Page 302 - APPROVED ANNUAL BUDGET BOOK FY 21-22
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City of McAllen, Texas Adopted Budget 2022
MCALLEN CONVENTION CENTER FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
19-20 20-21 20-21 21-22
RESOURCES
BEGINNING WORKING CAPITAL $ 1,397,154 $ 231,638 $ 1,348,103 $ 4,200,284
Revenues:
User Fees-Rentals $ 1,082,951 $ 2,104,887 $ 2,104,887 $ 800,000
Concession Other 12,654 5,000 5,964 5,000
Audio Visual 45,754 90,000 5,070 90,000
Standard Services 111,223 50,000 181,675 50,000
Equipment Rental 13,699 18,000 1,800 18,000
Standard Labor 2,711 20,000 75,000 20,000
Food & Beverage 69,848 52,918 52,918 300,000
Event % - Ticket Sales 90,656 25,000 250,465 275,000
Security 129,505 100,000 5,652 115,000
Management Fee 600,000 600,000 600,000 600,000
Special Events 945,025 1,984,060 1,722,945 1,984,060
Interest Earned 21,547 2,316 5,392 16,801
Parking Fees 79,446 75,000 2,900 75,000
Miscellaneous 385,571 20,744 13,819 20,444
Total Revenues 3,590,595 5,147,925 5,028,487 4,369,305
Other Financing Sources:
Transfer-in - Hotel Tax Fund 1,592,157 1,643,197 1,444,522 1,434,785
Transfer-in - C�O� Performing Arts 2014 - 1,500,517 1,500,517 -
Total Revenues and Other Sources 5,182,752 8,291,639 7,973,526 5,804,090
TOTAL RESOURCES $ 6,579,906 $ 8,523,277 $ 9,321,629 $ 10,004,373
APPROPRIATIONS
Operating Expenses:
Convention Center $ 5,049,905 $ 6,015,044 $ 4,802,637 $ 6,116,512
Liability Insurance 36,991 30,712 30,712 32,820
Capital Outlay 133,237 - - 206,870
Total Operating Expenses 5,220,133 6,045,756 4,833,349 6,356,202
Other Financing Sources (Uses):
Transfer Out - Performing Arts Center Fund - - - -
Transfer Out - Convention Center Depr� Fund - 250,000 250,000 250,000
Transfer Out - Health Insurance Fund 51,460 29,773 29,773 -
Debt Service - Motorola Lease Payment 1,551 8,224 8,223 8,224
TOTAL APPROPRIATIONS $ 5,273,144 $ 6,333,753 $ 5,121,345 $ 6,614,426
Revenues over/(under) Expenditures (90,392) 1,957,886 2,852,181 (810,336)
Other Items Affecting Working Capital 41,341 - - -
ENDING WORKING CAPITAL $ 1,348,103 $ 2,189,524 $ 4,200,284 $ 3,389,949
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