1. FY12 Budget Presentation Convention & Entertainment Facilities Department Annise Parker, Mayor Dawn Ullrich, Director

2. CEF in FY12 Transition to Houston First CEF remains in place for purposes of debt retirement CEF budget for FY12: –Pledged revenues and related expenses are recorded on city books –Net available pledged revenues are transferred to Houston First to operate facilities Houston First will operate on a calendar year

3. CEF FY 11 Accomplishments Completed $1.5M in sound, seating and accessibility improvements at Miller Outdoor Theatre Opened $1.2M Baker Commons venue, including statue of James A. Baker, along Buffalo Bayou Directed new Gloworama spectacular on New Year’s Eve, attracting 25,000 visitors to downtown and viewers in 250,000 Houston households Coordinated NCAA Final Four festivities at GRB, Discovery Green – estimated attendance of 70,000 and direct citywide spending of $100M Hosting 10,000 athletes for Summer National Senior Games, June 16-30 Implemented hotel incentive program to open 262-room Embassy Suites near GRB Completed transition to Houston First Corporation

4. CEF Budget FY 12 Budget Beginning Fund Balance$ 45,182,579 Revenue Hotel Occupancy Tax Revenue 62,220,000 Parking Revenue 8,574,382 Lease Income 1,380,000 Miscellaneous Income 574,667 Interest Income 984,000 73,733,049 Expenditures Termination Pay 666,215 Debt Service 21,366,953 Net available pledged revenues 50,411,429 Transfers to General Fund 10,403,107 Transfers to Houston First (Initial working capital) 16,189,523 99,037,227 Ending Balance $ 19,878,401

5. FY12 Budget Presentation Convention & Entertainment Facilities Department Annise Parker, Mayor Dawn Ullrich, Director