February 28, 2019
Mayor Barron Casteel
C/O City Manager
P.O. Box 311747
New Braunfels, TX 78131-1747
Dear Mayor Casteel:
Enclosed is the first quarter fiscal year 2018-2019 financial report along with activities and highlights of this three-month period via jump drive. The annual audit from the previous fiscal year is also enclosed. Supplemental information for your files is enclosed and copies of the executive summary report for each Councilmember, the City Manager, Finance Director and City Secretary.
Data regarding the first fiscal quarter 2017-2018 collections of hotel occupancy tax revenues reflect a decrease of 1.6%. During this quarter the CVB and City worked to get a discovery and collection agency vetted and selected to round up the unpaid hotel occupancy taxes from hundreds of short-term rental owners. We would like to thank City Council for unanimous support and City Staff for their diligence and ability to expedite this process.
We appreciate your support and will be happy to respond to any questions or appear before city council if you so desire regarding this report.
Sincerely,
Michael Meek, CEcD
President
Enclosure
Cc: City Council, City Manager, City Secretary, Finance Director
Chamber Executive Committee
Tiffany Soechting, C&VB Chair
Judy Young, C&VB Vice President