Page 450 - Budget FY 2022-2023 - Update

City of McAllen, Texas Adopted Budget 2023

MCALLEN PERFORMING ARTS CENTER
Fund Balance Summary

Budget Four Year Plan
22-23 23-24 24-25 25-26 26-27

RESOURCES

BEGINNING WORKING CAPITAL $ 3,275,725 $ 2,760,909 $ 3,037,094 $ 3,324,464 $ 3,573,257

Revenues:
User Fees- Rentals $ 545,000 $ 475,000 $ 475,000 $ 475,000 $ 545,000
Concession -Other 20,000 40,000 40,000 40,000 20,000
Audio Visual 50,000 50,000 50,000 50,000 30,000
Event % ticket sales 400,000 400,000 400,000 400,000 400,000
Equipment rental 300 8,000 8,000 8,000 8,000
Standard Labor 70,000 75,000 75,000 75,000 75,000
Standard Services 25,000 25,000 25,000 25,000 25,000
Security 50,000 50,000 50,000 50,000 50,000
Special Events 3,000 3,000 3,000 3,000 3,000
Sponsorships 100,000 700,000 700,000 650,000 550,000
Interest 8,189 6,902 7,593 8,311 8,933

Total Revenues 1,271,489 1,832,902 1,833,593 1,784,311 1,714,933
Other Financing Sources:
Transfer-in - Hotel Tax Fund 473,142 483,431 493,925 504,630 515,548
Transfer-in - Venue Tax Fund 250,000 250,000 250,000 250,000 250,000

Total Revenues and Other Sources 1,994,631 2,566,333 2,577,518 2,538,941 2,480,481

TOTAL RESOURCES $ 5,270,357 $ 5,327,242 $ 5,614,612 $ 5,863,405 $ 6,053,738
APPROPRIATIONS

Operating Expenses:
Performing Arts Center $ 1,986,500 $ 1,986,500 $ 1,986,500 $ 1,986,500 $ 1,986,500
Liability Insurance 29,148 29,148 29,148 29,148 29,148
Capital Outlay 219,300 - - - -

Total Operations 2,234,948 2,015,648 2,015,648 2,015,648 2,015,648

Other Financing Sources (Uses):
Transfer Out - Marketing Fund 24,500 24,500 24,500 24,500 24,500
Transfer Out - Performing Arts Depreciation Fund 250,000 250,000 250,000 250,000 250,000
TOTAL APPROPRIATIONS $ 2,509,448 $ 2,290,148 $ 2,290,148 $ 2,290,148 $ 2,290,148

ENDING WORKING CAPITAL $ 2,760,909 $ 3,037,094 $ 3,324,464 $ 3,573,257 $ 3,763,590

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