2025 Annual Comprehensive Report

Schedule 58 Page 1 of 2

Performing Arts Center Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2025

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

$ 34,845,846

$ 14,362,282

$ (20,483,564)

689,038

693,659

4,621

Total Operating Revenues

35,534,884

15,055,941

(20,478,943)

Operating Expenses: Personal Services

2,848,462 790,449 29,000,953

2,392,373 697,354 8,418,612 101,375 11,609,714

456,089 93,095

Fringe Benefits

Maintenance and Operations

20,582,341

Capital Outlay

79,000

(22,375)

Total Operating Expenses

32,718,864

21,109,150

Operating Income

2,816,020

3,446,227

630,207

Nonoperating Revenues: Investment Income (Loss)

50,000

349,633

299,633

Net Increase (Decrease) in the Fair Value of Investments

178,459 528,092

178,459 478,092

Total Investment Income

50,000

Nonoperating Expenses: Principal Maturities

1,390,000 1,473,520

1,435,000 1,415,091

(45,000) 58,429

Interest Expense

Miscellaneous Nonoperating Expense

2,500

2,750

(250)

Total Nonoperating Expenses

2,866,020

2,852,841

13,179

Excess of Revenues Over Expenses Before Other Financing Uses

1,121,478

1,121,478

Other Financing Uses: Transfers Out

(1,500,000)

(1,500,000)

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

(1,500,000)

(378,522)

1,121,478

Appropriated Fund Balance

1,500,000

(1,500,000)

Excess of Revenues and Other Financing Sources Over Expenses and Other Financing Uses

$

$

(378,522)

$ (378,522)

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