R-2014-1774 - 9/11/2014 RESOLUTION NO. R-2014-1774
A RESOLUTION ADOPTING THE HOTEL OCCUPANCY TAX BUDGET
OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR
2014-2015.
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 351.101(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 2014-2015 Hotel Occupancy Tax Budget, the City Council
has taken into consideration City-sponsored items which promote tourism, and
WHEREAS, a proposed 2014-2015 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 38-85 of the City Code (2010 Edition), Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the attached 2014-2015 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 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.
0112.1404;00310213
RESOLVED this 11th day of September, 2014.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
Cad ✓ I el7f2111
SARA L. WHITE, City Clerk
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EXHIBIT
City of Round Rock iri4n
Hotel Occupancy Tax Fund#710 1
2014-15 Budget
2012-2013 2013-2014 2013-2014 2014-2015
Actual Adopted Revised Proposed
DESCRIPTION OF ITEM Budget Budget Budget
Revenues
Hotel-Motel Occupancy Tax $ 3,221,200 $ 3,100,000 $ 3,100,000 $ 3,200,000
Interest Income 6,042 25,000 25,000 20,000
Contributions 0 0 0 0
Total Revenues 3,227,242 3,125,000 3,125,000 3,220,000
Expenditures
Event&Tourism Funding
Festivals&Events Advertising 21,910 25,500 25,500 25,500
Total Event&Tourism Funding 21,910 25,500 25,500 25,500
Convention&Visitors Bureau
Personnel 247,994 256,231 256,231 267,337
Contractual Services 201,251 242,321 242,321 242,321
Materials&Supplies 10,456 20,770 20,770 20,780
Other Services&Charges 94,721 197,000 197,000 197,000
Total Convention&Visitors Bureau 554,422 716,322 716,322 727,438
Total Operating Expenditures 576,332 741,822 741,822 752,938
Capital Projects
Transfer to Capital Projects Fund 1,120,036 423,000 423,000 0
Total Transfer to Capital Projects 1,120,036 423,000 423,000 0
Sports Complex
Transfer to Sports Complex 0 590,000 590,000 400,000
Total Transfer to Sports Complex 0 590,000 590,000 400,000
Convention Center
Property Insurance 40,430 45,000 45,000 47,250
Contingency and Trustee Fees 600 45,000 45,000 45,000
Transfer to Reserve Fund at Trustee Bank 0 0 0 0
Transfer to Debt Svc.Fund at Trustee Bank 717,000 719,240 719,240 711,000
Transfer Capital Repair at Trustee Bank 250,000 250,000 250,000 250,000
Transfer to Capital Improvement Fund 100,000 100,000 178,000 100,000
Total Convention Center 1,108,030 1,159,240 1,237,240 1,153,250
Total Expenditures $ 2,804,398 $ 2,914,062 $ 2,992,062 $ 2,306,188