2019 Comprehensive Annual Financial Report (CAFR)

Schedule 58

Performing Arts Center Capital Project Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) From Project Inception and For the Year Ended June 30, 2019

Actual Current Year

Project Authorization

Prior Years

Total To Date

Operating Revenues: Other Operating Revenue:

Parking Revenue Rent - Real Estate Reimbursements - Contract Agreements Sales and Use Tax Refund Sale of Materials Miscellaneous Receivable Revenue Total Operating Revenues

$

93,180 619,275 85,000 1,000,000 2,510 1,165,000 2,964,965

$

93,180 531,537

$

$

93,180 531,537 85,000 555,186 2,510 669,113 1,936,526

85,000 55,230 2,510 317,937 1,085,394

499,956

351,176 851,132

Operating Expenses: Project Expenses:

Maintenance and Operations Performing Arts Center Project Total Expenses

415,767 85,048,414 85,464,181

516,065 28,752,595 29,268,660

41,590 32,962,202 33,003,792

557,655 61,714,796 62,272,451

Operating Loss

(82,499,216)

(28,183,266)

(32,152,660)

(60,335,925)

Nonoperating Revenues: Investment Income Donations and Private Contributions Total Nonoperating Revenues

159,831 5,333,112 5,492,943

256,020 8,636,651 8,892,671

415,851 13,969,763 14,385,614

44,026,000 44,026,000

Nonoperating Expenses: Interest Expense Bond Issue Expense

4,298,567 678,217 4,976,784

408,433 677,767 1,086,200

1,665,356 2,500 1,667,856

2,073,789 680,267 2,754,056

Total Nonoperating Expenses

Excess of Revenues Under Expenses Before Other Financing Sources (Uses)

(43,450,000)

(23,776,523)

(24,927,845)

(48,704,367)

Other Financing Sources (Uses): Master Installment Financing Agreement Issued Installment Financing Agreement Issued Limited Obligation Bonds Issues Payment to Escrow Agent for Refunding of Debt Total Other Financing Sources (Uses)

11,500,000 13,402,640 43,450,000 (24,902,640) 43,450,000

11,500,000 13,402,640 43,450,000 (24,902,640) 43,450,000

11,500,000 13,402,640 43,450,000 (24,902,640) 43,450,000

Excess of Revenues and Other Financing Sources Over (Under) Expenses and Other Financing (Uses)

$

$ 19,673,477

$ (24,927,845)

$ (5,254,367)

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