Page 509 - Hurst FY19 Approved Budget

HURST CONFERENCE CENTER FUND

The Hurst Conference Center (HCC) opened in September 2010. The HCC is the focal
point of the Hurst Town Center and the Transforming Hurst Redevelopment Program.
HCC is a state-of-the-art facility that is conveniently located in the heart of the DFW
Metroplex. Ideally situated steps from hotel accommodations, including a brand new
Hilton Garden Inn that is attached, the facility has over 50,000 square feet of event
space, a premier Executive Boardroom and outdoor area boasting cozy fireplaces and a
relaxing water feature. Together with well-appointed finishes, technologically advanced
amenities and exceptional on-site food service, audio-visual, IT and conference services,
HCC is an ideal location for meetings, trade shows and events welcoming up to 900
guests. The facility is managed by City Staff. For information on amenities, rates and
menu options please visit www.hurstcc.com.

CITY OF HURST
2018-2019 APPROVED BUDGET
REVENUES AND EXPENDITURES

FUND BALANCE OCTOBER 1, 2018 $300,000
REVENUES
Catering $1,488,053
Building Rent 855,318
(Costs of Goods Sold) (385,435)
Concessions/Beverage Sales 132,867
Reimbursed Wages 10,693
Equipment Revenue 161,734
Service Fee 184,924
Miscellaneous 16,410
TOTAL REVENUES $2,464,564
TOTAL FUNDS AVAILABLE $2,764,564

EXPENDITURES
Personnel Services $1,469,531
Materials & Supplies 69,965
Maintenance 97,636
Sundry 788,209
Indirect Cost Allocation General Fund 50,000
Indirect Cost Allocation IT 20,000
Capital Outlay 0
TOTAL EXPENDITURES $2,495,341

Less Depreciation $2,771

FUND BALANCE AT SEPTEMBER 30, 2019 $271,994

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