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HomeMy WebLinkAboutExhibitGusman & Olympia Enterprise Fund Proposed FY 2008 Operating Budget Operating Revenue: FY 2007 Adopted FY 2008 Requested Increase/(Decrease) Olympia Building - Rental $ 158,500 $ 158,500 S - Gusman Center- Rental 189,000 189,000 - Concessions 115,500 100,000 (15,500) (13.42) Equipment Rental 20,000 50,000 30,000 150.00 Rental Receptions - 2,000 2,000 100.00 Ticket Service Charge/Commission 17,000 19,000 2,000 11.76 Facility Charge $1.00 40,000 40,000 Restoration Fees - Gusman 40,000 40,000 Front of House 73,500 75,000 1,500 2.04 Credit Card Revenue 13,000 16,000 3,000 23.08 Advertising - 15,000 15,000 100.00 Miscellaneous 2,500 10,000 7,500 300.00 Grant Revenue: Capital Improvement Grant 582,000 258,000 (324,000) (55.67) County Grant 75,000 - (75,000) (100.00) City Grant - 824,000 824,000 100.00 City Operating Contribution 336,454 383,739 47,285 14.05 Total Revenues $ 1,662,454 S 2,180,239 $ 517,785 31.15 % Operating Expenses: Salaries & Wages $ 287,269 $ 305,711 $ 18,442 6.42 % Benefits 105,024 104,542 (482) (0.46) Maintenance- Property 20,000 25,000 5,000 25.00 Air Conditioning 11,000 8,000 (3,000) (27.27) Computer 300 300 - Alarm 3,500 4,000 500 14.29 Repair Equipment 18,000 10,000 (8,000) (44.44) Cleaning and Housekeeping - General 7,000 7,000 Cleaning and Housekeeping - Shows 27,000 27,000 Tools and Supplies 5,000 5,000 Maintenance - Other 2,000 2,000 Repairs & Replacement - 1,000 1,000 100.00 Security 1,050 1,050 - - Telephone 7,000 7,500 500 7.14 Office Rent 21,900 21,900 - - Light & Power 90,000 95,000 5,000 5.56 Water 13,000 15,000 2,000 15.38 Insurance -Worker's Compensation 6,374 4,136 (2,238) (35.11) Insurance 208,387 281,700 73,313 35.18 Front of House Expense 35,000 30,000 (5,000) (14.29) Front of House Supplies 5,000 5,000 - Equipment Purchase 15,000 10,000 (5,000) (33.33) Credit Card Expenses 4,000 7,000 3,000 75.00 Equipment Rentals 4,000 4,000 Audit Fees 15,000 15,000 Consultants 28,000 28,000 Bank Charges 5,500 5,500 Postage -Courier I,000 500 (500) (50.00) Printing 5,000 15,000 10,000 200.00 Office Supplies 2,500 2,000 (500) (20.00) Computer Supplies 500 500 100.00 Computer Software 5,000 5,000 100.00 Licenses 2,000 1,500 (500) (25.00) Special Services - Miscellaneous 500 500 - Management Fee 20,000 20,000 - Entertainment 1,250 1,000 (250) (20.00) Tarvel 1,250 1,000 (250) (20.00) Meetings and Conventions - 500 500 100.00 Publications 150 400 250 166.67 Membership Fees 2,000 2,500 500 25.00 Promotions 4,500 4,500 - - Advertising 20,000 13,000 (7,000) (35.00) Grant Expenditures (Capital Improvement) 582,000 258,000 (324,000) (55.67) Grant Expenditures (Other) 75,000 824,000 749,000 998.67 Total Expenses S 1,662,454 S 2,180,239 $ 517,785 31.15