MEETING & EVENT FACILITIES

Budget & Financial Update - FY 2022 - March

Overview of March 2022

The following graphs summarize some of the key financial indicators for the YTD (through nine months) and the current month.

The Meeting & Event Facilities YTD have a net income of $1,599,948, which is a $1,005,758 higher net compared to the budget. This is a very solid rebound after the closures due to the pandemic and represents the highest YTD Event Center net income through March. Revenues in this timeframe are 21% ahead of budget, with expenses 3% lower than budget. All event facilities are tracking ahead of budget. For individual facilities, Algonkian Woodlands, Riverview at Occoquan and Rust Sanctuary each have their highest net YTD in recent years., with Meadowlark Atrium Meadowlark Atrium at it's second highest net YTD.

The Meeting & Event Facility net income for the month of March is in line with other fiscal years, as March often has a net loss or slight positive net income. This net income is $26,630 higher than the budget.

The Meeting & Event Centers for this presentation include: Algonkian Woodlands Meeting & Event Center, Bull Run Special Events Center, Catering & Event Services, Meadowlark Atrium & Event Services, Riverview at Occoquan, Brickmakers Cafe at Occoquan and Rust Sanctuary.


YTD Revenues to YTD Budget


YTD Revenues to % of YTD Budget


YTD Revenues to Annual Budgeted Revenues


The above graph shows YTD revenue compared to revenue budgeted for the total year.

YTD Expenses to YTD Budget


YTD Expenses to % of YTD Budget


YTD Expenses to Annual Budgeted Expenses


The above graph shows YTD expenses compared to expenses budgeted for the total year.


The above graph shows the Meeting & Event Facility net income for the month of March. It is in line with other fiscal years, as March often has a net loss or slight positive net income. This net income is $26,630 higher than the budget.

Meeting & Event Facilities Revenues - One Month


Meeting & Event Facilities Expenses - One Month