CAFR 2016

Schedule 58

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

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues: Miscellaneous Revenue: Rent

$

465,000 553,720

$

225,000 549,379 774,379

$

$

225,000 553,007 778,007

Sales and Use Tax Refund

3,628 3,628

Total Revenues

1,018,720

Expenses: Facility Improvements: War Memorial Coliseum Complex Improvements: Administrative

586,225

573,792

573,792

Arena

20,432,849

20,208,569

187,768 15,350 85,141 46,644 701,879

20,396,337

Special Events Aquatic Center Ampitheatre

678,703

661,248

676,598

1,062,005

1,049,919

1,049,919

85,141

Canada Dry Building

3,173,474 2,105,239 28,038,495

2,218,853 1,368,611 26,080,992

2,265,497 2,070,490 27,117,774

Parking

Total Operating Expenses

1,036,782

Operating Loss

(27,019,775)

(25,306,613)

(1,033,154)

(26,339,767)

Nonoperating Revenues: Investment Income

52

52

Donations and Private Contributions Total Nonoperating Revenues

299,280 299,280

174,280 174,332

125,000 125,000

299,280 299,332

Nonoperating Expenses: Bond Issue Expense

512,225 512,225

512,225 512,225

512,225 512,225

Total Nonoperating Expenses

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

(27,232,720)

(25,644,506)

(908,154)

(26,552,660)

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

1,210,720

1,210,720

1,210,720

Transfer from Hotel/Motel Occupancy Tax Fund for Limited Obligation Notes/Bonds Issued

26,022,000

26,037,051

26,037,051

Transfer to Hotel/Motel Occupancy Tax Fund Total Other Financing Sources (Uses)

(920,720)

(920,720)

27,232,720

26,327,051

26,327,051

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

$

$

682,545

$

(908,154)

(225,609) $

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