G-04-04-22-13B1 - 4/22/2004ORDINANCE NO. l.7' 04-04-.2,24361
AN ORDINANCE AMENDING THE 2003-2004 HOTEL OCCUPANCY
TAX BUDGET.
WHEREAS, the City Council has previously adopted a 2003-2004
Hotel Occupancy Tax Budget, and
WHEREAS, the City Council wishes to amend said budget in
accordance with the attached proposal, Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That the 2003-2004 Hotel Occupancy Tax Budget is amended as
set forth in Exhibit "A" attached hereto and incorporated herein.
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.
READ and APPROVED on first reading this theF.441
day
, 2004.
READ, APPROVED and ADOPTED on second reading this the
aday of , 2004.
AT T:
naithA,
NY EL , Mayor
City . Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secret
@PFGvsr,'on\::�FTIFI WOREDOX/O:/WDOX/ORFINPNC/0404B2.WPLIsc
Y
City of Round Rock
Hotel Occupancy Tax Fund #710
2003-2004 Revised Budget
DESCRIPTION Ol
Revenues
Hotel -Motel Occupancy Tax
Interest Income
Transfer from Convention Ctr. Rev. Fund
Contributions
Total Revenues
Expenditures
Event & Tourism Funding
Festivals & Events Advertising
Arts Support
Tourism Support
Museum Support
Unallocated
Total Event & Tourism Funding
Convention & Visitors Bureau
Personnel
Contractual Services
Materials & Supplies
Other Services & Charges
Capital Outlay
Total Convention & Visitors Bureau
Aptuals;..: Budge
proE
ludgel
$ 1,477,050 $ 1,400,000 $ 1,600,000 $
31,976 50,000 20,000
633,400 -
206
Revised
Budget
$ 1,600,000
20,000
$ 2,142,632 $ 1,450,000 $ 1,620,000 $ $ 1,620,000
42,408 72,300 23,500
23,600 27,490 27,460
133,500 202,210 162,683
10,000 8,000 8,000
- - 46,157
209,508
Total Operating Expenditures 209,508
Capital Projects
Transportation (Shuttle)
Wayfinding-Old Settlers
Wayfinding-City
Feasibility Study -Special Events
Design Services
Recruit Tourism Projects
Trade Show Booth
Total Capital Projects Expenditures
Convention Center
Capital Expansion
Transfer to Reserve Fund at Trustee Bank
Transfer to Debt Svc. Fund at Trustee Bank
Transfer to Stadium Expansion Fund
Transfer to Conv. Center Revenue
Property Insurance
Contingency and Trustee Fees
Capital Repair at Trustee Bank
Total Debt Service
310,000 267,800
310,000 - 267,800
69,850 75,000
519,240 527,990
800,000
617,254 -
25,000 30,000
3,667 25,000
77,010
1,235,011 1,535,000
83,000
536,240
32,000
25,000
75,060
(20,000)
23,500
27.460
162,683
8,000
26,157
(20,000) 247,800
102,347
353,900
5,000
46,500
72,500
102,347
353,900
5,000
46,500
72,500
580,247 580,247
560,247 828,047
38,500
38,500
38,500 38,500
83,000
536,240
32,000
25,000
75,060
751,300 751,300
Total Expenditures $ 1,444,519 $ 1,845,000 $ 1,019,100 $ 598,747 $ 1,617,847
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.
EXHIBIT "A"
2,014,840
(1,000,000)
$1,016,993
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Estimated Fund Balance 10/01/03
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Less Operating Reserves (*1)
0
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Estimated Revenue (FY 2003-2004)
Total Funds Available
Requested Expenditures
69-
Estimated Unreserved Fund Balance 9/30/04
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DATE: April 16, 2004
SUBJECT: City Council Meeting - April 22, 2004
ITEM: *13.B.1. Consider an ordinance amending the 2003-2004 Hotel
Occupancy Tax Budget. (Second Reading)
Department: Finance
Staff Person: Cindy Demers, Finance Director
Justification: Allocate funding to implement Tourism Development and Marketing
plan presented by Destination Development, Inc.
Funding:
Cost: N/A
Source of funds: Hotel Occupancy Tax
Outside Resources: N/A
Background Information:
Public Comment: N/A
Destination Development Inc, in November of 2003,
presented the City with plan to create a
comprehensive tourism development and marketing
program.