Page 21 - Proposed budget cover and insert sheets

CITY OF HURST
FY 2025-2026 ADOPTED BUDGET
HOTEL / MOTEL TAX FUND
REVENUES AND EXPENDITURES

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.

ESTIMATED FUND BALANCE OCTOBER 1, 2025 $3,125,242
REVENUES

Hotel/Motel Taxes $975,000
Interest Earnings $78,131
Development Incentives (225,000)
TOTAL REVENUES $828,131
TOTAL FUNDS AVAILABLE $3,953,373
EXPENDITURES

Administration
I Fly Project $5,000
HEB Chamber Ads $5,000 $10,000

Parks
Christmas décor; installation and removal $34,240
Decorative fountain maintenance & landscape $26,950 $61,190

Arts, Culture, and Recreation
Art in Public Places 4.1 $10,000 $10,000

Library
Masterworks Concert Series $30,000 $30,000
Debt Service
Conference Facility $541,200

TOTAL EXPENDITURES $652,390

ESTIMATED FUND BALANCE AT SEPTEMBER 30, 2026 $3,300,983

DEBT SERVICE RESERVE $1,080,200

UNASSIGNED FUND BALANCE AT SEPTEMBER 30, 2026 $2,220,783