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MORRIS PERFORMING ARTS CENTER COMPLEX
<br />SUMMARY OF FUNDING SOURCES AND EXPENDITURES
<br />2008 BUDGET
<br />% Change
<br />FY 06 FY07 FY07 FY08 07 Adopted
<br />Actual Budget As of 6/30/07 Estimate 08 Estimate
<br />Expenditure by Cost Center
<br />(all funds combined)
<br />Morris Performing Arts Center $ 868,862 $ 881,808 $ 425,974 $ 968,929 10%
<br />Palais Royale - Ballroom $ 451,011 $ 584,523 $ 240,650 $ 558,884 -4%
<br />Total Expenditures by cost center $ 1,319,873 $ 1,466,331' $ 666,624 $ 1,527,813 4%
<br />Expenditure by Classification
<br />(all funds combined)
<br />Salaries
<br />$
<br />534,080
<br />$ 591,413
<br />$ 280,432
<br />$ 559,981
<br />-5%
<br />Fringe Benefits (3)
<br />$
<br />160,275
<br />$ 210,890
<br />$ 92,935
<br />$ 230,092
<br />9%
<br />Supplies
<br />$
<br />34,841
<br />$ 37,353
<br />$ 18,016
<br />$ 48,900
<br />31%
<br />Contractual Services
<br />$
<br />412,753
<br />$ 449,919
<br />$ 203,947
<br />$ 523,225
<br />16%
<br />Internal Services (1)
<br />$
<br />107,345
<br />$ 101,256
<br />$ 50,629
<br />$ 102,415
<br />1%
<br />Capital
<br />$
<br />70,579
<br />$ 75,500
<br />$ 20,665
<br />$ 63,200
<br />-16%
<br />Total Expenditures by classification $ 1,319,873 $ 1,466,331 $ 666,624 $ 1,527,813 4%
<br />Full Time Personnel
<br />15 16
<br />15
<br />Funding Sources
<br />Fund 101 General Fund
<br />Property Taxes
<br />$
<br />126,721
<br />$ 261,235
<br />$ - $
<br />87,317
<br />-67%
<br />Charges for Services
<br />$
<br />1,031,509
<br />$ 1,010,596
<br />$ 556,214 $
<br />1,217,496
<br />20%
<br />Miscellaneous Revenue
<br />$
<br />105,674
<br />$ 144,500
<br />$ 51,377 $
<br />166,500
<br />15%
<br />Total General Fund
<br />$
<br />1,263,904
<br />$ 1,416,331'
<br />$ 607,590 $
<br />1,471,313
<br />4%
<br />Fund 416 Morris Civic Improvement Fund
<br />Charges for services (ticket surcharge)
<br />$ 104,738.00 $ 132,905 $ 66,909.00 $ 123,000.00
<br />Funding sources over /(under) expenditures (2) $ 48,769.05 $ 82,905.00 $ 7,875.26 $ 66,500.00
<br />(1) Internal Services are charges for administration and liability insurance that are paid to other City funds.
<br />(2) Funding sources in excess of expenditures shows a positive balance due to funds remaining in the Morris Civic Improvement Fund. No
<br />excess revenues are currently generated in the General Fund. Losses are subsidized through property taxes. The amount of property
<br />taxes shown reflects the subsidsy needed.
<br />(3) PERF increases to 6.0% in 2008
<br />Fund 416
<br />Cash 1/1/07 $ 315,928
<br />2007 Estimated Revenue $ 65,000
<br />2007 Capital Budget $ (145,048)
<br />12/31/07 Projected $ 235,880
<br />2008 Estimated Revenue $ 123,000
<br />2008 Capital Budget Requested $ (56,500)
<br />12/31/08 Projected $ 302,380
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