Page 195 - City of Arlington FY19 Adopted Operating Budget

Special Revenue Funds

CONVENTION AND EVENT SERVICES FUND
FY 2019 Operating Position
Actual Budgeted Estimated Adopted
FY 2017 FY 2018 FY 2018 FY 2019

BEGINNING BALANCE $ 2,829,484 $ 1,815,180 $ 1,808,540 $ 302,217

REVENUES:
Occupancy Tax $ 8,991,541 $ 9,512,699 $ 9,535,787 $ 9,994,987
Stadium Rent/Naming Rights 2,500,000 2,500,000 2,500,000 2,500,000
Total Convention Center Revenues 3,205,578 2,944,390 3,176,694 2,783,221
TOTAL REVENUES $ 14,697,119 $ 14,957,089 $ 15,212,481 $ 15,278,208

INTERFUND TRANSFERS:
Debt Service ‐ Grand Hall $ (1,219,851) $ ‐ $ ‐ $ ‐
(To) From Building Maintenance Reserve ‐ 800,000 800,000 ‐
From General Gas Funds for ATF Corpus 2,681,652 2,763,011 2,763,011 2,846,838
To ATF Corpus Reimbursement (2,681,652) (2,763,011) (2,763,011) (2,846,838)
To ATF, granting & interest (1,470,019) (1,388,660) (1,388,660) (1,304,833)
To Dispatch for Radio System Lease Payment (928,301) (928,301) (928,301) ‐
To Communication Services ISF ‐ ‐ ‐ (1,750,281)
To ITSF ‐ ‐ ‐ (255,000)
To Innovation Venture Capital (1,171,925) (1,003,125) (1,003,125) ‐
(To) From Hotel Attraction Support ‐ 125,000 ‐ 125,000
To General Fund ‐ ‐ ‐ (632,366)
To General Fund ‐ Debt Repayment ‐ (1,156,399) (1,156,399) ‐
To General Fund ‐ Indirect Costs (709,038) (604,161) (604,161) (469,804)
TOTAL INTERFUND TRANSFERS $ (5,499,134) $ (4,155,646) $ (4,280,646) $ (4,287,284)
TOTAL AVAILABLE FUNDS $ 12,027,469 $ 12,616,623 $ 12,740,375 $ 11,293,141

EXPENDITURES:
Administration $ 608,034 $ 1,184,420 $ 1,163,805 $ 867,257
Event Services 415,013 451,160 449,211 468,161
Facility Operations 1,920,105 1,771,878 1,783,614 1,839,162
Parking Operations 169,549 167,652 168,094 171,663
ACC Departmental Projects 560,038 1,087,600 1,096,195 1,325,000
Convention & Visitors Bureau 5,350,020 4,900,000 4,900,000 5,770,000

Arts & Revitalization 939,497 771,158 771,158 750,289
Downtown Revitalization 50,000 50,000 50,000 50,000
Fielder Museum 30,000 30,000 30,000 30,000
Non‐Hot Funded Projects ‐ 2,026,081 2,026,081 ‐
TOTAL EXPENDITURES $ 10,042,256 $ 12,439,949 $ 12,438,158 $ 11,271,532

ENDING BALANCE $ 1,985,213 $ 176,674 $ 302,217 $ 21,609

2019 Adopted Budget and Business Plan 180 City of Arlington, Texas