Page 219 - FY 2025 Adopted Operating Budget and Business Plan

Special Revenue Funds Return to Table of Contents

CONVENTION AND EVENT SERVICES FUND
FY 2025 Operating Position

Actual Budgeted Estimated Adopted
FY 2023 FY 2024 FY 2024 FY 2025

BEGINNING BALANCE $ 3,005,828 $ 2,739,363 $ 2,828,217 $ 3,888,044

REVENUES:
Occupancy Tax $ 10,477,877 $ 11,035,314 $ 10,954,120 $ 11,408,685

Cowboys Stadium Rent / Naming Rights 2,500,000 2,500,000 2,500,000 2,500,000
OBM Lease Revenue - - - 225,000
Arlington Museum of Art Lease - 380,000 380,000 650,000
Arlington Museum of Art Event Share Received - 90,000 17,000 30,000
Esports Stadium + Expo Center Revenues:
eSports Lease $ 350,000 $ 375,000 $ 375,000 $ 120,000
eSports Rental Share Revenue 217,312 250,000 143,014 50,000
Event Labor & Expense 4,160 5,649 1,800 1,800
Catering 160,448 15,000 155,000 125,000
Concessions - Liquor 36,883 3,750 18,500 25,000
Concessions - Food 89,656 15,000 55,000 35,000
Utility Services 139,332 10,000 35,000 20,000
Communication Services 63,590 3,500 8,000 2,000
Rental - Exhibit Hall 623,150 54,000 48,921 -
Rental - Grand Hall 140,375 89,500 485,000 348,000
Rental - Equipment 39,647 7,000 8,000 7,000
Concessionaire Reimbursement 40,321 10,000 12,000 10,000
Audio-Visual 115,651 11,250 65,000 45,000
Parking 427,679 295,000 175,000 260,000
Parking - Special Event 206,587 175,000 400,000 250,000
Security Revenue 31,881 12,000 18,000 16,000
Rental - VIP Room 2,100 1,000 400 1,000
Miscellaneous Revenue 6,773 2,250 600 2,250
Total Esports Stadium + Expo Center Revenues $ 2,695,544 $ 1,334,899 $ 2,004,235 $ 1,318,050

TOTAL REVENUES $ 15,673,421 $ 15,340,213 $ 15,855,355 $ 16,131,735

INTERFUND TRANSFERS:
To General Fund - Indirect Costs $ (447,382) $ (483,173) $ (483,173) $ (645,068)
To Debt Service Fund - TMRS Reimbursement (113,707) (113,707) (113,707) (113,707)
From General Gas Funds - ATF Corpus 3,208,364 3,305,704 3,305,704 3,405,996
To ATF - Corpus Reimbursement (3,208,364) (3,305,704) (3,305,704) (3,405,996)
To ATF - Granting & Interest (2,534,949) - - -
To Communication Services - Radio Maintenance - (1,750,281) (1,750,281) (1,750,281)
To Capital Improvements Set-Aside Loews Arlington (1,000,000) (500,000) (500,000) (500,000)
To Innovation / Venture Capital Fund - - (1,000,000) -
Reserved for Loews Arlington Agreement - (1,000,000) - -

TOTAL INTERFUND TRANSFERS $ (4,096,038) $ (3,847,161) $ (3,250,281) $ (3,009,056)

TOTAL AVAILABLE FUNDS $ 14,583,211 $ 14,232,415 $ 15,433,292 $ 17,010,723
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FY 2025 Adopted Budget and Business Plan 210 City of Arlington, Texas