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CABARRUS COUNTY, NORTH CAROLINA
<br />CABARRUS ARENA & EVENTS CENTER MONTHLY REPORT
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
<br /> IN FUND BALANCE - BUDGET AND ACTUAL
<br />For the Year Ended June 30, 2003
<br />As of May 31, 2003
<br />
<br /> Month Year Budget vs. % %
<br />Budget To-Date To-Date Y-T-D M-T-D Y-T-D
<br />
<br />REVENUES:
<br /> Expo:
<br /> Parking fees $ 64,890 $ 2,335 $ 42,851
<br /> Rental fees 332,000 17,035 199,903
<br /> Box office receipts 145,000 118,464
<br /> Sponsorships 35,000 35,000
<br /> States fees 30,000
<br /> Miseellanenus 3,350 5,200 7,403
<br /> Total 610~240 24T570 403,621
<br />
<br />(22,039) 3.60% 66.04%
<br />(132,097) 5.13% 60.21%
<br />(26,536) 0.00% 81.70%
<br />- 0.00% 100.00%
<br />(30,000) 0.00% 0.00%
<br />4,053 155.22% 220.99%
<br />
<br />(206,619) 4.03%
<br />
<br />66.14%
<br />
<br />County Fair:
<br />Parking fees 45,000
<br />Rental fees 56,000
<br />Carnival receipts 110,000
<br />Gate receipts 217,000
<br />Sponsorships 15,000
<br />M~seellanenus
<br />Total 443,000
<br />
<br />500
<br />
<br />51,301 6,301 0.00% 114.00%
<br />113,792 57,792 0.89% 203.20%
<br />110,861 861 0.00% 100.78%
<br />218,208 1,208 0.00% 100.56%
<br />12,250 (2,750) 0.00% 81.67%
<br />1,775 1 ~775 0.00% 0.00%
<br /> 65,187 0.11% 11471%
<br />
<br />500 508,~s7
<br />
<br />Food Services:
<br /> Banquet fees
<br /> Concession sales
<br /> Total
<br />
<br />Investment earnings
<br />
<br />Total revenues
<br />
<br />142,000 23,835 131,139 (10,861 )
<br />68,500 100 34T921 (33,579)
<br />210~500 23,935 166,060 (44~440)
<br />
<br />900
<br />
<br />699 (201}
<br />
<br />1 ~264t640 49,005 1 ~078,567 (186,073)
<br />
<br />16.79% 92.35%
<br />0.15% 50.98%
<br />
<br />11.37% 78.89%
<br />0.00% ~ 77 67%
<br />3.88% 85.29%
<br />
<br />EXPENDITURES:
<br /> Expo:
<br /> Salaries and employee benefits 403,745 29,767 307,538 96,207 7.37% 76.17%
<br /> Box office expenses 118,000 104,240 13,760 0.00% 88.34%
<br /> Other operating expenditures 1,065,401 35,886 767,313 298,088 3.37% 72 02%
<br /> Capital outlay 511 ~000 2,753 371,669 139,331 0.54% 72.73%
<br /> Total 2,098,146 68,406 1,550,760 547~386 3.26% 73.91%
<br />
<br />County Fmr:
<br /> Salaries and employee benefits
<br /> Other operating expenditures
<br /> Total
<br />
<br /> 22,410
<br />,' 437~390
<br /> 459,800
<br />
<br /> 18,502 3,908 0.00% 82.56%
<br />1,100 374,524 62,866 0.25% 85.63%
<br />
<br />ld00 393,026 66~774 0.24% 85.48%
<br />
<br />Food Services:
<br /> Contracted personnel services
<br /> Management fee
<br /> Other operating expenditures
<br /> Capital Lease-K~tchen eqmpment
<br /> Total
<br />
<br />Total expenditures
<br />
<br />Revenues over (under) expenditures
<br />
<br />88,000
<br />53,000
<br />105,450
<br />32,000
<br />278,450
<br />
<br />2,836,396
<br />
<br />(1~571,756)
<br />
<br />48,538 39362 0.00% 55.16%
<br />30,383 22,617 0.00% 57.33%
<br />54,947 50,503 0.00% 52.11%
<br />11,386 20,614 0.00% 35.58%
<br />145,254 133,196 0.00% 52.17%
<br />
<br />69,506 2,089,040 747~356. 2.45% 73.65%
<br />
<br />(20,501} (I,010,473) (561,283) 1.30% 6429%
<br />
<br />OTHER FINANCING SOURCES:
<br />General Fund Contribution
<br />
<br />1 ~571,756 50~000 1 ~075,000 496~756 3.18% 68 39%
<br />
<br />Revenues and other financing sources
<br /> over (under) expenditures
<br />
<br />29,499 $ 64,527 $ (64,527)
<br />
<br />Fund Balance, July 1,2002
<br />
<br />Fund Balance, May 30, 2003
<br />
<br />$ 64,527
<br />
<br />
<br />
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