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Special Revenue Fund

DFW Revenue Sharing

FUND SUMMARY

FY2020 FY2021 FY2021 FY2022 Change from Adopted

Final Adopted Adjusted Adopted Amount %
Property Tax - - - - - 0.00%
Sales Tax - - - - - 0.00%
Other Tax - - - - - 0.00%
License & Permits - - - - - 0.00%
Intergovernmental - - - - - 0.00%
Charge for Service - - - - - 0.00%
Fines & Forfeitures - - - - - 0.00%
Use of Money & Property - - - - - 0.00%
Special Assesments - - - - - 0.00%
Other 6,795,607 3,660,000 1,500,000 5,500,000 1,840,000 50.27%
Transfer In - - - - - 0.00%
Use of Fund Balance - - 1,162,825 2,200,000 2,200,000 0.00%
Revenue $ 6,795,607 $ 3,660,000 $ 2,662,825 $ 7,700,000 $4,040,000 110.38%

Salaries & Benefits - - - - - 0.00%
Gen Operating & Maintenance - - - - - 0.00%
Capital Accts - - - - - 0.00%
Debt Service Accts - - - - - 0.00%
Transfer Out & Other 5,900,000 3,660,000 2,662,825 7,700,000 4,040,000 110.38%
Contra Accounts - - - - - 0.00%
Project Budget Account - - - - - 0.00%
Expenses $ 5,900,000 $ 3,660,000 $ 2,662,825 $ 7,700,000 $4,040,000 110.38%

FUND PURPOSE AND GOALS

Culture & Tourism promotes increased economic activity through visitor spending generated by events held at
the Fort Worth Convention Center and Will Rogers Memorial Center.

In 1998, the City of Fort Worth entered into an agreement with the Cities of Euless and Dallas to provide for the
sharing of Rental Car taxes generated at DFW International Airport. There are additional agreements with cities
where incremental tax revenues generated by economic development projects within the geographical
boundaries of the DFW Airport are remitted to the City of Fort Worth.

In 2009, the City Council amended the Financial Management Policy Statements providing that the revenues from
DFW Revenue Sharing be dedicated to facility improvements at the Fort Worth Convention Center, Will Rogers
Memorial Center, and the new Dickies Arena.

This fund was established in FY2016 to separate the revenues of the DFW Revenue Sharing from the other revenue
sources in the Culture & Tourism Fund. Revenues received in this fund remain dedicated to the debt and
improvements associated with the Fort Worth Convention Center, the Will Rogers Memorial Center, and the new

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