Page 277 - FortWorthFY22AdoptedBudget

The Culture and Tourism Fund (7% Hotel Occupancy Tax) is a special revenue fund for
managing revenues generated by the City's 7% Hotel Occupancy Tax, by operation of the City's public

venues, and from a General Fund transfer for 380 agreement payments, and used primarily for purposes

of operating the Fort Worth Convention Center, the Will Rogers Memorial Complex, and the Cowtown
Coliseum, funding a contract with the Fort Worth Convention and Visitors Bureau, and to pay costs
associated with construction and debt-financing of the Dickies Arena and for FY2022 shall have receipts

and appropriations as follows:

REVENUES
Hotel Occupancy Taxes $20,526,113
Charges for Services $4,833,487
Use of Money and Property $9,161,429
Other Revenue $1,859,903
License and Permits $5,500
Transfer from General Fund {380 Agreement) $3,691,893
$40,078,325

EXPENDITURES
Culture and Tourism $37,090,240
Transfer to General Fund $901,477
Transfer to Culture and Tourism Capital Projects Fund $856,000
Transfer to Vehicle and Equipment Replacement Fund $25,000
Transfer to IT Refresh Capital $31,500
Transfer to Culture and Tourism Debt Fund $343,372
Transfer to Venue Debt Fund $455,030
Contribution to Fund Balance $375,706
$40,078,325

The Culture and Tourism Fund (2% Hotel Occupancy Tax) is a special revenue fund fo r

managing revenues generated by the City's 2% Hotel Occupancy Tax and used, in accordance with the

Texas Tax Code Section, for construction or debt-financing of convention center facilities and qualified
projects and for FY2022 shall have receipts and appropriations as follows:

REVENUES
Hotel Occupancy Taxes $5,843,175
$5,843,175

EXPENDITURES
Transfer to Culture and Tourism Debt Fund $1,988,188
Transfer to Venue Debt Fund $3,763,625
Contribution to Fund Balance/Net Position $91,362
$5,843,175

Ordinance No. 25073-09-2021 Page 5 of 34
Page 277 of 581