2020 Comprehensive Annual Financial Report

Schedule 56 Page 1 of 2

Performing Arts Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2020

Variance Positive (Negative)

Final Budget

Actual

Operating Revenues:

Charges for Current Services

$ 4,773,606

$

5,000

$ (4,768,606)

Operating Expenses: Personal Services Fringe Benefits

699,308 281,546 4,411,680 80,099 5,472,633

336,400 127,996 956,554 75,494 1,496,444

362,908 153,550 3,455,126 4,605 3,976,189

Maintenance and Operations Capital Outlay Total Operating Expenses

Operating Loss

(699,027)

(1,491,444)

(792,417)

Nonoperating Revenues: Investment Income

186,544

186,544

Net Increase (Decrease) in the Fair Value of Investments Total Investment Income

9,365 195,909

9,365 195,909

Excess of Revenues Under Expenses Before Other Financing Sources

(699,027)

(1,295,535)

(596,508)

Other Financing Sources: Transfers In

690,277 690,277

690,277 690,277

Total Other Financing Sources

Excess of Revenues and Other Financing Sources Under Expenses

(8,750)

(605,258)

(596,508)

Appropriated Fund Balance

8,750

(8,750)

Excess of Revenues and Other Financing Sources Under Expenses

$

$

(605,258)

$ (605,258)

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