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G-05-09-22-13A3 - 9/22/2005ORDINANCE NO. C -05 0q as -i3A3 AN ORDINANCE ADOPTING THE HOTEL OCCUPANCY TAX BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2005-2006. 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, the Tourism Commission for the City of Round Rock (the "Commission") has provided the City with a copy of its recommendations forfunding for certain events, arts, and historic preservation, and WHEREAS, in developing the 2005-2006 Hotel Occupancy Tax Budget, the City Council has taken into consideration City -sponsored items which promote tourism, as well the Commission's recommendations, and WHEREAS, a proposed 2005-2006 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 (1995 Edition), Now Therefore BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: @PFDesktop\::ODMA/WORLDOX/0:/WDOX/ORDINANC/050908B3,WPD/rmc That the attached 2005-2006 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 publicas 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. th READ and APPROVED on first reading this the day of , 2005. READ, APPROVED and ADOPTED on second reading this the n Xr" . day of 2005. CHRISTINE R. MARTINEZ, City Secre 2 W L, Mayor of Round Rock, Texas City of Round Rock Hotel Occupancy Tax Fund #710 2005-2006 Proposed Budget DESCRIPTION OF ITEM Revenues e Hotel -Motel Occupancy Tax $ Interest Income Miscellaneous Revenue Transfer from Convention Ctr. Rev. Fund (Net) Transfer from Expansion Fund 03-04 Actual 1,650,149 $ 26,321 2,191 7,005 1,450 04-05 05-06 Approved Proposed Budget Budget 1,620,000 $ 10,000 1,700,000 20,000 Total Revenues 1,687,115 1,630,000 1,720,000 Expenditures Event & Tourism Funding Festivals & Events Advertising 22,473 5,617 Arts Support 2,500 27,460 19,000 19,000 Tourism Support 104,192 32,000 Museum Support 24,000 8,000 8,000 8,000 Contingency 0 20,000 500 Total Event & Tourism Funding 162,125 84,617 ' 54,000 Convention & Visitors Bureau Personnel 83,541 264,858 274,774 Contractual Services 316,638 290,200 231,200 Materials & Supplies 11,386 19,600 Other Services & Charges 31 786 16,840 Capital Outlay � 122,500 131,000 26,240 31,000 2,000 Total Convention & Visitors Bureau 469,591 728,158 655,814 Total Operating Expenditures 631,716 812,775 709,814 Capital Projects Transfer to Capital Project Fund 238,500 Wayfinding-City 200,000 Total Capital Projects Expenditures 238,500 200,000 Convention Center Transfer to Reserve Fund at Trustee Bank 92,285 Transfer to Debt Svc. Fund at Trustee Bank 536,240 5,000 494, 990 542,000 Property Insurance 25,347 32,000 Contingency and Trustee Fees 40,000 6, 661 25,000 48,186 Transfer Capital Repair at Trustee Bank 32,700 75,000 Transfer' to Capital Improvement Fund 75,000 Total Convention Center 100,000 693,233 626,990 810,186 Total Expenditures $ 1,324,949 $ 1,678,265 $ 1,720,000 EXHIBIT `' City of Round Rock Hotel Occupancy Tax Fund # 710 Fund Balance Analysis Estimated Fund Balance 10/01/05 Less Operating Reserves (*1) Estimated Revenue (FY 2005-2006) Total Funds Available Requested Expenditures Estimated Unreserved Fund Balance 9/30/06 $ 1,306,442 2,306,442 (1,000,000) 1,720,000 3,026,442 (1,720,000) * 1 - Operating Reserves are established in accordance with operating reserve policies. DATE: September 16, 2005 SUBJECT: City Council Meeting - September 22, 2005 ITEM: 13.A.3. Consider an ordinance approving the 2005-2006 Hotel/Motel Occupancy Tax Budget. (Second Reading) Department: Finance Staff Person: Cindy Demers, Finance Director Justification: The Hotel/Motel Budget includes operating expenditures associated with the Convention & Visitors Bureau, special event funding and debt service for Dell Diamond/United Heritage Convention Center Complex. Funding: Cost: N/A Source of funds: N/A Outside Resources: N/A Background Information: The Hotel/Motel Fund is used to collect for the levy and use of the hotel -motel bed tax. Proceeds from this tax are to be used toward the promotion of tourism and the convention and hotel industry in the City. Public Comment: N/A THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF ROUND ROCK * IIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIHIIHIIIIIIIIIIIII ::G, 2005084105 I, SHERRI MONROE, Assistant City Secretary of the City of Round Rock, Texas, do hereby certify that I am the custodian of the public records maintained by the City and that the above and foregoing is a true and correct copy of Ordinance No. G -05-09- 22-13A3, which approves the 2005-2006 Hotel/ Motel Occupancy Tax Budget. This ordinance was approved and adopted by the City Council of the City of Round Rock, Texas, on the 22nd day of September, 2005. These minutes are recorded in the official City Council Minute Book No. 53. CERTIFIED by my hand and seal of the City of Round Rock, Texas on this 20th day of October 2005. SHERRI MONROE, Assistant City Secretary ORDINANCE NO. 0-015-0(1-,1--)3/61 3 AN ORDINANCE ADOPTING THE HOTEL OCCUPANCY TAX BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2005-2006. 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, the Tourism Commission for the City of Round Rock (the "Commission") has provided the City with a copy of its recommendations for.funding for certain events, arts, and historic preservation, and WHEREAS, in developing the 2005-2006 Hotel Occupancy Tax .Budget, the. City Council has taken into consideration City -sponsored items which promote tourism, as well the Commission's recommendations, and WHEREAS, a proposed 2005-2006 .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 (1995 Edition), Now Therefore BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: @PFDesktop\::ODMA/WORLDOX/0:/WDOX/ORDINAMC/050908B3,WPD/xmc That the attached 2005-2006. 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 publicas 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. READ and APPROVED on .first reading this the day of , 2005. READ, APPROVED and ADOPTED on second reading this the giSt day of a ATTar/rtiolaVn , 2005. CHRISTINE R. MARTINEZ, City Secre L, Mayor f Round Rock, Texas City of Round Rock Hotel Occupancy Tax Fund #710 2005-2006 Proposed Budget DESCRIPTION OF ITEM 03-04 Actual Revenues Hotel -Motel Occupancy Tax Interest Income Miscellaneous Revenue Transfer from Convention Ctr. Rev. Fund (Net) Transfer from Expansion Fund Total Revenues Expenditures 04-05 05-06 Approved Proposed Budget Budget 1,650,149 $ 1,620,000 $ 26,321 10,000 2,191 7,005 1,450 1,687,115 1,630,000 1,720,000 1,700,000 20,000 Event & Tourism Funding Festivals & Events Advertising 22,473 5,617 2,500 Arts Support 27,460 19,000 19,000 Tourism Support 104,192 32,000 24,000 Museum Support 8,000 8,000 8,000 Contingency 0 20,000 500 Total Event & Tourism Funding 162,125 84,617 54,000 Convention & Visitors Bureau Personnel 83,541 264,858 Contractual Services 316,63823,00 290,200 2311,2200 Materials & Supplies 11,386 19,600 16,840 Other Services & Charges 31,786 122,500 131,000 Capital Outlay 26,240 31,000 Total Convention & Visitors Bureau 2,000 469,591 728,158 655,81414 Total Operating Expenditures 631,716 812,775 709,814 Capital Projects Transfer to Capital Project Fund 238,500 200,000 Wayfinding-City - Total Capital Projects Expenditures 238,500 200,000 Convention Center Transfer to Reserve Fund at Trustee Bank 92,285 Transfer to Debt Svc. Fund at Trustee Bank 536,240 494,9905,000 Property Insurance 542,000 25,347 32,000 40,000 Contingency and Trustee Fees 6,661 25,000 Transfer Capital Repair at Trustee Bank 32,700 75,000 75,00075,00 Transfer to Capital Improvement Fund Total Convention Center - 100,000 693,233 626,990 810,,1818 6 Total Expenditures $ 1,324,949 $ 1,678,265 $ 1,720,000 EXHIBIT "A' 1 City of Round Rock Hotel Occupancy Tax Fund # 710 Fund Balance Analysis Estimated Fund Balance 10/01/05 Less Operating Reserves (*1) Estimated Revenue (FY 2005-2006) Total Funds Available Requested Expenditures Estimated Unreserved Fund Balance 9/30/06 $ 1,306,442 2,306,442 (1,000,000) 1,720,000 3,026,442 (1,720,000) * 1 - Operating Reserves are established in accordance with operating reserve policies. FILED AND RECORDED OFFICIAL PUBLIC RECORDS 2005084105 E ,'i,. 10/20/2005 04:35 PM CARRILLO $32.00 NANCY E. RISTER, COUNTY CLERK WILLIAMSON COUNTY, TEXAS pi tas e_ rd refuury\ fb E. rha,111 Round 1?_00, k -7a.ltp4