Adopted Budget FY 2018-2019

City of McAllen, Texas
McAllen Convention Center Fund
Working Capital Summary
Actual Adj. Budget Estimated Budget
16-17 17-18 17-18 18-19
RESOURCES
BEGINNING WORKING CAPITAL $ 1,587,862 $ 1,144,278 $ 1,133,415 $ 558,717
Revenues:
User Fees-Rentals 1,067,801 1,230,000 962,778 900,000
Concession Other 11,603 27,000 5,960 5,000
Audio Visual 162,014 160,000 120,660 100,000
Standard Services 86,661 90,000 43,871 50,000
Equipment Rental 15,404 18,000 21,066 18,000
Standard Labor 30,775 40,000 18,412 20,000
Food & Beverage 499,127 475,000 475,000 457,000
Event % - Ticket Sales 57,554 60,000 35,000 45,000
Security 119,833 115,000 104,558 100,000
Management Fee 200,000 400,000 400,000 400,000
Special Events: Palmfest,Carfest 278,909 345,000 363,279 225,000
Sale of Property 37,483 - - -
Parking Fees - - - 75,000
Interest Earned 10,533 14,000 14,000 14,000
Miscellaneous 56,320 27,000 36,991 -
Total Revenues 2,634,016 3,001,000 2,601,575 2,409,000
Transfer-in - Hotel Tax Fund 1,890,899 1,885,508 1,723,627 1,955,905
Total Revenues and Transfers-In 4,524,916 4,886,508 4,325,202 4,364,905
TOTAL RESOURCES $ 6,112,777 $ 6,030,786 $ 5,458,617 $ 4,923,622
APPROPRIATIONS
Operating Expenses:
Convention Center $ 4,713,412 $ 4,206,881 $ 4,457,168 $ 4,468,497
Liability Insurance 50,210 30,712 37,481 30,712
Capital Outlay 102,406 245,310 136,535 -
Total Operating Expenses 4,866,028 4,482,903 4,631,184 4,499,209
Transfer Outs
Performing Arts Center Fund 690,155 - - -
Health Insurance Fund 10,632 18,716 18,716 117,300
Convention Center Depreciation Fund 250,000 250,000 250,000 250,000
TOTAL APPROPRIATIONS 5,816,815 4,751,619 4,899,900 4,866,509
Revenues over/(under) Expenditures (1,291,899) 134,889 (574,698) (501,604)
Other Items Affecting Working Capital 837,453 - - -
ENDING WORKING CAPITAL $ 1,133,415 $ 1,279,167 $ 558,717 $ 57,113
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