CAFR 2017

Schedule 65 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, 2017

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

24,910,665 $

23,582,188 $

(1,328,477) $

640,350

765,346

124,996

Total Operating Revenues

25,551,015

24,347,534

(1,203,481)

Operating Expenses: Personal Services

5,815,315 1,820,822 19,893,247

5,862,435 1,666,434 18,885,357

(47,120) 154,388

Fringe Benefits

Maintenance and Operations

1,007,890

Capital Outlay

445,316

446,258

(942)

Total Operating Expenses

27,974,700

26,860,484

1,114,216

Operating Loss

(2,423,685)

(2,512,950)

(89,265)

Nonoperating Revenues: Investment Income

50,000

78,523

28,523

Net Increase (Decrease) in the Fair Value of Investments

(31,730)

(31,730) (3,207)

Total Investment Income

50,000

46,793

Donations and Private Contributions Total Nonoperating Revenues

285,341 332,134

285,341 282,134

50,000

Nonoperating Expenses: Principal Maturities

262,257 62,358

302,618 41,670

(40,361)

Interest Expense

20,688

Miscellaneous Nonoperating Expense

1,700

1,700

Total Nonoperating Expenses

326,315

344,288

(17,973)

Excess of Revenues Under Expenses Before Other Financing Sources

(2,700,000)

(2,525,104)

174,896

Other Financing Sources: Transfers In

2,700,000

2,700,000

Excess of Revenues and Other Financing Sources Over Expenses

174,896

174,896

Appropriated Fund Balance

Excess of Revenues and Other Financing Sources Over Expenses

$

$

174,896

$

174,896

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