R-98-04-23-10B4 - 4/23/1998RESOLUTION NO. R- 98- 04- 23 -10B4
WHEREAS, the City Council has previously adopted by
resolution a 1997 -98 budget for the expenditure of hotel tax funds,
and
WHEREAS, the Council wishes to amend said budget in
accordance with the attached proposal, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the 1997 -98 budget for the expenditure of hotel tax funds
be amended as set forth in Exhibit "A" attached hereto and
incorporated herein for all purposes.
The City Council hereby finds and declares that written notice
of the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to
the public as required by law at all times during which this
Resolution 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, and the Act.
RESOLVED this 23rd day of April, 1998.
ATTEST:
E LAND, City Secretary
R:\ RPOOCB \REROLUTI \R$0433B<.WPD /e[9
CHARLES C PER, Mayor
City of Round Rock, Texas
City of Round Rock
Hotel -Motel Tax Fund #71
1997 -1998 Proposed Budget
96 -97 97 -98 97 -98
Revised Original Revised
ACCOUNT # DESCRIPTION OF ITEM Budget Budget Budget
Beginning Unreserved Fund Balance 10/1/97
$42,000
REVENUES:
71 -00- 000 -4123 Hotel -Motel Occupancy Tax $ 300,000 364,000 364,000
71 -00- 000 -4610 Interest Income 6,000 12,000 12,000
71-00-000-4626 Round Rock Historical Homes Tour 1,750 0 0
71 -00- 000 -4628 Contributions 0 10,000 10,000
Total Revenues 307,750 386,000 386,000
EXPENDITURES:
Tourism Events
1 -23- 139- 5000's Outlaw Trail 100 12,000 13,000 13,000
1 -23- 140- 5000's Sportsfest 10,000 12,000 12,000
71 -23- 167 -5651 Sunrise Kiwanis Club Basketball 7,000 7,000 7,000
71 -23- 167 -5663 Arts & Crafts Expo (Humane Society) 2,400 0 0
71 -23- 167 -5664 Sertoma Girls Softball 10,000 0 0
71 -23- 167 -5665 Music Festival (Bluegrass) 2,500 20,000 20,000
71 -23 -167 -5666 El Amistad 5,000 5,000 5,000
71 -23- 167 -5668 RR Police Officers Assn -BBQ Cook -Off 0 0 0
71 -23- 167 -5669 Rock Hardball Classic 2,500 2,500 2,500
71 -23- 167 -5670 Fast Draw Contest 3,000 3,600 3,600
71 -23- 167 -5673 Frontier Days Advertising 0 0 0
71 -23- 167 -5674 Texas Old Time Fiddlers 5,000 0 0
71 -23- 167 -5676 Morning Kiwanis Cowboy Jubilee 25,000 25,000 25,000
71 -23- 167 -5677 Old Settlers Reunion 2,500 2,500 2,500
71 -23 -167 -5678 Chocolate Affair 0 6,000 6,000
71 -23- 167 -5679 Old Time Texas Dance 0 0 0
71 -23- 167 -5683 TBCH Children at Heart 5,000 5,000 5,000
71 -23- 167 -5688 Daffodil Days 1,500 2,000 2,000
71 -14- 264 -5685 Round Rock Historic Homes Tour 3,850 7,000 7,000
71 -23- 167 -5686 Accordion Kings 9,000 9,500 9,500
71 -23 -167 -5687 Festejo Folklorico 2,500 0 0
71 -23- 167 -5689 Aussie Texans Connection 5,000 0 0
71 -23- 167 -5690 Celtic Music Festival 10,000 0 0
71 -23- 167 -5691 RR Pan Am Golf Association 0 13,950 13,950
71 -23- 167 -5693 RR Quilt and Cloth Doll Show 0 0 2,500
71 -23- 167 -5694 Williamson County Sesquicentennial 0 0 10,000
Total Tourism Events 123,750 134,050 146,550
A t l i uoort
71 -23- 179 -5654 Choir 7,250 8,650 8,650
71 -23- 179 -5656 Sam Bass Theater 4,000 6,575 6,575
71 -23 -179 -5667 Community Band 4,000 4,000 4,000
71 -23- 179 -5681 Ballet Folklorico 5,000 6,600 6,600
Total Arts Support
20,250 25,825 25,825
71 -23- 203 -5640
71 -23- 203 -5639
71 -23- 203 -6112
71 -23- 203 -6110
71 -23- 203 -5641
City of Round Rock
Hotel -Motel Tax Fund #71
1997 -1998 Proposed Budget
ACCOUNT #
DESCRIPTION OF ITEM
96 -97 97 -98 97 -98
Revised - - Original - Revised
Budget Budget Budget --
Tourism Support
OSP @ PV Festival lmpvts
Chamber of Commerce
Lighted Outdoor Sign
Longhorn Statues Project
Event Advertising
0
Total Tourism Support 145,178
Museum Support
71 -23 -314 -5682 Palm House Museum 2,000
75,178 75,178
55,000 0
15,000 0 0
0 25,575 25,575
Total Museum Support 2,000 2,273 2,273
Unallocated
71 -23- 113 -6408 Contingency - Mid Year Events
New Hotel /Motel Demand Survey
10,000
0
0
Total Expenditures 301,178 282,901
Operating Reserves*
Estimated Unreserved Fund Balance 9/30/98
*Operating Reserves are established in accordance with operating reserve policies.
0
75,178
0
100,753 100,753
2,273 2,273
20,000 7,500
0 33,000
Total Contingency 10,000 20,000 40,500
315,901
(100,000)
812,099
Estimated Fund Balance 10/1/97
Less Reserves (*1)
Operating Reserves
Reserve for Future Use
Estimated Revenue (FY 1997 -1998)
Total Funds Available
Requested Expenditures (FY 1997 -1998)
Estimated Unreserved Fund Balance 9/30/98
City of Round Rock
Hotel -Motel Tax Fund #71
Fund Balance Analysis
*1 - Reserves are established in accordance with operating reserve policies.
(100,000)
(300,000)
$ 342,000
(400,000)
386,000
328,000
(315,901)
$ 12,099
DATE: April 17, 1998
SUBJECT: City Council Meeting, April 23, 1998
ITEM: 10. B. 4. Considera resolution amending the 1997 -1998 Hotel /Motel
Budget.
The purpose of this revision is to fund the proposed local hotel /motel
industry demand study by Economics Research Associates.
The study is intended to provide information to the City on the local
hotel /motel industry and the potential of the hotel /motel bed tax
revenue stream. The study consists of two phases, with the first phase
determining the local industry outlook and the optional second phase
producing a full report, suitable for inclusion in a public offering
statement. The complete study (both phases) would cost $30,000 with
the first phase being $15,000. The study is fundable from existing
hotel /motel tax funds. Staff Resource Person: David Kautz, Finance
Director
Currently, 400 rooms are available in local motels and inns. More than 525 additional rooms are
planned or under construction in an additional 5 motels and inns. Due to the rapid and significant
changes in this local industry, it is important for the City to understand the economic realities tied to
this development.
The budget revision is attached for consideration.