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APPROVED BUDGET FISCAL YEAR 2022-2023
CITY OF HURST
FY 2022 - 2023 PROPOSED BUDGET
HOTEL/MOTEL FUND
REVENUES AND EXPENDITURE SUMMARY
The Hotel/Motel Tax Fund collects as revenue a 7% hotel occupancy tax that is remitted
quarterly from hotels within the city limits. Projects for this fund are recommended by the
Parks and Recreation Board and approved by the City Council on an annual basis and are
restricted to projects relating to the promotion of tourism and community development. The
City currently has five hotels in operation. The largest hotel, Hyatt Place, opened December
1998. The Hampton Inn opened in 2004. The Holiday Inn Express opened in the summer of
2008. A Hilton Garden Inn was constructed adjacent to the Hurst Conference Center and
opened in summer 2018. A new Candlewood Suites was completed in 2020.
LINE ITEM FY 2019 FY 2020 FY 2021 FY 2022 FY 2022 FY 2023
DESCRIPTION ACTUALS ACTUALS ACTUALS BUDGET ESTIMATES ADOPTED
BEGINNING FUND
BALANCE 2,008,279 1,769,833 1,517,345 1,544,842 1,544,842 1,756,006
REVENUES
HOTEL/MOTEL TAX 905,677 660,845 596,461 775,000 850,000 775,000
HOTEL MOTEL TAX
CONTRA (261,300) (149,754) (146,429) (235,700) (206,373) (203,702)
INTEREST 36,156 17,968 19,538 - 7,437 7,550
TOTAL REVENUES 680,533 529,059 469,570 539,300 651,064 578,848
TOTAL FUNDS
AVALIABLE 2,688,812 2,298,892 1,986,915 2,084,142 2,195,906 2,334,854
OPERATING EXPENDITURES
PRO. SERVICES 54,853 49,841 55,000 50,000 50,000 50,000
ADVERTISING 869 3,545 3,545 15,000 1,700 15,000
BOTANICAL 21,128 17,297 17,297 24,500 10,000 24,500
SPECIAL EVENTS AND
PROGRAMS & ARTS 265,230 3,925 3,925 15,000 15,000 125,000
TOTAL OPERATING
EXPENDITURES 342,950 75,014 80,173 104,500 76,700 214,500
DEBT SERVICE 360,900 364,100 361,900 363,200 363,200 360,600
TOTAL EXPENDITURES 703,850 439,114 442,073 467,700 439,900 575,100
ENDING FUND 1,984,962 1,517,345 1,544,842 1,616,442 1,756,006 1,759,754
BALANCE
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