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Ho tel Tax Fund

The Hotel Tax Fund is classi{ed as a governmental fund and is dedicated to managing the revenues generated from the
hotel occupancy tax collected within the City of Colleyville. The primary purpose of this fund is to suppor t tourism-related
activities and projects that promote the City as a destination, enhance the local economy, and improve the quality of life
for residents and visitors alike.

The Hotel Tax Fund is considered a minor fund, as its revenues and expenditures do not constitute more than 10% of the
City ’s appropriated budget . The revenues generated through the hotel occupancy tax are allocated to a variety of eligible
activities, including marketing and promotional effor ts, cultural and recreational events, and the development and
maintenance of facilities that attract tourists to the area.

This fund plays a vital role in bolstering the local hospitality industry and suppor ting the City's economic development
goals by leveraging tourism to drive economic growth.

Revenues vs Expenditures Summary
$ 400K

$300K

$200K

$100K

0
2021 2022 2023 2024 2025 2026

Revenue Actual Revenue Budgeted Expenditures Actual
Expenditures Budgeted

The City of Colleyville is projecting $230K of revenue in FY2026 , which remains the same as the prior year. Budgeted
expenditures are projected to decrease by 8 .9% or $25K to $260K in FY2026 .

FY 2025-2026 Annual Budget | Colleyville Page 76