Page 336 - Budget FY 2022-2023 - Update

City of McAllen, Texas Adopted Budget 2023

MCALLEN PERFORMING ARTS CENTER
Fund Balance Summary

Actual Adj. Budget Estimated Budget
20-21 21-22 21-22 22-23
RESOURCES

BEGINNING WORKING CAPITAL $ 2,237,932 $ 1,330,966 $ 2,648,819 $ 3,275,725
Revenues:
User Fees- Rentals $ 129,316 $ 300,000 $ 662,578 $ 545,000
Concession -Other 50,815 20,000 20,000 20,000
Audio Visual 14,705 30,000 45,000 50,000
Event % ticket sales 121,503 250,000 397,767 400,000
Equipment rental 350 300 300 300
Standard Labor 44,735 70,000 90,000 70,000
Standard Services 46,380 20,000 15,000 25,000
Security 29,426 40,000 44,000 50,000
Special Events 250 3,000 3,000 3,000
Sponsorships 30,000 - 30,000 100,000
Federal Grants 615,143 - 307,431 -
Interest 21,876 5,324 6,622 8,189
Miscellaneous 285 - 2,375 -
Total Revenues 1,104,783 738,624 1,624,073 1,271,489
Other Financing Sources:
Transfer-in - Hotel Tax Fund 432,192 358,822 477,966 473,142
Transfer-in - Venue Tax Fund - 232,867 232,867 250,000

Total Revenues and Other Sources 1,536,975 1,330,313 2,334,906 1,994,631
TOTAL RESOURCES $ 3,774,907 $ 2,661,279 $ 4,983,725 $ 5,270,357

APPROPRIATIONS

Operating Expenses:
Performing Arts Center $ 1,115,283 $ 1,545,500 $ 1,435,500 $ 1,986,500
Liability Insurance 15,722 16,803 7,000 29,148
Capital Outlay - - - 219,300
Total Operations 1,131,005 1,562,303 1,442,500 2,234,948

Other Financing Sources (Uses):
Transfer Out - Marketing Fund - 15,500 15,500 24,500
Transfer Out - Performing Arts Depreciation Fund 250,000 250,000 250,000 250,000

TOTAL APPROPRIATIONS $ 1,381,005 $ 1,827,803 $ 1,708,000 $ 2,509,448

Revenues over/(under) Expenditures 155,970 (497,490) 626,906 (514,817)

ENDING WORKING CAPITAL $ 2,648,819 $ 833,476 $ 3,275,725 $ 2,760,909

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