FY 2023 Convention Center & StadiumDepartment Budget Presentation Actual and Estimated Expenditures by Object
Department
Expenditures by Object
2018
Actuals
2019
Actuals
2020
Actuals
2021
Actuals
2022
Estimate
2023
Proposed
Personnel Costs $0 $0 $0 $0 $0 $0
Non-Personnel Costs $5,579,968 $6,757,021 $6,902,820 $6,371,519 $6,351,200 $8,595,100 ID Charge Costs $0 $0 $17,290 $0 $0 $0
TOTAL EXPENDITURES$5,579,968 $6,757,021 $6,920,110 $6,371,519 $6,351,200 $8,595,100 Convention Center Department
Actual and Estimated Expenditures
Department Notes
1. The change from the FY2022 Estimate to FY2023 Proposed is a reflection of budgeting a ‘book entry’ required to record ASM expenditures.
Actual and Estimated Revenue by Type
Department Revenue by Type 2018
Actuals
2019
Actuals
2020
Actuals
2021
Actuals 2022 Estimate 2023
Proposed
General Fund $0 $0 $0 $0 $0 $0
Special Revenue $0 $0 $0 $0 $0 $0
Capital $0 $0 $0 $0 $0 $0
Enterprise $5,748,191 $7,303,441 $6,863,790 $6,393,205 $6,351,400 $8,595,100 Internal Service Fund $0 $0 $0 $0 $0 $0
Trust $0 $0 $0 $0 $0 $0
Debt Service $0 $0 $0 $0 $0 $0
TOTAL REVENUE $5,748,191 $7,303,441 $6,863,790 $6,393,205 $6,351,400 $8,595,100 Convention Center Department
Actual and Estimated Revenues
Department Notes
1. Enterprise Revenue includes transfers from General Fund Actual and Estimated Expenditures by Object
Department
Expenditures by Object
2018
Actuals
2019
Actuals
2020
Actuals
2021
Actuals
2022
Estimate
2023
Proposed
Personnel Costs $14,531 $9,005 $2,549 $0 $0 $0
Non-Personnel Costs $3,077,478 $7,374,310 $3,495,748 $3,556,809 $6,172,500 $7,386,200 ID Charge Costs $9,681 $4,685 $393 $0 $0 $0
TOTAL EXPENDITURES$3,101,691 $7,387,999 $3,498,690 $3,556,809 $6,172,500 $7,386,200 Stadium Department
Actual and Estimated Expenditures
Department Notes
1. Variance between FY2022 Estimate to FY2023 Proposed is mainly a reflection of planned capital projects (i.e., natural grass & irrigation system replacement, painting, & PDL upgrades).
Actual and Estimated Revenue by Type
Department Revenue by Type 2018
Actuals
2019
Actuals
2020
Actuals
2021
Actuals 2022 Estimate 2023
Proposed
General Fund $0 $0 $0 $0 $0 $0
Special Revenue $0 $0 $0 $0 $0 $0
Capital $0 $0 $0 $0 $0 $0
Enterprise $10,191,854 $10,512,900 $6,660,962 $6,430,507 $7,066,900 $7,386,200 Internal Service Fund $0 $0 $0 $0 $0 $0
Trust $0 $0 $0 $0 $0 $0
Debt Service $0 $0 $0 $0 $0 $0
TOTAL REVENUE $10,191,854 $10,512,900 $6,660,962 $6,430,507 $7,066,900 $7,386,200 Stadium Department
Actual and Estimated Revenues
Department Notes
1. Enterprise Revenue includes transfers from General Fund Convention Center & Stadium Department
FY 23 Department Budget Service Impacts
1. Convention Center Service Impact – Budgeted General Fund (GF) Transfer • $4,196,300 - to fund scheduled Debt Service
• $1,063,900 – to fund Convention Center operations
• $5,260,200 – Total GF Transfer
2. Stadium Service Impact – Budgeted GF Transfer
• FY 2023 Proposed Budget includes a GF transfer for
• $2,933,500 - to fund scheduled Debt Service
• $ 512,300 - to fund operations
• $ 500,000 – to fund emergency repairs
• $2,164,700 – to fund anticipated capital projects
• $6,110,500 – Total GF Transfer