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ChatGPTClaudePerplexity· Related development
2022/23 venue district budget: $1.9 million for the Civic Center, $998,500 for fairgrounds projects
The board adopted a 2022/23 budget with $4,116,543 in anticipated revenue and $5,023,737 in expenses, leaving a projected reserve of $5,001,765. It includes $998,500 in Tri-State projects, $1,900,000 in Civic Center improvement projects presented by Storrs and Facilities Director Jerry Danforth, and $355,000 for event assistance including State Event Trust Fund participation. The board also voted to deny a $30,000 request for Tri-State Fair event assistance it had tabled in June, when members asked how many fair participants stayed in hotels.[1][2]
What the sources say
- ✓ Verified
Storrs said hotel occupancy and vehicle rental tax receipts "were coming in stronger than anticipated." The 2022/23 budget projected a $5,908,959 beginning balance, $4,116,543 in revenues and $5,023,737 in expenses, leaving a projected September 30, 2023 reserve of $5,001,765, with $998,500 in Tri-State projects, $1,900,000 in Civic Center Improvement projects and $355,000 in event assistance. Williams' motion to approve it carried unanimously. [1]
- Revenue
- $4,116,543
- Expenses
- $5,023,737
- Civic center improvements
- $1,900,000
- Tristate projects
- $998,500
- ✓ Verified
In June 2022 the Tri-State Exposition asked for $30,000 for Tri-State Fair incentives such as award money, saddles and added shows; board members said most participants come from outside Potter and Randall counties but "were not sure how many stayed in hotels," and tabled it. On August 22, 2022 the board, on Bickerstaff's motion, voted unanimously to deny the request. [2][1]
- ✓ Verified
Finance Director Matt Poston reported unaudited fiscal 2021/22 revenues of $3,984,718 against a $3,340,025 budget and expenditures of $1,740,527 against $1,900,051 budgeted, for net income of $2,244,190. [3]
- Fy2022 revenue
- $3,984,718
- Fy2022 expenditures
- $1,740,527
