Page 72 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transient Occupancy Tax - Collection Agreements

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - 3,678 4,936 6,140 5,888 (252) 5,888 1,930
AUGUST - 3,820 5,165 4,490 5,764 1,274 5,764 1,890
SEPTEMBE 3,006 3,395 4,659 4,060 5,266 1,206 5,266 1,726
OCTOBER 2,649 3,174 4,181 3,650 4,721 1,071 4,721 2,419
NOVEMBER 2,536 3,323 4,573 3,990 4,607 617 4,607 3,777
DECEMBER 2,202 2,889 4,195 3,660 3,327 (333) 3,327 3,725
JANUARY 2,164 2,829 4,055 3,540 3,457 (83) 3,457 3,871
FEBRUARY 3,052 4,506 5,623 4,880 4,579 (301) 4,579 5,128
MARCH 3,061 4,217 5,446 4,730 4,195 (535) 4,195 4,697
APRIL 3,680 4,695 6,419 5,090 3,029 3,392
MAY 3,478 4,579 5,680 4,970 1,863 2,087
JUNE 3,741 5,001 5,942 5,420 1,949 2,183
TOTAL $ 29,570 $ 46,106 $ 60,873 $ 54,620 $ 48,645 $ 36,825
% Change NA 55.9% 32.0% -10.3% -20.1% -24.3%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - 3,678 4,936 6,140 5,888 (252) 5,888 1,930
AUGUST - 7,498 10,101 10,630 11,652 1,022 11,652 3,820
SEPTEMBE 3,006 10,893 14,760 14,690 16,918 2,228 16,918 5,546
OCTOBER 5,655 14,067 18,940 18,340 21,639 3,299 21,639 7,965
NOVEMBER 8,191 17,390 23,513 22,330 26,246 3,916 26,246 11,742
DECEMBER 10,394 20,279 27,708 25,990 29,573 3,583 29,573 15,467
JANUARY 12,557 23,108 31,763 29,530 33,030 3,500 33,030 19,338
FEBRUARY 15,609 27,615 37,387 34,410 37,609 3,199 37,609 24,466
MARCH 18,671 31,832 42,833 39,140 41,804 2,664 41,804 29,163
APRIL 22,351 36,526 49,251 44,230 44,833 32,555
MAY 25,829 41,105 54,931 49,200 46,696 34,642
JUNE 29,570 46,106 60,873 54,620 48,645 36,825
The transient occupancy tax is levied on lodging rented for 30 days or less to be paid by the occupant (guest). The
operator (host) is responsible for collecting and remitting the TOT to the City. Hosts renting out private rooms or
residences are not exempted from collecting the TOT from their guests.
A net decline in in TOT from short-term rentals includes the same pandemic-driven assumptions as hotels, as well
as the continuing 30 percent reduction to receipts with the full implementation of the City’s home-sharing policy.

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