Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Finance director: July hotel‑motel collections $380,516; auto‑rental tax below three‑year average
Summary
City finance staff reported July hotel‑motel collections of $380,516, slightly above the three‑year July average, and auto‑rental tax receipts of $98,358—below the three‑year average—at a committee meeting where staff outlined follow‑up on late remittances and ownership changes at several hotels.
The finance director reported that July hotel‑motel tax collections totaled $380,516, exceeding the three‑year July average of $370,104, and that staff will follow up with three properties that are two months behind on remittances.
“The monthly collections total $380,516 for the month,” the finance director said, noting variance from ownership changes and delayed payments in the prior year. The director added that the 3% auto rental tax for July totaled $98,358, below an approximate three‑year average of $132,000, and attributed the variance to an unusually high FY2024 July ($216,000) and some payments that rolled into other months.
Staff reported the total reserve split between the hotel ($10,000) and the auto tax ($17,800) and advised the committee that overall BLW and General Fund staffing is about 87%. The finance update said year‑over‑year revenues are about 4% lower due to timing of franchise fee receipts and that tax bills and license renewals are forthcoming. The committee voted to receive and file the report.
