Page 286 - ANALYSIS.XLS

City of McAllen, Texas
McAllen Performing Arts Center
Working Capital Summary

Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21

RESOURCES

BEGINNING WORKING CAPITAL $ 1,772,503 $ 1,970,323 $ 2,349,534 $ 2,024,978

Revenues:
User Fees- Rentals 611,355 475,000 342,075 400,000

Concession -Other 52,335 35,000 22,718 30,000
Audio Visual 70,521 50,000 28,640 40,000
Event % ticket sales 435,018 400,000 208,537 275,000

Equipment Rental 3,200 8,000 1,100 3,000
Standard Labor 84,417 75,000 39,432 70,000
Standard Services 54,815 25,000 17,459 20,000
Membership Fees/Dues 13,750 - 2,750 -
Security 43,906 45,000 27,129 40,000
Special Events 3,800 3,000 1,750 3,000

Sponsorships - 300,000 - 200,000
Interest 62,179 - 2,885 20,250

Miscellaneous 2,080 - - -
Total Revenues 1,437,377 1,416,000 694,473 1,101,250
Other Financing Sources:
Transfer-in - Hotel Tax Fund 547,357 552,411 281,471 411,362
Transfer-in - Venue Tax Fund 209,461 330,898 - -

Total Revenues and Other Sources 2,194,195 2,299,309 975,944 1,512,612

TOTAL RESOURCES $ 3,966,698 $ 4,269,632 $ 3,325,478 $ 3,537,590

APPROPRIATIONS

Operating Expenses:
Performing Arts Center $ 1,261,432 $ 1,576,375 $ 1,297,000 $ 1,576,375
Liability Insurance 5,730 15,730 3,500 15,730
Capital Outlay - 127,600 - -
Total Operations 1,267,162 1,719,705 1,300,500 1,592,105

Other Financing Sources (Uses):
Transfer Out - Performing Arts
Depreciation Fund 250,000 250,000 - 250,000
Transfer Out - Convention Center 100,000 - - -

TOTAL APPROPRIATIONS 1,617,162 1,969,705 1,300,500 1,842,105

Revenues over/(under) Expenditures 577,033 329,604 (324,556) (329,493)

ENDING WORKING CAPITAL $ 2,349,534 $ 2,299,927 $ 2,024,978 $ 1,695,485

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