Adopted Budget FY 2018-2019

City of McAllen, Texas
McAllen Performing Arts Center
Working Capital Summary
Adjusted
Approved
Actual Budget Estimated Budget
Four Year Plan
16-17 17-18 17-18 18-19 19-20 20-21 21-22 22-23
RESOURCES
BEGINNING WORKING CAPITAL $ 91,800 $ 1,050,624 $ 1,051,882 $ 936,411 $ 1,300,493 $ 1,531,575 $ 1,794,575 $ 2,091,554
Revenues:
User Fees-Rentals 391,205 475,000 542,397 475,000 275,000 275,000 275,000 275,000
Concession-Other 49,280 35,000 30,000 35,000 175,000 175,000 175,000 175,000
Audio Visual 43,630 55,000 55,000 55,000 25,000 25,000 25,000 25,000
Event % ticket sales 334,568 225,000 300,000 300,000 175,000 175,000 175,000 175,000
Equipment Rental 2,920 25,000 8,512 18,000 25,000 25,000 25,000 25,000
Standard Labor 81,511 75,000 84,550 75,000 75,000 75,000 75,000 75,000
Standard Services 7,005 25,000 46,375 20,000 25,000 25,000 25,000 25,000
Membership Fees/Dues 45,009 75,000 15,000 30,000 50,000 50,000 50,000 50,000
Security 34,496 45,000 50,051 45,000 45,000 45,000 45,000 45,000
Special Events - 50,000 - - 50,000 50,000 50,000 50,000
Sponsorships - 300,000 - 300,000 300,000 300,000 300,000 300,000
Interest Earned 4,552 - - - - - - -
Miscellaneous 5,656 - 11,575 - - - - -
Total Revenues 999,832 1,385,000 1,143,460 1,353,000 1,220,000 1,220,000 1,220,000 1,220,000
Transfer-in - Hotel Tax Fund 810,714 808,503 739,554 489,726 489,726 489,726 489,726 489,726
Transfer-in - Convention Center Fund 690,155 - - - - - - -
Transfer-in - Venue Tax Fund 270,881 57,745 57,745 209,461 209,461 241,379 275,358 311,126
Total Revenues and Transfers-In 2,771,582 2,251,248 1,940,759 2,052,187 1,919,187 1,951,105 1,985,084 2,020,852
TOTAL RESOURCES $ 2,863,382 $ 3,301,872 $ 2,992,641 $ 2,988,598 $ 3,219,680 $ 3,482,680 $ 3,779,659 $ 4,112,406
APPROPRIATIONS
Operating Expenses:
Performing Arts Center $ 855,617 $ 1,229,375 $ 1,405,500 $ 1,422,375 $ 1,422,375 $ 1,422,375 $ 1,422,375 $ 1,422,375
Liability Insurance 15,730 15,730 15,730 15,730 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 1,438,105 1,438,105 1,438,105 1,438,105
Transfer Out - PAC Depr. Fund 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
TOTAL APPROPRIATIONS 1,121,347 1,880,105 2,056,230 1,688,105 1,688,105 1,688,105 1,688,105 1,688,105
Other Items Affecting Working Capital (690,153) - - - - - - -
ENDING WORKING CAPITAL $ 1,051,882 $ 1,421,767 $ 936,411 $ 1,300,493 $ 1,531,575 $ 1,794,575 $ 2,091,554 $ 2,424,301
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