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Special Revenue Fund
This fund was established to separate the venue taxes that become effective with the opening of the Dickies Arena
in November 2019.
FY2022 DISCUSSION
The revenues generated from these funds are transferred to the Arena Debt fund to pay the debt on Dickies Arena,
and with the loss in events for FY2020 and FY2021, alternative resources were utilized to make debt payments in
FY2021 including existing fund balances from the Culture and Tourism Public Finance Zone and surplus debt funds.
With Dickie’s arena events not returning until the last quarter of FY2021, all fund balance was utilized.
FY2022’s budget will be 61% less than FY2021 and slowly recover with the hopes that the fund will finally benefit
from a full year of events.
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