Page 326 - FortWorthFY23AdoptedBudget

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

fund for 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 faci lities and
qualified projects and for FY2023 shall have receipts and appropriations as follows:

REVENUES
Hotel Occupancy Taxes $7,939,697
$7,939,697

EXPENDITURES
Transfer to Capital Fund $3,371,000
Transfer to Debt Fund $3,717,367
Contribution to Fund Balance/Net Position $851 ,330
$7,939,697

The Cu lture and Tourism DFW Revenue Sharing Fund is a special revenue fund for managing
revenues generated from revenue sharing at the Dallas/Fort Worth International Airport in accordance

with Chapter 22 of the Texas Transportation Code and used to maintain and improve facilities at the
Convention Center and Will Rogers Memorial Complex, and to pay costs associated with construction and

debt-financing of the Dickies Arena and for FY2023 shall have receipts and appropriations as follows:

REVENUES
DFW Revenue Sharing $7,297,215
$7,297,215

EXPENDITURES
Transfer to Capital Fund $1,875,000
Transfer to Debt Fund $2,570,904
Contribution to Fund Balance/Net Position $2,851,311
$7,297,215

The Culture and Tourism Project Finance Zone Fund is a special revenue fund for managing
and segregating revenues generated from Project Finance Zone # I. Funding is used to maintain and

improve faci lities at qualified projects, including the Convention Center, Will Rogers Memorial Complex,
and the Dickies Arena, as well as assist in the payment of Arena debt and for FY2023 shall have receipts

and appropriations as follows:

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Page 326 of 623
Ordinance No. 25773-09-2022