Page 160 - GrapevineFY24 Adopted Budget

FY 2023-24 APPROVED OPERATING BUDGET
CONVENTION & VISITORS BUREAU FUND
FACILITIES DIVISION SUMMARY
115-350-003

2020-21 2021-22 2022-23 2022-23 2023-24
EXPENDITURES BY OBJECT Actual Actual Budget Estimate Approved

Personnel 864,451 913,075 959,943 942,095 930,700
Supplies 61,754 123,130 182,100 350,734 182,100
Maintenance 60,968 59,240 84,500 85,647 84,500
Services 447,589 625,278 497,800 405,007 497,800

Total 1,434,762 1,720,723 1,724,343 1,783,483 1,695,100

OBJECTIVES

- Increase revenues at all CVB rental facilities (Convention Center, Palace Arts Center, Concourse, Historic Cottonbelt Railroad District,
Grapevine Main Station and Grapevine Farmers & Artisan Markets).
- Increase number of new and repeat clients.
- Direct overflow event referrals to Grapevine hotels and other local meeting venues.
- Update and expand the building maintenance program for all CVB facilities.
- Development and implementation of a facilities marketing program.
- Expand and promote entertainment, performing arts, and movies at Palace Arts Center.

2020-21 2021-22 2022-23 2022-23 2023-24
PERFORMANCE INDICATORS Actual Actual Budget Estimate Approved

Convention Center events held 164 242 291 302 320
Convention Center building usage (days) 205 342 413 451 454
Palace Arts Center number of events held. 359 462 559 488 586
Palace Arts Center building usage (days) 359 462 559 488 586
Concourse number of events held 16 21 - - -
Concourse building usage (days) 18 19 - - -
Grapevine Main Meeting Rooms events held 7 50 64 98 116
Grapevine Main Meeting Rooms building usage (days) 7 50 64 140 116
Number of Gazebo rental applications 22 18 22 12 0
All facilities number of repeat bookings 196 288 348 478 389
All facilities number of new client bookings 98 174 210 188 256
Number of leads referred to other facilities 205 118 142 208 163
All facilities economic impact $3,044,983 $4,684,464 $5,668,201 $5,596,056 $5,926,896
Number of CVB sponsored events (i.e. HDGA, TWGGA, WPS, 106 134 155 124 162
CVB Board, etc.)
Grapevine Farmers & Artisan Market Attendance 37,550 34,400 41,624 - -
Grapevine Farmers & Artisan Market Vendor Participants 480 348 421 - -

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