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G-03-11-13-10A1 - 11/13/2003ORDINANCE NO. 0- 03-11-13- J®i 1 AN ORDINANCE ADOPTING THE HOTEL OCCUPANCY TAX BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2003-2004. WHEREAS, the City of Round Rock collects a seven (7) percent tax on hotel/motel rooms, and WHEREAS, the tax money is to be spent for promoting tourism and the arts, and WHEREAS, the Round Rock Chamber of Commerce ("Chamber") has provided the City with a copy of it's adopted Tourism Budget for Fiscal Year 2003-04; and WHEREAS, the Chamber's Tourism Committee has provided the City with a copy of it's recommendations of funding for events, arts, and historic preservation, and WHEREAS, in developing the 2003-2004 Hotel Occupancy Tax Budget the City Council has taken into consideration City -sponsored items which promote tourism, as well the Chamber's recommendations, and WHEREAS, a proposed 2003-2004 budget for Hotel Occupancy Tax funds is attached as Exhibit "A" which provides for expenditure of the funds in a manner in compliance with Section 1.1809 of the City Code (1995 Edition), Now Therefore BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That the attached 2003-2004 Hotel Occupancy Tax Budget is hereby approved and the disbursements shown thereon are hereby 0:\wdox\ORDINANC\031023A1.WPD/sc 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. 2 READ and APPROVED on first reading this the a 211,� day of OOJ.&dJ_M) , 2003. READ, APPROVED and ADOPTED on second reading this the 6-- day of �� 1' , 2003. ATTES 4AIK 4047L 411. N i%' W , Mayos t of Round Rock, Texas CHRISTINE R. MARTINEZ, City Secretary 2 City of Round Rock Hotel Occupancy Tax Fund #710 2003-2004 Proposed Budget REVENUES: Hotel -Motel Occupancy Tax Interest Income Transfer from Convention Ctr. Rev. Fund Contributions Total Revenues $1,477,050 31,976 633,400 206 2,142,632 $1,400,000 50,000 0 0 $1,600,000 20,000 0 0 1,460,000 1,620,000 EXPENDITURES: Festivals & Events Advertising Central Texas Bluegrass Festival 0 4,000 0 Central Texas Antique Fair 0 10,000 0 Cowboy Christmas Ball 8,000 8,000 4,000 *1 Daffodil Days 1,388 1,500 1,500 Fiesta Amistad 8,000 8,000 6,000 Frontier Days 10,000 8,000 6,000 Old Settlers Reunion 2,500 2,500 6,000 Pony National Girls Softball Toumey 6,500 6,500 0 Quilt Round Up 0 10,000 0 RR Folk (Quilt and Cloth Doll) Art Show 3,000 0 0 Sunrise Kiwanis Holiday Basketball Classic 3,020 3,800 0 PARD Convention Marketing 0 10,000 0 Total Festivals & Events Advertising 42,408 72,300 23,500 Arts Support Ballet Folklorico 5,300 7,990 7,960 Round Rock Community Choir 10,000 10,000 10,000 Sam Bass Theatre 8,300 9,500 9,500 Total Arts Support 23,600 27,490 27,460 Tourism Support Chamber of Commerce 85,000 86,900 84,000 Tourism Marketing Programs 48,500 65,000 45,327 Tourism Study 0 50,000 33,356 *2 Unallocated 0 310 0 Total Tourism Support 133,500 202,210 162,683 Museum Support Palm House Museum 10,000 8,000 8,000 Total Museum Support 10,000 8,000 8,000 Unallocated Contingency 0 0 46,157 Total Unallocated 0 0 46,157 Subtotal: Festival, Tourism, Arts & Museum 209,508 310,000 267,800 Convention Center Complex Project Transfer to Reserve Fund at Trustee Bank Transfer to Debt Svc. Fund at Trustee Bank Transfer to Stadium Expansion Fund Transfer to Cony. Center Revenue Property Insurance Contingency and Trustee Fees Capital Repair at Trustee Bank Total Convention Center Project Total Expenditures 69,850 75,000 83,000 519,240 527,990 536,240 O 800,000 0 617,254 0 0 25,000 30,000 32,000 3,667 25,000 25,000 O 77,010 75,060 1,235,011 1,535,000 751,300 $1,444,519 $1,845,000 $1,019,100 Estimated Fund Balance 10/01/03 Operating Reserves* Estimated Unreserved Fund Balance 9/30/04 *Operating Reserves are established in accordance with operating reserve policies. *1 Cowboy Chritmas Ball $2,200 Advertising, $1,800 Arts Support *2 Amount remaining from original contract with Destination Development. 1,916,075 (1,000,000) $1,516,975 EXHIBIT "• A 11 DATE: November 7, 2003 SUBJECT: City Council Meeting - November 13, 2003 ITEM: 10.A.1. Consider an ordinance approving the Hotel/Motel Occupancy Tax Budget for FY 2003-04. (Second Reading) Resource: History: David Kautz, Assistant City Manager /Chief Financial Officer Cindy Demers, Finance Director Sharon Prete, Parks and Recreation Director The hotel -motel occupancy tax budget is presented to the City Council annually for adoption. By State law, amounts spent from the fund may be used only to promote tourism and the convention and hotel industry. The hotel -motel budget is developed through combined efforts by the Round Rock Chamber of Commerce and the City of Round Rock. This year, due to the ongoing tourism study, minimum funding is provided for the tourism marketing program. The budget also reflects funding levels for events, arts and historic preservation as recommended by the Chamber of Commerce Tourism Committee and full annual debt service funding for the Stadium/Convention Center complex. Staff anticipates returning to the Council later this year with a comprehensive marketing budget based on the recommendations provided by the tourism study. Funding: Cost: N/A Source of Funds: N/A Outside Resources: N/A Impact/Benefit: N/A Public Comment: N/A Sponsor: Parks and Recreation Department and Finance Department