2021 Annual Comprehensive Financial Report

Schedule 59 Page 1 of 2

Performing Arts Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2021

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues: Charges for Current Services Other Operating Revenues

19,421,571 $

$

135,134 478,577 613,711

(19,286,437) $

516,757

(38,180)

Total Operating Revenues

19,938,328

(19,324,617)

Operating Expenses: Personal Services

2,315,663 618,352 19,562,111

893,129 341,722

1,422,534 276,630 18,394,061

Fringe Benefits

Maintenance and Operations

1,168,050

Capital Outlay

70,095

38,125

31,970

Total Operating Expenses

22,566,221

2,441,026

20,125,195

Operating Loss

(2,627,893)

(1,827,315)

800,578

Nonoperating Revenues: Investment Income

100,000

33,640

(66,360)

Net Increase (Decrease) in the Fair Value of Investments

(36,252) (2,612)

(36,252) (102,612)

Total Investment Income

100,000

Nonoperating Expenses: Principal Maturities

1,280,000 791,511

1,280,000 1,437,257

Interest Expense

(645,746)

Miscellaneous Nonoperating Expense Total Nonoperating Expenses

2,500

2,500

2,074,011

2,719,757

(645,746)

Excess of Revenues Under Expenses Before Other Financing Sources

(4,601,904)

(4,549,684)

52,220

Other Financing Sources: Transfers In

4,502,738

1,732,148

(2,770,590)

Excess of Revenues and Other Financing Sources Under Expenses

(99,166)

(2,817,536)

(2,718,370)

Appropriated Fund Balance

99,166

(99,166)

Excess of Revenues and Other Financing Sources Under Expenses

$

(2,817,536) $

(2,817,536) $

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