Page 30 - Budget FY 2022-2023 - Update

City of McAllen, Texas Adopted Budget 2023

Convention Center Depreciation Fund

This section also includes the working capital summary for Convention Center Depreciation Fund, which was established
for the sole purpose of renovation of the facility. Funding has been provided by the Convention Center Fund.

The Convention Center Fund will transfer $250K into this fund with appropriations in the amount of $1�4M for a
marquee screen and various equipment replacement� The ending fund balance is estimated to be $1�3M�

Performing Arts Depreciation Fund
This section also includes the working capital summary for Performing Arts Depreciation Fund, which was established
for the sole purpose of renovation of the facility. Funding has been provided by the Performing Arts Center Fund.
The Performing Arts Center Fund will transfer $250K into this fund with appropriations in the amount of $210K for
equipment replacement this year� The ending fund balance is estimated to be $1�3M�

Passenger Facility Charge (PFC) Fund
The PFC Fund was established to account for the expenditure of passenger facility charges collected by the airlines
and remitted to the airport.
Airport management has funded three projects and professional services this year at a total of $2�3M� The fund
will continue paying the debt ($644K) pledge with PFC monies and transfer monies ($2�9M)to the Airport Capital
Improvement Fund� The PFC Fund is anticipated to generate revenue of $1�7M and have a year-end working capital
of $2�3M�
Airport Capital Improvement Fund

The Airport Capital Improvement Fund was established to account for resources received from the Federal Aviation
Administration (FAA) and related capital improvements.

Projects amounting to $51�4M are planned this year, which are funded primarily by FAA with local match funding
coming from the Airport Fund and the Airport PFC Fund� The individual projects are listed in page 247 of this budget
document�

McAllen International Toll Bridge Capital Improvement Fund
The McAllen International Toll Bridge Capital Improvement Fund was established to account for major capital
improvements, which are generally funded by current revenues of the related bridge.
This Toll Bridge Capital Improvement Fund is funded by the collection of 50¢ of the $3�50 southbound car toll� The
toll bridge management anticipates transferring $1�4M and spending $3�2M for improvements, leaving an ending
fund balance of $1�9M� The individual projects to be undertaken are presented in page 248 of this budget document�

Anzalduas International Crossing Capital Improvement Fund
The Anzalduas International Crossing Capital Improvement Fund was established to account for major capital
improvements, which are generally funded by current revenues of the related bridge.
This fund is also being built up through the collection of 50¢ of the $3�50 southbound car toll� The Anzalduas
Crossing bridge management anticipates transferring $506K and spending $743K in projects� The estimated ending
fund balance will be $421K�

Anzalduas Bridge Cargo Construction Fund

The Anzalduas Bridge Cargo Construction Fund was established to account for all proceeds and expenditures related
to the construction of northbound facilities and improvements to southbound facilities to expand the Anzalduas
International Bridge to a fully commercial bridge.
This fund will receive funding from a $63M loan and $22M in grants� $83M has been appropriated for the construction
of commercial inspection facilities at the Anzalduas Land Port of Entry and improvements to the existing inspections
facilities�

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