HomeMy WebLinkAboutSummary of Major VariancesGUSMAN CENTER FOR THE PERFORMING ARTS
Summary of Major Variances
For the Month of December 2010 Page 10
1 The variance is attributable to eight shows in December 2009 vs. seven shows in December 2010. All show related revenues and
expenses are directly related to the number of shows and attendance in that particular month as well as ticketed or non -ticketed shows.
2 The negative variance is due to no payments received from Olympia Building Partners.
3 The negative variance is attributable to AC unit repairing payments of approximate $8k to Edd Helms.
4 The negative variance is attributable to payment in the amount of $2.3k for grant consulting services.
5 The negative variance is due to the payment for two conference registration/membership fees totaling $1.2k.
6 The negative variance is due to payment towards Public Relations in the amount of $4k to Atwater Creative.
7 Following represent the various grant revenues as well as capital expenses:
Amount
Olympia Building $1.1m Grant 2.090
Gusman - Emergency Egress Light Tsfr. Panel Equip 6.388
8,478
8 Accounts Receivable as of Dec'10: FY 09/10 FY 10/11
AR Balance - Promoter (Telemundo paid in Jan'! l) 8.618 63.170
Bad Debt Reserve - Promoter (8.061) (5,431)
Total 557 57.739
AR Balance - FOG 500
Total 58,239
The above summary represents the major variances from budget for the month of December 2010.
ART NORIEGA V SCOTT SIMPSON
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER