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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.
FY2023 DISCUSSION AND SIGNIFICANT CHANGES
The revenues generated from venue taxes are used to meet debt obligations for Dickies Arena.
The consistent return of events to the venue in the spring of 2022 resulted in the FY2022 year-end projection for
revenue to exceed budget by 48%, creating a $2.8M restoration of the fund balance that was exhausted in FY2021
to meet debt obligations.
FY2023 proposed budget increases by 37%. $5.2M is proposed for debt obligations on Dickies Arena covering 35%
of the total $15M payment with an additional estimated contribution to fund balance of $700K.
The Adopted Budget increases by $1.71 million due to the increases in the debt obligations schedule.
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