Page 110 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 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 FY2020 FY2021 FY2021 FY2022

Fund Balance, Beginning $126,964 $122,162 $148,674 146,778

Revenues
Hotel/Motel Tax Revenue 43,679 45,000 35,000 45,000
Interest Income 2,406 2,800 900 800
Total Revenues 46,086 47,800 35,900 45,800

Funds Available 173,050 169,962 184,574 192,578

Expenditures
Beautification Expenditures 5,962 16,375 12,600 19,580
Special Events - Overtime 5,953 24,136 24,136 24,136
Non-Departmental 12,460 1,060 1,060 1,120
Total Expenditures 24,375 41,571 37,796 44,836

Fund Balance, Ending $148,674 $128,391 $146,778 147,742

Hotel/Motel Tax Fund Ending Fund Balance

$175,000
Adopted 2021
$150,000
Projected 2021
$125,000 Proposed 2022
$100,000
$75,000
$50,000

$25,000
$0
Actual 2020 Adopted 2021 Projected 2021 Proposed 2022