260 / 373
Schedule 58
War Memorial Coliseum Capital Project Fund
Schedule of Revenues and Expenses - Budget and Actual (Non-GAAP)
From Project Inception and For the Year Ended June 30, 2016
Actual
Project
Prior
Current
Total
Authorization
Years
Year
To Date
Revenues:
Miscellaneous Revenue:
Rent
465,000
$
225,000
$
$
225,000
$
Sales and Use Tax Refund
553,720
549,379
3,628
553,007
Total Revenues
1,018,720
774,379
3,628
778,007
Expenses:
Facility Improvements:
War Memorial Coliseum Complex Improvements:
Administrative
586,225
573,792
573,792
Arena
20,432,849
20,208,569
187,768
20,396,337
Special Events
678,703
661,248
15,350
676,598
Aquatic Center
1,062,005
1,049,919
1,049,919
Ampitheatre
85,141
85,141
Canada Dry Building
3,173,474
2,218,853
46,644
2,265,497
Parking
2,105,239
1,368,611
701,879
2,070,490
Total Operating Expenses
28,038,495
26,080,992
1,036,782
27,117,774
Operating Loss
(27,019,775)
(25,306,613)
(1,033,154)
(26,339,767)
Nonoperating Revenues:
Investment Income
52
52
Donations and Private Contributions
299,280
174,280
125,000
299,280
Total Nonoperating Revenues
299,280
174,332
125,000
299,332
Nonoperating Expenses:
Bond Issue Expense
512,225
512,225
512,225
Total Nonoperating Expenses
512,225
512,225
512,225
Excess of Revenues Under Expenses Before
Other Financing Sources (Uses)
(27,232,720)
(25,644,506)
(908,154)
(26,552,660)
Other Financing Sources (Uses):
Transfer from Hotel/Motel Occupancy Tax Fund
1,210,720
1,210,720
1,210,720
Transfer from Hotel/Motel Occupancy Tax Fund for Limited
Obligation Notes/Bonds Issued
26,022,000
26,037,051
26,037,051
Transfer to Hotel/Motel Occupancy Tax Fund
(920,720)
(920,720)
Total Other Financing Sources (Uses)
27,232,720
26,327,051
26,327,051
Excess of Revenues and Other Financing
Sources Over (Under) Expenses and Other Financing (Uses)
$
682,545
$
(908,154)
$
(225,609)
$
-122-