2020 Comprehensive Annual Financial Report

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, 2020

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 85,000 555,186 2,510 669,113 1,936,526

$

$

93,180 531,537 85,000 1,125,799 2,510 1,033,444 2,871,470

570,613

364,331 934,944

Operating Expenses: Project Expenses:

Maintenance and Operations Performing Arts Center Project Total Expenses

485,767 87,973,414 88,459,181

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

29,341 24,870,075 24,899,416

586,996 86,584,872 87,171,868

Operating Loss

(85,494,216)

(60,335,925)

(23,964,472)

(84,300,398)

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

270,000 44,026,000 44,296,000

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

28,275 30,056,237 30,084,512

444,126 44,026,000 44,470,126

Nonoperating Expenses: Interest Expense Bond Issue Expense

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

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

1,583,021 2,500 1,585,521

3,656,810 682,767 4,339,577

Total Nonoperating Expenses

Excess of Revenues Over (Under) Expenses Before Other Financing Sources (Uses) Other Financing Sources (Uses): Transfer from Hotel/Motel Occupancy Tax Fund Debt Issuances: Master Installment Financing Agreement Issued Installment Financing Agreement Issued Limited Obligation Bonds Issued Payment to Escrow Agent for Refunding of Debt Total Other Financing Sources (Uses)

(46,175,000)

(48,704,367)

4,534,519

(44,169,849)

2,725,000

2,725,000

2,725,000

11,500,000 13,402,640 43,450,000 (24,902,640) 46,175,000

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) 46,175,000

2,725,000

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

$

$ (5,254,367)

$ 7,259,519

$ 2,005,151

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