Hotel Occupancy Tax Fund

Hotel Occupancy Tax is revenue collected from hotels and motels located within the Forney city limits. The amount paid to the city is set by ordinance at 7% of the room rate charged by the hotel or motel, excluding all other services provided (meals, laundry, etc.). These funds may be used for both advertising and operational expenditures, as long as the primary purpose of the event is to attract out of town visitors.

Beginning Fund Balance

Revenue Tax Revenue Unused HOT Allotment History Projected Budget

2019 Actual 2020 Budget 2020 Revised 2021 Budget % Change 20,919 105,255 57,988 (8,579) -108.15%

128,979 160,000 125,000 125,000 -21.88% - 13,833 - 128,979 160,000 138,833 125,000 -21.88%

Total Revenue 128,979 160,000 138,833 125,000 -21.88%

Expenditures

Forney Arts Council

14,199 - - - Lions Club 7,301 - - - Downtown Business Association 4,815 - - - Forney Historic Preservation League 9,000 - - - Sharing the Love Foundation 12,595 - 3,500 - Forney Garden Club 3,000 - - - 50,910 - 3,500 - -

Fund Balance 98,988 265,255 193,321 116,421 -56.11%

Transfers Out

Special Events Fund 41,000 201,900 201,900 - -100.00%

Christmas in the Park 20,000 20,000 - -100.00% Summer Concert Series 35,700 35,700 - -100.00% Major Concerts 30,000 30,000 - -100.00% Forney on Ice 75,000 75,000 - -100.00% Brews On Bois D 'Arc 14,000 19,000 19,000 - -100.00% NYE Ball Drop 27,000 22,200 22,200 - -100.00%

Ending Fund Balance 57,988 63,355 (8,579) 116,421 83.76%