2025 Annual Comprehensive Report

Schedule 63

Tanger Center Capital Improvement Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) From Project Inception and For the Year Ended June 30, 2025

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Expenses: Capital Improvements:

Tanger Capital Improvements

$

3,105,049

$

$

351,113

$

351,113

Nonoperating Revenues: Investment Income (Loss)

22,210

94,348

116,558

Excess of Revenues Over (Under) Expenses

(3,105,049)

22,210

(256,765)

(234,555)

Other Financing Sources: Transfer from Performing Arts Fund Transfer from Performing Arts Center Fund

3,000,000 105,049 3,105,049

1,500,000 105,548 1,605,548

1,500,000

3,000,000 105,548 3,105,548

Total Other Financing Sources

1,500,000

Excess of Revenues and Other Financing Sources Over Expenses

$

$ 1,627,758

$ 1,243,235

$ 2,870,993

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