CAFR 2016

Schedule 57 Page 1 of 2

War Memorial Coliseum Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2016

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

21,820,517 $

18,163,472 $

(3,657,045) $

640,350

694,548

54,198

Total Operating Revenues

22,460,867

18,858,020

(3,602,847)

Operating Expenses: Personal Services

5,642,976 1,632,558 17,128,515 1,019,542 25,423,591

5,697,920 1,568,731 14,747,189

(54,944)

Fringe Benefits

63,827

Maintenance and Operations

2,381,326

Capital Outlay

498,367

521,175

Total Operating Expenses

22,512,207

2,911,384

Operating Loss

(2,962,724)

(3,654,187)

(691,463)

Nonoperating Revenues: Investment Income

50,000

64,801

14,801

Net Increase (Decrease) in the Fair Value of Investments

18,182 82,983

18,182 32,983

Total Investment Income

50,000

Donations and Private Contributions Total Nonoperating Revenues

273,914 356,897

273,914 306,897

50,000

Nonoperating Expenses: Principal Maturities

262,257 62,358

281,920 52,415

(19,663)

Interest Expense

9,943 1,700

Miscellaneous Nonoperating Expense

1,700

Total Nonoperating Expenses

326,315

334,335

(8,020)

Excess of Revenues Under Expenses Before Other Financing Sources

(3,239,039)

(3,631,625)

(392,586)

Other Financing Sources: Transfers In

2,500,000

2,500,000

Excess of Revenues and Other Financing Sources Under Expenses

(739,039)

(1,131,625)

(392,586)

Appropriated Fund Balance

739,039

(739,039)

Excess of Revenues and Other Financing Sources Under Expenses

$

(1,131,625) $

(1,131,625) $

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