Page 108 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 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 FY2021 FY2022 FY2022 FY2023

Fund Balance, Beginning 160,432 146,778 191,103 189,107
Revenues
Hotel/Motel Tax Revenue 46,805 45,000 35,000 45,000
Interest Income 437 800 800 800
Total Revenues 47,243 45,800 35,800 45,800
Funds Available 207,675 192,578 226,903 234,907

Expenditures
Beautification Expenditures 8,678 19,580 12,600 19,580
Special Events - Overtime 7,194 24,136 24,136 24,172
Non-Departmental 700 1,120 1,060 1,120
Total Expenditures 16,572 44,836 37,796 44,872

Fund Balance, Ending 191,103 147,742 189,107 190,035

Hotel/Motel Tax Fund Ending Fund Balance

$200,000
$175,000
$150,000
$125,000
$100,000
$75,000
$50,000
$25,000
$0
Actual 2021 Adopted 2022 Projected 2022 Proposed 2023