Alerus Center Mission Statement
Alerus Center Mission Statement The mission of the Alerus Center is to provide premier entertainment and events that stimulate economic impact and improve the quality of life for Grand Forks area citizens.
BUDGET vs ACTUAL For The Period Ending May 31, 2017
Profit/(Loss):
1. 2.
Budget May-17 ($16,614)
Actual May-17 Over / Under ($84,483) ($67,869)
Budget YTD 2017 $146,759
Actual YTD 2017 ($76,864)
Actual VS YTD P
40 events budgeted, 20 events occurred, F&B revenues higher due to unbudgeted concert,
Alerus Center Balance Sheet thru May 2017 Assets Cash Accounts Receivable Inventory Pre-Paid Non-Current
$ $ $ $ $
3,116,059 149,224 109,541 37,330 1,003,907
Total Assets
$
4,416,061
$
4,416,061
Liabilities Short Term Payables Long Term Payables Retained Earnings Reserved for Event Fund Profit / Loss
$ $ $ $ $ Total Liabilities & Capital
1,355,958 825,285 2,305,500 6,182 (76,864)
Net increase/(decrease) in cash and cash equivalents $(174,051)
-Decrease due to payout of ticketed event, -Decrease in accrued liabilities,
Questions?
BUDGET vs ACTUAL For The Period Ending May 31, 2017
Profit/(Loss):
1. 2.
Budget May-17 ($16,614)
Actual May-17 Over / Under ($84,483) ($67,869)
Budget YTD 2017 $146,759
Actual YTD 2017 ($76,864)
Actual VS YTD P
40 events budgeted, 20 events occurred, F&B revenues higher due to unbudgeted concert,
Alerus Center Balance Sheet thru May 2017 Assets Cash Accounts Receivable Inventory Pre-Paid Non-Current
$ $ $ $ $
3,116,059 149,224 109,541 37,330 1,003,907
Total Assets
$
4,416,061
$
4,416,061
Liabilities Short Term Payables Long Term Payables Retained Earnings Reserved for Event Fund Profit / Loss
$ $ $ $ $ Total Liabilities & Capital
1,355,958 825,285 2,305,500 6,182 (76,864)
Net increase/(decrease) in cash and cash equivalents $(174,051)
-Decrease due to payout of ticketed event, -Decrease in accrued liabilities,
Questions?
