Page 18 - 12403-FA-LACC Report 2017 - V10.indd

EXPENSES 12 BUILDING THE RESERVE

15 10 $ 2.8
$ 2.65 Million

Million
12 $ 10.9 8

$ 10.1 Million
Million $
$ 8.9 7.1 Million
9 Million in the Reserve
6
In keeping with convention center
$ 6.2 management best practices,
$ 5.5 $ 5.5 Million
6 $ 4.9 $ 5.0 $ 5.1 Million Million AEG Facilities set out to build a
Million Million Million 4 $ 1.0 financial reserve of $2.1 million

Million within the 5 years of its initial
$ 680,000 management agreement.
3 $ $ 2.0
$ 1.3 1.7 Million 2 Thousand This goal has been surpassed
Million Million
well before the 5-year mark,
adding $1 million to the reserve
0 this year. At the conclusion of
0 this fiscal year, the LACC reserve
Wages & Salaries Utilities Operating Event has reached $7.1 million.
Expenses Expenses
7/1/13 7/1/14 7/1/15 7/1/16
through through through through
6/30/14 6/30/15 6/30/16 6/30/17
(Actuals) (Actuals) (Actuals) (Actuals)

7/1/14 - 6/30/15 (Actuals) 7/1/15 - 6/30/16 (Actuals) 7/1/16 - 6/30/17 (Actuals)
18 19