Page 156 - APPROVED ANNUAL BUDGET BOOK FY 21-22
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City of McAllen, Texas Adopted Budget 2022
HOTEL OCCUPANCY TAX FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
19-20 20-21 20-21 21-22
BEGINNING FUND BALANCE $ 329 $ 329 $ 367 $ 368
Revenues:
Hotel Taxes $ 3,060,004 $ 3,100,033 $ 2,743,148 $ 2,800,000
Penalty & Interest 21,274 - 2,022 5,000
Short Term Rentals 5,138 - 7,871 6,000
Miscellanous 40 - - -
Total Sources 3,086,454 3,100,033 2,753,041 2,811,000
TOTAL RESOURCES $ 3,086,783 $ 3,100,362 $ 2,753,408 $ 2,811,368
APPROPRIATIONS
Chamber of Commerce 796,079 820,474 722,261 717,393
Total Expenditures $ 796,079 $ 820,474 $ 722,261 $ 717,393
Other Financing Sources (Uses):
Transfer Out -
Convention Center Fund $ 1,592,157 $ 1,643,197 $ 1,444,522 $ 1,434,785
Performing Arts Center Fund 398,179 411,362 361,257 358,822
Parade Fund 100,000 25,000 25,000 100,000
Marketing Campaign 200,000 200,000 200,000 200,000
Total Other Sources 2,290,336 2,279,559 2,030,779 2,093,607
TOTAL APPROPRIATIONS $ 3,086,415 $ 3,100,033 $ 2,753,040 $ 2,811,000
Revenues over/(under) Expenditures 41 - 1 -
ENDING FUND BALANCE $ 367 $ 329 $ 368 $ 368
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