SPECIAL FUNDS
Fund 110: HOTEL IMPROVEMENT DISTRICT FUND Hotel and motel operators are required to collect a Transient Occupancy Tax (TOT) and Hotel Improvement District Assessment (HID) on a monthly basis. Each hotel guest (transient) shall pay a tax in the amount of 8 percent Transient Occupancy Tax and 2 percent Hotel Improvement District Assessment Tax of the rent charged by the operator for occupancy during any 30 consecutive calendar days or less. In FY 2023-24, the City reallocated the Hotel Improvement District funding to a new HID Fund which will be managed by a HID board for economic development services.
2021-22 ACTUAL
2022-23
2023-24
2024-25
FUND 110
ESTIMATED
ADOPTED
ADOPTED
BEGINNING FUND BALANCE
-
-
-
-
REVENUES ASSESSMENT REVENUE
- -
- -
3,326,496 3,326,496
3,583,391 3,583,391
SUB-TOTAL REVENUE
EXPENDITURES CONTRACT SERVICES INTERNAL SERVICE SALARY & BENEFITS
- - - - - - - -
- - - - - - - -
2,441,021
2,679,046
51,579 583,896 50,000 200,000
53,416 600,929 50,000 200,000
SUPPLIES
TRAINING/BUS EXPENSE
SUB-TOTAL APPROPRIATIONS
3,326,496
3,583,391
FUND BALANCE - RESTRICTED ENDING FUND BALANCE
- -
- -
326
FY 2023-25 Adopted Budget
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