Page 136 - City of Fort Worth Budget Book

Special Revenue Fund Culture and Tourism

FUND SUMMARY

FY2022 FY2023 FY2023 FY2024 Chg from PY Adopted
Final Adopted Adjusted Rec. Amount %
Revenues
Property Tax $ — $ — $ — $ — $ — 0.0 %
Sales Tax — — — — — 0.0 %
Other Tax 27,895,729 27,863,939 30,459,986 33,658,522 5,794,583 20.8 %
License & Permits 14,550 6,000 6,000 21,000 15,000 250.0 %
Intergovernmental — — — — — 0.0 %
Charge for Service 5,874,168 5,043,250 5,043,250 5,275,590 232,340 4.6 %
Fines & Forfeitures — — — — — 0.0 %
Use of Money & Property 8,471,149 8,383,961 8,383,961 9,162,395 778,434 9.3 %
Special Assessments — — — — — 0.0 %
Other 2,797,401 2,142,111 2,142,111 2,189,021 46,910 2.2 %
Transfer In 2,530,262 2,927,456 3,047,456 3,834,585 907,129 31.0 %
Use of Fund Balance — — 5,343,899 — — 0.0 %
Total Revenues 47,583,259 46,366,717 54,426,663 54,141,113 7,774,396 16.8 %

Expenses
Salaries & Benefits 10,248,651 12,158,327 12,158,327 13,217,593 1,059,266 8.7 %
Gen Operating &
Maintenance 25,184,191 30,273,172 34,302,639 35,005,965 4,732,793 15.6 %
Capital Accts — — — — — 0.0 %
Debt Service Accts — — — — — 0.0 %
Transfer Out & Other 3,374,189 3,935,218 7,965,697 5,917,555 1,982,337 50.4 %
Contra Accounts — — — — — 0.0 %
Project Budget Account — — — — — 0.0 %
Total Expenses 38,807,031 46,366,717 54,426,663 54,141,113 7,774,396 16.8 %
Grand Total $ (8,776,228) $ — $ — $ — $ — 0.0 %

2023 2024 Change
Fund AP FTE AP FTE AP FTE
Culture and Tourism Fund 138.00 138.00 138.00 138.00 — —
Total 138.00 138.00 138.00 138.00 — —

FUND PURPOSE AND GOALS
The Culture & Tourism (C&T) Fund is a special revenue fund of the City of Fort Worth established in 1989 to
provide funding to enhance tourism and promote, develop, and maintain cultural activities in Fort Worth.

The Culture & Tourism Fund is supported by two primary revenue sources: The Hotel/Motel Occupancy Tax, and
service revenues generated by the Fort Worth Convention Center (FWCC) and the Will Rogers Memorial Center
(WRMC).

Funding is allocated in the Culture & Tourism Fund for the Public Events Department’s (PED) operations,
including the Office of Outdoor Events, the Fort Worth Convention Center, the Will Rogers Memorial Center, and
debt payments for both of those facilities as well as Dickies Arena.

Page 136