Oklahoma City Public Property Authority Budget

FY 20 22

Oklahoma City Public Property Authority Revenue and Expense Summary

The Oklahoma City Public Property Authority (OCPPA) provides a funding mechanism for building renovations, economic development, fairgrounds redevelopment, general purpose, golf courses, MAPS related contracts and capital, natural gas contract management, and sports facilities improvements. Funding these activities through the OCPPA allows the City, the sole beneficiary of the authority, to benefit from multi-year contracts with vendors and allows for the maintenance of adequate reserves.

Revenues by Source The revenue to support activities in the OCPPA is derived from various sources. In some cases, revenue is transferred from other City and Trust funds including the General Fund. An example of a revenue transfer would be the $1,076,016 in revenue budgeted in the Natural Gas Contract operating unit that will be transferred in from various City and Trust funds for expenses recorded in the OCPPA for Natural Gas. Some revenues, such as Golf System revenues, are deposited directly in the OCPPA. An overview of revenue by source is provided below.

Revenues by Source

Golf Course Other 3.1% Revenue 15.5% Transfer from General Fund Transfers from 27.1% Various Funds 8.4%

Transfers from Hotel Tax Fund Balance 19.8% 26.2%

$62,756,415

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Expenditures by Category The chart below provides an overview of expenditures by category. As previously mentioned, the benefit of using the OCPPA to fund certain activities is the ability to secure multi-year contracts and establish reserves. The primary expenditure categories by function are Other Service and Charges, Capital Outlay, and Transfers. Other Service and Charges at $29.8 million (47.5%) of expenditures includes the management contract with ASM for , the MAPS 3 Convention Center and the ; as well as various activities for the Fairgrounds and Golf Courses. Capital Outlay, which comprises $9.8 million (15.6%) of expenditures, includes Fairgrounds improvements and MAPS related projects. Transfers, which comprises $7.7 million (12.3%) of the budget, includes the Fairgrounds and Golf transfers. Debt Service is $6.5 million (10.4%) of the budget and is primarily related to Fairgrounds revenue bond debt paid from the Hotel Tax and Golf Course revenue bonds. Materials and Supplies, and Personal Services categories make up the remaining portion of the overall budget.

Expenditures by Category

Materials & Transfers Supplies 7.2% 12.3%

Personal Services Other Service & 7.2% Charges 47.5% Debt Service 10.4%

Capital Outlay 15.6%

$62,756,415

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Expenditures by Function The OCPPA budget is presented here by functions to group similar activities. Within most of the functions there are separate operating units to account for revenues and expenses for specific activities. For example, each golf course has a separate operating unit.

Expenditures By Function

Golf Courses Sports Facilities 17.4% Fairgrounds Improvements 27.4% 4.5%

Other 6.7%

BIDS 1.4%

MAPS Contracts/Capital Natural Gas 36.0% 1.7% Cultural and Recreation 4.8% $62,756,415

As indicated in the chart, MAPS Related Contracts/Capital makes up the largest category by function at $22.6 million (36.0%). The second largest category is Fairgrounds at $17.2 million (27.4%), primarily composed of debt service of revenue bonds by the Hotel Tax. Golf Courses are the third largest at $10.9 million (17.4%). Sports facilitates Improvements, economic development, natural gas, Business Improvement Districts and general purpose functions make up the remaining activities.

Budget Summaries Summaries of the OCPPA budget in total and by sub-fund are provided on the following pages.

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Oklahoma City Public Property Authority Fiscal Year 2022 Proposed Budget Summary by Activity Revenues Fund FY20 Actual FY21 Budget FY22 Budget Business Improvement Districts 320,118 959,963 867,463 Civic Center Activities 1,366,161 3,776,270 2,985,767 Economic Development 70,627 97,606 3,667,605 Fairgrounds Development (Hotel Tax) 12,945,478 17,340,954 16,959,794 Fairgrounds Operations 25,352 130,000 242,447 General Purpose 218,314 293,993 558,638 Golf Courses 9,622,628 10,238,875 10,947,832 MAPS Related Contracts / Capital 16,215,689 22,532,209 22,601,258 Natural Gas Contract Transfers 626,566 841,478 1,076,016 Sports Facilities Improvements 634,883 5,172,234 2,849,595 Toal Revenues 42,045,816 61,383,582 62,756,415 Expenses Fund FY20 Actual FY21 Budget FY22 Budget Business Improvement Districts 191,300 959,963 867,463 Civic Center Activities 1,430,673 3,776,270 2,985,767 Economic Development 58,854 97,606 3,667,605 Fairgrounds Development (Hotel Tax) 14,223,929 17,340,954 16,959,794 Fairgrounds Operations 19,432 130,000 242,447 General Purpose 332,515 293,993 558,638 Golf Courses 9,281,999 10,238,875 10,947,832 MAPS Related Contracts / Capital 17,368,996 22,532,209 22,601,258 Natural Gas Contract Transfers 611,507 841,478 1,076,016 Sports Facilities Improvements 364,045 5,172,234 2,849,595 Total Expenses 43,883,252 61,383,582 62,756,415

Page 4 of 16 Oklahoma City Public Property Authority Fiscal Year 2022 Proposed Budget Summary of Revenues and Expenditures Revenues Revenue Expense Category FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 17,179,644 16,463,616 Interest 346,736 121,110 114,776 Tax Increment Financing 69,599 69,000 70,102 Ballpark Ticket Fees 254,999 100,000 44,785 Catering and Event Services 195,135 140,000 0 Facility and Equipment Rentals 72,763 0 0 Golf Course Revenue 8,442,151 8,992,454 9,701,561 Miscellaneous Revenue 1,524,828 2,016,969 1,158,114 Refunds and Reimbursements 247,325 315,000 272,732 Rental / Lease Income 158,805 432,245 270,056 Transfer from BIDS 0 300,000 207,500 Transfer from Capital Improvement 1,500,000 5,000,000 2,400,000 Transfer from COTPA 11,828 102,646 198,439 Transfer from Fleet Services 79,024 25,867 33,719 Transfer from General Fund 12,995,380 15,144,212 17,004,963 Transfer from Hotel Tax Fund 12,805,313 10,355,170 12,409,794 Transfer from Internal Service Funds 79,629 82,836 4,698 Transfer from OKC Airport Trust 56,642 64,420 111,576 Transfer from OKC Municipal Facilities 0 150 400,000 Transfer from OKC Water Utility Trust 61,397 64,123 76,751 Transfer from OKC Zoological Trust 65,818 68,407 77,026 Transfer from Sports Facilities Sales Tax Fund 0 23,706 0 Transfer from Sports Facilities Use Tax Fund 0 95,236 0 Transfer from the Stormwater Drainage Utility 2,512,006 13,236 1,517,909 Transfers from OCEAT 104,225 172,248 213,349 Transfers from Other OCPPA Accounts 462,213 504,903 4,949 Toal Revenues 42,045,816 61,383,582 62,756,415

Page 5 of 16 Oklahoma City Public Property Authority Fiscal Year 2022 Proposed Budget Summary of Revenues and Expenditures Expenses Revenue Expense Category FY20 Actual FY21 Budget FY22 Budget Personal Services 4,126,639 4,441,413 4,488,106 Other Service & Charges 20,257,837 27,765,983 29,785,960 Materials & Supplies 3,676,300 5,575,764 4,523,512 Capital Outlay 533,244 9,161,608 9,759,874 Debt Service 7,045,181 6,548,407 6,501,937 Transfers 8,244,050 7,890,407 7,697,026 Total Expenses 43,883,252 61,383,582 62,756,415

Page 6 of 16 Oklahoma City Public Property Authority Business Improvement Districts

This budget provides for the management of contracts for the Downtown Business Improvement District. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 160,163 160,163 Interest 13,718 4,000 4,000 Transfers from BIDS 0 300,000 207,500 Transfers from General Fund 306,400 495,800 495,800 Total Revenues 320,118 959,963 867,463 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 191,300 959,963 867,463 Total Expenses 191,300 959,963 867,463 Fund Balance Beginning Fund Balance 714,964 843,782 1,095,194 * Additions/(Reductions) to Fund Balance 128,818 251,413 * (160,163) ** Ending Fund Balance 843,782 1,095,194 * 935,031 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 7 of 16 Oklahoma City Public Property Authority Civic Center Activities

This budget is used for the Civic Center management agreement with the Civic Center Foundation and continuing capital maintenance of the facility. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 2,111,811 2,102,592 Interest 39,894 56,994 33,175 Civic Center Foundation 476,267 757,465 0 Transfers from General Fund 850,000 850,000 850,000 Total Revenues 1,366,161 3,776,270 2,985,767 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 875,585 2,461,498 2,885,767 Supplies 0 746,215 50,000 Capital Outlay 78,821 568,557 50,000 Debt Service 476,267 0 0 Total Expenses 1,430,673 3,776,270 2,985,767 Fund Balance Beginning Fund Balance 2,354,197 2,108,903 2,116,748 * Additions/(Reductions) to Fund Balance (245,293) 7,845 * (2,116,748) ** Ending Fund Balance 2,108,903 2,116,748 * 0 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 8 of 16 Oklahoma City Public Property Authority Economic Development

This budget provides for various activities related to economic development projects. Most activities have been moved to the Oklahoma City Economic Development Trust. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 27,606 3,556,503 Interest 1,028 1,000 41,000 Tax Increment Financing 69,599 69,000 70,102 Total Revenues 70,627 97,606 3,667,605 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 169 500 40,500 Capital Outlay 0 0 3,518,531 Transfers 58,685 97,106 108,574 Total Expenses 58,854 97,606 3,667,605 Fund Balance Beginning Fund Balance 88,803 100,576 2,647,498 * Additions/(Reductions) to Fund Balance 11,773 2,546,922 * (37,972) ** Ending Fund Balance 100,576 2,647,498 * 2,609,526 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 9 of 16 Oklahoma City Public Property Authority Fairgrounds Development (Hotel Tax)

This budget provides for Fairgrounds redevelopment projects. Funding is provided by the sale of Revenue Bonds sold in 2007, 2011 and 2015. Funds are transferred in from the Hotel Tax to pay the debt service on those revenue bonds and to provide for other capital improvements. Hotel Tax revenue that exceeds the debt service requirements is transferred back to the Hotel Tax Fund. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 6,981,984 4,550,000 Interest 140,165 3,800 0 Transfers from Hotel/Motel Tax Fund 12,805,313 10,355,170 12,409,794 Total Revenues 12,945,478 17,340,954 16,959,794 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 870,725 801,800 706,465 Supplies 315,741 500,000 350,000 Capital Outlay 285,913 4,680,232 3,500,000 Debt Service 6,377,044 6,376,307 6,461,387 Transfers 6,374,507 4,982,615 5,941,942 Total Expenses 14,223,929 17,340,954 16,959,794 Fund Balance Beginning Fund Balance 10,878,244 9,599,793 9,154,242 * Additions/(Reductions) to Fund Balance (1,278,451) (445,552) * (4,550,000) ** Ending Fund Balance 9,599,793 9,154,242 * 4,604,242 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 10 of 16 Oklahoma City Public Property Authority Fairgrounds Operations

This budget includes the payment for utilities at the Fairgrounds for Parks and Recreation Department Storage and Arts facilities, and maintenance at City-operated Fair buildings. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 100,000 125,119 Interest 4,405 0 10,924 Refunds and Reimbursements 20,947 30,000 30,000 Sale of Surplus Property 0 0 76,404 Total Revenues 25,352 130,000 242,447 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 19,432 130,000 135,324 Capital Outlay 0 0 107,123 Total Expenses 19,432 130,000 242,447 Fund Balance Beginning Fund Balance 234,129 240,049 242,007 * Additions/(Reductions) to Fund Balance 5,920 1,958 * (125,119) ** Ending Fund Balance 240,049 242,007 * 116,888 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 11 of 16 Oklahoma City Public Property Authority General Purpose

This budget is used for any general purpose and miscellaneous OCPPA activities, such as audits,and the Land Run monument project. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 72,493 118,638 Interest (1,900) 500 0 Transfer from Internal Service Funds 75,840 76,000 0 Transfer from OKC Municipal Facilities 0 0 400,000 Transfers from General Fund 144,374 145,000 40,000 Total Revenues 218,314 293,993 558,638 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 225,685 275,571 448,638 Supplies 0 0 10,000 Capital Outlay 106,830 18,422 100,000 Total Expenses 332,515 293,993 558,638 Fund Balance Beginning Fund Balance 186,906 54,705 153,399 * Additions/(Reductions) to Fund Balance (132,201) 98,694 * (153,313) ** Ending Fund Balance 54,705 153,399 * 85 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 12 of 16 Oklahoma City Public Property Authority Golf Courses

The City's golf course budget is presented below which reflects revenues that are received directly by the individual golf courses and expended out of the OCPPA. The Oklahoma City Golf Commission recommended approval of the budget at their June 2, 2021 meeting. Revenues Description FY20 Actual FY21 Budget FY22 Budget Interest 102 100 100 Concessions 1,134,897 1,405,082 1,236,432 Driving Range 653,969 700,322 792,022 Facility and Equipment Rentals 18,524 23,000 22,500 Golf Car / Locker Rental 2,412,857 2,424,716 2,649,546 Green Fees 3,076,927 3,282,318 3,737,095 Miscellaneous 51,404 13,159 13,609 Refunds and Reimbursements 5,647 240 240 Surcharges 1,087,825 1,093,517 1,200,017 Transfer from Risk Management 0 150 0 Transfers Between Courses 0 700 700 Transfers from Courses Admin Fee 71,476 73,100 81,100 Transfers from General Fund 1,180,477 1,246,271 1,246,271 Transfers from Golf Equipment Fund 445,706 332,921 381,550 Transfers from Op Reserve to Surcharge 0 50,000 50,000 Less Transfers Between Golf Funds (517,182) (406,721) (463,350) Total Revenues 9,622,628 10,238,875 10,947,832 Expenses Description FY20 Actual FY21 Budget FY22 Budget Personal Services 4,126,639 4,441,413 4,488,106 Other Services and Charges 2,192,571 2,413,120 2,877,720 Supplies 1,481,646 1,760,615 1,804,649 Capital Outlay 10,380 210,731 297,004 Debt Service 191,870 172,100 40,550 Transfers 1,796,076 1,647,617 1,903,153 Less Transfers Between Golf Funds (517,182) (406,721) (463,350) Total Expenses 9,281,999 10,238,875 10,947,832 Fund Balance Beginning Fund Balance 311,479 876,950 2,199,952 * Additions/(Reductions) to Fund Balance 565,471 1,323,003 * 0 ** Ending Fund Balance 876,950 2,199,952 * 2,199,952 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 13 of 16 Oklahoma City Public Property Authority MAPS Related Contracts / Capital

This budget is used to administer the contract for the management of Prairie Surf Studios, Chesapeake Energy Arena, and the MAPS 3 Convention Center; the water taxi contract; the dredging of the Oklahoma River; and contracts for use of the Distributed Antenna System at the Chesapeake Energy Arena. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 5,469,286 3,647,905 Interest 100,872 29,128 11,351 Arena Naming Rights 366,978 475,000 496,958 Catering/Event Services Rev 195,135 140,000 0 Facility and Equipment Rentals 72,763 0 0 Miscellaneous 9,752 19,504 9,752 Other Fees 671,831 690,000 500,000 Rentals and Leases 51,560 0 0 Transfers from Capital Improvement 1,500,000 3,000,000 2,400,000 Transfers from General Fund 10,287,597 12,090,349 14,035,292 Transfers from OCPPA 0 500,000 0 Transfers from Other OCPPA Accounts 459,202 0 0 Transfers from Sports Facilities Sales Tax 0 23,706 0 Transfers from Sports Facilities Use Tax Fund 0 95,236 0 Transfers from the Stormwater Drainage Utility 2,500,000 0 1,500,000 Total Revenues 16,215,689 22,532,209 22,601,258 Expenses Description FY20 Actual FY21 Budget FY22 Budget Convention Center Management Contract 0 3,824,118 4,288,330 Other Services and Charges 14,949,400 14,750,679 15,482,709 Supplies 1,836,330 2,450,420 2,009,863 Capital Outlay 51,300 918,877 820,356 Transfers 531,965 588,115 0 Total Expenses 17,368,996 22,532,209 22,601,258 Fund Balance Beginning Fund Balance 4,636,550 3,483,243 3,680,463 * Additions/(Reductions) to Fund Balance (1,153,307) 197,221 * (3,647,905) ** Ending Fund Balance 3,483,243 3,680,463 * 32,558 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 14 of 16 Oklahoma City Public Property Authority Natural Gas Contract Transfers

This budget is used to consolidate transfers from the General Fund, Oklahoma City Airports Trust, Oklahoma City Water Utilities Trust, the Oklahoma City Zoological Trust, the Fleet Services Internal Services Funds, the Central Oklahoma Transit and Parking Authority, the OCPPA (Golf) Fund, and the Stormwater Drainage Utility Fund to pay for natural gas under a master contract for the large natural gas usage facilities. Revenues Description FY20 Actual FY21 Budget FY22 Budget Interest 2,294 2,000 0 Transfer from Internal Service Funds 3,789 6,836 4,698 Transfer from OKC Airport Trust 56,642 64,420 111,576 Transfer from OKC Water Utility Trust 61,397 64,123 76,751 Transfer from the Stormwater Drainage Utility 12,006 13,236 17,909 Transfers from COTPA 11,828 102,646 198,439 Transfers from General Fund 226,532 316,792 337,600 Transfers from General Services 79,024 25,867 33,719 Transfers from OCEAT 104,225 172,248 213,349 Transfers from OCZT 65,818 68,407 77,026 Transfers from Other OCPPA Accounts 3,011 4,903 4,949 Total Revenues 626,566 841,478 1,076,016 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 611,507 841,478 1,076,016 Total Expenses 611,507 841,478 1,076,016 Fund Balance Beginning Fund Balance 28,024 43,082 171,237 * Additions/(Reductions) to Fund Balance 15,058 128,155 * 0 ** Ending Fund Balance 43,082 171,237 * 171,237 ** * Estimated. ** Assumes budgeted revenues and expenditures.

Page 15 of 16 Oklahoma City Public Property Authority Sports Facilities Improvements

This budget provides for various activities related to Sports Facilities Improvements. The facilities include the Downtown Arena, NBA Practice Facility, Softball Hall of Fame and Bricktown Ballpark. Revenues Description FY20 Actual FY21 Budget FY22 Budget Fund Balance 0 2,256,301 2,202,696 Interest 46,261 23,688 14,326 Ballpark Ticket Fees 254,999 100,000 44,785 Building Rental 107,245 107,245 134,056 Miscellaneous 0 75,000 75,000 Refunds and Reimbursements 226,378 285,000 242,732 Rentals and Leases 0 325,000 136,000 Transfers from Capital Improvement 0 2,000,000 0 Total Revenues 634,883 5,172,234 2,849,595 Expenses Description FY20 Actual FY21 Budget FY22 Budget Other Services and Charges 321,462 1,307,256 977,028 Supplies 42,583 118,514 299,000 Capital Outlay 0 2,764,789 1,366,860 Transfers 0 981,675 206,707 Total Expenses 364,045 5,172,234 2,849,595 Fund Balance Beginning Fund Balance 2,149,027 2,419,865 2,585,643 * Additions/(Reductions) to Fund Balance 270,838 165,778 * (2,202,696) ** Ending Fund Balance 2,419,865 2,585,643 * 382,947 ** * Estimated. ** Assumes budgeted revenues and expenditures.

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