Page 282 - NEXT YEAR BUDGET DETAIL REPORT

HOTEL TAX FUND SUMMARY

BUDGET PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED
FY 2023 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028
BEGINNING FUND BALANCE - 10/1 161,942 161,942 90,372 103,840 113,045 117,869 117,935
FUND REVENUES
Hotel Taxes 272,000 200,000 200,000 202,000 204,020 206,060 208,121
Earned Interest 3,000 2,000 2,000 2,100 2,121 2,142 2,164
TOTAL REVENUES 275,000 202,000 202,000 204,100 206,141 208,202 210,284
FUND EXPENDITURES
Colleyville Promotion/Advertising 163,401 163,401 172,732 178,937 185,120 191,697 198,287
Colleyville Center 110,168 110,168 15,800 15,958 16,197 16,440 16,687
TOTAL EXPENDITURES 273,569 273,569 188,532 194,895 201,317 208,137 214,974

ENDING FUND BALANCE - 9/30 163,372 90,372 103,840 113,045 117,869 117,935 113,245

Note: Due to revenue shortfalls, the City will reallocate costs from this fund to other operating funds.

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