revenues collected from hotels, motels, bed & breakfasts, inns, 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.

FY2022 DISCUSSION

· The Adopted Budget increases by HOT 7% increases by $1,746,785
· Facility revenue increased by $3,592,831
· The Adopted Budget increases by $375,706 for contributions to fund balance.
· The Adopted Budget increases by $350,000 for security services at WRMC.
· The Adopted Budget increased by $2,841,222 due to increased rebates back to the Omni & Sheraton
hotels

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