Page 348 - Hurst Budget FY21

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
2020-2021 APPROVED BUDGET
HURST CONFERENCE CENTER FUND
REVENUE AND EXPENDITURES

FUND BALANCE OCTOBER 1, 2020 $1,965,517

REVENUES

Catering $ 1,442,463
Building Rent 808,729
(Costs of Goods Sold) (405,123)
Concessions/Beverage Sales 116,103
Reimbursed Wages 10,627
Equipment Revenue 165,692
Service Fee 232,081
Miscellaneous 16,256

TOTAL REVENUES $2,386,828

TOTAL FUNDS AVAILABLE $4,352,345

EXPENDITURES
Personnel Services $1,464,335
Materials & Supplies 64,685
Maintenance 132,058
Sundry 677,311
Indirect Cost Allocation General Fund 60,000
Indirect Cost Allocation IT 20,000
Capital Outlay 0
TOTAL EXPENDITURES $2,418,389

Less Depreciation $54,374
FUND BALANCE AT SEPTEMBER 30, 2021 $1,988,330

* 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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