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Schedule 57
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War Memorial Coliseum Fund
Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP)
For the Fiscal Year Ended June 30, 2016
Variance
Final
Positive
Budget
Actual
(Negative)
Operating Revenues:
Charges for Current Services
21,820,517
$
18,163,472
$
(3,657,045)
$
Other Operating Revenues
640,350
694,548
54,198
Total Operating Revenues
22,460,867
18,858,020
(3,602,847)
Operating Expenses:
Personal Services
5,642,976
5,697,920
(54,944)
Fringe Benefits
1,632,558
1,568,731
63,827
Maintenance and Operations
17,128,515
14,747,189
2,381,326
Capital Outlay
1,019,542
498,367
521,175
Total Operating Expenses
25,423,591
22,512,207
2,911,384
Operating Loss
(2,962,724)
(3,654,187)
(691,463)
Nonoperating Revenues:
Investment Income
50,000
64,801
14,801
Net Increase (Decrease) in the Fair
Value of Investments
18,182
18,182
Total Investment Income
50,000
82,983
32,983
Donations and Private Contributions
273,914
273,914
Total Nonoperating Revenues
50,000
356,897
306,897
Nonoperating Expenses:
Principal Maturities
262,257
281,920
(19,663)
Interest Expense
62,358
52,415
9,943
Miscellaneous Nonoperating Expense
1,700
1,700
Total Nonoperating Expenses
326,315
334,335
(8,020)
Excess of Revenues Under Expenses Before
Other Financing Sources
(3,239,039)
(3,631,625)
(392,586)
Other Financing Sources:
Transfers In
2,500,000
2,500,000
Excess of Revenues and Other Financing
Sources Under Expenses
(739,039)
(1,131,625)
(392,586)
Appropriated Fund Balance
739,039
(739,039)
Excess of Revenues and Other Financing
Sources Under Expenses
$
(1,131,625)
$
(1,131,625)
$
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