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G-11-09-22-10A3 - 9/22/2011 ORDINANCE NO. AN ORDINANCE ADOPTING THE HOTEL OCCUPANCY TAX BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2011-2012. WHEREAS, the City of Round Rock collects a seven(7) percent hotel occupancy tax on hotel rooms, and WHEREAS, V.T.C.A., Tax Code Section 351.101(a) states, "Revenue from the municipal hotel occupancy tax may be used only to promote tourism and the convention and hotel industry," and Section 3 51.101(b) states, "Revenue derived from the tax authorized by this chapter shall be expended in a manner directly enhancing and promoting tourism and the convention and hotel industry," and WHEREAS, in developing the 2011-2012 Hotel Occupancy Tax Budget, the City Council has taken into consideration City-sponsored items which promote tourism, and WHEREAS, a proposed 2011-2012 budget for Hotel Occupancy Tax funds is attached as Exhibit "A" which provides for expenditure of the funds in a manner that complies with statutory requirements and Section 1.1809 of the City Code (2010 Edition), Now Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That the attached 2011-2012 Hotel Occupancy Tax Budget is hereby approved and the disbursements shown thereon are hereby authorized. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times during which this Ordinance and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. O:\wdox\SCClnts\0112\1104\MUNICIPAL\00231564.DOC/rmc READ and APPROVED on first reading this the�� day of , 2011. v� READ, APPROVED and ADOPTED on second reading this the day of —���- ��iV`✓�i1�' 12011. ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: SARA L. 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Revenues Hotel-Motel Occupancy Tax $ 2,291,326 $ 2,200,000 $ 2,300,000 Interest Income 19,969 15,000 25,000 Total Revenues 2,311,295 2,215,000 2,325,000 Expenditures Event&Tourism Funding Festivals&Events Advertising 15,000 25,500 25,500 Arts Support 16,000 44,000 0 Total Event&Tourism Funding 31,000 69,500 25,500 Convention&Visitors Bureau Personnel 251,411 305,398 258,328 Contractual Services 207,721 244,271 236,717 Materials&Supplies 11,850 25,325 20,725 Other Services&Charges 193,660 200,500 200,500 Total Convention&Visitors Bureau 664,642 775,494 716,270 Total Operating Expenditures 695,642 844,994 741,770 Capital Projects Transfer to Capital Projects Fund 425,000 360,000 423,000 Total Transfer to Capital Projects 425,000 360,000 423,000 Convention Center Property Insurance 40,000 50,000 50,000 Contingency and Trustee Fees 600 45,000 45,000 Transfer to Debt Svc. Fund at Trustee Bank 713,000 715,000 715,000 Transfer Capital Repair at Trustee Bank 100,000 100,000 250,000 Transfer to Capital Improvement Fund 100,000 100,000 100,000 Total Convention Center 953,600 1,010,000 1,160,000 Total Expenditures $ 2,074,242 $ 2,214,994 $ 2,324,770 EXHIBIT 'R��N��a�� � City Council Agenda Summar y Sheet PURPQSE,PASSION.PROSPERITY. Agenda Item No. 10A3. Consider an ordinance adopting the 2011-2012 Hotel/Motel Occupancy Tax Budget. Agenda Caption: (Second Reading) Meeting Date: September 22, 2011 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: The Hotel/Motel Fund is used to collect for the levy and use of the hotel-motel bed tax. The tax rate is 7%. Proceeds from this tax are to be used toward the promotion of tourism and the convention and hotel industry in the City. The proposed Hotel/Motel Budget includes operating expenditures associated with the Convention & Visitors Bureau, event funding and debt service for Dell Diamond/United Heritage Convention Center Complex. Cost: N/A Source of Funds: N/A Date of Public Hearing(if required): September 8t and September 22"d Recommended Action: Approval