Page 395 - Hurst FY20 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. Situated steps from hotel accommodations, 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
2019-2020 APPROVED BUDGET
HURST CONFERENCE CENTER FUND
REVENUE AND EXPENDITURES

FUND BALANCE OCTOBER 1, 2019 $1,565,000

REVENUES
Catering $ 1,551,182
Building Rent 874,378
(Costs of Goods Sold) (433,000)
Concessions/Beverage Sales 123,291
Reimbursed Wages 10,918
Equipment Revenue 176,995
Service Fee 245,860
Miscellaneous 17,376
TOTAL REVENUES $2,567,000

TOTAL FUNDS AVAILABLE $4,132,000
EXPENDITURES
Personnel Services $1,455,372
Materials & Supplies 75,685
Maintenance 132,058
Sundry 757,576
Indirect Cost Allocation General Fund 60,000
Indirect Cost Allocation IT 20,000
Capital Outlay 0

TOTAL EXPENDITURES $2,500,691
Less Depreciation $29,710

FUND BALANCE AT SEPTEMBER 30, 2020 $1,661,019

* Estimated expenditures do not include the annual payment for Certificates of Obligation (CO's) issued to construct the facility.
The CO's are financed within the Hotel/Motel Tax and Hurst Community Services Development Corporation funds.
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