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ChatGPTClaudePerplexity· Related development
2024/25 venue district budget: $1,545,000 for Civic Center improvements
The board adopted a 2024/25 budget with $4,360,537 in revenue and $4,674,787 in expenditures, for a projected September 30, 2025 fund balance of $5,253,902. It includes $879,950 for Tri-State participation projects, $440,750 for events at the Amarillo National Center and $1,545,000 for Civic Center improvements. On a motion by board member Cliff Bickerstaff the board lowered the interest income estimate by 20% and raised the insurance line to $200,000. Lease Addendum No. 11 added $627,025 in fairgrounds projects.[1][2][3][4]
What the sources say
- ✓ Verified
The 2024/25 budget proposed $4,360,537 in revenues and $4,674,787 in expenditures for a September 30, 2025 fund balance of $5,253,902, with $879,950 for Tri-State participation projects, $440,750 for events at the Amarillo National Center and $1,545,000 for Civic Center improvements. Bickerstaff's motion to approve it except to lower the interest income estimate by 20% and raise the insurance line to $200,000 carried 6-0. [1]
- Revenue
- $4,360,537
- Expenditures
- $4,674,787
- Civic center improvements
- $1,545,000
- ✓ Verified
Unaudited fiscal 2023/24 results reported November 4, 2024: revenues of $4,258,840, expenditures of $1,811,642, transfers of $824,000 to debt service and $340,660 to the Civic Center Improvement fund, and net income after transfers of $1,282,538; total assets of $9,350,922. [2]
- Fy2024 revenue
- $4,258,840
- Fy2024 expenditures
- $1,811,642
- ✓ Verified
On March 24, 2025 the board voted 7-0 to amend the 2024/25 budget by $160,000 for "Project 14 - Demo Asphalt & Install Concrete Driveway" at the fairgrounds; Storrs said the amendment also needed approval by the City Council and the Potter County Commissioners Court. On May 12, 2025 she confirmed both had approved it. [3][4]
- Amendment
- $160,000
