Page 189 - City of McAllen - Approved Annual Budget Book FY 24-25
P. 189
Adopted Budget 2025 City of McAllen, Texas
VENUE TAX FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
22-23 23-24 23-24 24-25
BEGINNING FUND BALANCE $ 820,065 $ 1,118,108 $ 1,222,543 $ 1,433,793
Revenues:
Hotel Taxes $ 1,439,195 $ 1,369,714 $ 1,556,671 $ 1,587,714
Penalty & Interest 8,347 2,500 23,072 26,128
Short term rentals 5,635 2,503 6,027 6,285
Total Sources 1,453,176 1,374,717 1,585,770 1,620,127
Other Financing Sources:
Transfer In - Hotel Venue Tax Debt Fund - - 198 -
TOTAL RESOURCES $ 2,273,241 $ 2,492,826 $ 2,808,511 $ 3,053,920
APPROPRIATIONS
Other Financing Sources (Uses):
Transfer Out:
Hotel Debt Service Fund $ 567,100 $ - $ - $ -
G�O Debt Service Fund 233,598 802,166 802,166 803,411
Performing Arts Center Fund 250,000 572,552 572,552 572,552
TOTAL APPROPRIATIONS $ 1,050,698 $ 1,374,718 $ 1,374,718 $ 1,375,963
ENDING FUND BALANCE $ 1,222,543 $ 1,118,108 $ 1,433,793 $ 1,677,957
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