1. Hotel Tax Strategic Discussion
November 25, 2013
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2. Presentation Overview
 Overview of Hotel Tax Uses – Scott Joslove, Texas
Hotel and Lodging Association
 Strategic Uses Discussion
– Available Funds/Revenue Projections
– Current Obligations
– Financial Forecast
 Discussion and Direction
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3. Policy Issue
 Utilize Hotel Tax funds within the uses allowed by
State law to encourage tourism and visitors into
College Station thereby improving the economy.
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4. Hotel Tax Revenues
• FY 07
$2,980,250
• FY 08
$3,585,512
• FY 09
$3,574,649
• FY 10
$3,416,713
• FY 11
$3,558,042
• FY 12
$3,644,137
• FY 13
$4,368,694
46.6% Increase from FY 07
to FY 13
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5. Hotel Tax Revenue
 Revenue Estimate for FY 14
– Original Estimate
$4,246,000
– Revised Estimate
$4,478,000
– 2.5% Increase over FY 13 actual
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6. Hotel Tax Uses
 FY 14 Budgeted Expenditures – City Operations:
– Parks Programs and Events
$492,000
– Sports Tournament Rev Fund
$200,000
– Preferred Access Payment
$229,167
– Administration/Audit Services
– Contingency
– Total
$45,000
$50,000
$1,016,167
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7. Hotel Tax Uses
 FY 14 Budgeted Expenditures – Outside Agency Funding
– Convention & Visitors Bureau
$1,379,340
– Convention and Visitors Bureau Grant Program
$128,000
– Arts Council Operations and Maintenance
$50,000
– Arts Council Affiliates
$365,000
– B/CS Chamber
Total
$25,000
$1,947,340
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8. Hotel Tax Fund Financial Forecast
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9. Hotel Tax Fund Financial Forecast
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10. Conclusions
 Anticipate seeing continued revenue growth
 Given current obligations and projections fund
balance is projected to increase by $1.4 - $2.3
million per year.
 Veteran’s Park Synthetic Fields
– Phase 1 – Under Construction
– Phase 2 – Scheduled for FY 2016
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11. Conclusions
 Potential Chimney Hill property sale proceeds
will go to Hotel Tax Fund
– Not included in forecast
 Resources available for ongoing and 1 Time
Expenditures
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12. Council
Discussion and Direction
Policy Issue
 Utilize Hotel Tax funds within the uses allowed
by State law to encourage tourism and visitors
into College Station thereby improving the
economy.
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