Adopted Budget FY 2018-2019

City of McAllen, Texas
McAllen Performing Arts Center
Working Capital Summary
Actual Adj. Budget Estimated Budget
16-17 17-18 17-18 18-19
RESOURCES
BEGINNING WORKING CAPITAL $ 91,800 $ 1,050,624 $ 1,051,882 $ 936,411
Revenues:
User Fees- Rentals 391,205 475,000 542,397 475,000
Concession -Other 49,280 35,000 30,000 35,000
Audio Visual 43,630 55,000 55,000 55,000
Event % ticket sales 334,568 225,000 300,000 300,000
Equipment rental 2,920 25,000 8,512 18,000
Standard Labor 81,511 75,000 84,550 75,000
Standard Services 7,005 25,000 46,375 20,000
Food & Beverage 45,009 75,000 15,000 30,000
Security 34,496 45,000 50,051 45,000
Special Events - 50,000 - -
Sponsorships - 300,000 - 300,000
Miscellaneous 5,656 - - -
Interest 4,552 - 11,575 -
Total Revenues 999,832 1,385,000 1,143,460 1,353,000
Transfer-in - Hotel Tax Fund 810,714 808,503 739,554 489,726
Transfer-in - Convention Center Fund 690,155 - - -
Transfer-in - Venue Tax Fund 270,881 57,745 57,745 209,461
Total Revenues and Transfers-In 2,771,582 2,251,248 1,940,759 2,052,187
TOTAL RESOURCES $ 2,863,382 $ 3,301,872 $ 2,992,641 $ 2,988,598
APPROPRIATIONS
Operating Expenses:
Performing Arts Center $ 855,617 $ 1,229,375 $ 1,405,500 $ 1,422,375
Liability Insurance 15,730 15,730 15,730 15,730
Capital Outlay - 385,000 385,000 -
Total Operations 871,347 1,630,105 1,806,230 1,438,105
Trasfer Out
Performing Arts Construction Fund 250,000 250,000 250,000 250,000
TOTAL APPROPRIATIONS 1,121,347 1,880,105 2,056,230 1,688,105
Revenues over/(under) Expenditures 1,650,235 371,143 (115,471) 364,082
Other Items Affecting Working Capital (690,153) - - -
ENDING WORKING CAPITAL $ 1,051,882 $ 1,421,767 $ 936,411 $ 1,300,493
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