Page 155 - Approved Annual Budget FY 2019-2020_Flat
P. 155
City of McAllen, Texas
Hotel Occupancy Tax Fund
Summary
Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
BEGINNING FUND BALANCE $ 40 $ 40 $ 41 $ 16,757
Hotel Taxes 3,701,436 3,722,083 4,079,294 4,160,880
Penalty & Interest 20,057 - 15,190 -
Short Term Rentals 2,779 - 1,526 -
Total Sources 3,724,272 3,722,083 4,096,010 4,160,880
TOTAL RESOURCES $ 3,724,312 $ 3,722,123 $ 4,096,051 $ 4,177,637
APPROPRIATIONS
Chamber of Commerce $ 1,006,454 $ 976,452 $ 1,078,513 $ 1,101,823
Total Expenditures 1,006,454 976,452 1,078,513 1,101,823
Other Financing Sources (Uses):
Transfer Out -
Convention Center Fund 1,762,136 1,955,905 2,160,025 2,206,646
Performing Arts Center Fund 755,681 489,726 540,756 552,411
Development Corporation Fund 100,000 100,000 100,000 -
Parade Fund - - - 100,000
Marketing Campaign 100,000 200,000 200,000 200,000
Total Other Sources 2,717,817 2,745,631 3,000,781 3,059,057
TOTAL APPROPRIATIONS 3,724,271 3,722,083 4,079,294 4,160,880
Revenues over/(under) Expenditures 2 - 16,716 -
ENDING FUND BALANCE $ 41 $ 40 $ 16,757 $ 16,757
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