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ChatGPTClaudePerplexity· Related development
2025/26 venue district budget: $908,000 for Civic Center improvements, plus $375,000 for ANC air conditioning
Storrs presented a 2025/26 budget with $4,586,434 in revenue and $4,145,942 in expenditures, for a projected September 30, 2026 fund balance of $5,688,732, after a revised 2024/25 estimate of $4,496,408 in revenue and $4,944,774 in spending. It includes $868,818 for Tri-State participation projects, $449,500 for events at the Amarillo National Center and $908,000 for Civic Center improvements. The board approved it 6-0 with an added $375,000 for an air conditioner project at the Amarillo National Center, and approved Lease Addendum No. 12 adding $1,039,950 in fairgrounds projects.[1]
What the sources say
- ✓ Verified
The 2025/26 budget proposed $4,586,434 in revenues and $4,145,942 in expenditures for a September 30, 2026 fund balance of $5,688,732, with $868,818 for Tri-State participation projects, $449,500 for events at the Amarillo National Center and $908,000 for Civic Center improvements. Bickerstaff's motion to approve it with an additional $375,000.00 for an air conditioner improvement project at the Amarillo National Center carried 6-0. [1]
- Revenue
- $4,586,434
- Expenditures
- $4,145,942
- Civic center improvements
- $908,000
- Anc air conditioning
- $375,000
- ✓ Verified
At June 30, 2025 the district reported total assets of $13,352,803, liabilities of $4,055,598 and a fund balance of $9,297,205; year-to-date revenues of $3,196,335, expenditures of $1,866,503 and $543,000 in transfers to the debt service fund. The minutes do not explain the liabilities. [1]
- Total assets
- $13,352,803
- Liabilities
- $4,055,598
- ✓ Verified
Civic Center improvement amounts in the district's adopted budgets, as recorded in the minutes: none listed for 2020/21; $1,865,000 for 2021/22; $1,900,000 for 2022/23; $615,000 for 2023/24 (amended to $1,213,767 in March 2024); $1,545,000 for 2024/25; and $908,000 for 2025/26. These are budgeted amounts, not spending. [2][3][4][5][6][7][1]
