FINAL ADOPTED BUDGET 2020-2021

HOTEL/MOTEL OCCUPANCY TAX FUND Hotel/Motel Occupancy Tax: The City of Greensboro levies a 3% Room Occupancy Tax on all hotel/motel rooms within the city limits. The proceeds of the levy are distributed 80% to the City and 20% to the Greensboro Convention and Visitors Bureau. The City currently uses these proceeds to retire debt service on improvements to the Coliseum Complex. The City also funds certain marketing expenses up to $200,000 annually.

Actual

Budget 2019-20

Adopted 2020-21

Projected

2018-19

2021-22

Expenditures by Program Hotel/Motel Occupancy Tax

6,241,348

2,995,663

7,397,690

4,805,947

Total

6,241,348

2,995,663

7,397,690

4,805,947

Actual 2018-19

Budget 2019-20

Adopted 2020-21

Projected 2021-22

Full-time Equivalents by Program Hotel/Motel Occupancy Tax

0.03

0.03

0.03

0.03

Total

0.03

0.03

0.03

0.03

Actual 2018-19

Budget 2019-20

Adopted 2020-21

Projected 2021-22

Expenditures by Type Personnel Costs Maintenance & Operations

6,533 6,234,815 6,241,348 3,550,000 423,000 2,268,348 6,241,348

6,394 2,989,269 2,995,663 4,681,230 364,553 1,150 5,046,933

6,365 7,391,325 7,397,690 4,411,690 261,000 2,725,000 7,397,690

6,722 4,799,225 4,805,947 4,099,000 437,000 269,947 4,805,947

Total

Revenues by Type Intergovernmental Revenue Other Revenues Appropriated Fund Balance

Total

Adopted 2020-21 Budget

40