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HomeMy WebLinkAbout2/1/2024 DMCC Special Public Meeting - December financial reportDestination Medical Center Corporation Financial Budget Summary Preliminary December 31, 2023 Amount PercentDecember 2023Current Month2023 Remaining RemainingYear To DateDecember 2023Approved Budget DMCC Corporation: 34,017Rents and Leases 22,681 11,336 33% 172,300Professional Services 84,951 87,349 51% 6,000Travel/Training 1,684 4,316 72% 20,000Insurance and Bonds 18,681 12Interest / Other Administrative 58 232,317Subtotal DMCC 12 128,055 103,001 44% Third Party Costs - DMC EDA 1,289,172Employee Services 213,677 1,244,921 44,251 3% 70,974Operating Expenses 191,592 (120,618) -170% 1,189Operational Costs - Contracted (1,189) 691,472Economic Development Outreach & Support 3,552 282,347 409,125 59% 517,410Professional Services 7,093 281,348 236,062 46% 54,500Miscellaneous Expenses 54,500 100% 2,623,528Subtotal EDA 224,322 2,001,397 622,131 24% Third Party Costs - City of Rochester Project Management Budget 995,277Employee Services 80,095 889,292 105,985 11% 38,760Contractual Maint and Repair - 753 38,007 98% 8,160Expert and Professional Services 228 28,823 (20,663) -253% 13,414Travel/Training/Memberships 365 11,058 2,356 18% 12,990Operations Expenses 1,661 12,608 382 3% 11,568Miscellaneous/Other 16 17,302 (5,734) -50% 1,080,169Subtotal City Project Management 82,365 959,836 120,333 11% 3,936,014Total DMCC Operations 2023 306,699 3,089,288 846,726 22% NOTE: December 2023 is not yet closed, therefore the December numbers are not final. DMCC Working Capital Note: $1,000 EDA Working Capital Note: $100,000