Agenda

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Item # 1.

Council Meeting

Meeting Date:	11/10/2020
Department:	City Manager
Pillars:	Gold Standard in Financial Health

AGENDA CAPTION:

Present and Discuss Recommendations for the Hotel Fund's Financial Sustainability.

BACKGROUND:

During the October 27, 2020 Council meeting, Staff began a discussion with Council about the financial sustainability of the Hotel Fund. The discussion included an overview of the Hotel Fund and Texas Hotel Occupancy Tax regulations. A five year projection of the the fund's financial sustainability was presented. Staff also discussed the events and activities of the Hotel Fund in a program-based format. Council provided direction on the development of recommendations.

During this agenda item, Staff will present an update to Council.

RECOMMENDATION:

Staff seeks Council direction.

Attachments
Presentation - Hotel Fund