HomeMy WebLinkAboutRevenue and Expenses SummaryGn,sman Center for Nte Performing Arta'
Revenue & Expenses Summary
For the "fhrce Months Ending December 31, 2010
Year -To -Date
FY 2011 Variances
l'age 6
Adopted FY 2010 Actual FY 2011 Actual
Actual Budget Actual FY 2011 Versus FY 2010 Versus 2011 Budget
$ $ $ $ % $
Operating Revenue 216,871 232,580 436,940 (220,069) (50.4) (15,709) (6.8)
Direct Operating Expenses 295,851 287,476 469,604 173,753 37.0 (8,375) (2.9)
Operating Results (78,980) (54,896) (32,664) (46,316) (141.8) (24,084) 43.9
Depreciation & Amortization * 1 186,754 187,284 186,350 (404) (0.2) 530 0.3
Gain (Loss) on Disposal Property - -
Net Revenue In Excess of Expenses (265,734) (242,180) (219,014) (46,720) (21.3) (23,554) (9.7)
* 1 - The Gusman Center is accountable as a Special Revenue Fund (Governmental Fund) for external financial reporting purposes and does not budget for deprecation under GAA
Deprecation expense is presented only t r informational purposes and is not GAAP.
The above summary represents the financial performance of the Gusman Center for the three (3) months ended on December 31, 2010.
ART NORIEGA V SCOTT SIMPSON
CIIIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
Gasman Center for the Peiforining Arts
Revenue & Expenses Summary
For the Month of -December 2010
FY 2011 Variances
1'age 7
Adopted FY 2010 Actual FY 2011 Actual
Actual 13udget Actual FY 2011 Versus FY 2010 Versus 2011 Budget
Current Month $ $ $ $ "A $ "A
Operating Revenue 73,873 73,977 269,465 (195,592) (72.59) (104) (0.14)
Direct Operating Expenses 108,854 95,102 275,666 166,812 60.51 (13,752) (14.46)
Operating Results (34,981) (21,125) (6,201) (28,780) (464.13) (13,856) (65.59)
Depreciation & Amortization 62,259 62,430 59,700 (2,559) (4.29) 171 0.27
Gain (Loss) on Disposal Property
Net Rcvcnuc In Excess of Expenses (97,241) (83,555) (65,901) (31,339) (47.55) (13,685) (16.38)