2023 Annual Comprehensive Report

Schedule 55

Coliseum Capital Improvement Bond Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) From Project Inception and For the Year Ended June 30, 2023

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues: Sales and Use Tax Refund

$

410,000

$

447,367

$

13,297

$

460,664

Expenses:

Capital Improvements: Development League Offices

908,197 3,997,771 4,638,034 8,732,564 5,751,340 5,941,111 1,034,587 31,003,604

908,197 3,987,834 4,622,128 8,722,184 4,798,464 5,941,110

908,197 3,987,834 4,622,128 8,722,184 5,788,404 5,941,110

Parking Improvements Roof Replacement

Aquatic Center Pool Addition Other Facility Improvements

989,940

Fieldhouse

Bond Issue Expense

Total Expenses

28,979,917

989,940

29,969,857

Operating Loss

(30,593,604)

(28,532,550)

(976,643)

(29,509,193)

Nonoperating Revenues: Investment Income

200,000 1,000,000 1,200,000

222,469 1,000,000 1,222,469

724

223,193 1,000,000 1,223,193

Donations and Private Contributions Total Nonoperating Revenues

724

Excess of Revenues Under Expenses Before Other Financing Sources

(29,393,604)

(27,310,081)

(975,919)

(28,286,000)

Other Financing Sources: Transfer from Hotel/Motel Occupancy Tax Fund

28,275,000 1,118,604 29,393,604

27,542,141 1,118,604 28,660,745

27,542,141 1,118,604 28,660,745

Transfer from Coliseum Fund

Total Other Financing Sources

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

(975,919)

374,745

$

$ 1,350,664

$

$

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