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CENTURY CENTER
<br />SUMMARY OF FUNDING SOURCES AND EXPENDITURES
<br />2008 BUDGET
<br />FTE's
<br />34.0 0.0 0.0 0.0
<br />Funding Sources
<br />% Change
<br />FY 06
<br />FY07
<br />FY07
<br />FY08
<br />07 Adopted
<br />680,632
<br />Actual
<br />Budget
<br />As of 6/30/07
<br />Estimate
<br />08 Estimate
<br />Expenditure by Cost Center
<br />0%
<br />Parking Fees 233,790
<br />280,436
<br />100,746
<br />237,150
<br />Century Center
<br />2,872,715
<br />3,228,347
<br />1,396,498
<br />3,440,723
<br />7%
<br />Total Expenditures by cost center
<br />2,872,716
<br />3,228,347
<br />1,396,498 '
<br />3,440,723
<br />' 7%
<br />Expenditure by Classification
<br />64,909
<br />170,000
<br />1 %
<br />Audio /Visual Technology (2) 37,939
<br />51,384
<br />Salaries
<br />1,271,368
<br />1,429,008
<br />650,441
<br />1,619,584
<br />13%
<br />Fringe Benefits
<br />438,263
<br />518,493
<br />151,524
<br />403,595
<br />-22%
<br />Supplies
<br />79,212
<br />100,801
<br />36,913
<br />99,150
<br />-2%
<br />Contractual Services
<br />962,714
<br />969,498
<br />552,379
<br />1,152,354
<br />19%
<br />Internal Services (1)
<br />121,158
<br />110,547
<br />3,787
<br />66,040
<br />-40%
<br />Capital (3)
<br />0
<br />100,000
<br />1,454
<br />100,000
<br />0%
<br />Total Expenditures by classification
<br />2,872,716
<br />3,228,347
<br />1,396,498
<br />3,440,723
<br />7%
<br />FTE's
<br />34.0 0.0 0.0 0.0
<br />Funding Sources
<br />Fund 670 Century Center
<br />Hotel /Motel Tax 1,247,928
<br />1,361,263
<br />680,632
<br />1,497,390
<br />10%
<br />Professional Sports Development 0
<br />100,000
<br />0
<br />100,000
<br />0%
<br />Parking Fees 233,790
<br />280,436
<br />100,746
<br />237,150
<br />-15%
<br />Catering Commissions 693,217
<br />558,497
<br />254,686
<br />736,885
<br />32%
<br />Room Rental 353,558
<br />570,258
<br />119,489
<br />742,000
<br />30%
<br />Equipment Rental 162,436
<br />168,636
<br />64,909
<br />170,000
<br />1 %
<br />Audio /Visual Technology (2) 37,939
<br />51,384
<br />14,523
<br />172,833 236%
<br />Art Center Rent 65,000
<br />65,000
<br />0
<br />65,000
<br />0%
<br />Other Revenue 272,356
<br />109,220
<br />238,766
<br />63,630
<br />-42%
<br />Total Designated Funding Sources 3,066,224
<br />3,264,694
<br />1 ,4735761
<br />3,784,888
<br />16%
<br />Revenue over /(under) expenditures 193,509
<br />36,347
<br />77,253
<br />344,165
<br />(1) Internal Services are charges for administration and liability
<br />insurance that are paid to other
<br />City funds.
<br />The City entered into a contract with Global Spectrum to manage Century Center
<br />effective January
<br />1, 2007.
<br />The City administration fee is no longer being charged to Century
<br />Center; liability insurance
<br />is being charged as this
<br />is a city owned facility.
<br />(2) A revised pricing structure is being planned for 2008.
<br />(3) Money transferred from the Professional Sports and Development Fund for
<br />use on capital items only.
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