Page 110 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 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 FY2023 FY2024 FY2024 FY2025

Fund Balance, Beginning 235,185 295,014 295,014 320,164

Revenues
Hotel/Motel Tax Revenue 67,212 60,000 60,000 75,000
Interest Income 11,795 1,788 12,000 9,000
Total Revenues 79,007 61,788 72,000 84,000

Funds Available 314,192 356,802 367,014 404,164

Expenditures
Beautification Expenditures 9,444 19,580 15,850 94,675
Special Events - Overtime - - - -
Non-Departmental 9,734 1,120 31,000 32,000
Total Expenditures 19,178 20,700 46,850 126,675
Fund Balance, Ending 295,014 336,102 320,164 277,489

Hotel/Motel Tax Fund Ending Fund Balance

$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Actual 2023 Adopted 2024 Projected 2024 Proposed 2025