Page 293 - Approved Annual Budget FY 2019-2020_Flat
P. 293
City of McAllen, Texas
McAllen Performing Arts Center
Working Capital Summary
Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
RESOURCES
BEGINNING WORKING CAPITAL $ 1,051,882 $ 936,411 $ 1,772,503 $ 1,970,323
Revenues:
User Fees- Rentals 563,951 475,000 534,705 475,000
Concession -Other 52,109 35,000 38,593 35,000
Audio Visual 100,518 55,000 51,130 50,000
Event % ticket sales 494,475 300,000 400,000 400,000
Equipment rental 8,882 18,000 8,000 8,000
Standard Labor 88,397 75,000 75,000 75,000
Standard Services 16,898 20,000 40,000 25,000
Membership Fees/Dues 18,500 30,000 10,000 -
Security 53,422 45,000 50,000 45,000
Special Events 3,150 - 3,000 3,000
Sponsorships - 300,000 - 300,000
Interest 4,399 - 21,000 -
Miscellaneous 26,218 - 453 -
Total Revenues 1,430,920 1,353,000 1,231,881 1,416,000
Other Financing Sources:
Transfer-in - Hotel Tax Fund 755,681 489,726 540,756 552,411
Transfer-in - Venue Tax Fund 57,745 209,461 209,461 330,898
Total Revenues and Other Sources 2,244,346 2,052,187 1,982,098 2,299,309
TOTAL RESOURCES $ 3,296,228 $ 2,988,598 $ 3,754,601 $ 4,269,632
APPROPRIATIONS
Operating Expenses:
Performing Arts Center $ 1,212,018 $ 1,322,375 $ 1,418,548 $ 1,576,375
Liability Insurance 6,550 15,730 15,730 15,730
Capital Outlay 55,156 - - 127,600
Total Operations 1,273,724 1,338,105 1,434,278 1,719,705
Other Financing Sources (Uses):
Transfer Out - Performing Arts
Depreciation Fund 250,000 250,000 250,000 250,000
Transfer Out - Convention Center - 100,000 100,000 -
TOTAL APPROPRIATIONS 1,523,724 1,688,105 1,784,278 1,969,705
Revenues over/(under) Expenditures 720,622 364,082 197,820 329,604
ENDING WORKING CAPITAL $ 1,772,503 $ 1,300,493 $ 1,970,323 $ 2,299,927
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