Finance

[PDF]Finance - Rackcdn.comhttps://6d0abe2dbb57132ce294-e31931658c554c23e32ec524623afaf8.ssl.cf1.rackcd...
2 downloads 246 Views 206KB Size
Download PDF
Dallas Hotel Occupancy Tax Dallas Tourism Public Improvement District Fiscal Year 2017-18 Revenue - Budget to Actual 8.16%

9.65%

7.40%

6.08%

8.74%

Budget Hotel Occupancy Tax Public Improvement District

###

October 1,506,227 1,370,666

November 1,780,304 1,620,077

December 1,365,122 1,242,261

January 1,121,821 1,020,857

February 1,613,219 1,468,030

Actual Hotel Occupancy Tax Public Improvement District

1,586,384 1,462,966

Forecast (based on YTD) ## Hotel Occupancy Tax ## Public Improvement District

-

-

-

8.45%

March 1,558,702 1,418,419

-

-

May 1,788,098 1,627,169

-

-

18,449,378 16,788,934

-

9.65%

7.40%

Variance (Monthly) Hotel Occupancy Tax Public Improvement District

80,158 92,300

94,743 109,095

72,648 83,653

59,701 68,744

85,852 98,857

82,950 95,516

94,293 108,577

95,158 109,573

84,320 97,093

83,713 96,394

75,032 86,398

73,262 84,360

981,831 1,130,561

Variance (Cumulative) Hotel Occupancy Tax Public Improvement District

80,158 92,300

174,901 201,396

247,550 285,049

307,250 353,793

393,102 452,650

476,052 548,166

570,345 656,742

665,503 766,315

749,824 863,409

833,537 959,803

908,569 1,046,201

981,831 1,130,561

981,831 1,130,561

November

December

January

6.08%

8.74%

February Budget HOT

March

Actual/Forecast HOT

8.45%

9.60%

April Budget PID

9.69%

May Actual/Forecast PID

1,668,766 1,538,939 8.59%

June

1,656,754 1,527,861 8.53%

July

7.64%

1,586,384 1,462,966

8.16%

1,883,256 1,736,742

8.53%

100.00%

1,437,771 1,325,914

1,866,134 1,720,952

8.59%

-

7.46%

August September 1,409,911 1,376,648 1,283,019 1,252,749

1,875,047 1,729,172

1,641,652 1,513,934

9.69%

7.64%

July 1,573,040 1,431,467

1,586,384 1,462,966

1,699,071 1,566,886

9.60%

-

8.53%

7.40%

1,181,522 1,089,601

8.45%

-

8.59%

June 1,584,445 1,441,845

9.65%

October

8.74%

9.69%

8.16%

2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 -

6.08%

9.60%

April 1,771,841 1,612,376

1,484,943 1,369,417

7.46%

1,449,909 1,337,109

7.64%

19,431,209 17,919,495

7.46%

August

September

Hotel Lodging Performance Dallas City Limits (monthly data to prior year) Dallas City Limits Occupancy (%) This Year Last Year % Change ADR ($) This Year Last Year % Change RevPAR ($) This Year Last Year % Change Supply This Year Last Year % Change Demand This Year Last Year % Change Revenue ($) This Year Last Year % Change

MONTH CONSUMED Sep Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

FYTD



73.39 73.14 0.35%

74.94 73.54 1.90%

68.51 68.57 (0.08%)

-



-



-



-



-



-



-



-



-

72.52 71.95 0.79%



128.14 128.73 (0.46%)

138.08 132.68 4.07%

127.64 119.53 6.79%

-



-



-



-



-



-



-



-



-

131.73 127.63 3.21%



94.04 94.15 (0.12%)

103.47 97.57 6.05%

87.45 81.96 6.70%

-



-



-



-



-



-



-



-



-

95.53 91.83 4.03%

937,140 991,004 799,979 919,477 953,932 769,300 1.92% 3.89% 3.99%

-



-



-



-



-



-



-



-



-

2,728,123 2,642,709 3.23%

687,749 742,652 548,073 672,463 701,512 527,498 2.27% 5.86% 3.90%

-



-



-



-



-



-



-



-



-

1,978,474 1,901,473 4.05%

88,126,498 102,542,287 69,957,835 86,567,283 93,073,749 63,051,217

-



-



-



-



-



-



-



-



-

260,626,620 242,692,249 7.39%

1.80%

10.17%

10.95%

$ 1.23 B increase in hotel revenues in the 64 months since the district was created

Hotel Lodging Performance Dallas City Limits (monthly data to prior year) PID Hotels Only Occupancy (%) This Year Last Year % Change ADR ($) This Year Last Year % Change RevPAR ($) This Year Last Year % Change Supply This Year Last Year % Change Demand This Year Last Year % Change Revenue ($) This Year Last Year % Change

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

FYTD



73.78 73.94 (0.21%)

76.15 74.10 2.77%

69.21 68.94 0.39%

-



-



-



-



-



-



-



-



-

73.31 72.54 1.06%



136.66 136.88 (0.16%)

146.78 140.83 4.23%

135.67 126.77 7.01%

-



-



-



-



-



-



-



-



-

140.18 135.54 3.42%



100.83 101.20 (0.37%)

111.77 104.35 7.12%

93.90 87.40 7.44%

-



-



-



-



-



-



-



-



-

102.76 98.32 4.52%

733,680 758,112 611,429 738,817 767,250 618,750 (0.70%) (1.19%) (1.18%)

-



-



-



-



-



-



-



-



-

2,103,221 2,124,817 (1.02%)

541,328 577,299 423,198 546,251 568,498 426,584 (0.90%) 1.55% (0.79%)

-



-



-



-



-



-



-



-



-

1,541,825 1,541,333 0.03%

73,979,645 84,734,162 57,413,901 74,771,435 80,059,047 54,079,894

-



-



-



-



-



-



-



-



-

216,127,708 208,910,376 3.45%

(1.06%)

5.84%

6.16%

Hotel Lodging Performance Dallas City Limits (monthly data to prior year) Non-PID Hotels Occupancy (%) This Year Last Year % Change ADR ($) This Year Last Year % Change RevPAR ($) This Year Last Year % Change Supply This Year Last Year % Change Demand This Year Last Year % Change Revenue ($) This Year Last Year % Change

Sep

Oct

Nov

Dec

Jan*

Feb

Mar

Apr

May

Jun

Jul

Aug

FYTD



71.97 69.86 3.01%

71.00 71.25 (0.35%)

66.23 67.03 (1.20%)

-



-



-



-



-



-



-



-



-

69.87 69.54 0.48%



96.62 93.46 3.38%

107.70 97.84 10.07%

100.45 88.90 12.99%

-



-



-



-



-



-



-



-



-

101.91 93.80 8.64%



69.53 65.29 6.49%

76.47 69.72 9.68%

66.53 59.59 11.64%

-



-



-



-



-



-



-



-



-

71.21 65.23 9.17%

203,460 232,892 188,550 180,660 186,682 150,550 12.62% 24.75% 25.24%

-



-



-



-



-



-



-



-



-

624,902 517,892 20.66%

146,421 165,353 124,875 126,212 133,014 100,914 16.01% 24.31% 23.74%

-



-



-



-



-



-



-



-



-

436,649 360,140 21.24%

14,146,853 17,808,125 12,543,934 11,795,848 13,014,702 8,971,323

-



-



-



-



-



-



-



-



-

44,498,912 33,781,873 31.72%

19.93%

36.83%

39.82%

Hotel Lodging Performance Dallas City Limits (monthly data to prior year) DTPID Hotels percent of Destination Current Fiscal Year Supply 77.09% Demand 77.93% Revenue 82.93% Prior Fiscal Year Supply Demand Revenue

80.40% 81.06% 86.08%

Running 28 Days (ending 11/25/2017) ADR ($) RevPAR ($)

Occ (%)

Percent Change (%)

2017

2016

2017

2016

2017

2016

Occ

Total United States Class Luxury Upper Upscale Upscale Upper Midscale Midscale Economy Top 25 Markets Anaheim/Santa Ana, CA Atlanta, GA Boston, MA Chicago, IL Dallas, TX Denver, CO Detroit, MI Houston, TX Los Angeles/Long Beach, CA Miami/Hialeah, FL Minneapolis/St Paul, MN-WI Nashville, TN New Orleans, LA New York, NY Norfolk/Virginia Beach, VA Oahu Island, HI Orlando, FL Philadelphia, PA-NJ Phoenix, AZ San Diego, CA San Francisco/San Mateo, CA Seattle, WA St Louis, MO-IL Tampa/St Petersburg, FL Washington, DC-MD-VA

62.3

61.4

122.68

119.84

76.41

73.53

1.5

ADR

2.4

RevPAR

3.9

68.7 69.4 69.2 63.8 56.0 54.9

67.7 68.8 67.9 62.4 55.2 54.7

270.57 177.04 136.31 110.91 88.90 69.75

268.11 174.14 134.10 108.82 86.52 67.26

185.88 122.90 94.32 70.81 49.80 38.28

181.52 119.73 91.01 67.95 47.77 36.77

1.5 1.0 2.0 2.2 1.5 0.4

0.9 1.7 1.7 1.9 2.8 3.7

2.4 2.6 3.6 4.2 4.3 4.1

74.3 64.2 72.2 66.3 67.3 66.8 63.2 74.5 75.1 79.3 60.5 72.4 70.8 88.2 52.1 81.2 76.7 69.6 70.3 71.0 78.2 69.4 61.3 69.4 68.6

74.2 62.6 69.2 68.0 68.1 63.3 62.7 57.5 76.7 72.0 58.4 70.7 69.8 88.8 53.2 81.1 72.9 67.0 68.4 72.0 79.8 70.9 61.4 67.3 67.4

151.90 105.95 187.75 146.20 108.38 129.95 100.06 111.19 170.37 182.01 111.75 144.76 167.46 274.71 85.42 221.77 120.22 133.44 125.93 147.75 239.70 140.45 103.04 116.26 154.56

144.77 102.69 191.05 153.03 103.93 121.57 95.36 100.28 167.50 168.97 113.78 136.74 157.67 278.73 82.89 220.53 114.72 131.04 124.98 143.24 204.06 139.14 98.29 111.06 151.62

112.92 68.06 135.59 96.91 72.94 86.78 63.26 82.89 128.00 144.25 67.57 104.87 118.62 242.26 44.54 180.09 92.27 92.87 88.54 104.89 187.44 97.46 63.16 80.67 106.00

107.39 64.32 132.25 103.99 70.83 76.99 59.76 57.65 128.42 121.60 66.46 96.64 110.07 247.58 44.11 178.77 83.68 87.80 85.55 103.18 162.94 98.58 60.31 74.75 102.14

0.2 2.6 4.3 -2.5 -1.2 5.4 0.9 29.7 -2.0 10.1 3.5 2.5 1.5 -0.7 -2.0 0.2 5.2 3.9 2.7 -1.4 -2.1 -2.1 -0.1 3.1 1.8

4.9 3.2 -1.7 -4.5 4.3 6.9 4.9 10.9 1.7 7.7 -1.8 5.9 6.2 -1.4 3.1 0.6 4.8 1.8 0.8 3.2 17.5 0.9 4.8 4.7 1.9

5.1 5.8 2.5 -6.8 3.0 12.7 5.9 43.8 -0.3 18.6 1.7 8.5 7.8 -2.1 1.0 0.7 10.3 5.8 3.5 1.7 15.0 -1.1 4.7 7.9 3.8

Top 25 Markets Average

70.5

68.9

147.24

142.31

106.51

101.03

2.5

3.6

6.4

Year to Date - October 2017 vs October 2016 Occ % 2017

ADR 2016

2017

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

157.51 107.39 200.72 145.38 106.43 133.59 102.80 108.38 177.65 183.36 117.18 143.75 148.51 248.61 104.03 231.64 121.11 130.62 128.76 164.10 232.51 164.39 105.82 129.13 162.81

RevPAR 2016

151.97 104.56 196.35 145.57 104.36 129.58 98.00 106.18 174.66 188.33 119.71 135.51 149.77 252.37 102.69 225.25 115.91 133.79 124.18 157.63 237.24 157.46 102.08 124.44 155.69

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

124.20 76.77 153.50 101.78 75.90 101.93 70.16 72.24 145.16 140.01 81.12 109.03 102.10 214.95 66.96 193.29 96.34 91.08 88.02 130.18 196.80 130.40 71.35 95.18 121.27

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Percent Change from YTD 2015 RevPAR

Properties

Rooms

Census

Census

2016

Occ

ADR

120.75 74.92 150.52 103.28 76.52 99.48 65.98 67.89 145.05 143.55 84.84 103.93 105.10 215.50 63.49 190.15 88.39 95.08 84.71 124.16 203.68 122.77 69.66 90.90 115.83

-0.8% -0.2% -0.2% -1.3% -2.7% -0.6% 1.4% 4.3% -1.6% 0.2% -2.3% -1.1% -2.0% 1.3% 4.1% -1.2% 4.3% -1.9% 0.2% 0.7% -1.4% 1.7% -1.2% 0.9% 0.1%

3.6% 2.7% 2.2% -0.1% 2.0% 3.1% 4.9% 2.1% 1.7% -2.6% -2.1% 6.1% -0.8% -1.5% 1.3% 2.8% 4.5% -2.4% 3.7% 4.1% -2.0% 4.4% 3.7% 3.8% 4.6%

2.9% 2.5% 2.0% -1.4% -0.8% 2.5% 6.3% 6.4% 0.1% -2.5% -4.4% 4.9% -2.8% -0.3% 5.5% 1.7% 9.0% -4.2% 3.9% 4.8% -3.4% 6.2% 2.4% 4.7% 4.7%

4.3% 3.7% 4.9% 0.9% 2.5% 6.6% 8.6% 11.8% 2.1% 1.3% -0.5% 9.1% -0.5% 3.8% 5.3% 5.7% 9.7% -1.8% 5.9% 5.9% -3.2% 9.3% 4.0% 8.0% 6.8%

1.4% 1.2% 2.8% 2.4% 3.4% 4.0% 2.2% 5.1% 2.0% 3.9% 4.0% 4.0% 2.4% 4.0% -0.2% 3.9% 0.7% 2.5% 1.9% 1.0% 0.2% 2.9% 1.5% 3.1% 2.0%

0.6% 0.9% 2.6% 1.1% 0.5% 3.4% 3.6% 9.5% 0.4% 4.1% 1.6% 2.9% 0.3% 5.4% 3.9% 2.7% 5.0% 0.6% 2.1% 1.8% -1.2% 4.7% 0.3% 4.0% 2.2%

444 817 382 767 676 335 393 879 1,018 425 340 349 288 649 343 93 495 398 465 485 397 358 330 461 723

57,068 96,348 55,271 116,743 84,781 46,809 43,385 86,706 101,816 54,514 41,679 40,933 39,974 118,647 37,031 30,052 123,927 47,903 64,254 61,736 52,410 44,954 38,709 45,857 112,129

Room Rev Room Avail Room Sold

Anaheim/Santa Ana, CA Atlanta, GA Boston, MA Chicago, IL Dallas, TX Denver, CO Detroit, MI Houston, TX Los Angeles/Long Beach, CA Miami/Hialeah, FL Minneapolis/St Paul, MN-WI Nashville, TN New Orleans, LA New York, NY Norfolk/Virginia Beach, VA Oahu Island, HI Orlando, FL Philadelphia, PA-NJ Phoenix, AZ San Diego, CA San Francisco/San Mateo, CA Seattle, WA St Louis, MO-IL Tampa/St Petersburg, FL Washington, DC-MD-VA

78.9% 71.5% 76.5% 70.0% 71.3% 76.3% 68.2% 66.7% 81.7% 76.4% 69.2% 75.8% 68.8% 86.5% 64.4% 83.4% 79.5% 69.7% 68.4% 79.3% 84.6% 79.3% 67.4% 73.7% 74.5%

79.5% 71.6% 76.7% 70.9% 73.3% 76.8% 67.3% 63.9% 83.0% 76.2% 70.9% 76.7% 70.2% 85.4% 61.8% 84.4% 76.3% 71.1% 68.2% 78.8% 85.9% 78.0% 68.2% 73.0% 74.4%

Top 25 Markets United States

75.0% 67.6%

74.9% $ 154.24 67.1% $ 127.46

$ 151.85 $ 124.89

$ 115.73 $ 86.19

$ 113.75 $ 83.85

0.2% 0.7%

1.6% 2.1%

1.7% 2.8%

4.2% 4.7%

2.4% 1.8%

2.6% 2.6%

492 54,780

65,745 5,166,034

Dallas MD Large Convention Hotels+ Dallas MD LuxUpUpsc wout Conv Hotels+ Dallas MD Upscale+ Dallas MD Upper Midscale+ Dallas MD Midscale+ Dallas MD Economy+

68.2% 70.4% 73.7% 72.3% 71.3% 71.7%

67.7% 71.5% 77.7% 75.1% 73.0% 74.5%

$ 165.07 $ 158.74 $ 118.29 $ 99.03 $ 77.69 $ 49.34

$ 112.94 $ 113.60 $ 87.82 $ 71.11 $ 56.36 $ 36.28

$ 111.83 $ 113.51 $ 91.95 $ 74.38 $ 56.74 $ 36.78

0.7% -1.6% -5.2% -3.8% -2.4% -3.9%

0.3% 1.7% 0.8% -0.7% 1.8% 2.6%

1.0% 0.1% -4.5% -4.4% -0.7% -1.4%

1.0% 1.9% 2.9% 3.2% 4.4% -0.1%

0.0% 1.8% 7.8% 8.0% 5.1% 1.2%

0.7% 0.1% 2.1% 3.9% 2.6% -2.7%

4 48 115 129 72 144

5,567 15,474 16,638 12,594 6,603 15,635

$ 165.57 $ 161.44 $ 119.20 $ 98.37 $ 79.07 $ 50.62

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

2017

Participation

VisitDallas Statement of Activities As of Thursday, November 30, 2017 Unaudited FY 2017 Actual

FY 2018 Budget

MTD 11/30/2017 Budget

MTD 11/30/2017 Actual

YTD 11/30/2017 Budget

YTD 11/30/2017 Actual

$1,780,304 1,620,077 76,875 21,354 27,760 0 1,708 427 6,406 0 12,813 427 1,708 0 $3,549,859

$0 0 0 0 26,443 0 0 6,170 8,679 0 211 0 0 0 $41,503

$3,286,531 2,990,743 153,750 42,708 55,521 0 3,417 854 12,813 0 25,625 854 3,417 0 $6,576,233

$0 0 77,695 (3,500) 40,518 0 0 34,805 19,111 0 7,963 0 0 0 $176,592

SUPPORT & REVENUE Hotel-Motel Tax PID Recovery Fee Membership Sponsorships Partnerships Government Funding Rebates Registration Advertising/Royalties Merchandise Sales Ticket Sales Interest Other Income In-Kind Donations TOTAL SUPPORT & REVENUE

$16,675,447 $18,449,378 14,890,959 16,788,934 888,967 922,500 103,340 256,250 171,107 333,125 6,848,202 0 10,451 20,500 29,715 5,125 125,503 76,875 1,643 0 668,048 153,750 0 5,125 (8,838) 20,500 651,964 250,000 $41,056,508 $37,282,062

EXPENSES PROGRAM SERVICES: Executive Diversity & Inclusion Sports Marketing Tourism Film Commission Sales Management Sales Experience Management Partner Experience Visitor Experience Client Experience Marketing Public Relations Special Events & Activities Event Trust Fund Public Improvement District TOTAL PROGRAM SERVICES

1,302,418 480,280 1,085,293 1,782,637 169,158 1,544,859 3,048,468 881,285 535,664 167,980 946,479 1,787,564 866,289 178,999 7,813,986 11,286,238 33,877,597

1,327,413 501,070 1,457,872 2,112,191 200,000 1,154,233 3,432,520 485,458 553,287 306,024 1,018,926 2,143,130 1,158,684 0 0 16,788,934 32,639,742

110,618 41,756 121,489 176,016 16,667 96,186 286,043 40,455 46,107 25,502 84,911 178,594 96,557 0 0 1,399,078 2,719,979

115,404 28,582 79,018 126,114 53,009 91,394 175,373 68,492 26,743 24,152 77,021 131,923 35,992 4,000 296,914 1,238,101 2,572,232

221,236 83,512 242,979 352,032 33,333 192,372 572,087 80,910 92,214 51,004 169,821 357,188 193,114 0 0 2,798,156 5,439,958

195,716 77,549 157,058 217,412 56,509 144,713 376,484 127,120 86,241 35,309 128,934 349,791 75,660 4,000 (99,305) 1,402,618 3,335,809

NON-PROGRAM EXPENSES: Finance & Administration Contracted Services Fixed Operating Costs Depreciation & Amortization TOTAL NON-PROGRAM EXPENSES TOTAL EXPENSES

2,045,850 582,725 1,147,255 342,892 4,118,722 37,996,319

1,842,798 325,000 927,373 319,242 3,414,413 36,054,155

153,567 27,083 77,281 26,603 284,534 3,004,513

162,410 36,317 13,391 0 212,118 2,784,350

307,133 54,167 154,562 53,207 569,069 6,009,027

291,488 49,612 75,004 0 416,104 3,751,913

Change in Net Assets Net Assets at beginning of year Net Assets at end of year

3,060,190 23,697,192 26,757,381

1,227,906 0 1,227,907

545,347 0 545,346

(2,742,848) 0 (2,742,847)

567,206 0 567,206

(3,575,322) 0 (3,575,321)

VisitDallas Balance Sheet As of Thursday, November 30, 2017

Audited Year to Date 9/30/2016

Unaudited Year to Date 9/30/2017

Year to Date 11/30/2017

$395,394 $1,714,668 $1,728,049 10,985,897 14,063,732 18,123,139 657,071 0 0 1,963 4,136 6,010 $12,040,325 $15,782,536 $19,857,198

$1,307,011 19,618,457 0 7,516 $20,932,984

$2,876,263 18,868,457 0 7,516 $21,752,236

Audited Year to Date 9/30/2014 ASSETS CASH: Checking Accounts DTPID Account Certificate of Deposit Paypal Reserve TOTAL CASH ACCOUNTS RECEIVABLE: City of Dallas (HOT) City of Dallas (DTPID) Special Event Trust Funds ETF Reserve Business Travel Expense Advance Membership Allowance for Doubtful Accounts Membership Hotel Assessment A/R City of Dallas Employee A/R A/R Miscellaneous Interest Receivable - CDs Notes Receivable - Short Term Deferred Rent - Current TOTAL ACCOUNTS RECEIVABLE

Audited Year to Date 9/30/2015

2,011,459 0 2,169,306 0 7,056 57,320 (1,000) 1,000 2,221 35,000 108,246 3,789 129,891 100,000 $4,624,288

2,151,671 0 4,917,690 (116,961) 8,767 74,511 (1,000) 0 0 116,443 21,299 0 24,728 100,000 $7,297,148

2,670,533 0 2,241,527 (116,961) 8,538 71,093 (1,000) 0 0 135,000 27,641 0 137,767 100,000 $5,274,138

470,196 1,083,903 4,209,750 (116,961) 8,338 83,516 (1,000) 0 1,186,574 225,000 641,056 0 141,895 100,000 $8,032,267

470,196 (1,462,966) 4,209,750 (116,961) 8,334 124,206 (1,000) 250 (1,586,384) 225,000 263,332 0 141,895 100,000 $2,375,651

NOTES RECEIVABLE: Notes Receivable - Long Term Premium on Notes Receivable TOTAL NOTES RECEIVABLE

1,396,654 712,105 2,108,759

1,392,778 691,253 2,084,031

1,170,700 666,525 1,837,225

1,057,533 637,797 1,695,330

957,533 637,797 1,595,330

PREPAID EXPENSES: Prepaid Rent Prepaid Rent - AAC Other Prepaid Expenses TOTAL PREPAID EXPENSES

51,466 187,500 79,213 $318,179

51,466 187,500 814,076 $1,053,042

51,466 187,500 570,468 $809,434

51,466 206,250 456,024 $713,740

51,466 206,250 600,354 $858,070

242,597 328,026 79,722 76,530 8,963 150,812 0

213,939 286,658 34,519 17,722 1 33,495 0

162,136 245,289 18,039 440,238 0 0 0

FIXED ASSETS: Furniture & Fixtures (Net of Depreciation) Leasehold Improvements (Net of Amortization) Computer Systems (Net of Amortization/Depreciation) Web Page (Net of Amort/Depreciation) Marketing Video (Net of Depreciation) Brand Development (Net of Depreciation) Tourism Display (Net of Amortization/Depreciation)

111,429 203,921 1,922 398,429 216,738 (126,675) 175,516

111,429 203,921 1,922 398,429 216,738 (126,675) 175,516

VisitDallas Balance Sheet As of Thursday, November 30, 2017

Audited Year to Date 9/30/2014

Audited Year to Date 9/30/2015

Audited Year to Date 9/30/2016

Unaudited Year to Date 9/30/2017

Year to Date 11/30/2017

11,689 $0 $898,339

11,689 $276,700 $874,723

0 $0 $865,702

0 $60,750 $1,042,030

0 $60,750 $1,042,029

Deferred Rent - Long Term TOTAL ASSETS

1,300,000 $21,289,890

1,200,000 $28,291,480

1,100,000 $29,743,697

1,000,000 $33,416,351

1,000,000 $28,623,316

LIABILITIES AND FUND BALANCE/NET ASSETS CURRENT LIABILITIES: Accounts Payable - Trade Accounts Payable - Purchase Cards Accounts Payable - Other Accrued Liabilities Accrued Liabilities - SETF Accrued Salaries & Incentives Accrued Vacation Deferred Compensation Deferred Membership Income Deferred Construction Allowance TOTAL CURRENT LIABILITIES

569,570 0 46,329 (9,838) 1,073,127 1,149,453 256,491 80,000 282,347 11,429 $3,458,908

758,509 (13,290) 53,642 (9,838) 3,054,065 1,325,317 311,905 160,000 334,102 11,429 $5,985,841

608,840 9,077 37,906 (249,838) 1,335,849 1,265,144 311,905 240,000 360,050 11,429 $3,930,362

801,811 8,235 148,143 (249,838) 1,567,942 1,442,337 371,551 240,000 368,268 11,429 $4,709,878

1,515,063 (180,924) 117,469 (249,838) 1,171,723 109,996 371,551 240,000 385,697 11,429 $3,492,167

Deferred Rent Deferred Construction Allowance Deferred Revenue - Suite Tickets TOTAL LIABILITIES:

111,971 72,381 2,312,800 $5,956,060

108,355 60,952 2,108,760 $8,263,908

91,628 49,523 1,974,992 $6,046,505

73,770 38,094 1,837,225 $6,658,967

73,770 38,094 1,837,225 $5,441,256

8,267,459 7,066,370 $15,333,829 $21,289,889

15,333,829 4,693,744 $20,027,573 $28,291,481

20,027,572 3,669,620 $23,697,192 $29,743,697

23,697,192 3,060,190 $26,757,382 $33,416,349

23,697,192 (515,131) $23,182,060 $28,623,316

Telephone Equipment (Net of Amortization/Depreciation) Fixed Asset Clearing Account TOTAL FIXED ASSETS

FUND BALANCE: Operating Reserve Prior Year Year-to-date change in Operating Reserve TOTAL FUND BALANCE TOTAL LIABILITIES & FUND BALANCE