‘This anal includes only sles tax trom the Are and does as bars, restaurants, tes ee This anal also does nat cons FY 23 City Cost for PayCom Center Operations 1 Cy Budgeted portion of the epecting costs less Naming Rights) $ 8248678 2 city payment of wes § — xoso2se 3 Incentive Fee to ASM $5067 ‘cy payment er operations and Inoentive 5 Toass.a0 4 (Les) ASM performance better than budget 3.2530 Net ty cost for erations $s 7.550409 5 Sales tox revenue from Paycom Center (2,200,000) Net Cty cos of operations net of sales ax $s 5,35009 ude sales tax rom surounding businesses such other economic lmpact elated othe Arena 1 Project chy Porton of Operating Budget - $8,757,074 pai by the ty less Naming ight Revenue of 296, which pai to the Cy = $8,248,678 “Tis an estimate ofthe Fl Year'scoss, Includes an estimated number of events that wil be booked within the FY. The preliminary budgets are due tothe yin Feb, to be included in the Cy budget FY 23 as an anomaly—in Feb 2022, ASM estimsted 101 events, the Ineraae over wha they thoueht would happen. Not only a ASM book more events within the eat, but ‘many events made more revenue (higher ticket sales and FB] than antipted 6 Projected ASM Revenue -$6.136,294 was the estimated even evens from 10 to 24%, the actual revenue increased to $3,838,486 at the end of the ver © Naming ights Revere - $508,396 payment frm the Thunder a ASM to the Cty. Naming rights revenue le pald tthe Cy and held inthe CIP Fund for capital maintenance and improvements tthe 2 unites $1,080 252 paid directly bythe Cy 3 Incentive = $3,506,871 -to ASM this arger than noemal ue oh er, suing inasignifeant increas in ASM Revere, The ince operating surplus. ‘Total Operating Surplus -Ar a result ofthe ncreaed events at Paycom Center, there was a surplus of by far te largest surplus ever, According tothe cote, al surplus provement funds held ether by the Gy or by ASM, This money canbe na, In FY 24, thor sno anticpation that ingore events SM had a slar eis paid out ofthe $3,285,201 4 ‘monies go back eed for maleana event numbers and operating something happen and concerts do not book raw from the surplus to cover these costs and ym from thi amount 6 Blow o $3,285 40% Supls minus the $1,506,871 ncantive = $1,778,521 ~ this is actual amount th ‘reserve for eptal maintenance and improvements or operations at the Arena 5 sales Tax revenue” $2,200,000 estimated sales ax from the Arena. $2572 162 in generated fram ll merchandze and FE salsinthe Arena an the Convention Cot and the Convention Center had the same FAB provider, portion of x revenue from acti at the eonvention center. Te 52,200,000 milion estimate based onsoles tax revenue generate by the Arena In previous eas