Page 373 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

HOTEL OCCUPANCY TAX

SPECIAL REVENUE FUND Special Revenue Funds

Hotel Occupancy
2027 Proposed and 2026 Revised Budget

$ Increase/ $ Increase/
2025 2026 2026 (Decrease) % Increase/ 2027 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Taxes $2,528,060 $2,600,000 $2,700,000 $100,000 3.8% $2,800,000 $200,000 7.7%
Miscellaneous $56,363 $0 $0 $0 $0 $0 0.0%
Interest 188,379 125,000 125,000 0 0.0% 125,000 0 0.0%
Total Revenues $2,772,802 $2,725,000 $2,825,000 $100,000 3.7% $2,925,000 $200,000 7.3%

EXPENDITURES
Personnel $337,951 $325,621 $325,621 $0 0.0% $397,362 71,741 22.0%
Operations 1,029,085 1,126,275 1,126,275 0 0.0% 1,157,693 31,418 2.8%
Capital 0 0 0 0 0.0% 0 0 0.0%
Total Expenditures $1,367,036 $1,451,896 $1,451,896 $0 0.0% $1,555,055 $103,159 7.1%

Net Revenues $1,405,766 $1,273,104 $1,373,104 $100,000 $1,369,945 $96,841

Transfer to other funds ($698,750) (717,750) (736,751) (755,750)
Total Other Sources/(Uses) ($698,750) ($717,750) ($736,751) ($755,750)

Beginning Fund Balance $4,223,116 $4,930,132 $4,930,132 $5,566,485
Ending Fund Balance $4,930,132 $5,485,486 $5,566,485 $6,180,680

FY 2027 HIGHLIGHTS

- For FY 2027, total revenues are estimated at $2,925,000.

- Total planned expenditures for this fund are $1,555,055 and includes funding for marketing, advertising,
and Tourism Comprehensive Plan implementation. The operating budget also includes funding for the
personnel costs directly attributable to tourism.

- The ending fund balance is projected at $6,180,680.

FY 2027 City of Southlake | Budget Book 373