Page 332 - City of McAllen - Approved Annual Budget Book FY 24-25
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City of McAllen, Texas Adopted Budget 2025
MCALLEN CONVENTION CENTER FUND
Fund Balance Summary
Actual Adj. Budget Estimated Budget
22-23 23-24 23-24 24-25
RESOURCES
BEGINNING WORKING CAPITAL $ 7,522,359 $ 8,900,272 $ 8,635,133 $ 10,271,093
Revenues:
User Fees-Rentals $ 1,013,189 $ 975,000 $ 954,273 $ 975,000
Concession Other 14,512 60,819 22,819 60,819
Audio Visual 127,856 90,000 78,078 90,000
Standard Services 125,138 50,000 50,000 50,000
Equipment Rental 28,933 15,000 10,000 15,000
Standard Labor 67,817 140,000 60,000 140,000
Food & Beverage 612,765 450,000 622,703 450,000
Event % - Ticket Sales 93,792 100,000 84,047 100,000
Security 199,599 130,000 111,015 130,000
Management Fee 1,000,000 1,500,000 1,500,000 1,500,000
Special Events 1,997,859 2,325,000 1,996,938 2,025,000
Interest Earned 363,728 267,008 607,704 494,390
Federal Grants 19,576 - 1,511 -
Parking Fees 115,511 100,000 87,332 100,000
Miscellaneous 97,146 18,944 37,837 18,944
Total Revenues 5,877,423 6,221,771 6,224,257 6,149,153
Other Financing Sources:
Transfer In:
Hotel Tax Fund 2,726,931 2,579,997 2,967,329 3,025,277
Total Revenues and Transfers 8,604,352 8,801,768 9,191,586 9,174,430
TOTAL RESOURCES $ 16,126,711 $ 17,702,040 $ 17,826,720 $ 19,445,523
APPROPRIATIONS
Operating Expenses:
Convention Center $ 7,063,592 $ 7,837,506 $ 6,576,556 $ 8,148,517
Liability Insurance 70,106 85,356 103,349 85,356
Capital Outlay 187,229 4,051,151 552,619 4,316,622
Total Operating Expenses 7,320,926 11,974,013 7,232,523 12,550,495
Other Financing Sources (Uses):
Transfer Out:
Marketing Fund 24,500 24,500 24,500 24,500
Convention Center Depr� Fund 250,000 250,000 250,000 250,000
Health Insurance Fund 42,511 40,379 40,379 -
Debt Service - Motorola Lease Payment 926 8,224 8,224 8,224
TOTAL APPROPRIATIONS $ 7,638,863 $ 12,297,116 $ 7,555,629 $ 12,833,219
Revenues over/(under) Expenditures 965,489 (3,495,348) 1,635,957 (3,658,789)
Other Items Affecting Working Capital 147,285 - - -
ENDING WORKING CAPITAL $ 8,635,133 $ 5,404,924 $ 10,271,093 $ 6,612,304
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