CAFR 2016

Schedule 59

Performing Arts Center 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

Operating Revenues: Other Operating Revenue: Parking Revenue

$

770,000 619,275 85,000

$

$

93,180

$

93,180 506,732 85,000

Rent - Real Estate

543,376 85,000

(36,644)

Reimbursements - Contract Agreements

Sales and Use Tax Refund

495

495

Sale of Materials

2,510

2,510

2,510

Miscellaneous Receivable Revenue

248,000

82,704 714,085

62,939 119,475

145,643 833,560

Total Operating Revenues

1,724,785

Operating Expenses: Project Expenses:

Maintenance and Operations Performing Arts Center Project

650,785

500

366,714

367,214

16,929,000 17,579,785

13,234,211 13,234,711

1,181,181 1,547,895

14,415,392 14,782,606

Total Expenses

Operating Loss

(15,855,000)

(12,520,626)

(1,428,420)

(13,949,046)

Nonoperating Revenues: Donations and Private Contributions

5,000,000 5,000,000

872,507 872,507

1,547,892 1,547,892

2,420,399 2,420,399

Total Nonoperating Revenues

Nonoperating Expenses: Interest Expense

495,000 150,000 645,000

96,266 203,238 299,504

76,156

172,422 203,238 375,660

Bond Issue Expense

Total Nonoperating Expenses

76,156

Excess of Revenues Over (Under) Expenses Before Other Financing Sources (Uses) Other Financing Sources (Uses): Master Installment Financing Agreement Issued Installment Financing Agreement Issued Payment to Escrow Agent for Refunding of Debt

(11,500,000)

(11,947,623)

43,316

(11,904,307)

11,500,000

11,500,000 12,005,695 (11,500,000) 12,005,695

11,500,000 12,147,306 (11,500,000) 12,147,306

141,611

Total Other Financing Sources (Uses)

11,500,000

141,611

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

$

$

58,072

$

184,927

$

242,999

-123-