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Special Revenue Fund
FY2022 DISCUSSION
The FY2022 Adopted Budget increases by 54% due to the projected increase in HOT taxes as the post-COVID
recovery continues as seen in the other funds. Unlike 2020, the fund will not exhaust all fund balance, rather will
utilize DFW revenue share to restore the PFZ fund balance. 100% of the revenue received will be used to meet
the debt on Dickies Arena. Additionally, due to an overpayment in 2020, the fund owes the State back $1.8M.
The total debt service payment is $15M and the PFZ is only one source. . As with the other funds, returning to
normal in a post COVID world will continue to bring uncertainty. But all indications point to a faster recovery than
anticipated. The performance will continue to be monitored and new hotels in the zone will be captured as they
come onboard. Five (5) new hotels have been added to the zone and more are planned in FY2022.
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