CAFR 2017

Schedule 67

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, 2017

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Operating Revenues: Other Operating Revenue: Parking Revenue

$

770,000 619,275 85,000

$

93,180 506,732 85,000

$

$

93,180 531,537 85,000

Rent - Real Estate

24,805

Reimbursements - Contract Agreements

Sales and Use Tax Refund

495

495

Sale of Materials

2,510

2,510

2,510

Miscellaneous Receivable Revenue

248,000

145,643 833,560

87,897 112,702

233,540 946,262

Total Operating Revenues

1,724,785

Operating Expenses: Project Expenses:

Maintenance and Operations Performing Arts Center Project

415,425

367,214

93,038

460,252

35,664,360 36,079,785

14,415,392 14,782,606

1,100,709 1,193,747

15,516,101 15,976,353

Total Expenses

Operating Loss

(34,355,000)

(13,949,046)

(1,081,045)

(15,030,091)

Nonoperating Revenues: Donations and Private Contributions

5,000,000 5,000,000

2,420,399 2,420,399

1,161,402 1,161,402

3,581,801 3,581,801

Total Nonoperating Revenues

Nonoperating Expenses: Interest Expense

495,000 150,000 645,000

172,422 203,238 375,660

108,021

280,443 203,238 483,681

Bond Issue Expense

Total Nonoperating Expenses

108,021

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

(30,000,000)

(11,904,307)

(27,664)

(11,931,971)

Other Financing Sources (Uses): Master Installment Financing Agreement Issued Installment Financing Agreement Issued Payment to Escrow Agent for Refunding of Debt

11,500,000 30,000,000 (11,500,000) 30,000,000

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

11,500,000 12,160,940 (11,500,000) 12,160,940

13,634

Total Other Financing Sources (Uses)

13,634

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

$

$

242,999

$

(14,030)

$

228,969

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