Page 110 - City of Mansfield FY22 Operarting Budget
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CITY OF MANSFIELD, TEXAS
SPECIAL REVENUE HOTEL/MOTEL FUND
BUDGET SUMMARY
2021/2022
ACTUAL BUDGET BUDGET
2019/2020 2020/2021 2021/2022
Beginning Fund Balance $ 992,477 $ 1,034,174 $ 1,034,174
Additions:
Taxes 545,666 593,563 725,000
Interest 5,080 - -
Other Revenue 24,588 - -
Total 575,334 593,563 725,000
Funds Available 1,567,811 1,627,737 1,759,174
Deductions:
CVB/Tourism 321,991 410,000 411,613
Reserve - 26,563 173,687
Other 211,646 157,000 139,700
Total 533,637 593,563 725,000
Ending Fund Balance $ 1,034,174 $ 1,034,174 $ 1,034,174
Covid-19 impacted revenue in the Hotel/Motel tax fund in FY20. This was offset by significant cost
reductions due to the cancellation of cultural and tourism events.
*Budget is Adopted and Final Budget.
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