HomeMy WebLinkAbout2022.06.30 Convention Center Revenue & Expenditure StatementTOWN OF OCEAN CITY
STATEMENT OF REVENUES AND EXPENDITURES
�+ AS OF JUNE 30, 2022
Expenditures
Administration
FY 2022
FY 2022
FY 2022
91.64
PRIOR YEAR
Performing Arts Center
ADOPTED
REVISED
ACTUAL
ACTUAL AS
ACTUAL
Sales
BUDGET _
BUDGET
TO DATE
X OF BUDGET
TO DATE
CONVENTION CENTER FUND
3,051,845
2,913,304
2,765,185
94.92
2,300,960
Revenues
5,323,065
4,588,738
86.20
8,962,202
Federal Grants
----------------------------------
$ 7,307,063 $
-----------------
12,333,046 $
-----------------
11,112,875
-----------------
90.11 $
184,772
Food and Beverage Taxes
1.450,000
1,450,000
1,289,393
88.92
1,560,035
State and County Grants
1,737,611
1,687,611
1,687,600
100.00
1,581,524
Service Charges
1,847,000
1,427,393
1,499,491
105.05
455,114
Other Revenue
60,461
60,461
(236,080)
(390.47)
298,935
General Fund Contribution
1,687,613
1,687,613
1,687,613
100.00
1,792,558
Bond Proceeds
4,647,140
504,536
10.86
Appropriated Fund Balance
524,378
1,372,828
Total Revenues
----------------------------------
$ 7,307,063 $
12,333,046
-----------------
$ 6,432,553
----------------- -----------------
52.16 $
5,872,938
Expenditures
Administration
3,832,763
3,805,797
3,487,795
91.64
2,676,659
Performing Arts Center
41,000
Sales
381,455
290,880
271,157
93.22
277,913
Maintenance
3,051,845
2,913,304
2,765,185
94.92
2,300,960
Capital Projects
5,323,065
4,588,738
86.20
8,962,202
Total Expenditures
----------------------------------
$ 7,307,063 $
-----------------
12,333,046 $
-----------------
11,112,875
-----------------
90.11 $
14,217,734