2024 Annual Comprehensive Report

Schedule 5 6 Page 1 of 2

Performing Arts Center Fund Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2024

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

$ 34,574,351

$ 33,165,505

$ (1,408,846)

689,038

1,303,590 34,469,095

614,552 (794,294)

Total Operating Revenues

35,263,389

Operating Expenses: Personal Services

2,655,421 753,272 28,992,482

2,871,542 715,665 26,311,321

(216,121)

Fringe Benefits

37,607

Maintenance and Operations

2,681,161

Capital Outlay

207,170

230,559

(23,389)

Total Operating Expenses

32,608,345

30,129,087

2,479,258

Operating Income

2,655,044

4,340,008

1,684,964

Nonoperating Revenues: Investment Income

50,000

455,160

405,160

Net Increase (Decrease) in the Fair Value of Investments

378,033 833,193

378,033 783,193

Total Investment Income

50,000

Nonoperating Expenses: Principal Maturities

1,390,000 1,473,520

1,390,000 1,458,794

Interest Expense

14,726

Miscellaneous Nonoperating Expense

2,751

2,750

1

Total Nonoperating Expenses

2,866,271

2,851,544

14,727

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

(161,227)

2,321,657

2,482,884

Other Financing Uses: Transfers Out

(1,500,000)

(1,500,000)

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

(1,661,227)

821,657

2,482,884

Appropriated Fund Balance

1,661,227

(1,661,227)

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

$

$

821,657

$

821,657

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