Page 154 - Budget Book FY2020-2021
P. 154
City of McAllen, Texas
Hotel Occupancy Tax Fund
Summary
Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21
BEGINNING FUND BALANCE $ 40 $ 40 $ 329 $ 329
Hotel Taxes 4,093,724 4,160,880 2,264,296 3,100,033
Penalty & Interest 33,658 - - -
Short Term Rentals 3,235 - - -
Miscellaneous 20 - - -
Total Sources 4,130,638 4,160,880 2,264,296 3,100,033
TOTAL RESOURCES $ 4,130,678 $ 4,160,920 $ 2,264,625 $ 3,100,362
APPROPRIATIONS
Chamber of Commerce $ 1,094,331 $ 1,101,823 $ 559,942 $ 820,474
Total Expenditures 1,094,331 1,101,823 559,942 820,474
Other Financing Sources (Uses):
Transfer Out -
Convention Center Fund 2,188,662 2,206,646 1,122,883 1,643,197
Performing Arts Center Fund 547,357 552,411 281,471 411,362
Development Corporation Fund 100,000 - - -
Parade Fund - 100,000 100,000 25,000
Marketing Campaign 200,000 200,000 200,000 200,000
Total Other Sources 3,036,019 3,059,057 1,704,354 2,279,559
TOTAL APPROPRIATIONS 4,130,350 4,160,880 2,264,296 3,100,033
Revenues over/(under) Expenditures 289 - - -
ENDING FUND BALANCE $ 329 $ 40 $ 329 $ 329
-104-
