Page 203 - ArlingtonFY24AdoptedBudget

Special Revenue Funds

CONVENTION AND EVENT SERVICES FUND
FY 2024 Operating Position

Actual Budgeted Estimated Adopted
FY 2022 FY 2023 FY 2023 FY 2024

BEGINNING BALANCE $ 1,466,971 $ 1,277,083 $ 3,005,828 $ 2,739,363

REVENUES:
Occupancy Tax $ 9,753,157 $ 9,136,915 $ 10,313,378 $ 11,035,314
Cowboys Stadium Rent / Naming Rights 2,552,558 2,500,000 2,500,000 2,500,000
Arlington Museum of Art Lease - - - 380,000
Arlington Museum of Art Event Share Received - - - 90,000
Esports Stadium + Expo Center Revenues:
eSports Lease $ 250,000 $ 350,000 $ 350,000 $ 375,000
eSports Rental Share Revenue - 250,000 217,312 250,000
Audio-Visual 76,235 45,000 80,000 11,250
Catering 199,731 60,000 189,500 15,000
Communication Services 26,576 10,000 50,000 3,500
Concessionaire Reimbursement 5,818 10,000 37,603 10,000
Concessions - Food 12,482 60,000 90,000 15,000
Concessions - Liquor 18,408 15,000 37,500 3,750
eSports Parking Revenue 2,373 - - -
Event Labor & Expense 13,455 5,649 4,200 5,649
Miscellaneous Revenue 7,096 2,250 3,500 2,250
Parking 236,748 250,000 380,000 295,000
Parking - Special Event 264,129 201,000 230,000 175,000
Rental - Grand Hall 192,000 89,500 155,000 89,500
Rental - Equipment 40,695 30,590 30,590 7,000
Rental - Exhibit Hall 405,350 640,500 640,500 54,000
Rental - VIP Room 3,113 1,000 2,100 1,000
Security Revenue 34,730 12,000 28,000 12,000
Utility Services 116,816 75,600 115,000 10,000
Total Esports Stadium + Expo Center Revenues $ 1,905,756 $ 2,108,089 $ 2,640,805 $ 1,334,899

TOTAL REVENUES $ 14,300,471 $ 13,745,004 $ 15,454,183 $ 15,340,213

INTERFUND TRANSFERS:
From General Gas Funds - ATF Corpus $ 3,113,892 $ 3,208,364 $ 3,208,364 $ 3,305,704
To ATF - Corpus Reimbursement (3,113,892) (3,208,364) (3,208,364) (3,305,704)
To ATF - Granting & Interest (1,037,780) (2,534,949) (2,534,949) -
To Communication Services - Radio Maintenance (1,750,281) - - (1,750,281)
To Capital Improvements Set-Aside Loews Arlington - - (1,000,000) (500,000)
Reserved for Loews Arlington Agreement - - - (1,000,000)
To Debt Service Fund - TMRS Reimbursement (113,707) (113,707) (113,707) (113,707)
To General Fund - Indirect Costs (447,382) (447,382) (447,382) (483,173)
TOTAL INTERFUND TRANSFERS $ (3,349,150) $ (3,096,038) $ (4,096,038) $ (3,847,161)

TOTAL AVAILABLE FUNDS $ 12,418,292 $ 11,926,049 $ 14,363,973 $ 14,232,415
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FY 2024 Adopted Budget and Business Plan 194 City of Arlington, Texas