HomeMy WebLinkAboutFY 23-24 Quarterly Reporting Form - TOT Lake Elsinore 11m) R A
Dean Runyan Associates
DATA COLLECTION FORM:Transient Occupancy Tax
Dean Runyan Associates(DRA) is a consulting company contracted by Visit California to estimate the
economic impact of travel in the state of California in 2024. As part of this service, DRA is collecting
transient occupancy tax(TOT)data from cities and counties in California.This data is critical to
understand travel throughout the state.
We greatly appreciate your cooperation providing the information requested below.
City/County: City Limits of City of Lake Elsinore
Total TOT STVR Revenue Hotel/Motel STVR TOT
Revenue($)* ($)** TOT Rate(%) Rate
QTR 1 (Jul—Sep) 157,439.48 5,274.72 152,164.76 10%
QTR 2 (Oct—Dec) 157,863.84 11,910.62 145,953.22 10%
QTR 3 (Jan—Mar) 140,214.24 8,773.99 131,440.25 10%
QTR 4(Apr—Jun) 171,504.09 11,955.84 159,548.25 10%
Total 627,021.65 37,915.17 589,106.48
*Total TOT revenue should include TOT revenue from all taxable accommodations(hotel, motel,and
STVR).
**Short-term vacation rentals (STVR)— also known simply as"short term rentals" (STR)— constitute
residential properties that are rented for 30 consecutive days or less.They may include vacation rentals
(owner/operator does not live at home)or homestays (owner/operator lives at home). Examples include
Airbnb,Vrbo,Vacasa, etc.
❑ Please check this box if you would like to receive an email notification when the
Economic Impact of Travel Report is published.
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