2021 Annual Comprehensive Financial Report

Schedule 60

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, 2021

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Operating Revenues: Other Operating Revenue: Parking Revenue

$

93,180 531,538 85,000

$

93,180 531,537 85,000

$

$

93,180 531,537 85,000

Rent - Real Estate

Reimbursements - Contract Agreements

1,147,897

1,125,799

22,097

1,147,896

Sales and Use Tax Refund

Sale of Materials

2,510

2,510

2,510

Miscellaneous Receivable Revenue

1,215,610 3,075,735

1,033,444 2,871,470

182,166 204,263

1,215,610 3,075,733

Total Operating Revenues

Operating Expenses: Project Expenses:

Maintenance and Operations Performing Arts Center Project

622,567

586,996

4,272

591,268

88,459,715 89,082,282

86,584,872 87,171,868

952,306 956,578

87,537,178 88,128,446

Total Expenses

Operating Loss

(86,006,547)

(84,300,398)

(752,315)

(85,052,713)

Nonoperating Revenues: Investment Income

434,830

444,126

4,210

448,336

44,026,000 44,474,336

Donations and Private Contributions Total Nonoperating Revenues

44,026,000 44,460,830

44,026,000 44,470,126

4,210

Nonoperating Expenses: Interest Expense

4,296,516 682,767 4,979,283

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

639,706

4,296,516 682,767 4,979,283

Bond Issue Expense

Total Nonoperating Expenses

639,706

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

(46,525,000)

(44,169,849)

(1,387,811)

(45,557,660)

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

2,875,000 200,000

2,725,000

150,000 200,000

2,875,000 200,000

11,500,000 13,402,640 43,450,000 (24,902,640) 46,525,000

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) 46,525,000

350,000

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

$

2,005,151 $

(1,037,811) $

$

967,340

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