NO LONGER TRACKED AS KPI (DEPARTMENT REPORTS ON MONTHLY FORECAST)

The Fort Worth Convention Center's revenue goal for fiscal year 2016 is $4,498,500 and was adopted by Fort Worth City Council. Tracking revenue from events is important because it enables the department to cover operating expenses at the Fort Worth Convention Center and debt obligations associated with the facility, maintenance and improvements. This also ensures the department is operating efficiently and is fiscally sound.

The monthly budget report is exported from the City of Fort Worth ERP Financials to an Excel spreadsheet by the department's Budget Coordinator.  The data captures revenues and expenditures by line item and cost center.  The reports compare current revenues and expenditures to the approved budget and actual amounts to prior year's expenditures.  The Monthly Report is distributed to Senior staff and kept on the shared drive by fiscal year titled "Monthly Report".   Revenue and Expense amounts specific to FWCC and WRMC are obtained via the City of Fort Worth ERP Financials.  From the Main Menu select "CFW Budget to Actual Reporting"; "Operating - Dept. Summary";  Enter "Budget Period", "Fund" and "Department".  Budgeted revenue is based on the prior year's performance and projected income from bookings.  Information is pulled monthly, quarterly and year end.  

Actual = Monthly revenue