Page 411 - APPROVED ANNUAL BUDGET BOOK FY 21-22
P. 411
Adopted Budget 2022 City of McAllen, Texas
HOTEL OCCUPANCY TAX FUND
Fund Balance Summary
Budget Four Year Plan
21-22 22-23 23-24 24-25 25-26
RESOURCES
BEGINNING
WORKING CAPITAL $ 368 $ 368 $ 368 $ 368 $ 368
Revenues:
Hotel Taxes $ 2,800,000 $ 2,828,000 $ 2,856,280 $ 2,884,843 $ 2,913,691
Penalty & Interest 5,000 5,050 5,101 5,152 5,204
Short Term Rentals 6,000 6,060 6,121 6,182 6,244
Total Sources 2,811,000 2,839,110 2,867,502 2,896,177 2,925,139
TOTAL RESOURCES $ 2,811,368 $ 2,839,478 $ 2,867,870 $ 2,896,545 $ 2,925,507
APPROPRIATIONS
Chamber of Commerce $ 717,393 $ 725,424 $ 733,535 $ 741,728 $ 750,002
Other Financing Sources (Uses):
Transfer Out -
Convention Center 1,434,785 1,450,847 1,467,071 1,483,455 1,500,005
Performing Arts Center Fund 358,822 362,839 366,896 370,994 375,132
Parade Fund 100,000 100,000 100,000 100,000 100,000
Marketing Campaign 200,000 200,000 200,000 200,000 200,000
Total Other Sources 2,093,607 2,113,686 2,133,967 2,154,449 2,175,137
TOTAL APPROPRIATIONS $ 2,811,000 $ 2,839,110 $ 2,867,502 $ 2,896,177 $ 2,925,139
ENDING WORKING CAPITAL $ 368 $ 368 $ 368 $ 368 $ 368
VENUE TAX FUND
Fund Balance Summary
Budget Four Year Plan
RESOURCES 21-22 22-23 23-24 24-25 25-26
BEGINNING
WORKING CAPITAL $ 384,127 $ 152,507 $ 212,085 $ 278,602 $ 352,561
Revenues:
Hotel Taxes $ 803,815 $ 860,082 $ 868,683 $ 877,370 $ 886,144
Total Revenues 803,815 860,082 868,683 877,370 886,144
TOTAL RESOURCES $ 1,187,942 $ 1,012,589 $ 1,080,768 $ 1,155,972 $ 1,238,705
APPROPRIATIONS
Other Financing Sources (Uses):
Transfers Out -
Hotel Debt Service Fund $ 568,706 $ 566,906 $ - $ - $ -
G�O Debt Service Fund 233,862 233,598 802,166 803,411 803,095
Performing Arts Center Fund 232,867 - - - -
TOTAL APPROPRIATIONS $ 1,035,435 $ 800,504 $ 802,166 $ 803,411 $ 803,095
ENDING WORKING CAPITAL $ 152,507 $ 212,085 $ 278,602 $ 352,561 $ 435,610
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