Page 235 - Microsoft Word - FY 2022 Adopted Budget Document

Special Revenue Funds Return to Table of Contents
Return to Table of Contents

CONVENTION AND EVENT SERVICES FUND
FY 2022 Operating Position

Actual Budgeted Estimated Adopted
FY 2020 FY 2021 FY 2021 FY 2022

BEGINNING BALANCE $ 770,015 $ 14,296 $ ‐ $ 1,152,768

REVENUES:
Occupancy Tax $ 6,134,295 $ 6,885,516 $ 7,934,936 8,164,241
Cowboys Stadium Rent / Naming Rights 2,500,000 2,500,000 2,500,000 2,500,000
Convention Center Revenues:
eSports Lease $ 250,000 $ 1,250,000 $ ‐ $ 250,000
Audio‐Visual 42,126 80,000 12,000 80,000
Catering 27,068 120,000 5,000 120,000
Communication Services 9,055 20,000 2,300 20,000
Concessionaire Reimbursement 9,669 10,000 25,000 10,000
Concessions ‐ Food 2,297 26,000 ‐ 26,000
Concessions ‐ Liquor 506 18,000 ‐ 18,000
Esports Parking Revenue 5,614 ‐ ‐ ‐
Event Labor & Expense 5,275 5,135 1,000 5,135
Miscellaneous 4,016 2,000 2,655 2,000
Parking 71,338 150,000 75,000 202,500
Parking ‐ Special Event 93,620 300,000 170,000 201,000
Rental ‐ Grand Hall 22,736 310,000 250,000 310,000
Rental ‐ Equipment 17,738 26,600 8,000 30,590
Rental ‐ Exhibit Hall 92,043 375,000 300,000 375,000
Rental ‐ Kitchen 250 250 ‐ ‐
Security Revenue 23,580 8,024 4,000 8,024
Utility Services 60,021 108,000 20,000 108,000
Total Convention Center Revenues $ 736,953 $ 2,809,009 $ 874,955 $ 1,766,249

TOTAL REVENUES $ 9,371,248 $ 12,194,525 $ 11,309,891 $ 12,430,490

INTERFUND TRANSFERS:
From General Gas Funds for ATF Corpus $ 2,933,209 $ 3,022,200 $ 3,022,200 $ 3,113,892
To ATF Corpus Reimbursement (2,933,209) (3,022,220) (3,022,220) (3,113,892)
To ATF, Granting & Interest (1,218,462) (1,129,471) (1,129,471) (1,037,780)
FY 2021 Budget Amendment, ARP Funds ‐ 4,227,684 4,227,684 ‐
To Communication Services ISF (1,750,281) (1,750,281) (1,750,281) (1,750,281)
To Innovation Venture Capital (1,000,000) ‐ ‐ ‐
(To) From Maintenance Reserve 200,000 ‐ ‐ ‐
To Debt Service Fund ‐ TMRS Reimbursement ‐ (113,707) (113,707) (113,707)
(To) From General Fund 1,800,000 ‐ ‐ ‐
To General Fund ‐ Indirect Costs ‐ (481,549) (481,549) (447,382)
TOTAL INTERFUND TRANSFERS $ (1,968,743) $ 752,656 $ 752,656 $ (3,349,150)

TOTAL AVAILABLE FUNDS $ 8,172,520 $ 12,961,477 $ 12,062,547 $ 10,234,108

(continued on next page)

FY 2022 Adopted Budget and Business Plan 224 City of Arlington, Texas